MericaBTC

Bitcoin is freedom

[Fred Krueger @dotkrueger]

Question for Illinois:

If I sell $1 million of IBIT, what's the state transaction tax?

$0.

If I move $1 million of Bitcoin?

Apparently that's different.

[MericaBTC @MericaBTC]

@DavidSacks This is just a cover story to roll out digital IDs and enslave us more.

[Michael Saylor @saylor]

Congratulations @ElonMusk and $SPCX on a historic IPO.

Thanks to you, 25% of the Mag8 now holds Bitcoin on the balance sheet.

[MericaBTC @MericaBTC]

@ZynxBTC Prefer STRK

[Mark Harvey @thepowerfulHRV]

The way $MSTR is structured, it is almost impossible for it to go bankrupt.

It holds enough BTC to pay the dividend indefinitely without raising another dime from the capital markets.

If $MSTR were ever forced to sell coins to pay the dividend, it would be a slow, controlled liquidation over many decades, something the market could easily absorb.

Images of an FTX/Enron-style collapse in $MSTR are largely bear fantasies, not scenarios grounded in reality.

[Matt Cole @ColeMacro]

Strive acquired an additional 32 $BTC for ~$2.1M at an average cost of ~$63,911 per bitcoin.

$ASST $SATA

[Michael Saylor @saylor]

$STRC and $MSTR shareholders have approved the amendment to move $STRC dividends from monthly to semi-monthly. Under the new cadence, the first record date is June 30 and the first payment date is July 15. Thank you to every shareholder who voted. https://t.co/3sIqqF3FCR

[Saifedean Ammous @saifedean]

Nocoiners are gloating

Shitcoiners in shambles

Fiat press churning out the stupid think pieces on why this really is the end of bitcoin

We're halfway between halvings

It's time to stack sats like your life depends on it

Nothing beats being in tune with the cycles of nature

[Simon Dixon @SimonDixonTwitt]

Exactly what the financial-industrial complex is doing with Bitcoin right now.

They want to custody your Bitcoin while encouraging you to lever up and borrow against it, so they can margin-call you when they scoop it up on the cheap.

They want BlackRock, Strategy, Coinbase, or a Cantor-connected Bitcoin treasury company to hold your Bitcoin.

They want your Bitcoin wrapped in Michael Saylor, Brandon Lutnick, Adam Back, David Bailey, Jack Mallers, Steve Witkoff, Eric Trump, or Donald Trump Jr. instead of held in your own self-custody.

Understand the difference between owning Bitcoin and owning a financial product built around Bitcoin.

One moves you closer to sovereignty.

The other moves Bitcoin closer to the financial-industrial complex.

Your choice.

[TFTC @TFTC21]

A 1973 Wikileaks cable shows primary dealers explicitly planned to use gold futures volatility to "diminish initial demand for physical holding and negate long-term hoarding by US citizens."

@chrismartenson reads it in black and white.

[Phong Le @phongle]

Our corporate @Strategy is to increase net Bitcoin and Bitcoin per share over time. Rumors otherwise are just rumors.

[MericaBTC @MericaBTC]

@saylor @Strategy Sell 40 Bitcoin this week, buy 5000 Bitcoin at 10k a coin discount, use the fear to accumulate more

[Samson Mow @Excellion]

Remember the idiots that told you “Zcash is a hedge against Bitcoin.”

[Zynx @ZynxBTC]

Just put my entire trading portfolio into $STRC at $93.

Locked in a 12.3% effective yield and will enjoy the ~7.5% capital gain when it trades back to par within the next 60 days.

Crazy that the market is offering this to us again.

Bitcoin will be fine. Strategy will be fine.

[Bit Paine ⚡️ @BitPaine]

I’m sorry to burst your retard bubble but $MSTR literally cannot “blow up and fail.”

Study the structure of the company.
It’s not possible.

The worst case scenario is long term underperformance of the common stock relative to bitcoin.

Even if they become a “forced seller” to cover dividends, this would be at a pace that is *minuscule* compared to daily $BTC volume - and to their own historical pace of $BTC acquisition.

It would take TEN YEARS for dividend-related sales to deplete the Bitcoin they bought YEAR-TO-DATE and over forty years to deplete the treasury. For reference, Bitcoin was trading at $600 ten years ago.

They could also buy back $STRC at a discount to reduce this burden if it was sold off in extremis (and the fact that they can do this means it probably won’t be).

If you are selling because you are afraid of this you are retarded.

[MericaBTC @MericaBTC]

@GaryCardone He should keep doing it, more Bitcoin per share.

[MericaBTC @MericaBTC]

@0xTindorr This time will bolster the Return Of Capital tax deferred dividends for another decade. This is what you want if you have the yield products in taxable account.

[MericaBTC @MericaBTC]

@PunterJeff The USA is still selling Bitcoin, the MSTR narrative was a convenient cover.

[Jeff Walton @PunterJeff]

And to those concerned about Strategy selling 32 BTC, we purchased 78 times what they sold last week.

Benefit of having multiple digital credit issuers?

More liquidity amid various market conditions.

[Mark Moss @1MarkMoss]

MSTR is not Bitcoin.

They are a public company navigating public equity markets

The BTC sale was maneuver to signal rating agencies and credit analysts, demonstrating the tools they can and would deploy to protect pref holders if needed.

In that sense, the sale is not a change of heart, you can see this in the sample size, it’s a signal the company is willing to monetise part of its Bitcoin reserve when its capital structure demands it.