Strategy has acquired 1,587 BTC for $100 million to increase our $BTC Reserve to ₿846,842. We have also increased our USD Reserve by $100 million to $1.1 billion. $MSTR $STRC https://t.co/27PYXJN7GD
I love that we’re the new Rome. Peace with Persia in the afternoon and a gladiator fight in the evening, all on the Emperor’s birthday. Another 1,000 years.
We are pleased to announce that Metaplanet has entered into an agreement to acquire 100% of Siiibo Securities, a licensed Type I securities firm and a pioneer of Japan's online corporate bond market. Following closing, expected in July, the company will be renamed Metaplanet Securities. This is Metaplanet's first major acquisition and the first concrete step in Project Nova, our long-term strategy to build a Bitcoin-centric financial ecosystem in Japan.
The significance is hard to overstate. Japanese households hold roughly $7.4 trillion in cash, deposits and low-yield products, and as Japan shifts from deflation to inflation, that capital has begun searching for yield. By bringing Siiibo's Type I registration and online securities platform into the group, we will develop and distribute Bitcoin-related yield products directly to Japanese investors, supported by the 40,177 BTC on our balance sheet, the largest corporate Bitcoin treasury in Asia.
We have great respect for Kazuki Komura and the team at Siiibo Securities and what they have built. Together, as Metaplanet Securities, we will bring new yield opportunities to Japan.
There's only 4.6% of #Bitcoin left to be mined.
In 2 years, it will be just 3.1%.
At this point, new supply issuance will be cut in half permanently.
People are currently focused on when the bear market is over (is it now? in 3 months?)...
but the supply shortage that will fuel the next bull market is already loading.
This is the heart of Bitcoin's game theoretic inevitability.
Bitcoin has increasing scarcity of new supply issuance... terminating in absolute scarcity.
Both of these properties are a first in the world of store-of-value assets (because a set-in-stone supply schedule is not possible in the physical world - only in the digital world).
And yet, 99.9% of the world does not realize these simple truths, and as a result has not yet adopted Bitcoin as their primary savings technology / treasury asset.
They will have to bid for the meager 4.6% of new supply left, or try to buy existing coins from the 0.1% who already understand what Bitcoin is.
All you have to do is remember what you're holding, accumulate if you can, and wait for economic reality to continue to play out.
When the 99.9% come bidding for your coins, at what price will you sell them some?
I've been invited to a panel in Prague to speak.
It's called "Badass Bitcoin Users".
Neat title, but I want to talk to you about something.
At 71 I've lived through a shit storm of endless conflict, collapses, inflation, stagflation, oil shortages, and an increasingly indebted nation and centralized government.
Bring a Bitcoin badass is not something you do with technology, VPN's, multisig, wallets or anything else.
Becoming sovereign takes place between your ears. It's opening your eyes, your ears, learning, and staying humble.
Bitcoin dies not produce Bitcoin sovereign Badasses.
It attracts them.
We are the early pioneers. Those who had gonads the size of watermelons (women included here too, but with spines of steel).
Others will follow.
From my time working the oil fields, being a cop, working underground, or flying, I never was able to escape the system.
I was never sovereign.
Just remember that the ultimate promise of Bitcoin is to allow you-a sovereign Bitcoin Badass-to hit escape velocity and finally become what you always wanted to be.
Free.
Imagine what $ASST will be able to do with $SATA growing dramatically in volumes?
REMEMBER - @saylor's $MSTR benefits from more companies adopting his strategy. This is NOT zero sum. Everyone that competes for Bitcoin helps with upward price pressure.
The move from $16,000 to $126,000 to $60,000 was not a full cycle move. It was just a re-basing before the actual bull run. The actual bull run will take us from $60,000 to at least the $315,000 area. It will correspond with an actual economic and business cycle. Newbs will see.