$MSTR - STRATEGY'S BITCOIN U-TURN:WSJ
For years, Michael Saylor urged investors to never sell bitcoinโfamously saying, โSell a kidney if you must, but keep the bitcoin.โ Now, his company, Strategy, is preparing to sell part of its bitcoin holdings to remain solvent. The irony is hard to miss: Saylor still appears to have both kidneys.
๐จ BREAKING: $BTC โ Strategy (MicroStrategy) sold 32 BTC for ~$2.5M, first confirmed sale since December 2022, per SEC 8-K filing. Proceeds fund preferred stock dividends.
As of May 31, Strategy holds 843,706 BTC at $63.87B total cost, avg $75,699/BTC. With BTC now ~$72K, the portfolio is underwater.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: This isn't panic selling โ it's a structural dividend obligation. But the precedent matters. MSTR has now broken its "never sell" doctrine twice in 3.5 years. If BTC keeps declining, dividend-funded BTC sales could become a recurring supply overhang rather than a one-off. The $72K support break compounds the pressure.
SEC filing: https://t.co/u0PIPUWnir
Track on Arkham: https://t.co/niWgrzWmfH
--source: https://t.co/KbpYan7MQn
Track real-time signals & trade โ https://t.co/ceYOW7nCNr
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Yes, it isn't enough to Feed 4 People with that and I have so much Debt to Friends, Relatives and Online Loan.
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JUST IN: Trader swaps $50M USDT for just $36K AAVE on Ethereum.
What happened?
โข The trader tried to buy AAVE using $50M in one transaction.
โข There wasnโt enough liquidity for such a large order.
โข The swap caused the price to spike massively during the trade.
โข As a result, the trader received only ~324 AAVE (~$36K).
In short: The order was too big for the available liquidity, causing a huge loss during the swap.
Today weโre bringing forward an important proposal to effectively bring net emissions to zero for the foreseeable future.
This involves:
1. Pausing emissions from the Team Reserve indefinitely
2. Absorbing any team sales of vesting tokens in the Jupiter treasury
3. Postponing Jupuary indefinitely
4. Accelerating and offsetting Mercurial vesting
The decision lies with the DAO. Full calendar of events below