gm CT frens.
woke up to another defi exploit. that’s 2 days in a roll.
a wallet connected to @Humanityprot got drained. about $32 millions gone. in response, $H dumped over 85%.
$H pumped 380%+ in May alone. only to wipe it out in 1 day.
i hope you weren’t affected?
@JontiSaha@Humanityprot that’s true, Binance & DEXs are lower (0.08) while ByBit & MEXC are the highest (0.14)
good arbitrage opportunity but i bet most CEXs must’ve restricted withdrawals due to low liquidity
- Sold 32 BTC before the dump.
- Bought 1,550 BTC after the dump at a discount.
People still don’t get it. The whole idea behind Saylor’s strategy is to raise capital to buy more Bitcoin. 👇
not sure why my blue tick hasn’t reflected even tho i subbed it since yesterday.
ama just post threads since i can’t post long form atm.
y’all bear with me. <3
Raise capital (equity) → Buy BTC → BTC appreciates → Raises more capital → Buy more BTC
Selling is part of that loop, not a break in it.
And Saylor just proved it again by scooping 1,550 BTC on the dip (nearly 50x what they sold)
Clearly, the machine is still running.
- Sold 32 BTC before the dump.
- Bought 1,550 BTC after the dump at a discount.
People still don’t get it. The whole idea behind Saylor’s strategy is to raise capital to buy more Bitcoin. 👇
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H
But BTC is also one of the most liquid assets on their balance sheet, so whenever they need cash for obligations like preferred dividends, they can sell a small amount without hesitation.
That’s not bearish. That’s the machine working.
The flywheel looks like this:
Nailed it. $HYPE
Eyes on $WLD 1H now.
I’m watching last week range on $BTC, expecting it to trade towards previous week mid ($66K) first, and then previous-week high (74K)
Let’s see.👀