On this occasion, I actually wholeheartedly side with @PeterSchiff
Selling BTC to fund dividend payments on debt instruments Strategy created to produce cash to buy BTC is hilariously ironic at best and damning at worst.
Through greed and ignorance, Saylor's destroyed his common stock holder base through relentless ATM programs and created monthly debt liabilities that can now only be funded through selling BTC.
His latest announcement is nothing more than desperate back peddling to try and dupe prospective $MSTR buyers into providing fresh exit liquidity and propping up this failing "flywheel"
@saylor A bitcoin treasury company selling BTC to fund dividend payments on instruments it created to generate cash to buy BTC..?
Not sure that's how the "flywheel" was supposed to work.
You honestly can't make this shit up
How is Strategy "preserving Bitcoin exposure" when it's now openly committed to selling it?
Just seems like a last-ditch coping mechanism to backstop its failed preferred instrument experiment.
These were supposed to reduce pressure on the common stock holder and provide an alt way of raising capital to buy BTC. Instead, they've done the opposite.
Bitcoin's bull signal just turned green for the first time in two years.
In 2022 it was a false alarm — but in 2019 and 2023 it called the rally. History or repeat? 🤔
@hosseeb Mmm idk. A fiat currency-based system with a centralized issuer that has the ability to censor/freeze payments doesn't sound that cypherpunk to me
@coinbureau People are missing the bigger picture here. This is about radically shaking up the centralized banking system, and providing users with an alternative way to earn yield on their deposits, via a modern digital currency system that exists outside of traditional finance.
Saylor's Strategy buys $1.57B in Bitcoin. Metaplanet raises $531M. And Mastercard just spent $1.8B on a stablecoin firm.
Institutions aren't waiting around.
Dive in with @OllieLeeech 👇
🔥 The biggest macro week in months is here
Three central banks. One volatile backdrop
$BTC testing key support, equities under pressure, and stablecoin flows surging
Your Weekly Roundup w/ @OllieLeeech👇
Nasdaq just announced a partnership with Kraken to build a framework for tokenized stocks and ETFs, targeting a launch in early 2027.
The structure: 1-to-1 tokenized shares of Nasdaq-listed equities, with the same governance rights as traditional shareholders (voting, dividends, corporate actions). @Kraken handles global distribution, starting with Europe. Settlement moves to blockchain rails.
Kraken's xStocks platform has already logged $25B+ in transaction volume with $4B settled on-chain. This isn't a pilot. @Nasdaq is building on infrastructure that's already running.
The same week Kraken secured a Federal Reserve master account, becoming the first crypto firm with direct access to the Fed's core payment system. Two moves in seven days.
The TradFi vs. crypto debate is structurally over. The question now is what gets built on top.
LunarCrush is tracking massive social momentum on this story today, with posts surging across X from accounts ranging from @WSJ (90K engagements) to @coinbureau (77K engagements).
@ActuallyClimber@Croesus_BTC You're looking at the wrong metric. Bitcoin's daily trading volume is like $33B+ rn. A single $168M purchase isn't that much in the grand scheme, especially when BTC ETF's are bleeding out 100's of millions a day