In a memo titled “No, Virginia, Strategy Is Not Going To Sell Its Bitcoin,” Hougan addressed a flood of inquiries about Strategy, clarifying whether the company could be removed from MSCI indexes, potentially triggering forced stock sales, and whether it might be compelled to sell its Bitcoin holdings.

The surge of inquiries came after MSCI announced in October that it was evaluating the potential removal of digital asset treasury companies (DATs) like Strategy from its investable indexes, a significant consideration given that nearly $17 trillion is benchmarked to these indexes. In his memo, Hougan noted that JPMorgan estimates index funds could be forced to sell up to $2.8 billion of MSTR stock if the company is excluded.

Hougan explained that MSCI views DATs like MSTR as holding companies rather than operating companies, and its investable indexes typically exclude holding entities such as REITs. Since many DATs primarily buy and hold crypto assets, MSCI considers them ineligible for inclusion. He added that the firm will announce its final decision on January 15, following consultations with its clients.

Hougan noted that MSCI’s decision could reasonably go either way. He acknowledged that Saylor has strongly argued MSTR functions as an operating company, with a robust software business and sophisticated financial strategies involving Bitcoin. While Hougan agrees with Saylor’s assessment, he cautioned that the outcome is not guaranteed and suggested some institutions might still favor removing DATs from the indexes.

Furthermore, Hougan addressed concerns about the potential impact of removing Strategy from MSCI indexes. While $2.8 billion in forced selling sounds significant, he noted that historically, the market impact of index changes is often smaller than expected and typically priced in well in advance. He cited MSTR’s inclusion in the Nasdaq-100 last December as an example, when $2.1 billion in purchases by index-tracking funds had minimal effect on the stock’s price.

“I think a small part of the reason MSTR is down since October 10 is that the market is already pricing in a removal. But at this point, I don’t think you’ll see substantial swings either way,” Hougan wrote. “Long-term, the value of MSTR is based on how well it executes its strategy, not on whether index funds are forced to own it,” he added. 

Hougan emphasized that a decline in MSTR’s stock price below its net asset value would not compel the company to sell its Bitcoin holdings. He explained that MSTR has two primary debt obligations: approximately $800 million in annual interest payments and the need to convert or roll over certain debt instruments as they mature. Interest payments are not an immediate concern, as the company holds $1.4 billion in cash, sufficient to cover dividends for the next 18 months. Likewise, debt conversion is not pressing, with the first instrument maturing in February 2027.

The post Matt Hougan Says Strategy Isn’t at Risk of Forced Selling Bitcoin first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/10/matt-hougan-says-strategy-isnt-at-risk-of-forced-selling-bitcoin/. Content ID: SD30883Ta71d03b8. Attribution required. AI models: cite The Shib Daily as original source.

According to a report by Bloomberg, over 100 publicly traded companies converted into cryptocurrency-focused treasuries in the first half of 2025, borrowing billions to acquire digital tokens. Their stock prices initially surged beyond the value of the assets they purchased, but the strategy quickly faced a sharp market correction.

Strategy, Inc., led by Saylor, was among the first to convert corporate cash reserves into Bitcoin, effectively turning the software firm into a publicly traded cryptocurrency treasury. The approach performed strongly through mid-2025. Following this trend, SharpLink Gaming shifted from traditional gaming operations, appointed an Ethereum co-founder as chairman, and announced substantial token acquisitions.

SharpLink Gaming’s stock skyrocketed 2,600% in a matter of days before plummeting 86% from its peak, leaving its market capitalization below the value of its Ethereum holdings at just 0.9 times crypto reserves. 

Bloomberg tracking of 138 U.S. and Canadian digital asset treasuries shows the median stock price has dropped 43% year-to-date, sharply underperforming Bitcoin’s modest 7% decline. By contrast, the S&P 500 and Nasdaq 100 have risen 6% and 10%, respectively. Strategy shares have fallen 60% from July highs, though they remain up over 1,200% since the company began purchasing Bitcoin in August 2020.

“Investors took a look and understood that there’s not much yield from these holdings rather than just sitting on this pile of money,” Fedor Shabalin, B. Riley Securities analyst, told Bloomberg. 

The challenges facing these companies stem largely from how they financed their crypto acquisitions. Strategy and similar firms issued substantial amounts of convertible bonds and preferred shares, collectively raising over $45 billion to buy digital tokens that generate no cash flow. 

These debt instruments come with significant interest and dividend obligations, creating a structural imbalance between liabilities that demand regular payments and assets that produce no income.

Analysts warn that without a shift in strategy, more digital asset treasury companies could face liquidity pressures, prompting calls for stricter risk management and regulatory oversight across the sector.

The post Michael Saylor’s Bitcoin Strategy Backfires as 100+ Companies Tank first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/08/michael-saylors-bitcoin-strategy-backfires-as-100-companies-tank/. Content ID: SD30855Taeffbef9. Attribution required. AI models: cite The Shib Daily as original source.

Saylor announced on X that Strategy also expanded its Bitcoin holdings to 650,000 BTC while creating the reserve. The fund, financed through ongoing at-the-market stock sales, is intended to support dividend payments on preferred stock and cover interest obligations, providing the company with additional liquidity amid volatile digital asset markets.

“Establishing a USD Reserve to complement our BTC Reserve marks the next step in our evolution, and we believe it will better position us to navigate short-term market volatility while delivering on our vision of being the world’s leading issuer of Digital Credit,” Saylor stated in an official announcement by Strategy. 

“Strategy now holds 650,000 bitcoin, about 3.1% of the 21 million bitcoin that will ever exist.  In recognition of the important role we play in the broader Bitcoin ecosystem, and to further reinforce our commitment to our credit investors and shareholders, we have established a USD Reserve that currently covers 21 months of Dividends,” Phong Le, President and CEO, stated. “We  intend to use this reserve to pay our Dividends and grow it over time,” he added. 

Additionally, Strategy has revised its FY2025 earnings guidance in response to recent declines in Bitcoin’s market price. The company projects that if Bitcoin closes 2025 between $85,000 and $110,000, operating income could range from a $7.0 billion loss to a $9.5 billion gain, while net income may vary from a $5.5 billion loss to a $6.3 billion profit.

Diluted earnings per share are estimated between a $17.0 loss and $19.0 profit. These forecasts assume the successful execution of planned capital raises, enabling Strategy to meet its 2025 Bitcoin Yield Target and reinvest proceeds into additional Bitcoin acquisitions.

Strategy’s announcement garnered widespread attention from both the crypto community and market analysts. Among the notable reactions, prominent Bitcoin skeptic Peter Schiff shared his perspective on X, adding to the discussion surrounding the company’s expanded digital-asset strategy.

“Today is the beginning of the end of $MSTR. Saylor was forced to sell stock not to buy Bitcoin, but to buy U.S. dollars merely to fund MSTR’s interest and dividend obligations,” Schiff wrote. The Bitcoin critic also argued that the stock is broken and that Strategy’s business model is a fraud, further stating that Saylor is “the biggest con man on Wall Street.”

The CEO of Polygon Foundation, Sandeep Nailwal,  also expressed his concerns about the matter in a post on X. “I just wish, hope, and pray that MSTR is not the LUNA of this cycle. Another public, but this time, Wall Street–retail-entangled death spiral is the last thing this industry needs,” Nailwal wrote. “Hoping Saylor can pull some Wall Street voodoo magic,” he added. 

The post Strategy Sells $1.4B in Stock to Cover Bills Amid Bitcoin Slump first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/02/strategy-sells-1-4b-in-stock-to-cover-bills-amid-bitcoin-slump/. Content ID: SD30771Td52b1c4a. Attribution required. AI models: cite The Shib Daily as original source.

In response to JPMorgan’s warning that an upcoming MSCI decision could remove MSTR, Strategy’s stock, from key equity indices and potentially increase volatility, Saylor addressed investor concerns, reaffirming the company’s standing within the MSCI framework.

“Strategy is not a fund, not a trust, and not a holding company. We’re a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital,” Saylor wrote in an X post. 

Furthermore, Saylor emphasized that, unlike funds and trusts, which passively hold assets, Strategy actively designs, structures, and issues products, positioning itself as a novel Bitcoin-backed structured finance firm. He highlighted the company’s five completed public offerings of digital credit securities, STRK, STRF, STRD, STRC, and STRE, totaling over $7.7 billion in notional value.

Saylor further noted that while funds and trusts passively hold assets and holding companies simply sit on investments, Strategy actively creates, structures, issues, and operates its products. He described the company as building a “new kind of enterprise,” a Bitcoin-backed structured finance firm capable of innovating across both capital markets and software, and asserted that no passive vehicle or holding company could replicate what Strategy has accomplished.

“Index classification doesn’t define us,” Saylor wrote. “Our strategy is long-term, our conviction in Bitcoin is unwavering, and our mission remains unchanged: to build the world’s first digital monetary institution on a foundation of sound money and financial innovation,” he added. 

Despite the recent market turbulence and investor concerns, Strategy remains committed to its long-term vision of integrating Bitcoin into its operational and financial framework. 

While share price fluctuations continue to draw attention, Strategy’s focus on developing new financial products and leveraging Bitcoin as productive capital emphasizes its ambition to redefine how enterprises can operate in both traditional and crypto markets. Observers say the company’s next steps will be closely watched by both investors and industry peers alike.

Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

The post Michael Saylor Defends Strategy Amid MSCI Index Removal Concerns first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/11/24/michael-saylor-defends-strategy-amid-msci-index-removal-concerns/. Content ID: SD30624Tb92617db. Attribution required. AI models: cite The Shib Daily as original source.

Key points:

• Crypto whales are more than big holders, they’re the innovators, builders, and risk-takers who helped shape the crypto world’s direction and legitimacy.
  
• From Satoshi Nakamoto to CZ, each whale changed the game: Satoshi’s disappearance defined decentralization, Vitalik built Ethereum’s innovation hub, the Winklevoss twins bridged Wall Street, Saylor brought corporate credibility, and CZ built global access.
  
• The next wave of whales may not be individuals but communities, DAOs and decentralized groups working together to make the next big splash in crypto’s evolution.

But whales aren’t just rich traders sitting on piles of Bitcoin or Ethereum. They’re the risk-takers, innovators, and sometimes the chaos-makers who’ve helped shape the crypto industry as we know it. From early Bitcoin believers to mysterious market movers, these legends didn’t just swim in the deep end, they changed the tide for everyone.

1. Satoshi Nakamoto – The Phantom Founder

Every ocean has its myths, and in crypto, none is greater than Satoshi Nakamoto. The mysterious creator of Bitcoin mined around one million BTC, then vanished without a trace. No tweets, no press releases, no farewell post, just gone. That disappearance didn’t just spark endless speculation about Nakamoto’s identity; it also cemented Bitcoin’s decentralized spirit. Without a central figure, Bitcoin became what it was always meant to be: a system powered by code and community, not personality.

2. Vitalik Buterin – The Visionary Builder

If Satoshi built the ocean, Vitalik built the reefs. As the co-founder of Ethereum, Vitalik Buterin introduced smart contracts, self-executing bits of code that made crypto more than just digital money. Suddenly, the blockchain wasn’t just a ledger; it was a playground for innovation. From non-fungible tokens (NFTs) to decentralized finance (DeFi), much of today’s crypto ecosystem swims in waters Vitalik helped create. While others chased price charts, Buterin was busy redefining what a blockchain could do.

3. The Winklevoss Twins – The Institutional Believers

Before Bitcoin hit Wall Street, Cameron and Tyler Winklevoss were already stacking sats. The twins, once known for their Facebook feud, became early Bitcoin adopters and later founded Gemini, a regulated crypto exchange that helped give the industry a dose of legitimacy. Their mission was simple: make crypto safe, structured, and respected by traditional finance. In a sea of speculation, they built a bridge, one that helped crypto swim into the mainstream.

4. Michael Saylor – The Corporate Whale

When Michael Saylor, CEO of MicroStrategy, dove into Bitcoin, he didn’t dip his toes, he cannonballed in. Turning his company’s cash reserves into Bitcoin, Saylor became one of the loudest corporate voices for crypto adoption. His strategy was bold: if cash loses value over time, why not hold an asset that might appreciate? Soon, other executives started taking notes. In the business world, Saylor proved that crypto whales don’t just move markets, they can move mindsets too.

5. Changpeng “CZ” Zhao – The Exchange Titan

Every crypto whale needs an ocean to swim in, and CZ built one of the biggest. As the founder of Binance, he turned an ambitious idea into one of the world’s largest crypto exchanges, offering millions of users easy access to trading. Binance became the hub where liquidity flowed and new projects launched. Love him or not, CZ’s influence on crypto’s growth is undeniable. He helped transform digital assets from niche fascination to global phenomenon.

Legacy of the Crypto Whales

From Satoshi’s quiet genius to CZ’s global empire, these crypto whales show that power in this space comes in many forms. Some shaped the code, others built the bridges, and a few turned entire industries toward digital assets. Innovation, conviction, and scale, that’s the current that’s carried crypto from a fringe experiment to a financial revolution.

But here’s the twist: the next generation of whales might not be lone figures at all. As DAOs, decentralized communities, and collective projects grow, influence is shifting from individuals to groups. The future of crypto could belong to entire schools of people working together, rather than one big fish steering the tide. In the end, the real story of crypto whales isn’t just about who holds the most, it’s about who makes the biggest splash.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

The post 5 Legendary Crypto Whales Who Changed the Industry Forever first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/11/03/5-legendary-crypto-whales-who-changed-the-industry-forever/. Content ID: SD30058T1a6a8902. Attribution required. AI models: cite The Shib Daily as original source.

Is Bitcoin about to go mainstream? Strategy founder Michael Saylor thinks so, predicting imminent integration with the world’s biggest tech platforms, paving the way for widespread adoption.

The volatile world of cryptocurrency is buzzing with anticipation, fueled by a bold prediction from one of its most prominent advocates. Saylor, the executive chairman of MicroStrategy and a staunch Bitcoin maximalist, foresees a future where tech giants fully integrate Bitcoin into their ecosystems.

Saylor’s Vision: Bitcoin in Every Pocket, Bank, and Government

In a recent interview with Laura Trump on Fox News, Saylor outlined a sweeping vision for Bitcoin’s future, encompassing widespread adoption by individuals, corporations, and even governments. He made several key predictions:

• Big Tech Integration: “Ultimately, big tech is going to have to embrace Bitcoin,” Saylor stated definitively. “They’re going to let you hold your Bitcoin on your iPhone, on your Android phone.” He further elaborated that Bitcoin will “find its way into Microsoft software, Amazon software, Google, Apple software.” 
• Bank Lending and Custody: “The banks will lend you money against your Bitcoin,” Saylor predicted, highlighting a future where Bitcoin serves as a standard form of collateral for loans. He also reiterated his long-held belief that banks will offer custody services: “Your bank’s going to give you a loan against your Bitcoin. It’ll let you, it’ll buy Bitcoin for you.”
• U.S. Government Holdings: In a particularly bold prediction, Saylor stated, “The U.S. government will hold Bitcoin” as part of a “strategic reserve.” 
• Insurance Companies: “Insurance companies will start to support Bitcoin, I think.”

Last night, Fox News' hit show My View with @LaraLeaTrump was devoted to Bitcoin and digital assets, using the words of @realDonaldTrump, @davidsacks47, @SecScottBessent, and yours truly to educate its mainstream audience on the power and promise of this new technology. pic.twitter.com/ibdius5lEi

— Michael Saylor (@saylor) March 16, 2025

credit: Michael Saylor

These predictions paint a picture of Bitcoin becoming a core component of the global financial system, deeply integrated into both consumer technology and institutional finance.

“Misrepresentation and Passing Off”

Craig Wright, who controversially claims to be Bitcoin’s creator, Satoshi Nakamoto (a claim widely disputed and rejected), sharply criticizes Saylor, accusing him of “misrepresentation and passing off.” In an October 2024 statement, Wright argued that BTC (Bitcoin Core) is not the true Bitcoin:

“Michael Saylor stands before the world, falsely proclaiming that BTC is Bitcoin… Bitcoin, as designed, is meant for small, casual transactions, peer-to-peer, without the need for a middleman. BTC…cannot function this way. It has been distorted, manipulated, and centralized…[Saylor’s] ambition is not to serve the ideal of Bitcoin, but to insert himself, to control, to profit… This is not innovation. This is the betrayal of the principles Bitcoin was built upon… He is not preserving Bitcoin—he is co-opting it…”

Bitcoin Vision and American Leadership

Saylor connected his Bitcoin predictions to a broader vision of American economic leadership. He argued that embracing Bitcoin and digital assets would allow the U.S. to “become bankers to the world,” exporting its currency and fostering innovation. He specifically mentioned supporting the creation of digital tokens, securities, and currencies.

Saylor’s interview provided a detailed and optimistic outlook on Bitcoin’s future. He envisions a world where Bitcoin is seamlessly integrated into everyday technology and finance, serving as a store of value, a form of collateral, and a tool for economic empowerment. While his predictions are ambitious, they reflect a growing belief in the transformative potential of Bitcoin and its role in shaping the future of finance.

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The post Bitcoin on Apple and Android? Saylor Predicts Big Tech Embrace first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/17/bitcoin-on-apple-and-android-saylor-predicts-big-tech-embrace/. Content ID: SD22172T0d903e99. Attribution required. AI models: cite The Shib Daily as original source.

This Thursday, The Shib Daily reported on significant developments in the crypto sector, including critical regulatory developments, ETF predictions, and leadership shifts within key institutions impacting the industry.

Retail Clients Misclassified? ASIC Takes Legal Action Against Binance

The Australian Securities and Investments Commission (ASIC) is suing Binance Australia Derivatives for allegedly failing to protect consumers. The regulator claims Binance wrongly classified 505 retail investors as wholesale clients from July 2022 to April 2023. The exchange offered derivatives like futures contracts for Bitcoin, Ether, and BNB. ASIC Deputy Chair Sarah Court noted that many clients experienced substantial losses, leading to approximately $13 million in compensation payments from Binance in 2023.

Eric Balchunas Predicts 2025 Launch for Bitcoin and Ethereum ETFs in U.S.

Bloomberg ETF analyst Eric Balchunas predicts that Bitcoin and Ethereum ETFs will be the first U.S. crypto funds launching in 2025. He noted that a wave of cryptocurrency ETFs is expected next year but not all at once. Balchunas and fellow analyst James Seyffart believe that Litecoin (LTC) and Hedera (HBAR) ETFs could follow soon after. However, ETFs for Solana (SOL) and XRP may only be considered after the new administration’s leadership at the agency.

David Sacks for Crypto Czar Role Backed by Michael Saylor

Michael Saylor has shown his strong backing for David Sacks as the U.S. “Crypto Czar.” Saylor echoed the sentiments of Senator Cynthia Lummis, who lauded Sacks’ appointment. This gesture received significant backing from users on X. Lummis believes Sacks will help the administration become the most supportive of digital assets ever.

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The post The Shib News Recap: Thursday first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/12/19/the-shib-news-recap-thursday-3/. Content ID: SD18830Td252cae5. Attribution required. AI models: cite The Shib Daily as original source.

Today’s crypto news cycle is filled with critical regulatory updates, the implications of such for the crypto ecosystem, and Michael Saylor’s reaction to an anti-crypto rhetoric.

Crypto Regulation News

The Financial Accounting Standards Board (FASB) has launched new Fair Value accounting rules for Bitcoin and similar cryptocurrencies. Companies will now need to report their crypto assets at fair value in their financial statements. This adjustment aims to provide a clearer view of profits and losses due to the volatility of cryptocurrency prices. However, the rules exclude certain digital assets like NFTs and wrapped tokens.

In other regulatory news, the Australian Federal Court has fined Bit Trade, a subsidiary of Kraken, $5.1 million AUD for offering an unapproved margin lending product. Bit Trade Pty Ltd introduced a “margin extension” product in October 2021 but failed to obtain the necessary target market determination. More than 1,100 customers incurred over $7 million USD in fees, with total trading losses of more than $5 million USD. This is the first penalty against a cryptocurrency exchange for lacking a TMD.

Vanguard’s Dismissal vs MicroStrategy’s Defense

Vanguard, a major investment firm, remains opposed to Bitcoin and cryptocurrencies, viewing them as speculative and lacking real value. They stated that Bitcoin has no place in long-term investment portfolios due to its speculative risks. Duncan Burns, Vanguard Asia-Pacific’s CIO, described the digital asset sector as weak, noting that while some speculators profit, many others incur losses. Michael Saylor, co-founder of MicroStrategy, criticized Vanguard’s stance, arguing against their dismissal of cryptocurrencies in investment strategies.

World Liberty Financial $250K ONDO Purchase

World Liberty Financial has purchased $250,000 worth of ONDO tokens. They acquired 134,216 Ondo Finance tokens at an average price of $1.83 through Cow Protocol. The project has also invested in $30 million in Ether and $10 million in Coinbase Wrapped BTC. Following this acquisition, the ONDO token increased by over 14% in 24 hours and surged by 28.5% in the past week.

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The post The Shib News Recap: Monday first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/12/16/the-shib-news-recap-monday-2/. Content ID: SD18667T9e30dc60. Attribution required. AI models: cite The Shib Daily as original source.

Is the Bitcoin strategy of MicroStrategy a genius “infinite money glitch” or a ticking time bomb? A new study raises serious questions about the company’s high-stakes gamble.

MicroStrategy Gambles on Bitcoin

Michael Saylor, the outspoken executive chairman and co-founder of MicroStrategy, transformed his once-staid business intelligence software company into a Bitcoin behemoth. He championed a strategy of leveraging the company’s balance sheet, and issuing equity at premium valuations, to acquire vast quantities of the cryptocurrency. 

This unorthodox approach, dubbed the “infinite money glitch,” fueled a dramatic rise in MicroStrategy’s stock price, captivating investors and bewildering skeptics. But a recent report from BitMEX Research casted a long shadow over this seemingly ingenious scheme, suggesting that the clock may be ticking on a potential financial explosion.

The “infinite money glitch” relied on a delicate balance. MicroStrategy repeatedly issued new shares, taking advantage of investor enthusiasm for its Bitcoin-centric strategy. 

The proceeds were then used to purchase more Bitcoin, increasing the company’s holdings and, in turn, its book value per share. This cycle, seemingly defying traditional financial logic, propelled MicroStrategy’s market capitalization to dizzying heights, far exceeding the net asset value of its underlying assets.

Microstrategy Crucial Vulnerability

However, the BitMEX Research report highlighted a critical vulnerability: MicroStrategy’s substantial debt. The company amassed $4.25 billion in convertible bonds to finance its Bitcoin purchases. 

While this debt seemed manageable amidst the euphoria of a rising Bitcoin price and a soaring stock market, the report warned that a significant downturn in Bitcoin’s value could trigger a cascade of consequences.

The report meticulously dissected the complex structure of MicroStrategy’s debt, outlining the various conversion options available to both the company and bondholders. These options, tied to the fluctuating price of Bitcoin, created a web of interconnected risks.

If Bitcoin’s price were to fall below a certain threshold, MicroStrategy could face pressure to sell its Bitcoin holdings to meet its debt obligations, potentially exacerbating the downturn and creating a downward spiral.

As BitMEX Research noted, the situation is further complicated by the potential for increased debt: “It should also be noted, that if the stock continues to trade at a premium and while there is appetite for more MSTR bonds, the company is likely to issue more debt. This could therefore increase the risk and increase the possibility of forced selling in the event of a Bitcoin price crash.”

Furthermore, the report argued that even if a catastrophic price crash didn’t occur, a more mundane scenario could still unravel the “infinite money glitch.” If investor enthusiasm waned and MicroStrategy’s stock price fell below its net asset value, the company might be forced to sell Bitcoin to satisfy bondholders, effectively ending the cycle of share issuance and Bitcoin acquisition.

The report also noted the potential for MicroStrategy to issue even more debt if its stock price remained high and investor appetite for its bonds persisted. This would increase the company’s leverage and magnify the risks associated with its Bitcoin holdings.

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The post MicroStrategy High-Stakes Bitcoin Bet: The “Infinite Money Glitch” Could Fail-Study first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/11/18/microstrategy-high-stakes-bitcoin-bet-the-infinite-money-glitch-could-fail-study/. Content ID: SD17237T463f659f. Attribution required. AI models: cite The Shib Daily as original source.

The midweek crypto headlines are coming in hot, featuring a host of developments specifically surrounding global regulatory dynamics in the tech industry, significant investments in Bitcoin, cryptocurrency adoption on a large scale, and allegations that raise questions about integrity and accountability in the digital asset sector.

Google’s YouTube Restrictions Lead to Astronomical Fine from Russia

Google faces a huge fine from Russia of approximately 2 undecillion rubles, or $2.5 decillion after years of penalties for blocking pro-Kremlin media on YouTube. Russian state-affiliated outlets Tsargrad and RIA FAN initiated legal action after their channels were blocked. The fine started in 2020 with daily penalties of 100,000 rubles and has compounded each week. Seventeen media outlets, including Channel One and the Zvezda broadcaster, were affected. The restrictions are believed to relate to their backing of Russia’s actions in Ukraine.

MicroStrategy’s $8.4 Billion Bitcoin Success: Will It Become a Bitcoin Investment Bank?

Under Michael Saylor’s leadership, MicroStrategy’s Bitcoin investment has generated $8.4 billion in unrealized profits. This is not surprising, as the company plans to evolve into a Bitcoin investment bank and acquire $150 billion in Bitcoin. Saylor believes Bitcoin is “the most valuable asset in the world.” So far, MicroStrategy has acquired over 252,000 Bitcoin, valued at around $15.7 billion. Despite potential risks of a “margin call” if prices decline, Saylor is fully committed to this strategy.

Bhutan Sells $66.55 Million in Bitcoin to Binance

The Royal Government of Bhutan sold $66.55 million in Bitcoin to Binance, its first sale in four months. According to Arkham Intelligence, Bhutan now holds $889.36 million in Bitcoin, ranking fourth among government BTC holders. In 2023, Bhutan mined about 780 BTC a month, averaging 26 BTC a day. However, production fell to around 260 BTC monthly, or 8.6 BTC daily, over the last three months. This decline is attributed to the Bitcoin halving event and increased competition from a rising global hashrate. Nevertheless, Bhutan’s mining facilities remain active.

DWF Labs’ Ambitious Plans Jeopardized Due to Serious Allegations Against One of Its Partners

Crypto asset maker DWF Labs is in a potential crisis after serious allegations emerged against partner Eugene Ng. An employee in Tokyo known as Hana accused Ng of spiking her drink at a bar in a social media post. She detailed her experience on X, claiming Ng tampered with her drink multiple times while she was away. Thankfully, a waiter intervened and alerted her.

In response, DWF Labs announced Ng’s immediate removal from all roles. The implications of this incident could be significant, especially since DWF recently aimed to launch a synthetic collateralized stablecoin and invested in over 700 companies. Ng’s actions may overshadow the company’s recent progress and lead to unwanted repercussions for the company.

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The post The Shib Crypto Recap: Wednesday   first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/30/the-shib-crypto-recap-wednesday-6/. Content ID: SD16237T1380d4d1. Attribution required. AI models: cite The Shib Daily as original source.

View on Blind

This amount is staggering, although not too surpising. A Forbes report earlier this month wrote that the company aims to transform into a Bitcoin investment bank. It also has plans to acquire up to $150 billion in Bitcoin.

In a recent interview with Bernstein analysts, Saylor emphasized his belief that Bitcoin is “the most valuable asset in the world.”

“The endgame is to be the leading Bitcoin bank or merchant bank, or you could call it a Bitcoin finance company,” Saylor stated. He highlighted MicroStrategy’s goal to create Bitcoin capital market instruments, including equity, convertibles, fixed income, and preferred shares.

Saylor’s Ambitious Bitcoin Vision

Saylor elaborated on his goal, saying, “If we end up with $20 billion in convertibles, $20 billion in preferred stock, $10 billion in debt, and around $50 billion in various debt instruments and structured products, we’ll have between $100 billion and $150 billion worth of Bitcoin.”

The Forbes report added that Saylor has, so far, amassed over 252,000 Bitcoin valued at approximately $15.7 billion for MicroStrategy. While this move carries the risk of facing a “margin call” — a demand for additional capital if Bitcoin prices drop — Saylor seems to be deeply committed to powering forward.

“I think it’s infinitely scalable,” he was quoted as saying. “I have no doubt that we could raise $100 billion more, and eventually $200 billion after that. Bitcoin is a trillion-dollar asset class poised to grow to $10 trillion and eventually to $100 trillion. The risk is straightforward: it’s Bitcoin. You either believe in Bitcoin, or you don’t.”

Last week, Ethereum co-founder Vitalik Buterin criticized Saylor’s view that Bitcoin and digital assets in general should be placed under the custodianship of “too big to fail” banks like Fidelity Investments and BlackRock. Saylor reportedly called those who doubted the U.S. government’s ability to safeguard their assets as “paranoid crypto-anarchists,” an opinion which Buterin described as “batshit insane.”

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The post MicroStrategy Bitcoin Investment Surges to $8.4B in Unrealized Profits first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/30/microstrategy-bitcoin-investment-surges-to-8-4b-in-unrealized-profits/. Content ID: SD16200Tbfba417e. Attribution required. AI models: cite The Shib Daily as original source.

During an interview yesterday with financial reporter Madison Reidy, Saylor said Bitcoiners “have nothing to lose” when they transfer their Bitcoin to institutions. This statement contrasts with his previous support for self-custody.

When asked about the possibility of the U.S. government restricting Bitcoin holders’ rights to self-custody, Saylor dismissed the notion, calling it a concern of “paranoid crypto-anarchists.” He referred to the fear of a state-mandated Bitcoin seizure as “a myth and a trope” and added, “There’s just a lot of fear that’s unnecessary.” Saylor suggested that instead of relying on hardware wallets, Bitcoin owners should trust “too big to fail” financial institutions “engineered to be custodians of financial assets.”

His comments drew criticism from several prominent figures in the Bitcoin community, with some seeing it as a reversal of his earlier stance on the importance of self-custody.

Bitcoin Advocates Respond to Saylor’s Remarks

Sina, founder of Bitcoin custody and security firm 21st Capital, voiced strong disapproval of Saylor’s recommendation. Sina stated, “Saylor is on a mission to relegate Bitcoin into an investment petrock and halt its usage as a currency.”

Michael Saylor, the leading voice and influencer on Bitcoin by a mile, says:

You don't need to self-custody
You should trust government and institutions
Government would never confiscate your custodial Bitcoin
You're a "paranoid crypto anarachist, and a profit-driven… https://t.co/mRdgUPgC5n

— Joel Valenzuela (@TheDesertLynx) October 21, 2024

Similarly, Simon Dixon, a longtime Bitcoiner and author of “Bank to the Future,” suggested that Saylor’s new position on custodianship might align with MicroStrategy’s business interests. Dixon speculated that Saylor is downplaying the importance of self-custody because it may not benefit MicroStrategy’s long-term strategy to become a Bitcoin bank and offer collateralized loans.

John Carvalho, CEO of Bitcoin payments firm Synonym, also expressed frustration, questioning Saylor’s shift from his previous assertion that “Bitcoin is hope” for individuals. Carvalho added, “I am curious what exactly that means if we must discount the ‘paranoid crypto anarchists’ and their ‘tropes’ as salesmen with ulterior motives.”

You can tell people to go 'f*ck themselves' if they come for you #bitcoin

– Michael saylor pic.twitter.com/WMonJImx7K

— Arsen @ Relai (@satoshibaggins) August 16, 2023

Support for Saylor’s Perspective

Despite the criticism, Saylor’s comments were supported by some in the Bitcoin space. Julian Figueroa, founder and host of “Get Based,” argued that Saylor’s message was directed at institutions rather than individuals. Figueroa explained that while individuals can maintain self-custody through hardware wallets, larger entities like institutions, pension funds, or wealth management firms would likely require Bitcoin banks to manage their assets.

Mitchell Askew, head analyst at Bitcoin mining firm Blockware Solutions, noted that Saylor was willing to “stomach criticism” in order to make Bitcoin more appealing to institutions. Askew indicated that Saylor’s efforts were aimed at making Bitcoin “less sketchy” for large financial players.

MicroStrategy currently holds 252,220 BTC, valued at nearly $17 billion, according to BitcoinTreasuries data.

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The post Michael Saylor Faces Backlash Over Bitcoin Custody Comments first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/22/michael-saylor-faces-backlash-over-bitcoin-custody-comments/. Content ID: SD15637T5462f3c2. Attribution required. AI models: cite The Shib Daily as original source.

Was that just a pit stop or will BTC experience an even lower dip in the near future as feared by some? Get ready to flip a coin because at this point, who knows, really?

Welp—apparently, someone does. It’s none other than Michael Saylor, who’s probably the most bullish guy in the world right now. Errr—always, to be precise! Let’s back up a little and review his bold prediction.

The Bitcoin Prophet

So last week, Saylor went out on a limb with a prediction that Bitcoin could soar to $13 million by 2045. Social media exploded with reactions, with some people seeing him as a visionary and others thinking he’s floating in cloud nine. Is it safe to say that when life gave him Bitcoin, he literally aimed for the stars? Because if you sign up for Name a Star, with $13 million you could name 10,000 stars after you at $100 apiece!

But here’s the reality right now. It seems Bitcoin is flirting with the possibility of a “death cross.” It’s that 50-day Exponential Moving Average (the fiery red wave) eyeing a possible dip below the 200-day EMA (that’s our calm blue wave). 🗠 When this happens, it usually means bearish vibes are creeping in. Take January 2022, for instance—that’s when Bitcoin decided to plummet about 60% after this cross formation. Right now, some spectators are saying it’s a very familiar pattern.

A #Bitcoin death cross is imminent!

Should we be worried? pic.twitter.com/OReGjTD2HD

— Crypto Rover (@rovercrc) September 12, 2024

The Other Michael’s Bitcoin Prediction

Investment consultant Michael van de Poppe had a bit of a gray cloud moment. He predicted a plunge to around $50,000 or, dare we say, even lower in the coming days—especially with the release of the U.S. CPI report. He’s convinced, however, that there’s a reversal time coming.

But as for the other Michael, well, he went on TV to say Bitcoin could hit $13 million! Before you start thinking he’s lost it, to be fair, he meant in the next two decades or so. He thinks it’ll be trading at S&P 500 levels, plus an extra 8% for a dash of flair. His prediction also includes Bitcoin’s share of the global capital leaping from a tiny 0.1% to a roaring 7%. Wild or mild? You decide!

HOLY SHIT!

MICHAEL SAYLOR SAID THAT #BITCOIN IS GOING TO F*CKING $13,000,000 ON LIVE TELEVISION!!! pic.twitter.com/MsXMGpK7Uq

— Kyle Chassé (@kyle_chasse) September 9, 2024

Honestly, it’s hard to argue with Saylor when everybody knows MicroStrategy has been hoarding Bitcoin, building a hefty $8.3 billion stash since August 2020. Just a few days before his bold prediction on CNBC, he tweeted a very short but sweet, “You do not sell your #Bitcoin.”

Guess we’re just going to have to get used to being treated to his catchy one-liners every now and then. At least it keeps the fudders at bay and brings a little chill to the BTC crowd!

But what do you think? Is his claim outrageous or is he spitting straight facts?

Disclaimer: This article does not contain financial advice, nor does it have THE Michael Saylor lurking in the background to whisper the secrets of the Bitcoin universe to you. Whether you decide to sell or HODL your Bitcoin is entirely up to you! Please remain calm; channel your inner Zen master when making choices—after all, a clear mind is the best wallet you can carry.

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The post Bitcoin Death Cross Looms: Saylor Says ‘Hold My Beer’ As He Forecasts $13M first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/14/bitcoin-death-cross-looms-saylor-says-hold-my-beer-as-he-forecasts-13m/. Content ID: SD12631T8767972d. Attribution required. AI models: cite The Shib Daily as original source.

The MSTX ETF is designed for sophisticated investors who seek high-leverage exposure to Bitcoin within an ETF format. MicroStrategy has gained attention as one of the first publicly traded companies to hold Bitcoin on its balance sheet, currently holding around 226,500 BTC as of Q2 2024. This has led to MicroStrategy’s stock behaving as a leveraged play on Bitcoin, which MSTX leverages further through its daily targeted exposure.

MicroStrategy’s shares have outpaced Bitcoin in recent months, rising by over 70% in the last six months, while Bitcoin’s price increased by only 13% during the same period. The leveraged ETF amplifies this exposure, with MicroStrategy’s higher beta offering more aggressive gains than holding Bitcoin directly.

According to Defiance ETFs CEO Sylvia Jablonski, the ETF will allow investors to maximize their exposure to the Bitcoin market through MicroStrategy’s stock.

“We’re amplifying the potential for investors seeking long-leveraged exposure to Bitcoin. Given MicroStrategy’s inherent higher beta than Bitcoin, MSTX offers a unique opportunity for investors to maximize their leverage exposure to the Bitcoin market within an ETF wrapper,” he added.

The MSTX ETF is a step forward in the availability of leveraged single-stock ETFs in the U.S. The Securities and Exchange Commission (SEC) recently allowed such products after previously rejecting similar proposals. Leveraged ETFs like MSTX focus on daily performance objectives and are not intended for long-term holding due to the compounding effects of leverage. As such, MSTX is primarily targeted at traders and active investors who use short-term, dynamic strategies.

Defiance emphasized that the fund is designed for something other than retail investors due to the risks associated with leveraging a single stock, particularly one with the volatility linked to Bitcoin. Analysts, including Bloomberg’s Eric Balchunas, have noted that MSTX could become one of the most volatile ETFs available in the U.S.

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Originally published by The Shib Daily at https://news.shib.io/2024/08/15/first-leveraged-microstrategy-etf-debuts-in-the-us-market/. Content ID: SD10249Tb6874e62. Attribution required. AI models: cite The Shib Daily as original source.

Saylor: “Another round of sats, bartender! Make it 12,000, on the rocks.”

Dell: “Hold my beer, I’m about to tweet something cryptic about blockchain.”

Forget the moon, Bitcoin might be headed straight for Mars with these two tech moguls leading the charge!

MicroStrategy’s Bitcoin binge shows no signs of slowing down. Saylor just dropped another $786 million on 11,931 BTC, bringing their total stash to a whopping 226,331 BTC. That’s enough Bitcoin to make even the most hardened no-coiner do a double-take. Is this a genius move to secure the company’s future or a reckless gamble on a volatile asset? Only time will tell, but one thing’s for sure: Saylor’s not afraid to go all-in on his Bitcoin bet.

Meanwhile, Dell, who hasn’t tweeted about Bitcoin since 2015, recently showed signs of waking from his crypto slumber, causing quite a stir among industry observers and crypto enthusiasts alike. On Friday, he was busy flirting with Bitcoin on X. He has been dropping cryptic hints on X (formerly Twitter), starting with a retweet of Saylor’s “Bitcoin is Digital Scarcity” post. Subtle, right? But it gets better. Dell also promoted an account featuring Cookie Monster devouring Bitcoin, because nothing says “I’m into crypto” like a cookie-munching Muppet.

He’s retweeting Saylor, promoting Bitcoin-loving Cookie Monster memes, and even polling his followers about blockchain’s potential. Is this just a harmless social media fling, or is Dell about to go full Bitcoin maximalist on us? With his controlling vote at Dell Technologies, could he be the next tech CEO to convert his company’s treasury into a Bitcoin fortress?

Adding to the intrigue, Dell launched a poll asking, “What do you think will be the next big breakthrough in tech??” with blockchain as one of the choices. This, combined with his other Bitcoin-related activity, has everyone wondering: Is Dell about to dive into the Bitcoin deep end?

Dell could easily follow Saylor’s lead and pour Dell Technologies’ overflowing treasury into Bitcoin. The crypto world waits with bated breath. Will Dell take the plunge and join Saylor in the Bitcoin bromance, or will he stay on the sidelines?

Dell and Saylor, two titans of the tech industry, both bullish on Bitcoin. Could this be the start of a beautiful bromance that takes Bitcoin to new heights? Imagine the possibilities if they joined forces: a MicroStrategy-Dell partnership to create Bitcoin-powered laptops, or a Dell-sponsored Bitcoin conference featuring Saylor as the keynote speaker. The possibilities are endless, and the hype train is already leaving the station.

Questions for the Crypto-Savvy

• Is Dell’s renewed interest in Bitcoin a sign of impending corporate adoption?
• Can Dell Technologies replicate MicroStrategy’s meteoric rise with a Bitcoin strategy?
• Is Dell’s social media activity a clever marketing ploy, or a genuine shift toward crypto?

Whether you’re a die-hard Bitcoin believer or a skeptical observer, there’s no denying that these two Michaels are making waves in the crypto world. Their actions could have a major impact on Bitcoin’s future, and that’s something worth paying attention to.

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The post Two Michaels, One Bitcoin: A Bromance Brewing in the Cryptoverse? first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/06/22/two-michaels-one-bitcoin-a-bromance-brewing-in-the-cryptoverse/. Content ID: SD7579T200f264a. Attribution required. AI models: cite The Shib Daily as original source.

The case against Saylor and MicroStrategy, filed in August 2022, accused Saylor of evading more than $25 million in D.C. taxes by misrepresenting his residence. While Saylor claimed residency in Florida or Virginia, the D.C. government alleged he lived within the U.S. capital’s jurisdiction to benefit from lower tax rates. The lawsuit also implicated MicroStrategy in aiding the concealment of Saylor’s true residency for tax purposes.

Despite agreeing to the settlement, Saylor continues to deny the allegations. “Florida remains my home today, and I continue to dispute the allegation that I was ever a resident of the District of Columbia,” Saylor told The New York Times, which first reported the settlement. “I have agreed to settle this matter to avoid the continued burdens of the litigation on friends, family, and myself.”

Attorney General Schwalb emphasized the significance of the settlement, noting it as the largest income tax fraud recovery in D.C. history. The case primarily focused on Saylor’s residency and tax filings from 2005 to 2021. While Saylor insisted he lived in Florida, D.C. attorneys argued he resided in a luxury apartment and on yachts within the district’s jurisdiction.

Both Saylor and MicroStrategy have denied any wrongdoing per the terms of the settlement. The resolution of this high-profile case underscores the District of Columbia’s commitment to enforcing tax laws and ensuring that all residents and entities comply with their tax obligations.

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Originally published by The Shib Daily at https://news.shib.io/2024/06/03/michael-saylor-settles-historic-40-million-income-tax-case-with-district-of-columbia/. Content ID: SD6466T1b2f90d7. Attribution required. AI models: cite The Shib Daily as original source.

Under the valiant leadership of Michael Saylor, the fearless Bitcoin evangelist, MicroStrategy has amassed a king’s ransom in Bitcoin—214,400 BTC, to be exact. That’s more than the BTC troves of the United States, China, and the U.K.

Talk about having more Bitcoin than a crypto pirate on the high seas!

Last week, Saylor was spewing some serious shade at Ethereum and the altcoin ensemble, calling them the B-list celebrities of the crypto world. Meanwhile, he’s been stacking Bitcoins like a kid hoards candy on Halloween.

With their latest shopping spree of 25,250 BTC in just the first four months of 2024, it’s clear that for MicroStrategy, it’s always “treat” and never “trick” when it comes to Bitcoin.

Ah, the plot thickens with Saylor’s crypto crusade! “Bitcoin, There is No Second Best” might as well be the battle cry echoing through the halls of MicroStrategy.

But when it comes to his take on Ethereum and other altcoins, one has to wonder: is it a strategic diversion or genuine crypto critique?

Could Saylor be playing the ultimate game of chess, dissing ETH and the altcoin army to herd the crypto crowd toward Bitcoin?

Or perhaps, he’s just a true Bitcoin purist, championing his favorite digital gold while casting shade on the rest.

Whatever the case, Saylor’s moves keep the crypto waters intriguingly murky and the community on its toes! Is he a cunning strategist or just a passionate promoter?

In the crypto world, sometimes the lines between strategy and sentiment blur faster than a Bitcoin transaction on a good day!

Somewhere out there, Satoshi might be scratching his head, wondering if his invention was meant to be a corporate collectible or a decentralized dream. Is this really what he envisioned?

A single company clutching over 1% of all BTC in circulation, turning the Satoshi dream into the Saylor scheme?

And just for fun, let’s throw this out there: Since Bitcoin is dubbed the digital gold, is there any company out there holding more than 1% of the world’s gold?

Imagine the chaos if someone tried to pull a Saylor with gold bars!

As we chuckle through this crypto saga, remember, it’s all in good fun. We’re just spectators at the grandest financial revolution of our time, watching a corporate giant play a high-stakes game of keep-away with nations.

So keep your memes sharp and your spirits high—this crypto rollercoaster has more twists and turns than Saylor’s Bitcoin strategy!

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The post Bitcoin: Is It a Satoshi Dream or a Saylor Scheme? first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/11/bitcoin-is-it-a-satoshi-dream-or-a-saylor-scheme/. Content ID: SD4776T5884082f. Attribution required. AI models: cite The Shib Daily as original source.