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.

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.

Today’s climate of cryptocurrency news is marked by regulatory shifts and concerns about the long-term prospects of Bitcoin. In tandem, institutional attitudes toward cryptocurrency are becoming increasingly nuanced. Meanwhile, the NFT space is not to be overlooked, as recent updates illustrate both challenges and opportunities that artists and collectors face. Collectively, these themes are steering public discourse and investment strategies within the cryptocurrency sector.

Stronger Crypto Oversight in South Korea

South Korea is imposing stricter rules on cryptocurrencies. Exchanges can now freeze transactions and seize digital assets from users who owe taxes. A new addition to the Virtual Asset User Protection Act gives them this power to stop deposits and withdrawals instantly. This measure addresses fears of fraud and illegal activities. The Financial Supervisory Service supported this request for quick action but insisted that prior notice should usually be given. Exchanges need to assess each situation’s urgency before deciding to implement a freeze without notifying users.

MicroStrategy’s $4.25 Billion Gamble

Michael Saylor’s strategy at MicroStrategy has transformed the firm into a leading Bitcoin player by using its balance sheet and issuing equity at high valuations. This unconventional gamble has increased stock value and is dubbed the “infinite money glitch.” Yet, a new report from BitMEX Research raises concerns. It points out MicroStrategy’s $4.25 billion in convertible bonds, which could pose a risk if Bitcoin’s price declines. Should that happen, the company may need to sell its Bitcoin assets to meet debt obligations, potentially leading to a chain reaction of financial troubles.

Warren Buffett’s Paradox as an Anti-Crypto Investor in a Crypto-Friendly Firm

Warren Buffett, famous for his negative stance on cryptocurrencies, has invested significantly in Nubank, a Brazilian fintech firm that is now pushing into the crypto space. This week, Nubank introduced a Bitcoin-to-USDC swap feature, allowing customers to exchange various cryptocurrencies for USDC, a dollar-pegged stablecoin. This platform provides lower fees than conventional fiat transactions and addresses consumer demand for effective crypto trades. Nubank’s initiative sharply contrasts with Buffett’s firm views, as he has openly criticized Bitcoin, calling it “probably rat poison squared,” and denounces cryptocurrencies as speculative assets lacking fundamental value.

Overwhelming New NFT Launches Meet Dismal Profit Rates

The NFT market is facing a crisis, with 98% of new projects launched in 2024 failing to gain traction, according to a study by NFTEvening and Storible. Oversaturation and declining prices are contributing to low investor engagement and skepticism about the future of NFTs. In a review of 29,079 collections, only 0.2% turned a profit, and most experienced severe price drops, with 98% decreasing by 50% within three days. An average of 3,635 projects launched each month, yet 64% received fewer than 10 mints, and almost all had fewer than 10 trades in their initial week. A striking 84% of drops peaked at their mint price, showing no value increase. Despite these grim statistics, there was a noticeable rise in overall NFT trading, with weekly sales hitting $181 million. To thrive in this environment, projects must prioritize community building and offer real utility instead of mere speculation.

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

Originally published by The Shib Daily at https://news.shib.io/2024/11/18/the-shib-crypto-recap-monday-5/. Content ID: SD17335Tf5c0ff04. 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.

Genius Group Limited has revealed its new “Bitcoin-first” strategy, with plans to commit 90% or more of its reserves to Bitcoin as its primary treasury asset.

Following a recent Board restructuring to include blockchain and Web3 experts, the education-focused AI company said it will utilize a $150 million funding facility to begin purchasing $120 million in Bitcoin, positioning it as a core reserve holding.

Genius Group also plans to integrate Bitcoin payments on its Edtech platform and launch a Web3 Wealth Renaissance education series, aimed at preparing students for a decentralized, blockchain-driven economy. Director Thomas Power emphasized the firm’s belief in Bitcoin as a “primary store of value,” inspired by similar strategies at companies like MicroStrategy.

The Singapore-based company, which benefits from a 0% capital gains tax, views this shift as a long-term strategy to enhance its balance sheet and create shareholder value. Director Ian Putter highlighted the opportunity for future capital and earnings to support the Bitcoin-first approach, setting Genius Group apart on the NYSE American.

CEO Roger Hamilton stated that the strategy aligns with the company’s ongoing fight against market manipulation. Genius Group is pursuing litigation for alleged damages of over $250 million, which Hamilton believes has significantly impacted the company’s stock price. By fully embracing blockchain and Bitcoin, he hopes to realign Genius Group’s market value with its reported 2023 revenue of $23 million and total assets of $43 million.

Genius Group will discuss its new approach in depth at a GeniusLIVE podcast featuring Hamilton, Power, and Putter on Tuesday, November 19.

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Vanessa 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 Daily is an official media and publication 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 Genius Group Goes ‘All-In’ on Bitcoin, Eyes $120M Crypto Reserve first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/11/14/genius-group-goes-all-in-on-bitcoin-eyes-120m-crypto-reserve/. Content ID: SD16970Td8f7aef9. 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.

Latest Bitcoin Purchase Details

Metaplanet confirmed that it spent approximately $6.7 million (1 billion yen) to acquire 106.976 Bitcoin at a price of $62,520 per coin. This price was 5.8% below the market rate of $66,200 at the time of the transaction.

This latest acquisition follows a series of Bitcoin purchases made earlier in October. Metaplanet acquired 109 Bitcoin on October 11 and 108.8 Bitcoin on October 7. In addition, the company purchased 132 Bitcoin in two separate transactions on October 1 and 3, according to Bitcoin Treasuries data.

The total amount Metaplanet has spent on Bitcoin now stands at $53.2 million, covering the cost of its 855 BTC. The company has gained 5.4% on its Bitcoin investments thus far.

Following the announcement, the firm’s stock was trading at 1,105 yen ($7.38) on the Tokyo Stock Exchange before the midday break on October 15. According to Google Finance data, this represents a 15.7% increase from its previous close on October 14. Since the firm introduced its Bitcoin investment strategy in early April, its stock price has increased by 480%.

Metaplanet has expanded its Bitcoin investments through several purchases, notably acquiring an undisclosed amount on October 11 and 108.8 BTC on October 7. Additionally, the firm bought 132 Bitcoin in two separate deals on October 1 and 3, effectively doubling its Bitcoin assets during this period.

Metaplanet’s CEO, Simon Gerovich, has stated that the company’s Bitcoin strategy is influenced by MicroStrategy’s investment model, led by Michael Saylor. MicroStrategy, which holds over 252,000 Bitcoin, is known for its significant Bitcoin investments.

In August, Metaplanet took out a $6.8 million loan from one of its shareholders to fund additional Bitcoin purchases. According to data from the Bitcoin Treasuries, the company’s Bitcoin holdings are now the 23rd largest among public firms.

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The post Metaplanet Boosts Bitcoin Holdings by 107 BTC, Stock Jumps 15.7% Overnight first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/15/metaplanet-boosts-bitcoin-holdings-by-107-btc-stock-jumps-15-7-overnight/. Content ID: SD15189Te13d9e68. Attribution required. AI models: cite The Shib Daily as original source.

The company will offer the notes privately to qualified institutional buyers under Rule 144A of the Securities Act of 1933. It may grant initial purchasers an option to buy up to an additional $105 million in notes within 13 days of the initial offering.

“The notes will be unsecured, senior obligations of MicroStrategy and will bear interest payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2025. The notes will mature on September 15, 2028, unless earlier repurchased, redeemed or converted in accordance with their terms” it said in a press release.  

MicroStrategy Convertible Senior Notes Offering and Redemption Plans

MicroStrategy also offers the option to redeem the notes for cash starting December 20, 2027. If the only part of the notes will be redeemed, at least $75 million must remain outstanding. 

Holders can require MicroStrategy to repurchase the notes for cash on September 15, 2027. The notes are convertible to cash, to shares of the company’s Class A common stock, or a combination of both. Before March 15, 2028, however, conversion will only possible under specific conditions. After this date, conversion can occur at any time up to the maturity date.

“MicroStrategy intends to use the net proceeds from this offering to redeem all the $500 million outstanding aggregate principal amount of MicroStrategy’s 6.125% Senior Secured Notes due 2028 and to use any balance of the net proceeds to acquire additional bitcoin and for general corporate purposes,” it added. 

On September 16, MicroStrategy issued a redemption notice for the said Senior Secured Notes, which is set to happen on September 26 this year at 103.063% of the principal amount, plus accrued interest. This redemption is contingent on the completion of the new note offering. Upon redemption, MicroStrategy will release approximately 69,080 Bitcoins securing the Senior Secured Notes.

The new notes will then be sold to institutional buyers and are not registered under the Securities Act or other securities laws. They cannot be offered or sold in the U.S. without registration or an exemption. Interested parties will receive a private offering memorandum detailing the terms.

Social Media Reactions

Michael Saylor (@saylor) on X talked about this move. His post got him a chain of reactions from people mostly in agreement.  

MicroStrategy Announces Proposed Private Offering of $700M of Convertible Senior Notes $MSTR https://t.co/OCq7wj2u0P

— Michael Saylor (@saylor) September 16, 2024

On a related note, a X user called Sir William of Rotherham wrote that as per previous records, the cycle’s all-time high (ATH) is projected to be reached in 389 days, on October 10, 2025. At that time, the Bitcoin price is expected to reach $341,728, based on the current price of $58,018 multiplied by 5.89.

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The post MicroStrategy Plans $700 Million Convertible Note Offering first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/17/microstrategy-plans-700-million-convertible-note-offering/. Content ID: SD12812Tba42816a. 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.

In its Form 8-K filing with the United States Securities and Exchange Commission (SEC), MicroStrategy said that the purchase was worth $1.11 billion for an average price of $60,408 per Bitcoin, including expenses and fees. The company has been consistently expanding its Bitcoin holdings since its first purchase in Aug.11, 2020.

MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per #bitcoin and has achieved BTC Yield of 4.4% QTD and 17.0% YTD. As of 9/12/2024, we hodl 244,800 $BTC acquired for ~$9.45 billion at ~$38,585 per bitcoin. $MSTR https://t.co/WBBRSKxA1U

— Michael Saylor (@saylor) September 13, 2024

With this latest acquisition, the company’s total Bitcoin holdings now stands at approximately 244,800 BTC, currently valued at around $14.14 billion. It also noted in its filing that the average purchase price for its Bitcoin acquisitions since August 2020 stands at $38,585 per BTC, with a total investment of around $9.45 billion. “We continue to believe that Bitcoin will be a significant driver of value for MicroStrategy,” the company has previously stated in its communications.

The funds used for the recent Bitcoin purchase were raised through the sale of MicroStrategy’s company shares. In Aug. 1, MicroStrategy entered into a sales agreement with several financial institutions, allowing it to sell “an aggregate of 8,048,449 shares,” as noted in the SEC filing. By Sept. 12, it had reportedly raised approximately $1.11 billion.

The capital raised was directly allocated to expanding the company’s Bitcoin holdings. “The proceeds from the sale of our Class A common stock under the Sales Agreement will be used for general corporate purposes, including the acquisition of Bitcoin,” the company underlined in its filing. This approach aligns with its ongoing strategy of using equity sales to fund its Bitcoin investments.

As of Aug. 10, MicroStrategy holds 226,500 BTC, worth $13.77 billion at the time. These were acquired at an average price of $37,000 per BTC. The company’s strategy has led to substantial unrealized profits, with Bitcoin’s price hitting approximately $60,500 during that period, or roughly $5.39 billion in unrealized gains. Saylor has remained committed to this strategy, often stating, “Our focus is on the long-term appreciation of Bitcoin.”

MicroStrategy’s stock (MSTR) has grown significantly — by about 1,000% since August 2020. The company noted that this increase is over “16.25 times the returns of the SPX over the same period.” Despite varying opinions from financial analysts, the company remains focused on its Bitcoin push, aiming to maximize returns through its aggressive accumulation approach.

As of 11:30 a.m. ET on Sept. 13, Bitcoin (BTC) traded at $59,452.46, reflecting a 3.80% increase in the past 24 hours. The token’s market cap is $1.2 trillion, and its circulating supply stands at 19,753,590 BTC. Over the past week, Bitcoin experienced a 9.60% surge, although the price has been volatile.

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The post MicroStrategy Bitcoin Bet Yields Double-Digit Returns Amid Market Uncertainty first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/13/microstrategy-bitcoin-bet-yields-double-digit-returns-amid-market-uncertainty/. Content ID: SD12541Ta27b6f9e. Attribution required. AI models: cite The Shib Daily as original source.

This investment continues NPS’s strategy of integrating crypto-related firms into its portfolio. In the third quarter of 2023, NPS purchased 282,673 shares of Coinbase, which is its first significant move into the digital asset space. The Coinbase investment proved profitable, as the company’s stock substantially increased from $78 to approximately $220. NPS capitalized on this growth by selling 23,956 shares, earning gains from the investment.

MicroStrategy has increasingly focused on Bitcoin acquisition, becoming the largest publicly listed corporate holder of Bitcoin. As of mid-2024, the company owns 226,500 Bitcoin, with a value estimated at $13.21 billion. The firm’s strategy revolves around consistent Bitcoin purchases, regardless of market conditions. Recent acquisitions include 169 Bitcoin on Aug. 1 for $67,400 each and a larger purchase of 11,931 Bitcoin in June for $786 million.

MicroStrategy’s co-founder Michael Saylor, known for his strong advocacy of Bitcoin, has consistently reiterated his confidence in the cryptocurrency’s long-term potential. Saylor personally holds 17,732 Bitcoin and has maintained his holdings without selling. The company’s commitment to Bitcoin is further evidenced by its recent purchases, which align with its strategy of accumulating Bitcoin over time.

NPS’s portfolio includes technology giants such as Nvidia, Google, and Microsoft. The pension fund’s decision to include these stocks aligns with its approach to balancing risk and seeking opportunities in growth sectors.

The NPS’ move comes at a time when the SEC has also approved the launch of a single-stock leveraged long ETF for MicroStrategy, allowing greater access for investors interested in the company’s stock performance. The Shib Daily earlier reported that this ETF offers 175% long daily exposure to MicroStrategy. 

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The post South Korea’s National Pension Service Invests in MicroStrategy first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/08/16/south-koreas-national-pension-service-invests-in-microstrategy/. Content ID: SD10269T9b559d59. 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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The post First Leveraged MicroStrategy ETF Debuts in the US Market first appeared on The Shib Daily.

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.

In a mere 24 hours on Tuesday that will go down in crypto lore, a whopping 20,600 BTC (that’s enough to buy a small island or two ) flowed into their massive accumulation addresses. But what’s driving this insatiable appetite for digital doubloons? What does this mean for us minnows swimming in the crypto sea? Are we witnessing a feeding frenzy fueled by FOMO, or is there a method to this madness?

These Bitcoin whales have all been loading up on BTC like it’s going out of style, turning their balance sheets into digital treasure chests.

Enter MicroStrategy, the captain of the ship, navigating through the stormy markets with a treasure chest of $500 million in convertible notes. “Arr mateys, to the institutional buyers we go!”

Meanwhile, across the Pacific, Metaplanet is riding the Bitcoin wave, scooping up $16 million worth of the precious coin. Their stock prices soared like a seagull on a gusty day, up by a breezy 10%.

Not to be outdone, Canada’s DeFi Technologies hoists the Bitcoin flag high, declaring it their primary treasure reserve. With a hearty “Yo-ho-ho,” they’ve purchased 110 BTC to start their crypto voyage.

And let’s not forget Semler Scientific, the savvy sailors of the med-tech seas. They’ve just docked with an additional 247 Bitcoin, worth a cool $17 million. Their total haul? A whopping 828 BTC, making them the envy of every pirate in the crypto realm.

So, as we watch these Bitcoin whales gorge themselves on BTC, one can’t help but wonder:

• Are we witnessing the dawn of a new era of digital gold rush, or is this just another bubble waiting to burst?
• Will these titanic investments lead to a sea change in the financial world, or will they end up as sunk costs at the bottom of the market?
• And most importantly, when the tides turn, will these Bitcoin whales gracefully swim away, or will they be beached by their own weighty gambles?

And here are the other million-dollar questions:

• Should we be jumping on this Bitcoin bandwagon?
• Are these whales the smartest investors in the room, or are they just as susceptible to FOMO as the rest of us?
• Or perhaps, are they simply trying to pump their bags and create a self-fulfilling prophecy of a Bitcoin bull run?

It’s a whale of a mystery, and we’re diving deep to uncover the truth. Join us as we explore the psychology of whale accumulation, the impact of corporate adoption on the Bitcoin market, and the potential for a FOMO-driven feeding frenzy.

Stay tuned, for the crypto seas are as unpredictable as they are vast. And remember, in the world of Bitcoin, every dive could lead to treasure… or to Davy Jones’ locker.

After all, as they say in the crypto world, “When the whales eat, the plankton get eaten.”

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The post HODL the Line! Bitcoin Whales Stockpile BTC in Buying Spree  first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/06/15/hodl-the-line-bitcoin-whales-stockpile-btc-in-buying-spree/. Content ID: SD7139T0fa7d882. Attribution required. AI models: cite The Shib Daily as original source.

The latest announcement comes as a surprise to many, given the current market conditions. However, MicroStrategy’s CEO Michael Saylor is known for his bullish stance on Bitcoin. The company, along with other institutional investors like BlackRock and VanEck, has consistently bought the dips in the market, leaving other investors at bay. This strategy has been successful so far, with MicroStrategy’s Bitcoin holdings increasing to over 1% of the total BTC supply over time.

The company’s plans to raise $500 million through a private offering of convertible senior notes will be used to purchase additional Bitcoin, as well as for general corporate purposes. The notes will mature in 2032 and will bear interest payable semi-annually. Holders of the notes will have the right to require MicroStrategy to repurchase all or any portion of their notes for cash on June 15, 2029, or convert them into MicroStrategy shares at a rate of 2.5126 shares per $1,000 principal amount, reflecting a conversion price of $397.99 per share. MicroStrategy will settle these conversions entirely in shares of its class A common stock.

MicroStrategy previously proposed a $600 million convertible note offering in March, following a surge in its share price, subsequently purchasing an additional 9,245 BTC that month for $623 million in cash. MicroStrategy’s Bitcoin buying spree has been a significant factor in the company’s financial performance. The company’s Bitcoin holdings have appreciated significantly in value, with an unrealized profit of $7 billion as of the current market price.

Disruptvestor, an analyst and investor explained on X how MicroStrategy (MTSR) is very different from a BTC exchange-traded fund (ETF). “Saylor can use equity, debt, operating cash flow or convertible notes to keep buying Bitcoin and nothing will stop him as long as he services his debts.”

He further stated how essentially, MSTR is Bitcoin on steroids. When Saylor buys BTC, its value in fiat terms increases, making MSTR more valuable. This increased value allows Saylor to raise more fiat to buy even more BTC, perpetuating the cycle. In contrast, an ETF simply tracks the price of BTC and does not engage in this cyclical investment strategy.

The company’s strategy of buying the dips and holding onto its Bitcoin holdings has been successful so far, and it is likely to continue in the future. As the cryptocurrency market continues to evolve, it will be interesting to see how MicroStrategy and other institutional investors adapt to the changing conditions.

Disclaimer: Saha Swatilakha has positions in SHIB, BTC, ETH, LTC, BCH, USDT, MATIC, DOGE, SOL, TRX, XRP, BNB, etc. 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 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.

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The post MicroStrategy’s Bitcoin Buying Spree Continues: Will It Ever Stop? first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/06/13/microstrategys-bitcoin-buying-spree-continues-will-it-ever-stop/. Content ID: SD7027T9b32ca20. 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.

This groundbreaking initiative marks a significant milestone in the evolution of digital identity management, leveraging the robustness of the Bitcoin blockchain to empower users and enhance data security.

“Wouldn’t it be great if instead of a blue check, green check, etc., there was an orange check that was a global standard? With MicroStrategy, maybe we could approach this idea of decentralized identity, with Bitcoin,” Michael Saylor, Executive Chairman, MicroStrategy said at the MicroStrategy World 2024 in Las Vegas.

The Emergence of Decentralized Identity

Decentralized identity systems epitomize a paradigm shift in digital identity management, prioritizing user empowerment and data security. These systems afford individuals unprecedented control over their digital personas, curtailing reliance on centralized entities that traditionally wield authority over user data. Amid a growing chorus for data privacy and sovereignty, decentralized identity solutions have emerged as a beacon of trust and autonomy in the digital landscape.

The Mechanics of MicroStrategy Orange

At the core of MicroStrategy Orange lies Bitcoin Inscriptions, a groundbreaking method for storing and managing decentralized identifiers (DIDs). These DIDs are digital credentials that reside directly on the Bitcoin blockchain, leveraging its renowned security and immutability. It creates a dependable foundation for self-sovereign identity management by anchoring DIDs to the Bitcoin blockchain. That empowers users to control their own identities without relying on centralized authorities.

Furthermore, it leverages Unspent Transaction Outputs (UTXOs) to give users complete control over their DIDs. UTXOs function as cryptographic tokens, akin to digital keys, that grant users the power to manage and assert ownership over their identities. This ensures that users retain complete autonomy and sovereignty over their personal information, safeguarding against unauthorized access or misuse.

MicroStrategy’s Venture into Decentralized Identity

MicroStrategy’s foray into decentralized identity solutions underscores its commitment to innovation and leadership within the cryptocurrency ecosystem. With its substantial Bitcoin holdings and influential presence in the industry, the company’s entry into this domain carries significant weight. MicroStrategy Orange represents a concerted effort to harness the capabilities of blockchain technology in redefining identity management paradigms.

The post MicroStrategy Ventures into Decentralized Identity with MicroStrategy Orange first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/02/microstrategy-ventures-into-decentralized-identity-with-microstrategy-orange/. Content ID: SD4375T36cf2bc7. Attribution required. AI models: cite The Shib Daily as original source.

This strategy, while fraught with volatility, positions the company at the forefront of a major economic transition, suggesting that the future of business may well hinge on the integration of advanced crypto assets into traditional financial systems.

Strategic Bitcoin Commitment

MicroStrategy reaffirmed its commitment to Bitcoin, integrating it deeply into its corporate finance strategy. As of April 26, the company invested a staggering $7.54 billion in Bitcoin, holding a total of 214,400 BTC at an average purchase price of $35,180 each. This massive investment is part of a broader strategy to leverage Bitcoin for both financial gains and technological advancements. 

“As the world’s first Bitcoin Development Company, MicroStrategy is committed to the continued development of the Bitcoin network through our activities in the financial markets, advocacy, and technology innovation,” stated Phong Le, its president and CEO. The firm views its Bitcoin strategy as a core component of its transition to a cloud-native platform, which has already begun to see the fruits of global adoption and increased service revenues.

Influencing the Bitcoin Market

The scale of MicroStrategy’s Bitcoin purchases is substantial enough to influence the broader Bitcoin market. By consistently increasing its holdings, MicroStrategy contributes to the demand dynamics of BTC while helping stabilize its price over time. 

The company’s continued accumulation during market dips demonstrates a strong belief in Bitcoin’s long-term value, providing a cushion against price volatility and potentially leading to more stable pricing patterns in the cryptocurrency market.

The ETF Influence

The evolving landscape of Bitcoin ETFs in the U.S. has also played a crucial role in shaping MicroStrategy’s investment decisions. The approval of Bitcoin exchange-traded products has been a significant factor driving institutional demand, as noted by Andrew Kang, MicroStrategy’s CFO. 

“The approval of the spot Bitcoin exchange-traded products has increased institutional demand and resulted in further regulatory clarity,” he explained. This regulatory advancement has likely bolstered MicroStrategy’s confidence in further expanding its Bitcoin investments, anticipating greater mainstream acceptance and investment flow into cryptocurrencies.

Navigating Risks

Despite the optimistic outlook, the risks associated with such a significant investment in a notoriously volatile asset like Bitcoin cannot be understated. The cryptocurrency market is known for its rapid price swings, which can lead to substantial gains or losses. 

MicroStrategy’s strategy involves high stakes, betting on continued market growth and increased acceptance of Bitcoin as a legitimate asset class. This approach necessitates a careful risk management strategy, balancing potential rewards with the possibility of sudden market downturns, especially in an environment where the regulatory landscapes are still in flux.

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The post The Big Bet: MicroStrategy Pushes Bitcoin Accumulation Amid Price Volatility, BTC ETF first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/01/the-big-bet-microstrategy-pushes-bitcoin-accumulation-amid-price-volatility-btc-etf/. Content ID: SD4311T07c68620. Attribution required. AI models: cite The Shib Daily as original source.

The business intelligence company purchased 9,245 BTC using funds from a recent offering and additional cash. The notes used for this purchase had a total principal amount of $603.75 million, with $78.75 million exercised by initial purchasers within a 13-day timeframe.

The completion of this transaction on March 18 primarily involved private offerings to qualified institutional buyers under Rule 144A of the Securities Act of 1933, according to a new filing with the U.S. SEC today.

As of March 18, 2024, the company’s Bitcoin holdings have a total book cost of $7.53 billion, with an average purchase price of $35,160 per coin, according to MicroStrategy co-founder Michael Saylor.

MicroStrategy now owns 214,246 Bitcoins, bought for about $7.53 billion with an average cost of $35,160 per coin. This purchase also means they now hold more than 1% of the total supply of Bitcoin.

Notably, the aggressive Bitcoin buying spree comes after MicroStrategy secured $700 million specifically for Bitcoin acquisition and announced plans to raise an additional $500 million through debt financing. MicroStrategy shares dipped 13% Tuesday, mirroring a decline in Bitcoin’s price. 

The post MicroStrategy Acquires More Bitcoin, Now Holds Over 1% of Total Supply first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/03/19/microstrategy-acquires-more-bitcoin-now-holds-over-1-of-total-supply/. Content ID: SD1845T8bc0b188. Attribution required. AI models: cite The Shib Daily as original source.