— Jack Mallers, Michael Saylor
Tether thinks Jack Mallers will keep focus on Twenty One’s BTC, not USDT
Jack Mallers will serve as the dual CEO of Strike and Twenty One. His new venture already has a post-merger valuation above $9B.
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— Jack Mallers, Michael Saylor
Jack Mallers will serve as the dual CEO of Strike and Twenty One. His new venture already has a post-merger valuation above $9B.
Tether-backed Twenty One's plan to acquire over 42,000 BTC sounds not unlike Michael Saylor's leveraged BTC acquisition strategy.
As centralized entities continue to amass bitcoin (BTC), just two corporations now hold more than Satoshi Nakamoto.
Looking at a chart of BTC when MicroStrategy was buying last week, skeptics think Michael Saylor paid nearly the worst price possible.
If its finances get much worse or BTC keeps sliding, MicroStrategy could be looking at possibly selling some of its coins by next year.
As BTC crashed below the price at which Michael Saylor suggested selling a kidney, he reminded us that its price never declines in BTC terms.
MicroStrategy didn’t buy any BTC last week. Not only that, MSTR shareholders don’t even own the company’s BTC.
MicroStrategy and its founder have amassed over 2.7% of all circulating bitcoin. They are up billions on the trade so far.
In addition to applauding Gamestop, Saylor promised to burn his private keys and “make everyone in the network richer and more powerful.”
— Michael Saylor, MicroStrategy
Although dividend and liquidation preference numbers for Strategy’s STRF appear unchanged, initial buyers are getting a de facto discount.