Exclusive: Tether whale Heka thinks MicroStrategy is expensive
Heka Funds is one of the largest USDT arbitrage funds. We asked its manager to comment on Tether as well as MicroStrategy and BTC.
Heka Funds is one of the largest USDT arbitrage funds. We asked its manager to comment on Tether as well as MicroStrategy and BTC.
Bitcoin ironically dipped below $94K during the firework-filled climax to MicroStrategy founder Michael Saylor’s “$100K” New Year’s Eve party.
In November 2022, MicroStrategy had liquidation prices on its bitcoin that the crash almost triggered. Nowadays, its debts are different.
Any blackout could devastate MicroStrategy investors who have come to expect weekly BTC buys from Executive Chairman Michael Saylor.
For years, Michael Saylor has promised a ‘very expensive’ party to celebrate BTC hitting $100K. He will host it on New Year’s Eve.