The Wolf Den #131 - Gigachad Michael Saylor Going All In
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This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!Michael Saylor is doubling down, effectively going all in on Bitcoin.A few days ago, is company MicroStrategy acquired 50M more worth of BTC, bringing their grand total of holdings to just above 40,800. Michael Saylor himself owns roughly 500M worth of Bitcoin as well.MicroStrategy put out a blog yesterday stating that they are offering $400 million in convertible senior notes in a private offering to “acquire more Bitcoin.” MicroStrategy has always been a software company, but now it seems that they have become a full-fledged hedge fund (or a proxy ETF where one does not yet exist). Here's a quote:“MicroStrategy intends to invest the net proceeds from the sale of the notes in bitcoin in accordance with its Treasury Reserve Policy pending the identification of working capital needs and other general corporate purposes.”Michael Saylor has officially put his entire company on the line - we are all here to support him.This is a ballsy move by any metric, even a bit of a head scratcher for the most aggressive Bitcoin maximalist. That said, this will give stock investors comfortable with legacy markets a very clear and frictionless way to invest in Bitcoin with buying the underlying asset. No matter your view, this is bullish for Bitcoin and price. A 400M purchase alone is enough to move price up a few percent, when it happens.Chart Requests stream tomorrow on YouTube: https://youtu.be/XuSR05wSFzYI take chart requests from 8 AM to 1 PM EST on Wednesdays. You can send them by responding to this email.In This Issue:Bitcoin Thoughts And AnalysisPopular Bitcoin PredictionsInstitutions Want EthereumMt. Gox Coins Could Hit The Open Market Wells Fargo Publishes Bitcoin ReportLive with Ran Neuner At 10 AM EST Today!The Wolf Of All Streets Podcast Ft. Sanja KonMy Recommended Platforms And Tools
The Wolf Den #131 - Gigachad Michael Saylor Going All In
The Wolf Den #131 - Gigachad Michael Saylor…
The Wolf Den #131 - Gigachad Michael Saylor Going All In
This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!Michael Saylor is doubling down, effectively going all in on Bitcoin.A few days ago, is company MicroStrategy acquired 50M more worth of BTC, bringing their grand total of holdings to just above 40,800. Michael Saylor himself owns roughly 500M worth of Bitcoin as well.MicroStrategy put out a blog yesterday stating that they are offering $400 million in convertible senior notes in a private offering to “acquire more Bitcoin.” MicroStrategy has always been a software company, but now it seems that they have become a full-fledged hedge fund (or a proxy ETF where one does not yet exist). Here's a quote:“MicroStrategy intends to invest the net proceeds from the sale of the notes in bitcoin in accordance with its Treasury Reserve Policy pending the identification of working capital needs and other general corporate purposes.”Michael Saylor has officially put his entire company on the line - we are all here to support him.This is a ballsy move by any metric, even a bit of a head scratcher for the most aggressive Bitcoin maximalist. That said, this will give stock investors comfortable with legacy markets a very clear and frictionless way to invest in Bitcoin with buying the underlying asset. No matter your view, this is bullish for Bitcoin and price. A 400M purchase alone is enough to move price up a few percent, when it happens.Chart Requests stream tomorrow on YouTube: https://youtu.be/XuSR05wSFzYI take chart requests from 8 AM to 1 PM EST on Wednesdays. You can send them by responding to this email.In This Issue:Bitcoin Thoughts And AnalysisPopular Bitcoin PredictionsInstitutions Want EthereumMt. Gox Coins Could Hit The Open Market Wells Fargo Publishes Bitcoin ReportLive with Ran Neuner At 10 AM EST Today!The Wolf Of All Streets Podcast Ft. Sanja KonMy Recommended Platforms And Tools