turns out #AI actually understands “borrow money to buy bitcoin” companies like #MichaelSaylor's #MicroStrategy / #MSTR perfectly
#finance #economics #bitcoin #BTC #crypto #cryptocurency #STRD #STRK #STRF #STRC #grok4president
turns out #AI actually understands “borrow money to buy bitcoin” companies like #MichaelSaylor's #MicroStrategy / #MSTR perfectly
#finance #economics #bitcoin #BTC #crypto #cryptocurency #STRD #STRK #STRF #STRC #grok4president
this is an actual slide from a real presentation a few months ago by the king of the “borrow money to buy bitcoin” companies #MicroStrategy / Strategy / #MSTR
#BTC #STRD #STRK #STRC #STRF #bitcoin #crypto #cryptocurrency #saylor #michaelSaylor #pyramidscheme #scam #economics #econ #finance #stockmarket
#MSTR 2
Wall Street Journal piece on the "borrow money to buy bitcoin" industry
> "Companies are raising tens of billions of dollars, not to invest in their businesses or hire employees, but to purchase bitcoin and more obscure cryptocurrencies. A Japanese hotel operator, a French semiconductor manufacturer, a Florida toy maker, a nail-salon chain, an electric-bike maker—they’re all plowing cash into tokens, helping to send all kinds of digital currencies to record levels. News that a new company plans to buy crypto is enough to send its shares flying—spurring others to consider joining the frenzy."
* WSJ: https://www.wsj.com/finance/currencies/crypto-treasury-e7ae573c
* no paywall: https://archive.ph/ML7Xg
Michael Saylor, the king of the "borrow money to buy #bitcoin" crew, has launched yet *another* new stock ticker to facilitate his ponzi scheme - sorry, i mean "bitcoin yield strategy".
this time it's #STRC and he's coming hard with the meme game (which is his only game - a few years ago he said MicroStrategy was going to become a bitcoin technology company but they've never released - or even announced - any bitcoin related technology).
in other unrelated news Michael Saylor bought another $700-800 million worth of bitcoin with borrowed money last week just as the price went up.
#MichaelSaylor #MSTR #MicroStrategy #crypto #finance #economics #cryptocurrency #STRK #STRF #STRC #STRD
Michael Saylor's Strategy (Nasdaq: MSTR), acquired 6,220 Bitcoin worth $739.8 million during July 14-20...
#microstrategy #MSTR #MichaelSaylor #bitcoin #Cryptomarkets #cryptocurrency #geniusact #cryptobill #trumpadministration #DigitalAssets
the "borrow money to buy bitcoin" industry summarized in one image:
https://x.com/DzambhalaHODL/status/1940916889880088915
#crypto #cryptocurrency #microstrategy #MSTR #STRK #STRF #bitcoin #uspol #finance #economics #stockmarket #bitcointreasury #meme #memes
2/ even the bitcoin bros can't take any more of these bitcoin treasury companies
https://x.com/BitcoinErrorLog/status/1940304666199474479
#bitcointreasury #bitcoin #microstrategy #MSTR #finance #crypto #cryptocurrency
“what if we borrow billions of dollars, but this time instead of buying #bitcoin, we buy #ethereum?”
#crypto #cryptocurrency #Microstrategy #MSTR #MichaelSaylor #finance #economics #market
@GhostOnTheHalfShell @cryptadamist michael saylor is 100% responsible for flywheeling up the price of bitcoin. it's insane and will go down in history as one of the greatest financial fiascos in history, i'm like 99% certain.
but it's not just me - the mainstream financial press also basically thinks #MSTR is a disaster waiting to happen. matt levine and the FT talk about it all the time.
Justin Sun's #Tron blockchain (AKA "the crime chain" that exists primarily for #Tether) plans to go public via reverse merger, forming a new "borrow money to buy bitcoin" company except this company will borrow money to buy Tron tokens (TRX) instead of bitcoins. Eric Trump will become an executive at the company.
reminder that Justin Sun was charged with fraud by the SEC and was almost certainly under investigation by the DOJ until he gave Trump ~$57 million and got his charges dropped. what we're looking at here is the co-opting of the US financial markets by chinese organized crime.
https://www.ft.com/content/13a6cead-af71-4811-9b90-553f233ac45f
#JustinSun #USDT #TRX #Trump #USpol #corruption #uspolitics #EricTrump #MSTR
#Metaplanet just crossed 10,000 BTC!
🔹With a $117M #Bitcoin buy, they’re stepping into the big leagues.
🔹Could this trigger a new bull run, or even challenge #MicroStrategy someday?
Find out here👇
Hab bisschen mit 17 GB #MStR-Daten rumgespielt.
Kann das mal jemand nachrechnen? 🤔 🤪
#Balkonkraftwerk #Photovoltaik #Solarenergie #Energiewende #Deutschland #Klimaschutz #Zubau #Steckersolar
@GhostOnTheHalfShell that is actually a source of a lot of sturm und drang in the crypto world right now because #MichaelSaylor just said some weird shit about why he can't tell anyone where all his bitcoins are and the less evil crypto bros are (correctly) all like "WTF are you talking about" #MSTR
yet another #MicroStrategy mini-me company.
the “borrow money to buy bitcoin” industry is rapidly multiplying like a swarm of locusts (#Trump announced he was turning #TruthSocial into this kind of company just last week, but there have been many others).
https://x.com/TimKotzman/status/1929379202505027967
it's just trump running the same playbook as #MSTR, Semler Scientific, Metaplanet, the new Tether/Softbank/Cantor/Jack Mallers thing Twenty One, and so many others: borrow as much money as you can find and use it to buy bitcoin.
what could go wrong?