MicroStrategy

gm, this week, im discussing cube, notes from the recent bitcoin core developers off site in barcelona and @MicroStrategy 2nd ever sale of BTC. full post (subscription req): https://christinedkim.substack.com/p/issue-42 https://x.com/christine_dkim/status/2061806776635347063

BREAKING: Bitcoin falls below $69,000 as selling pressure accelerates. Bitcoin is now down nearly -$5,000 since MicroStrategy, $MSTR, disclosed its first sale in over 3 years. https://t.co/AT9Zvpk2cl

I was just scammed for $500K by Polymarket. I am "willo2", the top holder of YES on "MicroStrategy sells Bitcoin by May 31st". Here's what happened:

What was the impact of #Strategy selling 32 $BTC? It made this guy lose $527K in just one day! After #Strategy filed that it had sold 32 $BTC($2.47M), trader willo2 saw that the odds of #MicroStrategy selling $BTC before May 31 were still at 80% on #Polymarket. So he went all in on YES, trying to

“No information from MSTR, on-chain data, or consensus of credible reporting confirmed that MicroStrategy sold Bitcoin within the market's timeframe.” BRUH gtfo

Some updates on Microstrategy: > MSTR currently has a 6.1 month runway for their annual 1.7Bn pref dividend payments for STRC > This runway materially compressed after they deployed 1.38Bn to buy back it's 0% 2029 convertible notes at an 8% discount > There is a 800M gap to cover the pref dividend

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MicroStrategy Sells Bitcoin For the First Time Since 2022, Hands Trader a $200,000 Win

Strategy Sells 32 Bitcoin for $2.5M, First Sale Since 2022

MicroStrategy Sells 32 BTC for $2.5M at Average Price of $77,135