Microstrategy is Going Long With Macrostrategy

Microstrategy announced… something. MicroStrategy has announced that it will offer $400 million in senior secured notes to buy more #bitcoin. “MicroStrategy’s existing approximately 92,079 bitcoins will be held by a newly formed subsidiary, MacroStrategy LLC,” per the announcement. https://bitcoinmagazine.com/business/microstrategy-macrostrategy-bitcoin-arm I asked on bitcoin twitter what it was and got an Read more…

The Accused Fraudster Behind the Bitcoin Boom

I’m abusing the clickbait title to drive in a point here: You shouldn’t believe anyone just because he shouts something loud enough. This article is basically ignorant. https://newrepublic.com/article/160773/bitcoin-price-boom-michael-saylor-microstrategy It’s full of misinformation about Bitcoin, saying it’s pegged to nothing, it’s speculative, it’s worthless. The truth is that Bitcoin, unlike gold, Read more…