BREAKDOWN: A De Facto Bitcoin ETF? MicroStrategy Is Raising Another $400M to Buy BTC

BREAKDOWN: A De Facto Bitcoin ETF? MicroStrategy Is Raising Another $400M to Buy BTC

Michael Saylor announced plans to offer convertible bonds with the express intent to buy BTC. The community reacts. This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co. Today on the Brief: BBVA set to offer crypto trading and custody Wells Fargo discusses bitcoin in recent investor memo Square launches Bitcoin Clean Energy Initiative with $10 million Our main discussion: Michael Saylor is back at it. The CEO of MicroStrategy and Giga Chad himself announced MicroStrategy would be offering $400 million in convertible bonds with the intent to purchase more bitcoin. On this episode, NLW looks at the community’s reaction, including the comparison of MSTR stock to a BTC exchange-traded fund. He also discusses Saylor’s recent comments about censorship resistance as a reminder of the (potentially) divergent values of bitcoin retail HODLers and institutional investors. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Episoder(4079)

Strategy Opens the Door to Selling Bitcoin | CoinDesk Daily

Strategy Opens the Door to Selling Bitcoin | CoinDesk Daily

Strategy's new capital framework clears the way for selling BTC. Michael Saylor's Strategy unveiled a new capital framework that clears the way to sell bitcoin for the first time, authorize up to $2 ...

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Strategy's Bitcoin Bet Is Now a $13B Paper Loss | CoinDesk Daily

Strategy's Bitcoin Bet Is Now a $13B Paper Loss | CoinDesk Daily

Strategy's $13B unrealized loss. Strategy is sitting on a $13 billion unrealized loss on its bitcoin holdings, with its STRC preferred stock down 25% from par. The company still has about 10 months o...

26 Jun 1min

Does the Clarity Act Have a Human Trafficking Blind Spot?

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CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open with two hot topics: Coinbase's SEC-registered AI agentic trading launch and tribal gaming operators' letter to Senators Th...

26 Jun 20min

Ethereum Is Facing A Critical Funding Gap, Says Ex-EF Member | Markets Outlook

Ethereum Is Facing A Critical Funding Gap, Says Ex-EF Member | Markets Outlook

Does Ethereum have a funding crisis? On today's Markets Outlook, Protocol Guild Organizer Trent Van Epps tells CoinDesk's Jennifer Sanasie why the Ethereum Foundation's subtraction philosophy is crea...

25 Jun 18min

Kalshi Targets $40B Valuation, Doubling in One Round | CoinDesk Daily

Kalshi Targets $40B Valuation, Doubling in One Round | CoinDesk Daily

Kalshi seeks funding at $40B. Prediction-market platform Kalshi is raising fresh capital at a roughly $40 billion valuation, nearly double the $22 billion it hit just one round ago. CEO Tarek Mansour...

25 Jun 1min

Do Androids Dream of Electric Wallets?

Do Androids Dream of Electric Wallets?

The impact of giving synthetic beings a wallet, an identity, and eventually a body. Jansen Teng, Co-Founder of Virtuals Protocol, joins Sam to lay out one of the most ambitious visions in crypto righ...

24 Jun 31min

Ethereum Foundation to Cut Budget by 40% and Slash 20% of Workforce | CoinDesk Daily

Ethereum Foundation to Cut Budget by 40% and Slash 20% of Workforce | CoinDesk Daily

The Ethereum Foundation announced a 40% budget cut after layoff news. The Ethereum Foundation will slash its budget by roughly 40% this year as part of a shift toward a leaner, endowment-style operat...

24 Jun 1min

Trump Signs Orders to Build a Quantum Computer | CoinDesk Daily

Trump Signs Orders to Build a Quantum Computer | CoinDesk Daily

The White House issues two executive orders on quantum computing. President Trump signed two executive orders directing the U.S. to build a large-scale quantum computer and to defend federal systems ...

23 Jun 1min

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