Corvus

@SenLummis Hand @brian_armstrong a list of names to “donate” to.

If we don't pass the Clarity Act this Congress, we are handing the future of digital finance to jurisdictions that do not share our values.

Saylor has explained this in several recent interviews. The ratings agencies were not giving Strategy full credit for the Bitcoin on the balance sheet because he wasn’t using it. So the only way to prove it is a real treasury asset is to occasionally use it. That means he may sell a small amount from time to time, but he will always aim to buy far more than he sells. That improves the credit story, helps the rating, and gets Strategy closer to S&P 500 inclusion. He sold around $2.5M worth and bought billions more this year. That is probably the model for the next few decades: small strategic sales, much larger BTC accumulation.

@CorvusBTC @saylor Yeah... if Bitcoin is so great, why did he sell some? I've heard plenty of people on X giving wildly different explanations why, but I want to hear it from the man himself.

@schwanald Just don't buy it at $250, $130, $57, $12 and $0.5

Bought more $ZEC at $362 and $303.

@cryptomanran Patched it this time. The next AI upgrade will find another flaw.

So, Z-cash found a vulnerability and (maybe) managed to patch it this time. But we now know it CAN happen. Maybe next time they wont find it in time. Am I seeing this correctly?

$MSTR holders don’t care about being down in fiat. They care about BTC per share, and that number keeps going up. That is the whole point of Strategy. If BTC goes to zero, we all go to zero. But if BTC goes to $1M, long-term MSTR holders will own far more BTC exposure than if they had simply bought BTC. Early buyers already have around 3x more BTC per share. That is the trade.

@ZynxBTC I wasn't following you last year. I would love to know the people on the list. Obviously @CryptoHayes is one

I could choose absolute violence today. Last year I took screenshots and notes of every name in the industry promoting the scam that is Zcash (ZEC). That chicken has now come home to roost. I have decided to be kind but I retain full optionality. Stick to Bitcoin.

@LarkDavis @saylor being down $11B sounds terrible until you put it in context. Strategy is still valued around $50B. So near what looks like the bottom of a bear market, he is down roughly 15% on the company’s value. If BTC hits $150K, he is up $75B+. BTC gets there within 2 years.

Right now, Michael Saylor is getting clowned hard on social media for a staggering $11 billion in unrealized losses as Bitcoin hovers in the low $60k range. With MicroStrategy’s average acquisition cost sitting up at $75k+, critics are screaming that these losses are a fatal blow. But if history is any guide, this isn't the first time the crowd has doubted him. In fact, Saylor has essentially become a reliable macro bottom or local floor indicator. It happened during the crashes of 2021 and 2022, and guess what? The market clowned him, peak capitulation set in, and he recovered completely every single time. Will this time be any different? Who knows. But Bitcoin is mathematically projected to be worth vastly more than its present value, and Saylor is the ultimate permabull. Go figure.

@scottmelker If $SATA hits par before $MSTR, it will take a huge % of the STRC market. It is a better product, and they have an excellent team. But I don't think @Saylor is too concerned about that.

GRAYSCALE SAYS STRATEGY’S ABILITY TO ACCUMULATE MORE $BTC IS LIMITED AT CURRENT $STRC AND $MSTR PRICES SAYS OTHER BUYERS MUST STEP IN FOR $BTC PRICE TO FIND SUSTAINABLE BOTTOM

@Vivek4real_ I think he means DJT will start selling part of the US gold stockpile and rotating it into BTC, starting on July 4th.

🇺🇸 ERIC TRUMP SAID GOLD PROFITS WILL START TO ROTATE INTO BITCOIN SOON 🚀

Yeah, someone just made a great point to me. At some stage, someone has to cash out through an exchange. If you were handed $10M in $ZEC and tried to convert it to USDT, the exchange is going to ask where it came from. If you can’t prove the source of funds, you have a serious AML problem. You will receive 50c on the dollar on the black market, at best. People receive 70c on the dollar for large amounts of gold.

@CorvusBTC Agreed… There was never a usecase for these things. Regulations will kill it, no integrations possible for any AML-compliant company. Literally no point in having this

Can we all agree to finally put this ‘privacy coins’ bs to rest?

Yeah, very true. In that case, it really does make privacy coins almost worthless. Nobody will ever accept them, for that very reason. I had never even thought about it that way. If @CryptoHayes shows up with $10 million in ZEC and he sells them on an exchange, but can't prove where he bought them, he is in a lot of trouble. It is money laundering.

@CorvusBTC Funny thing is, even if they were paid in Zcash, the story doesn’t end there. At some point, someone has to touch an exchange, cash out, or leave a trail somewhere. This could get very interesting.

What if the exploiter paid influencers to shill Zcash? Zcash was basically dead for years. Then out of nowhere, it came back, started pumping, and everyone was wondering why. Now we learn a critical bug had been sitting inside its private Orchard pool since May 2022!! Maybe nobody used it. Maybe someone did. But if fake native ZEC was quietly created before the patch, the whole point is that NOBODY CAN PROVE IT.

@CryptoHayes My new strategy is to wait 2 months and short anything that this guy pumps.

That outperformance is $WLD. Never bet against Elon ...

@loshmi July 4th at 2pm. Announcement of the bitcoin reserve. DJT will probably have a shitcoin reserve too and pump everything. He will want to pump his own bags.

at what point does crypto stop being so depressing and makes a reverse? i have never seen such a huge bloodbath on EVERY. SINGLE. COIN. wow

So if BTC goes to $30K and Strategy has to keep selling its BTC, you think that won’t crash the price further? You think the market won’t lose faith if BTC is already at $30K and everyone believes Saylor is a forced seller with 850k btc? But if BTC goes to $200K, somehow he won’t be able to pay the preferreds, raise more cash, and keep buying? He has already raised billions through STRC. As long as he keeps paying the yield, people will keep buying the product. You can’t have it both ways. Either Strategy is systemically important on the downside, or it is systemically powerful on the upside too. Unless I’m missing something.

@CorvusBTC @saylor @TNorth @PunterJeff @AdamBLiv No. Bitcoin can go to $30K, and MSTR will have to liquidate and pay back the prefs. And then after, BTC can surge to $200K undisturbed anymore by this mad Ponzi.

Strategy Sells Bitcoin, so what? | Ep. 69 x.com/i/broadcasts/1…

If Saylor was responsible for the crash, $MSTR would have dumped much harder than $BTC. MSTR is leveraged Bitcoin, but it fell roughly in line with BTC. That tells you MSTR holders were buying the dip, not panicking. People just needed a villain for the crash. More likely, liquidity dried up while investors waited for Warsh to show us what he will do and the Clarity Act uncertainty. It was simply a good window for manipulation and FUD.

Cramer blamed Michael Saylor's massive 843,000 $BTC debt-fueled treasury model for "murdering" Bitcoin’s price during this $1.7B liquidation flush. Is Saylor’s hyper-aggressive buying strategy a danger to Bitcoin or its greatest strength?

@CoinDesk @jpmorgan @Citi @BankofAmerica Is this positive or negative for crypto?

NEW: @JPMorgan, @Citi and @BankofAmerica are building a shared blockchain network to give bank deposits crypto-like speed and programmability in direct response to the stablecoin 'threat', targeting a mid-2027 launch.

@CryptoTony__ His plan seemed to be copying every narrative. They weren’t innovating — they were just chasing whatever was hot. Jack of all trades, master of none.

$ADA / $USD - Update Sadly ADA is going much lower. I never see this making a comeback. Founder has made the money, where is the incentive to go on ..