Weekly Roundup (04/01/22) (Greenpeace and Chris Larsen attack Bitcoin, Axie sidechain hacked, the ECASH Act, SEC goes after AMMs) (EP.304)
On The Brink with Castle Island
00:00
Micro Strategy
Micro strategy has set up a subsidiary called macro strategy. They have been raising convertible notes and equity dollars to buy bitcoin historically. That's how they've bought all their bitcoin to date. What he's doing now is taking out a loan against bitcoin collateral to buy more bitcoin. The risk here, obviously, is just like the price of bitcoin collapses by 80 % and he gets margin called on it.
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Transcript
