Simply Bitcoin Should You Sell Your Microstrategy? (IS IT OVER?!) | EP 1313
Aug 19, 2025
The podcast dives into the recent changes in MicroStrategy's stock policies and the implications for Bitcoin investors. Concerns over dilution and volatility following massive Bitcoin acquisitions are discussed. There's an emphasis on self-custody of Bitcoin as crucial for financial control, despite market fluctuations. Key regulatory shifts in the crypto landscape, particularly Tether's hiring of a former White House advisor, are explored. Lastly, insights into Bitcoin mining trends and its integration in emerging markets like Ethiopia highlight future opportunities.
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Saylor Abandons 2.5x Safeguard
- Michael Saylor removed MicroStrategy's 2.5x MNAV issuance safeguard to allow equity issuance at weaker valuations.
- This increases Bitcoin accumulation flexibility but raises dilution and investor trust concerns.
Prefer Top Treasury Firms Or Spot BTC
- Avoid buying smaller bitcoin-treasury public companies trading below MNAV because they no longer outperform Bitcoin.
- Prefer top-tier treasury firms or spot Bitcoin in self-custody to reduce leverage and dilution risk.
Saylor's Public Tough Times Then 25X
- Nico recalled Michael Saylor sitting silent at a conference when MicroStrategy was deeply underwater on its first Bitcoin exposure.
- Years later the company 25X'd in market cap, illustrating long-cycle volatility and payoff potential.