Michael Saylor in a CNBC interview: takeaways

🔺 Bitcoin’s recent rally led to a significant reduction in Microstrategy’s BTC impairment loss and helped the firm strengthen its capital structure.

🔺 The software business of Microstrategy is a stable cash cow that provides the firm with enough cash flow to pay off the interest on debts and continue accumulating BTC.

🔺 The shareholders and bondholders of his company are now conditioned to understand that they are long-term holders of BTC.

🔺 Bitcoin adoption is being driven by two key factors:

1. Macroeconomic concerns about inflation + the recent collapses in the banking sector: investors are encouraged to move from fiat to safe-haven assets

2. Crackdown on the crypto industry: the uncertainty revolving around crypto exchanges, crypto securities, and cryptocurrencies has led to a natural migration of capital to Bitcoin.

@Coach

Arkham: “The US Government currently custodies over $6B in BTC on-chain.

Their holdings comprise BTC seized from 3 events:

2020 Seizure from Silk Road - 69.37K BTC
2022 Seizure from Bitfinex Hack - 94.64K BTC
2022 Seizure from James Zhong - 51.326K BTC”.

https://twitter.com/arkhamintel/status/1654514710555885571

@bitcoins

Bitcoin mining rewards have gone parabolic.

@bitcoins

Do you think Ordinals should be cancelled?

@bitcoins

Inevitable?

@bitcoins

Today #tether announces its Q1 2023 Assurance Report (attestation) 👀

- Net profit for this quarter of $1.48bn leading to a surplus over reserves of $2.44B- an all time high!! 🤯

- This report adds new explicit separate categories for our #Bitcoin  and Gold 🪙 holdings, representing 2% and 4% of our total reserves respectively.

- We have reduced secured loans from 8.7% to 6.5% of reserves. A 25% reduction! We shall continue to 0 as promised.

- Q1/2023 shows direct US T-bill holdings of over $53bn (another all time high for Tether) representing more than 64% of total reserves.

- A massive reduction in bank deposits, lowering our unsecured counterparty exposure.

- All new issuance of tokens in Q1/2023 was invested in US t-bills or placed in overnight reverse repo facilities (fully collateralised by US treasuries). With $7.5bn now directly invested in overnight reverse repo, our reserves continue to be not only extremely high quality but also highly liquid.

To give you a comparison: Blackrock Q1 net income: $1.16 billion

https://twitter.com/paoloardoino/status/1656301275645108224

📍 Follow @Coins for the hottest news in crypto.

Teaching the staff at Joeshias in Bacolod how to accept Bitcoin!

@bitcoins

Financial System Currently:

1. Regional banking system is in turmoil

2. Record $1 trillion in deposits left banks in 1 year

3. Large banks paying 0.01% interest

4. Apple is entering the banking business

5. PayPal stock, $PYPL, just hit a 6-year low

6. Alternatives to bank deposits are everywhere

Time for Bitcoin?

@bitcoins

@Bitcoins next stop 26k before moon

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@Bitcoins

BTC ? Retesting ?

@Bitcoins

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Governments Officially Mining #Bitcoin 🚀

🇦🇪 UAE 💡
🇸🇻 El Salvador 🌋
🇴🇲 Oman 🌵
🇧🇹 Bhutan 🏔️

Did you know? 🤯 El Salvador uses volcanic energy to power its Bitcoin mining, making it eco-friendly and harnessing nature's fury! 🌍🌋💼

@Crypto_News

Bitcoin has settled $111 trillion in transfer volume cumulatively

@Bitcoins

Skull of Satoshi spotted In NYC 👀

Bitcoin miners surpass the 50% clean energy mark, a key industry milestone: Bloomberg

@Crypto_News