MicroStrategy Is Raising Another $400M to Buy BTC

<p><span style="font-weight: 400;">Today on the Brief:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">BBVA set to offer crypto trading and custody</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Wells Fargo discusses bitcoin in recent investor memo</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Square launches Bitcoin Clean Energy Initiative with $10 million </span></li> </ul> <p><span style="font-weight: 400;">Our main discussion: Michael Saylor is back at it. </span></p> <p><span style="font-weight: 400;">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. </span></p> <p><span style="font-weight: 400;">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.</span></p>