In a filing that probably gave the US securities regulator a migraine, the company cheerfully announced: “We’ll use the money for ‘general corporate purposes,’ which definitely, absolutely, 100% includes buying Bitcoin (wink, wink).” Because why specify when you can just shrug and say “stuff”? 🤷♂️
A most peculiar endeavor, initiated in the year 2019, persists in its endeavors to refine its mechanisms, as if the cosmos itself were a mere footnote to its grand design. 🧠
Peter “Gold is life” Schiff has decided to throw some cold water on Bitcoin’s party. Apparently, while gold and silver are partying hard, Bitcoin’s just standing there, sipping its drink, looking awkward. 😬
The Fellowship PAC, a glittering new entrant in the political arena, has pledged to pour over $100 million into the pockets of candidates who claim to love innovation, crypto, and the American dream. 🚨 But let’s not forget: in the land of the free, even freedom has a price-paid in stablecoins and sarcasm. 🐍
The stock, much like a weary soldier after a long campaign, has stumbled from its lofty peak; yet within the treasury lies 638,000 steadfast Bitcoin souls, their paper gains tallied beyond $27 billion-a sum that would soften even the coldest skeptic’s heart.
“We expect share price volatility may increase for a period of time,” Bailey intoned in a missive to shareholders, a document seemingly penned whilst anticipating the inevitable. This pronouncement conveniently coincided with the firm’s recent filing regarding a $200 million share sale, offered at a discount to discerning (or perhaps simply eager) private investors.
Spot inflows, those charming tokens of faith from retail souls, summed to $11 million over four weeks, quietly buying as if to say, “We still believe… or at least hope.” Yet, the heavy liquidations hint at more storms ahead, casting a long shadow over prices.
Over the weekend, this wallet, which has long been entangled with the infamous $300 million Coinbase hack, executed a transaction of staggering magnitude. It acquired 3,976 ETH, a sum worth approximately $18.9 million, through the use of 18.9 million DAI, a stablecoin, and fragmented into multiple transactions before being consolidated. 📦💸
What’s an mNAV, you ask? It’s that magical number comparing a company’s value to its crypto stash. Above 1? You’re in the money! Below? Game over, man. Game over. 🎮
Well, isn’t that just what we needed-another super PAC to get us closer to the future? This time, it’s called The Fellowship PAC, and it’s here to make sure that America stays on top of the global cryptocurrency game. Because, you know, nothing says ‘great power’ like having billions tied up in digital coins. 🌐💰
