Todays Top Stories

Editor: @PhoenixxDown

MicroStrategy Discover Infinite Money Glitch?

MicroStrategy, led by arguably the most famous Bitcoin advocate, Michael Saylor, is doubling down on its Bitcoin strategy! The company recently announced a $2.6 billion offering of senior convertible notes—potentially growing to $2.97 billion—to purchase even more Bitcoin. This move comes as Bitcoin inches closer to the $100,000 milestone, signaling MicroStrategy’s unwavering belief in its potential as the ultimate store of value.

Some are calling this move genius, some are calling it insane. Perhaps it is both?!

Regardless, let’s explore how this all works.

MicroStrategy began as a software company but pivoted in 2020 when it used $400 million of cash reserves to buy Bitcoin. Since then, Bitcoin has become its primary play. The company raises funds by issuing shares or bonds, then uses the capital to buy more Bitcoin. With this latest offering at a 0% interest rate, investors are “practically begging to lend MicroStrategy money.” some analysts say.

Here’s the kicker: MicroStrategy’s strategy benefits both the company and its investors. Every time it raises funds to buy Bitcoin, its holdings grow. As Bitcoin’s value climbs (historically 30-50% annually on average), the company’s overall worth skyrockets. It’s a win-win for shareholders, who benefit from rising Bitcoin prices and the increase in corporate reserves.

This approach also sets a powerful example. Other companies are starting to see the potential of converting fiat into Bitcoin. It’s not just about returns—it’s about future-proofing wealth against inflation and fiat devaluation.

As exciting as this all sounds, is the plan bulletproof? That remains to be seen in due course. Beanie, a prominent NFT influencer from the 2021 era, seems to think it’s doomed, claiming that MicroStrategy is the Terra Luna of this cycle. Despite Beanie’s history of being wrong about many things (see Otherside, Ordinals, etc.), it’s worth considering all points of view. There’s been some back-and-forth and commentary between him and others, which can be found in the link below:

Regardless, if other companies follow suit, demand for Bitcoin could explode, driving its price to levels few imagined. While risks like volatility remain, this strategy could turn MicroStrategy into one of the biggest financial success stories ever.

Forget the Big Short—is Saylor about to become the leading man in the yet-to-be-filmed Big Long?

Top Stories | Celebrating One Year of DMT NAT

It’s been a transformative year since the launch of Digital Matter Theory (DMT) and the creation of $NAT tokens on Bitcoin. DMT is a groundbreaking concept that harnesses patterns within Bitcoin’s immutable data to generate non-arbitrary tokens. These tokens have played a key role in redefining Bitcoin’s purpose beyond its traditional role as a store of value.

What is $NAT?

$NAT, the first asset produced by Bitcoin, is designed to support miners by providing a second subsidy. As Bitcoin blocks are mined, $NAT tokens are issued based on the network's hash power. Fewer tokens are created as network security grows, boosting scarcity and value. This ensures sustainability for Bitcoin miners even as block rewards decline.

The DMT ecosystem is thriving, with tools to track $NAT production and showcase its utility expanding rapidly. Backed by an engaged community, year two promises exciting innovations, including improved BitmapOS environments and broader adoption of non-arbitrary tokenization.

Check out this video from the Blockrunner podcast to learn more.

Top Stories | BITCOIN Act: 7-Point Plan

The 7-point plan for the Cynthia Lummis-led BITCOIN Act of 2024 has been released, complete with an easy-to-read infographic that succinctly outlines the plan.

The Act proposes the creation of a national Strategic Bitcoin Reserve, aiming to acquire 1 million BTC over five years and safeguard confiscated BTC rather than liquidate it. This move could inject up to $18.2 billion annually into the Bitcoin market while preserving assets worth billions.

Beyond purchases, the Act emphasizes self-custody rights, regular audits, and transparency—signaling a commitment to individual freedoms and fiscal responsibility. Supporters of the Act believe that the U.S. could lead global adoption, ensuring economic resilience and technological leadership in the years to come.

Daily Bites

Todays Markets

Another Wednesday Check-In Video By @CryptoLandy

Ordinals

Bitcoin might be just a whisper away from $100K, but you wouldn’t think that looking at the Ordinals charts this morning. These are bear market prices!

Bitcoin Wizards are the only collection in the top 5 to see green yesterday, now up to 0.155 BTC. Runestone, after enjoying a fairly decent rise over the past week, dropped almost 15% on the day.

A similar story is unfolding in the bottom half, with Bitmap, Based Angels, and Pizza Ninjas all seeing slight declines.

Natcats, however, are the outliers, rising almost 6%, fittingly on the 1-year anniversary of DMT NAT. However, the floor price still remains low compared to its ATH of around 0.15 BTC. Will we see those dizzying heights again?

In other news, Arthur Hayes’ Airhead Whale Pass bursts into the top 10 and is holding a 0.069 BTC floor.

Runes

Incredible scenes are unfolding in the Runes charts, as the sell-off on PUPS continues, dragging the market cap below $300 million. Again, much of this is rumored to be due to Binance rejecting their nomination for a Futures listing, though this could be an inconsequential event in the near future.

Manifest is down a massive 61% on the day, showcasing the need to approach new launches with caution. On the flip side, Obesity Maxi Biz has done the exact opposite and is up 84%. It’s all swings and roundabouts in that regard!

Just a Chill Puppet is the newest launch on Runes, trying to piggyback off the popularity of the Chill Guy SOL memecoin. Will it still be around tomorrow?

BRO continues to show great strength, potentially boosted by the news that they now have a TikTok account. Established Runes such as BDC, Gizmo, and RSIC all suffered large drops on the day.

This could all turn around with one piece of news or if Bitcoin stabilizes for a little while. We’ve been through this before!

Todays Opportunities

Minting This Week

This weeks hyped mints open to the ExtraOrdinals that won a spot in previous days and weeks. If you’re feeling bullish, prepare those wallets and stay safe!

Giveaways

Currently, there are no active raffles ongoing. However, more giveaways are expected soon, so join the Discord below and make sure you have notifications on so you don’t miss out when the next ones go live!