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The MOU points to mined-BTC revenue, but the real test is power cost, uptime, and coin retention.
Liam 'Akiba' Wright 6 min read
Bitcoin’s fall below $60,000 shifted the test from valuation to demand, with buyers still slow to absorb the selloff.
The company is rebuilding a reserve depleted by a $1.5 billion debt repayment as rising preferred dividends shift more of the burden onto MSTR shareholders.
Exchange inflows, ETF outflows, and long liquidations collided before buyers could stabilize the market.
Bitcoin has lost 16% this month while ETF redemptions and weak US trading activity deepen pressure on the market.
Arthur Hayes says an AI crash could be Bitcoin’s next $1 million catalyst. The real question is whether the money printer turns back on first.
May PCE prints Thursday and more than $10 billion in Bitcoin options settle the next morning, compressing two of the week's biggest catalysts into a single 24-hour window.
The Massachusetts Democrat helped advance legislation preventing the Federal Reserve from issuing a retail CBDC before 2031.
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