CoinDesk Podcast Network

BREAKDOWN: A De Facto Bitcoin ETF? MicroStrategy Is Raising Another $400M to Buy BTC

Michael Saylor announced plans to offer convertible bonds with the express intent to buy BTC. The community reacts. This episode is sponsored by <a href="http://crypto.com/" rel="noopener noreferrer" target="_blank">Crypto.com</a>, <a href="https://nexo.io/?utm_source=coindesk&amp;utm_medium=fixed&amp;utm_campaign=coindesk_podcasts_aug20&amp;utm_term=general&amp;utm_content=content" rel="noopener noreferrer" target="_blank">Nexo.io</a> and this week’s special product launch <a href="https://lvl.co/coindesk" rel="noopener noreferrer" target="_blank">LVL.co</a>.Today on the Brief:BBVA set to offer crypto trading and custodyWells Fargo discusses bitcoin in recent investor memoSquare launches Bitcoin Clean Energy Initiative with $10 million  Our main discussion: Michael Saylor is back at it. 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. 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.See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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