It would be awesome if Michael Saylor did a heroic dose of psilocybin and truly experienced the epiphany that none of MSTR’s bitcoin is real. He would call in the IOU’s for sure.
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That statist is gonna need a lot of shrooms 😂
No UTXO, no coins.
I have a feeling all of his stash held by Coinbase are being rehypothecated. If he withdrew his coins and did another institutional-grade, industry-leading workshop on running a node and setting up multisig, I wouldn't be surprised if BTC pumped harder as Coin ase scrambled to find more supply.
Without the UTXOs, it's just another Wall Street financial black box. Who knows what's going on.