If Congress can force sell TikTok, they can force sell Microstrategy's #bitcoin.
That's why I just stay humble, stack sats.
Discussion
But Michael Saylor has a mega… “boat”, lulz. Checkmate!
I kinda like Saylor. I like that MSTR uses bitcoin as a treasury asset, but the risk profile changed this week, IMO.
Personally, I’m going to choose not to worry about that, even though I own MSTR. I think everyone would see it coming. The House took years to pass a TikTok bill, which the Senate hasn’t even taken up. By that time, MSTR could have relocated to El Salvador or Singapore.
If the Feds arrived one day to seize it, Saylor could a). Have a boating accident, or b) sue through the Supreme Court with his billions and army of lawyers, super pacs and lobbyists. That might actually be a necessary fight to have, imo.
Good point, but what does the company actually do? I heard they want to sign stuff on the bitcoin timechain now.
For 30!years they were Business Intelligence company but now they are describing themselves as a Lightning Development company. He explains it a bit on the recent Natalie Brunell interview taped in Madeira. It sounds like they are building out Lightning products for serving their legacy business intelligence clients, including Microsoft.
MSTR is a 6102 honeypot.