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 Crypto.com, Nexo.io and this week’s special product launch LVL.co.
Today on the Brief:

BBVA set to offer crypto trading and custody

Wells Fargo discusses bitcoin in recent investor memo

Square 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 https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.