BREAKING: Michael Saylor Caught RED HANDED MANIPULATING Bitcoin Price?| EP 1521

**Nico** (0:02)
Bitcoin is back to 64K, and Michael Saylor is once again involved. But this time, did he get caught manipulating the market, guys? Because hours ago, Michael Saylor came out and made an interesting announcement that might have triggered Bitcoin's pump, or probably the reason why we pumped, because of course, last week, we all were talking about how he famously sold 32 Bitcoin, and everyone thought it was over for MicroStrategy and Bitcoin. But today, all that has changed as Saylor just bought the Bitcoin dip that he potentially created. At least that's the prevailing narrative here. That's what everyone's saying. It's like, did Saylor cause the dip? And then he bought more Bitcoin at a lower price. Absolute genius mastermind behind this. But hey, we'll speculate a little bit. We'll have a little fun. It is Monday. We'll have a little fun on this. So anyways, let's get to the official post. So this morning, Saylor tweeted, Strategy has acquired 1,550 Bitcoin for $101 million to increase our Bitcoin reserve to 845,256.
We have also increased our USD reserve by $100 million to $1 billion. And of course, as we were covering last week, yes, there was a lot of speculation. There was a lot of talk about, you know, why is Saylor selling Bitcoin? Is this strategy capitulating? Or is something more going on? And at least the prevailing reasons that we heard from Saylor and Fong Li and Strategy at Large is this whole idea of strengthening their balance sheet so that they can get a better credit rating, which I think personally is most likely what actually happened. Now, what is interesting is of course, last week, the Bitcoin price tumbled. It was the second worst week drop since FTX. I repeat, the second worst week since FTX. That was last week. And look, it might be coincidental, obviously. What's the saying? Correlation does not equal causation, but on the Saylor News selling, that was the start of the Bitcoin price tumbling. And then, of course, we went back down to 59K. Over the weekend, it did rebound. And obviously, you could probably attribute that to a couple of things. I think, in particular, the biggest thing is the whole controversy or uncertainty around the Middle East. It seemed like there was a rebound because there was an official ceasefire. And then like an hour later, you know, there was more attacks going on. And then the price kind of rebound a little bit. So, I think that's probably what is going on in the broader Bitcoin price markets right now. It's the macro headwinds that we've been covering. But Saylor did buy, price is up. So a lot of people are saying, look, did Saylor literally crash the price so he can buy more Bitcoin? And not just a little more Bitcoin, about 48 times the amount of Bitcoin that he sold. And then, of course, adds more dollars to his reserves to strengthen his case for a better credit rating. Now, there is a couple controversies that are playing out currently as we speak, but I'm gonna start with this Fong Lee tweet that he posted actually yesterday. And it is this, of course, Saylor does the orange dots, which is always a telegraph, a projection of what they're going to do. Every time Saylor posts this chart, it's going to be a Bitcoin buy. That's kind of what we've all connected the dots here. No pun intended, that when Saylor posts this, he's acquiring more Bitcoin. Now, Fong Li tweeted, and it's very interesting that he tweeted this because we did get the SEC filing in regards to this latest Bitcoin buy. And I think this is where the controversy comes in. Well, I think this is probably the real controversy. I know everyone is making the case that, I'm trolling when I'm saying this, but that Saylor crashed the price to buy more Bitcoin. But Fong Li tweeted this, our corporate strategy, I guess pun intended here, is to increase net Bitcoin and Bitcoin per share over time. Rumors otherwise are just rumors. And again, the timing is interesting. He did front run this announcement, or rather this second controversy here. And I'm using Yahoo Finance to really show you what is going on, because under the Saylor post, everyone's favorite Bitcoin hater, Peter Schiff, the gold bug, the engagement farming anti-Bitcoiner did tweet something interesting. And look, I'm not the biggest Peter Schiff fan, but from my understanding of this, he is actually correct here. So that is an interesting thing going on. Anyways, it goes, Bitcoin critic Peter Schiff said the purchase was made at the expense of existing shareholders of MSTR. Very convenient that you omitted the information that would have revealed that purchase was actually dilutive to common stockholders. He goes on to say the game is over. I don't think the game is over per se. I think this is just Peter Schiff engagement farming. But again, if you look at the filing, Saylor did sell a lot of common stock or MSTR, and it seems like that is how he funded this new batch of Bitcoin buys. So here is the filing, and you can see here that they sold 1.4 million MSTR stock or Class A common stock for $181 million. Now, of course, there was a $200 million buy. Well, 100 million in cash, 100 million in Bitcoin buys. And if you look at it, I think from a year over year perspective, Fong Li is 100% right. They have increased the Bitcoin per share and their Bitcoin amount that strategy holds. So, I think both of these ideas can be holding true where year over year, the Bitcoin per share is increasing, which is what their strategy is. But in this recent round of Bitcoin buys and adding of cash reserves, I don't have the numbers from last week, but it does seem like he issued more MSTR stock. And by definition, I mean, look, I'm not a genius TradFi guy, but my rudimentary understanding of this is they did dilute the common shareholder of MSTR. So, I think there is a point to this kind of recent controversy. Do I think it's game over? Not at all.