Daily Archives: 14/01/2025

Arthur Hayes Slams MicroStrategy’s Bitcoin Buying Strategy

Maelstrom Fund CEO and former BitMEX CEO Arthur Hayes believes MicroStrategy’s long-term bitcoin acquisition strategy is a “flawed” practice. In an interview with Benzinga, Arthur Hayes said that the tactic of monetizing bitcoin volatility through convertible debt and other fixed-income securities could put MicroStrategy in a difficult situation. “The reason this tactic works is because the market value of the Bitcoins that MicroStrategy actively buys is volatile. However, if the flagship cryptocurrency starts to lose…

Meta Shareholders Propose to Board of Directors to Create Bitcoin Reserve

The board of directors of Meta, a corporation with assets worth $256 billion, has received a proposal to direct part of its funds into bitcoin to hedge against the risk of dollar depreciation. The proposal to create a reserve in bitcoin was submitted by Tim Kotzman, a representative of the National Center for Public Policy Research (NCPPR), on behalf of some Meta shareholders. According to him, maintaining reserves in the form of cash is fraught…