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2065: SAYLOR TARGETS 1.5M BITCOIN (7% of ALL BTC) - $4.2B Raise Signals Supply Shock
00:31:09
BREAKING: Michael Saylor says live on CNBC that Strategy could buy up to 1.5 million BTC - nearly 7% of the total Bitcoin supply. The firm has already posted a record $10 billion profit this quarter and plans to raise $4.2 billion to stack more. Is a...
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- [00:00]
T-Mobile Advertiser
Summer fun goes great with family freedom from T Mobile we'll pay off four phones up to $3200 and give you four free phones all on America's largest 5G network. Visit your local T Mobile location or learn more@t mobile.com familyfreedom up to $800 per line via virtual prepaid card typically takes 15 days. Free phones via 24 monthly bill credits with finance agreement eg Apple iPhone 16 128GB8 2,999 eligible trade in eg iPhone 11 Pro for well qualified credits end and balance due if you pay off early or cancel contact T Mobile Happy TGIF.
- [00:30]
JV
Welcome everyone to the number 1D Daily Bitcoin Pod. In today's show I'll be discussing the latest technical analysis we're currently correcting back in the red but the silver lining Bitcoin just closed July at 115 7:50. Another monthly all time high close. So you already know. We'll also be discussing the state of stable coins after the genius act. We'll also be discussing Meta Planet plans to raise an additional $3.7 billion to buy more Bitcoin. Their goal is 210,000 Bitcoin by the end of 2027. We'll also be discussing a monster week for crypto treasury firms with 8 billion in a buying blitz as well as breaking news. El Salvador President Bukele can now officially run for election indefinitely. I'll be breaking this down for you. We'll also be discussing strategy. CEO calls it the most misunderstood stock amid record profit. Of course There's a new 4.2 billion Bitcoin acquisition strategy. They're now 10 billion in profit and his goal is to hold 1.5 million BTC which is ultimately 7% of the entire bitcoin supply. We'll also be taking a look at the overall crypto market. All this plus so much more right here TGIF style. If you are new to the rumble, it's very important to smash the like. Give us a follow and repost us over on X the account BTC News alerts. All comments and quotes of the stream will get get reposted in real time. I'll do my best to shout you out during the show. Also today is pod episode 2065. I'm your host JV. Happy TGIF. Bitcoin is correcting. It's down virtually $10,000 from price discovery which we ach weeks ago which is currently the top at 1:23:2. Right now we're 113:5 at the time of the live stream. Let's kick it off with our market watch as we do each and every day which is pulling up on your screen right now you can see bitcoin down roughly 2.64% on the day. We have ether down 6% back down to 3500 after on the cusp of reclaiming 4000. It seemed like yesterday massive losses across the entire market Unfortunately. Checking out coinmarketcap.com the current all time high crypto market cap is just north of 4 trillion. Today we're 3.68 trillion. So we have corrected a bit. We're down 3% on the day. There's 209 billion worth of volume for the past 24 hours. Up 32% on the day. Also the bitcoin dominance is coming in at 61.2% with the ether dominance coming in at 11.5%. The bitcoin market cap in particular today is $2.25 trillion. And checking out top 100 crypto gainers past 24 hours, virtually nothing, very modest little gainers like Pax Gold actually in the green cuz the entire market's correcting and in the red, which sucks. Uh, but it is what it is. Uh, this is in my opinion nothing more than a healthy correction. We just can't continuously run up every single day. And also silver lining, we just had the highest monthly close uh, in history for the month of July which I' show you that proof of work here shortly. But also checking out the crypto bubbles to get a visual perspective. Let's start on the day. As you can see, blood red rec city across the board for the shitcoins. Zooming out for the weekly, very similar scenario. Some of these alts down 1020 plus percent on the week, zooming out for the monthly. That's where we get a little silver lining as the majority of the alts are actually in the green for the month. But zooming out a step further for the year and I'd say probably about 75, 25 green over red. So overall for the past 12 months the market has been pretty bullish. And checking out the crypto greed and fear index today we're back down to a 65 bitcoin wanted dead or alive. Hide your kids, hide your wives. And below that Yesterday was a 72, last week of 70 and last month a 63 in greed. And checking out the infamous time chain calendar as of this very day we have 141877 blocks into the having of 2028 and as of today 8-1-2025 we are on Bitcoin block height number 908,123 again block height 908,123 every 10 minutes. Tik Tok next block and as of this very day with the dip you can take advantage of 881 sats per dollar again one US monopoly tulip mania dollar will net you 881 sats. We're going to keep the the show moving here. I do have lots to share regarding some ta. We'll look at some of the live charts and where the bitcoin price action likely take us next. Headline here reads Bitcoin rejected at 116 despite u s jobs winning as the Fed rate cut bet pass 75%. Oh, that's right. My understanding is they did not lower the rates. They remain the same. Bitcoin rejected from 116 at Friday's Wall street open as bull sought a comeback from the U.S. trade tariff lows here. You're looking at a one hour chart and like I said I will be pulling up the live charts here in a hot minute. Stay tuned. So yeah, nerves over the raft of the US trade tariffs have sent Bitcoin as low 114 now 113 at the time of the live stream. What's going to happen next? Stay t us Job data helped boost the mood, however. July non farm payrolls came in at 73,000, well below the 100,000 estimate. And then the cave of the labor market starting to struggle. This in turn boosted the odds of the Fed cutting interest rates sooner. Just days after Fed chair J Pal adopted the hawkish tone on future policy. And you know, nip andator runs the show as the chairman behind closed doors. J. Pal is nothing more than a puppeteer. I mean puppet for his masters, the fiat overlords. The latest data from the Fed watch tool showed market expectations rotating back to favoring a rate cut at the Fed's September meeting. And the Kabisi letter shared the following There are two scenarios after today's data. Number one, the U S Labor market is entering a recession or number two, something is seriously wrong with the data. I dare say it's probably both correct there. The unemployment rate is rising and negative 258000 jobs have seemingly disappeared from the data in two months. I mean what did Saylor say? They say that unemployment's 2 to 3%. Meanwhile, half of you don't have a job. That's the matrix. They just print numbers and it's all fudge. At the end of the day, Donald Trump posted too little too late Jerome too late. Powell's a disaster. Dropped the rate. The good rate is that the tariffs are bringing billions of dollars into the usa. I translate I don't trust, you know, potus. I don't trust Chairman J Pal and whatever they're saying to me is political theater. They are on the same team as far as I am concerned. So I don't buy into any of that. They're just going to continue to do what they do best, print money. Hence pretty little bitty going up forever. Laura, that's my translation for you. Turning to the Bitcoin price action market participants once again, I'd exchange order book liquidity for hints of the next move. Large blocks of short liquidations lay in weight closer to 120 a level long overdue for a revisit after successive grabs targeting longs quoting Coin Glass just a matter of time before bitcoin grabs it and you can see the order book data right there. King Fisher wrote the Bitfinex Bitcoin Perpetual CBD let's map out this week's amazing destinations and travel tips.
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Will
Honestly Will, I didn't plan any trips but I did switch to T Mobile with their new Family freedom offer.
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JV
That's not the itinerary we're following.
- [08:49]
Will
Well, I'm departing from AT&T and embarking on a new journey with T Mobile. They paid off my family's four phones up to $3200 and gave us four new phones on the house.
- [09:03]
JV
Bon voyage.
- [09:04]
T-Mobile Advertiser
Introducing Family Freedom. Our lowest cost will switch our biggest family savings all on America's largest 5G network. Visit your local T Mobile location or learn more@t mobile.com FamilyFreedom up to 800 per line via virtual prepaid card typically takes 15 days. Free phones via 24 monthly bill credits with finance agreement eg Apple iPhone 16128 gigabyte 82999 Eligible trade in eg iPhone 11 Pro for well qualified credits end and balance due if you pay off early or cancel contact T Mobile though.
- [09:30]
JV
Bitmex Bybit spot up. What are you looking at an I mean well there you have it. And also I wanted to point out as per Plan B outlining here, Bitcoin just had the highest monthly close in bitcoin history and which is official at 115, 750. That's another one for the books and another good sign that the bullish momentum is likely to continue. And that marks four consecutive green candles on A monthly chart but instead of just talking about it, let's pull up the live charts as we offer some live chart action. Jackson Satisfaction, Tony Braxton, Joe Jackson with a little bit of Joe Montana and Jerry Rice Just as a bonus for the broskis today here you're looking at the one hour chart. We do have some bull targets in play. One in particular in the red after the falling Wedge is sitting at 118658. And at the time of the live as you can see we're currently now113.4. We've dropped pretty significantly but hold the lines there folks. Again when in doubt just zoom out. Let's take it a step step further back. Checking out the four hour chart live and in the flesh. Also big red candle on the four hour but it looks like we did bounce from that bottom which is where we're at currently 113. 5. No particular targets outline on the four hour so let's take it a step further and check it out. The daily the daily chart you can see today red candle, yesterday red candle. However silver lining there is a rising wedgie with a bull flag and play on the daily sitting at 146four again 146four in play according to the daily chart and this is via tradingview via coinbase, the largest crypto exchange in the United States. Taking it a step back, taking a look at a weekly and as in two days we'll get a weekly close here but you can see there's a rising wedge formation. We have the 124000 cup and handle target which we came within striking distance of two weeks ago when we hit the current top of 1232 and then we start to print the red candle unfortunately and it looks like getting a red candle close unless we start to get a pump over the weekend here potentially on a sat stack and Saturday tomorrow we shall see. Zooming out one step further taking a look at the monthly and 1, 2, 3, 4 green candles. And now for the fifth for the month of August just getting started, starting off with a red but it's still so early. Anything can happen. You guys let me know your thoughts. Where do you feel the pretty little bitty likely take us next? No diddy next story fam a lamb Lots to share yet. This is regarding the genius act stated the stable coins after the genius act expert weighs in Recent U S Passage of the genius act marks significant turning point for stables setting a regulatory precedent that may shape digital finance globally. Fabian Dory chief investment officer of single bank Join the latest episode for the Insight podcast detailing how the act will influence the the stablecoin adoption, institutional engagement and international regulatory alignment. Well, here's the the Lowdown the Genius act introduces a clear federal regulatory framework for fiat backed stablecoins, demands full transparency from issuers including onetoone asset backing, mandatory federal licensing and independent reserve audits. And according to Dory, their provisions are essential for driving responsible innovation and financial stability. Quoting her here, I truly think that the impact of the Genius act will be significant both in the short and long term. By requiring that stablecoin issuers get a federal license, back their stablecoin one to one with high quality liquid assets, and disclose the reserve composition, institutional investors can really have the legal confidence to be used for regulated stable coins. Yet one controversial aspect of the act is the prohibition of yield bearing. Stable coins may substantially reshape how stables integrate within the D5 protocol. Dory points out that the move may create a clearer market distinction between the payment focused stable coins and yield generation tokenized money market products. She says it is true that it is not possible anymore to earn yield directly from holding fiat back stable coins. Oh he my bad. Dory I assume was a girl. Apparently it's a man. So yeah, that will create a clear segregation between non yielding stable coins and tokenized money market funds. And I mean using common sense, they won't allow you to earn yield on the stable coins because then who would hold dollars? What's your current yield for holding a dollar at the bank in your Savings account? It's like.001%. At least that's what it seems like. Which means you're losing 20 to 30 per year in inflation. It's a melting ice cube. Reminder. What do we call those who hoard fiat at the bank? We call them poor. Exactly, Exactly. Another key topic discussed is the divide between regulation in Europe and the US In Europe, which has been cautious in the regulatory stance, particularly with the digital Euro initiative, may now face pressure to accelerate innovation due to the U S stance taken by the Genius Act. The rest of the world's a watching. It seems a bit like the U S is much more focusing on a framework that allows and drives innovation, while Europe is primarily focused on risk management. The Genius act will really attract both new issuers but also new use cases to the U S which then might lead to Europe needing or being forced to open up. We'll get with the program Europe or you're gonna get left behind. Just saying. Follow the Trumpster Bitcoin strategic Reserve already got the green light according to Bo Hinds. We discussed this in yesterday's podcast. If you missed it, be sure to check it out. Next headline is a Pretty big Deal Meta Planet has been, you know, preaching from the rooftop on their plans and how many bitcoin they're planning to buy. The headline here reads Meta Planet plans to raise an additional 3.7 billion to buy Bitcoin. I mean, Holy Sailor announced raising 4.2 billion more to buy more Bitcoin after the recent 2 1/2 billion buy of 21000 Bitcoin. Meta Planet making an announcement we're buying another practically 4 billion Bitcoin. Where are they even getting the bitcoin from at this point is a mystery. But anyways, Japanese investment firm Meta Planet is seeking a raise 555 billion yen, which is 3.73 billion USD through a stock offering, I call it the Sailor Put to support its aggressive bitcoin accumulation strategy. The company, also known as the Asia Strategy or the Japanese Strategy, announced Friday it'll issue perpetual Prefer shares to help fund the goal of acquiring 210,000 thousand of the BTC by the end of 2027. So that gives them virtually two years to hit the goal. The shares will offer up to a 6% annual dividend depending upon the market conditions and investor demand. Quoting them here, the company intends to actively pursue equity financing as part of the Bitcoin strategy, which aims to acquire 210,000 BTC by the end of 2027. We believe that introducing bitcoin back Prefer shares represents a pioneering effort to fill this gap. All I got to say is Holy canoli Batman. That's pretty impressive. Meta Planet stock offer comes a day after Coin Telegraph reported corporate crypto treasury firm surpassing 100 billion in collective investments. We'll actually do a deep dive into the bitcoin treasuries, putting mass capital into the bitcoin plays, which is a pretty big deal, amassing 93 billion worth of value. Also continued corporate accumulation from the likes of Strategy and Meta Planet paired with the expanding money supply. And that's not even including Black Rock, who has the most insane amount of bitcoin over 700,000. They could push the bitcoin price yeah, easy, pretty effortlessly to 132,000 before the end of this year. I'd say that's kind of like a bear target. Hence 222, my bear scenario. But hey, let me know your thoughts based on the bitcoin correlation with the global let's map out this week's amazing destinations and travel tips.
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Will
Honestly Will, I didn't plan any trips but I did switch to T Mobile with their new Family Freedom offer.
- [17:48]
JV
That's not the itinerary we're following.
- [17:51]
Will
Well, I'm departing from AT&T and embarking on a new journey with T Mobile. They paid off my family's four phones up to $3200 and gave us four new phones on the house.
- [18:04]
JV
Bon voyage.
- [18:06]
T-Mobile Advertiser
Introducing Family Freedom. Our lowest cost will switch our biggest family savings all on America's largest 5G network. Visit your local T Mobile location or learn more@t mobile.com FamilyFreedom up to $800 per line via virtual prepaid card typically takes 15 days. Free phones via 24 monthly bill credits with finance agreement eg Apple iPhone 16128 gigabyte $8,029.99 Eligible trade in eg iPhone 11 Pro for well qualified credits end and balance due if you pay off.
- [18:30]
JV
Early or cancel Contact T Mobile M2 money supply strategy. You know it's the world's largest Bitcoin treasury firm firm the first one to adopt bitcoin. In fact they did it back in 2020 so they absolutely have the first movers advantage. And now they now have a market cap of north of 120 billion and in 2020 they were down to 400 million and sailor infamously described their capital as melting ice cube. And that's when they decided to adopt Bitcoin and the rest is history. And if you ain't got bitcoin it's a mystery. What are you doing with your life? Time flies as you have fun. But yeah. Headline here fam Monster Week for crypto treasury firms with a $8 billion buying blitz. Blitz. Show me your BTC please. Crypto treasury firms have begun with moves to buy over roughly 8 billion worth of crypto this week and possibly one of the biggest bitcoin corporate grabs in recent history. And also for crypto in general, the altcoins uh analyzed uh Since Monday by 16 company statements they announced the plan to buy or raise money for crypto Ether was the hottest target. Interesting. At least five public companies have bought or have promised the purchase over 3 billion worth of ETH, which is around 40 times more than the amount of ETH issued in the past week. The so called crypto treasury companies are the latest Wall street fad. As traditional financiers often restricted from being able to directly buy crypto related ETFs or Exchange Traded Products, ETPs look to gain exposure. It's a rapidly growing sector Trifector I dare say bitcoin miner BTCS etc Tuesday file plans to sell up to 2 billion in shares to fund the purchases of ether. Joe Lubin's Sharp Link Gaming. He's one of the co founders of ether, already the second largest Ethereum treasury firm boosted the total further by buying 338 million worth of Ethereum with 2 separate buys on Monday and Thursday. As look on chain outlines right here a little proof of work. The Ether machine also scooped up the asset this week, repurchasing or I'm sorry purchasing 15000 ETH for roughly 57 million USD. Meanwhile two more ether buying companies were born this week with biotech firm 180 Life Science rebranding to Ethzilla Corporation in a 425 million deal and merchant banker Fundamental Global rebranded to FG Nexus and a 200 million dollar deal. What's the dealio? You already know Crypto. Treasury companies were also dazzled by the alts. The big alt buying announcement came from Tron Inc. A penny stock by company taken over by Justin Sun's Blockchain, which saw on Monday it won a raise a billion to buy Blockchain. Tron Token. Another three companies signal plans to either buy Solana Sui or bnb, a token with close ties obviously to the Binance Exchange or as Janet Yellen would say, banana. I'm constipated, I gotta do a banana. The most notable treasury firm to form this week was CEA Industries, a Canadian vape company turned BNB buying firm after a takeover by the investment firm 10X Capital. The firm once described itself as a family office A Bance Co Founder CZ Shout out cz. And for those that don't know, CZ is a crypto og one of the wealthiest on paper in crypto, if not the wealthiest. I remember his net worth exceeding $60 billion. And that was years ago. I can only imagine what the man is worth now today. And also a fun fact. He was the richest person to ever serve jail time. You know how he got locked up? Because he pled guilty. Had to pay like a 4.2 billion dollar fine to the SEC. Did a bunch of push ups in jail. But yeah, the wealthiest man to ever serve jail time. Take that. Now for our next big story of the day. This is a game changer for Bitcoin country. Salvadoran President Nig Bo Kele can now officially run for election indefinitely. My understanding personally is that before this rule change he wouldn't have been able to run again. In 2029. So the game has changed. And here's a official post from Fed Chair Nipinator in which he wrote the old rules serve the imf, the new rules serve the people. Bukele made the streets safe. Now he's making the future bulletproof. Number one, the re election has been unlocked. Number two, it's going to be six year terms moving forward instead of five. There's going to be no more rigged runoffs and also 2027 is all power to the people. So the people of El Salvador will get the to decide who the new president is in 2027. So let's break this one down. I also want to read a post honoring Stacy who is honoring obviously Bitcoin country and Nig Bokele. Stacy Herbert, the one running the Bitcoin office there in El Salvador, wrote el Salvador's future is now secure. El Salvador has experienced one of the greatest transformations in history from a failed state into a global symbol of hope. In six years, visitors from across the globe have flocked to El Salvador to witness the miracle for themselves. Yet a lingering question often clouds their excitement for El Salvador's rebirth. What happens after Bukele? That doubt is now history. El Salvador's congress has eliminated the biggest obstacle to the country becoming the Singapore of Latin America. Number one, voters, if they choose, can now re elect the visionary leader and policies that spark this extraordinary turnaround. And number two, investors will have the stability and certainty they need in order to pour capital into El Salvador's unstoppable path to economic miracle. The days of chaos, violence and despair are gone for good. El Salvador will remain on the path to greatness. And here's a great picture of Buchelle. El Salvador is on the path to greatness. Can I get an Amen and massive shout out Stacy Herbert, Max Kaiser and our fearless, you know, Bitcoin President Najib Bukele. And with that being shared, let's dive into the latest surrounding this story. Headlines Salvadoran President Bukele can now run for re election indefinitely. And I just gave you some of the highlights with some of the rule changes. El Salvador's legislative approved legislature approved sweeping constitutional changes including allowing indefinite presidential re election, effectively enabling Bukele to remain in power beyond the current term. The package of five reforms passed in a 57. 3 vote by Bukele's new Ideas Party and allies also extends the presidential term to six years from five and eliminates runoff voting according to the Legislative assembly of El Salvador. Opponents warn that the move concentrates power and threatens democratic institutions as the changes remove term limits that have long served as checks on executive authority. New Idea Lawmaker Anna Figueroa proposed ending Bukele's current term two year earlier to align the scheduling of presidential congressional election. So if approved, Bukele's current term will end June 1, 2027 instead of June 1, 2029. So his term is going to end two years premature to be in alignment now. Figueroa went on to say that these changes will save the taxpayers money. Each runoff election costs state approximately $50 million, so with those resources we can build a new hospital and more schools. Sounds like a win win right there. Also, opposition lawmaker the National Republican Alliance Party was among the three who voted against the proposal. Not surprised there. She reportedly said the vote marked the death of democracy in El Salvador, so here's what she had to say. You don't realize what indefinite reelection brings. It brings an accumulation of power and weakens democracy. There is corruption and clientism because nepotism grows and halts democracy and political participation. Let's map out this week's amazing destinations and travel tips.
- [26:33]
Will
Honestly Will, I didn't plan any trips, but I did switch to T Mobile with their new Family Freedom offer.
- [26:41]
JV
That's not the itinerary we're following.
- [26:44]
Will
Well, I'm departing from AT&T and embarking on a new journey with T Mobile. They paid off my family's four phones up to $3200 and gave us four new phones on the house.
- [26:57]
JV
Bon voyage.
- [26:59]
T-Mobile Advertiser
Introducing Family Freedom. Our lowest cost. To switch our biggest family savings all on America's largest 5G network. Visit your local T Mobile location or learn more@t mobile.com FamilyFreedom up to $800 per line via virtual prepaid card typically takes 15 days. Free phones via 24 monthly bill credits with finance agreement eg Apple iPhone16128Gigabyte $8,029.99 Eligible trade in eg IPH for well qualified credits end and balance due. If you pay off earlier, cancel contact T Mobile now.
- [27:25]
JV
Obviously she's the opposing party, so I'd expect nothing less from her. More importantly, I want to know your thoughts and I want to know the people of El Salvador's thoughts. So if you're tuned in from El Salvador, let me know if this is good news or bad news. In your humble opinion from afar. Clearly I'm not an, you know, Salvadoran citizen. I live in Puerto Rico. I'm a U S citizen. But to me, I mean, it's better the people get to decide even earlier. So if they don't want Bukele, they don't have to vote for him. And guess what? If they do want Bukele, he gets to remain in power. Bitcoin president. And that's a phenomenal thing for people living there for the long haul. As probably the biggest thing that has come up from people is the million dollar question, what happens if Bukele is no longer president? Does the new administration reverse all the greatness that Bukele created? And it doesn't look like that's going to happen, so that's no longer a concern. Bada boom. Win, win. Bitcoin press, let's go. All right, fam. Now for our feature story of the day, the giga Chad Michael Saylor was just interviewed on CNBC and he says he's looking to acquire 1.5 million bitcoin, which is ultimately 7% of the entire bitcoin supply. That's right. Also he had his earnings call for strategy yesterday. Some big announcements I want to break down, including raising 4.2 billion to buy more bitcoin. So let's break her down. A headline here. Reeves Strategy CEO Michael Saylor call. Oh actually the CEO CEO now is actually Fung Lee. So just to be correct there calls it the most misunderstood stock amid record profit and I believe that record profit surpassed $10 billion. So let's break her down. Strategy shares fell 1.4% after hours trading despite posting a company record $10 billion in profit just for the second quarter according to their CEO Fung Lee calling the bitcoin holding company the most misunderstood and undervalued stock in the market. That's right. Strategies operating income rose 7,100% year on year. That's unprecedented by the way, to $14 billion. The the company Sailor Co founded since its earnings statement on Thursday. It marked the second reporting period in which the firm applied fair value accounting, which includes unrealized gains from the biddy. Strategy also announced plans to raise an additional 4.2 billion worth of shares though one of the preferred stocks offering well through one of them to buy more bitcoin. Part of the long term goal to buy 84 billion worth of Bitcoin under the upgraded 4242 plan. Remember the initial plan was the 2121. Well, he just doubled up again. It's now called the 4242. And what's ironic, just like two episodes ago, I remember announcing he just made another two and a half billion acquisition. Well, expect a 4.2 billion acquisition incoming with a continued 40 or 84 billion worth of Bitcoin buys. Holy he is truly going to be buying the top forever. Laura Strategy estimated operating income for the 2025 fiscal year now sits at 34. 4 billion, the 9th largest income among standard and pores 500s P 500 companies. He says strategy boasts the 96th largest market cap and one of the lowest profits to earning multiples amongst all the firms of the S P500. Quoting them here, we have capitalized on the most innovative tech and assets in the history of mankind. On the other hand we've possibly the most misunderstood undervalued stock in the US and potentially in the world. And I tend to believe that because it's the number one Bitcoin, you know treasury play and all the Wall street, it got the first movers advantage and it's out performing everything in existence now. Strategy software arm which covers the business intelligence products and subscription Service brought in 114 million in revenue for the first quarter. Again insane or in the quarter. I should say so. I guess that means second quarter strategies common stock MSTR closed up 1.7% to $401 on Thursday but has fallen 1.4% in after hours. Strategy has now accumulated 628791 BTC worth 73.3 billion to date noted that its Bitcoin yield increased 25 in the second quarter and its Bitcoin gain is now US$13 billion already reaching sailors end of the year target blowing right past it effortlessly. Bitcoin yield represents the percentage change ratio between Strategy Bitcoin and the assumed diluted shares outstanding. And while the Bitcoin dollar gain reflects the gain in Bitcoin's value, it's measured in US dollars. As a result, Strategy is raising its full year Bitcoin yield and Bitcoin gain targets the 30% and $20 billion respectively. According to the CEO, any company that is able to double their targets throughout the the course of the year you would consider that a success. Yeah, I'd say that again. Meanwhile, Strategy said it entered into an agreement to issue and sell up to 4.2 billion worth of shares in one of the preferred stock offerings which will be used to purchase more Bitcoin. We call it the Sailor put hence he is the Bitcoin alchemist. As per Forbes cover magazine, the variable rate series a perpetual stretch prefer stock tickered str STRC has been one of Strategy's main investment investment vehicles to bolster the Bitcoin holdings through what it the firm describes as intelligent leverage. It comes A strategy raised 2 1/2 billion from STRC early July which it used to purchase 21021 Bitcoin, making it the largest U S equity raise already in the year. And they're about to double that mofo. So you already know. I mean they're on the cusp of purchasing another 36000 Bitcoin for 4.2 billion. That means they're going to soon soon. Here have 700000 Bitcoin. And in other news, as I referenced earlier, Sailor just made the rounds on CNBC verifying their goal for strategy is to acquire 1.5 million bitcoin, which is practically another 900000 bitcoin from what they have already accumulated, giving Strategy a total of 7% of the entire bitcoin supply which will ever be in existence. Are we going parabolic? You already know, but there you have it. Let me know your thoughts from Sailor. Continuing to do what Sailor does best, buy bitcoin at the top forever, do you think he'll achieve the the very impressive goal of holding 7% of the Bitcoin supply? I don't put it past them. I mean who else is doing it as big as Sailor? Nobody but you guys. Let me know your thoughts and read your comments out loud. And welcome everyone to the Q A segment of the live stream. And don't forget to check out bitcoinnewsalerts.net for the full premium experience with video and to participate in the live stream along with the Q A. And I look forward to seeing you on tomorrow's episode. Hoddle.