The Breakdown With NLW Episode

If You Sell Your Bitcoin, Michael Saylor and Jack Dorsey WILL Buy It

Square added $170M in bitcoin to its reserves last quarter, while MicroStrategy announced a fresh $1B bitcoin buy today.

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ABOUT

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Square added $170M in bitcoin to its reserves last quarter, while MicroStrategy announced a fresh $1B bitcoin buy today.

This episode is sponsored by Nexo.io.

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Today on the Brief:

  • Fed Chair Jerome Powell comments on markets and digital currency
  • Cathie Wood’s ARK faces toughest stretch since last September
  • India’s latest anti-crypto sentiment

Our main discussion: More news on corporate bitcoin buying. NLW discusses:

  • Square’s Q4 and overall 2020 bitcoin performance in terms of revenue and profit
  • Square’s latest bitcoin purchase of ~3,300 BTC for $170 million
  • MicroStrategy’s latest >$1B bitcoin purchase, bringing the total to more than 90,000 BTC
  • Why these announcements are losing their power to move markets

See also: MicroStrategy, Square Bought Bitcoin High, Then the Price Fell

Image credit: Canan turan/iStock/Getty Images Plus

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.

Nathaniel Whittemore
If You Sell Your Bitcoin, Michael Saylor and Jack Dorsey WILL Buy It