Michael Saylor sold the bottom. Bitcoin rallied anyway.

Strategy sold $2 billion of stock last week and bought no Bitcoin with it. Its holdings sat unchanged at 840,447 BTC while Bitcoin posted the largest weekly dollar gain in its history. Scott Melker explains why that matters more than the rally: Michael Saylor was forced to sell near the lows, Bitcoin ran from the low 60s to nearly $80,000 without him, and $1.59 billion of that raise is now unrestricted cash he has not spent. Meanwhile Tom Lee's BitMine bought another 32,447 ETH. Plus $1.92 billion into Bitcoin ETFs, BitMart hiring restructuring counsel, Standard Chartered's Hong Kong dollar stablecoin, and crypto card spending topping $1 billion. Timestamps 00:00 Second-best week since 2021 00:46 The largest weekly dollar gain in Bitcoin history 01:37 Why this stopped being a short squeeze 02:24 $1.92 billion into Bitcoin ETFs, the biggest in ten months 03:04 The level that ends the bear market, and why a dip would help 04:36 Strategy raised $2 billion and didn't buy Bitcoin 05:35 The $1.59 billion that isn't spoken for 06:40 From sucking up Bitcoin to sucking up dollars, and Tom Lee's opposite bet 08:00 The narrative that just broke, and what it feels like to sell the low 09:24 BitMart hires restructuring counsel 11:04 Standard Chartered's Hong Kong dollar stablecoin 11:59 Crypto card spending tops $1 billion 12:54 Adoption hiding behind a Visa logo 13:44 How Not To Invest: Term Finance and Sandbox #Bitcoin #MichaelSaylor #Strategy #MSTR #TomLee #Ethereum #Stablecoins #BitMart #DailyWolf #ScottMelker #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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