💸 MICROSTRATEGY STACKS

Michael Saylor Announces 480 Bitcoin Buy For MicroStrategy
By Shawn Amick

Michael Saylor, CEO of MicroStrategy, announced the company has purchased an additional 480 bitcoin for $10 million, with an average cost of $20,817 per bitcoin.
The news come with a glimpse of relief for some of the community, as there were rumors running around that his position could be close to being liquidated with this downturn — which he denied and mentioned:
“We did a lot of backtesting and I’ve gone back and looked at the numbers,” Saylor explained in the interview. “On August 10, 2020 when we announced our $250 million bitcoin buy, since then, bitcoin is up 72%.” – Michael Saylor
Saylor often repeats, "Bitcoin is hope," and yesterday, many felt that, knowing that the fundamentals are unchanged, and that he is all in with the Bitcoiners.

🏠 FIAT REAL ESTATE

Bitcoin SongSheet: The Fiat Reality Of Real Estate
By Jimmy Song

With real estate becoming American's primary store of value and the driver of many people's "savings," the actual purpose of land ownership is lost. The property rights involved with fiat create a false sense of ownership, but in reality, the state owns that property. If you do not pay your property taxes, you will have it taken away from you.
In addition, the financialization of home ownership has led to a poisoning of what should be the supply of living space for human beings, including ever decreasing quality of building materials being used. This leads to shorter lifespans for the buildings which we inhabit. With Bitcoin, we now have a true store of value, which returns real estate to the properties that allowed it to once be attainable, sustainable and high quality.

📰 THE DAILY BITS

Mercury Wallet’s Roadmap To Bitcoin Scalability And Privacy
By Shawn Amick

The Mercury Wallet is a new Bitcoin Layer 2 scaling technology that enables off-chain transfers and settlements of Bitcoin outputs that remain under the full custody of the owner at all times, while benefiting from instant and negligible cost transactions.
Utilizing the concept of statechains and statecoins, Mercury Wallet allows users to transfer full custody of an amount of BTC to anyone in a secure and almost instant manner without requiring an on-chain transaction, and thus reducing fees considerably.
The author of this article explains everything you need to know about Mercury Wallet, how it builds on the Lightning Network and how the integration of both protocols could accomplish substantial growth for the Bitcoin network in terms of privacy, security and optionality.

Bitcoin Magazine PRO Contagion Report
By Dylan LeClair and Sam Rule

Bitcoin Magazine PRO has released a report on the contagion in the industry. The report begins with a detailed explanation of what transpired leading up to the crises, including a thorough evaluation of the actors, services, and investment vehicles in particular that contributed to the industry-wide liquidity/solvency crisis. Click below to read the preview.

MEME OF THE DAY