I keep seeing people equating mstr and ftx ... I think it's more like gBTC (grayscale) with a little leverage and a cash pile to pay debt
They have 850k + BTC, they don't go away or explode overnight. This isn't ftx rehypothecating.
So I think the fall in strc takes away saylors latest venture for acquiring more BTC, they probably have to eat at their cash for a while to pay dividends, there's nothing to implode yet tho ...
If BTC stays down here or lower for 2-3 years then maybe
Otherwise... Just like grayscale, they'll continue to exist even if they're not the focus
cuban
npub17n…p4u85
2026-06-19 18:12:10 UTC
Author Public Key
npub17nvfw7g53nxjghyd2zg552z06cke0jc0k69hj7ns7f9pw26j9kusap4u85Published at
2026-06-19 18:12:10 UTCEvent JSON
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"content": "I keep seeing people equating mstr and ftx ... I think it's more like gBTC (grayscale) with a little leverage and a cash pile to pay debt\n\nThey have 850k + BTC, they don't go away or explode overnight. This isn't ftx rehypothecating. \n\nSo I think the fall in strc takes away saylors latest venture for acquiring more BTC, they probably have to eat at their cash for a while to pay dividends, there's nothing to implode yet tho ...\n\nIf BTC stays down here or lower for 2-3 years then maybe\n\nOtherwise... Just like grayscale, they'll continue to exist even if they're not the focus",
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