Mad Money
“can leave it to earn a lot or it can take some and integrate,”
‘Michael Saylor’s $40BN Bitcoin Bet.’
As a reminder, Saylor began his Bitcoin journey in August 2020, when he diverted $250 million from the company’s treasury reserves to the maiden cryptocurrency. Soon afterward, it became a long-term strategy of accumulation, during which Strategy spent billions of dollars on BTC.
In late June, he shared charts showing MSTR outperforming BTC and tech stocks over three-month and one-year periods, arguing that buying Bitcoin, even at its all-time highs, still made sense based on long-term holding data. At the same time, he warned that institutional adoption might limit BTC access for individual investors.
Meanwhile, Apple has been forced to allow crypto payment links in iOS apps. Specifically, a United States District Court court ruling ordered it to permit developers to link to non-fungible token (NFT), DeFi, and external crypto services on iPhones, as external payment options free of Apple’s fees.
Earlier, Cardano founder Charles Hoskinson that what he saw as increasing participation by tech companies like Apple in the crypto space could entice other large corporations into it. At the same time, he believes the price of Bitcoin 50 $250,000 by the end of 2025.
Stablecoin payments are already available on Apple Pay through the integration with Mesh, a global crypto payments network. Unveiled during a Token2049 event in Dubai, this capability has allowed Mesh-partnered merchants to accept crypto payments through Apple Pay without building their own crypto infrastructure.
