u/AnyDurian9619

Metaplanet announced the establishment of “BitBonds,” a new continuous bond issuance program designed to expand its Bitcoin-focused financing strategy.

According to today’s company notice, the program allows Metaplanet to issue multiple series of bonds with different maturities and interest rates, rather than raising debt through isolated offerings.

The company explicitly says BitBonds will sit alongside equity and other financing tools as a core means of funding its Bitcoin accumulation strategy.

Important distinction: this announcement establishes the program and completes its inaugural issuance process. It does not mean every BitBond is literally collateralized by Bitcoin.

Japan’s Bitcoin treasury company is basically building a dedicated debt-financing machine around its BTC strategy.

Michael Burry disclosed a short position in $NBIS around $211.77, arguing that Nebius faces execution risk, heavy infrastructure spending and balance-sheet concerns.

Then Nebius dropped Q2 earnings and the stock ripped higher, with revenue coming in around $582M, up 454% year over year.

That doesn’t prove Burry wrong. A short thesis can take time, and Nebius still has real risks around capital intensity and customer concentration.

But this is turning into an interesting bull-vs-bear setup:

Explosive AI infrastructure growth vs. the cost of funding that growth.

I’m going against Burry on this one. What side are you on?

The OCC says companies engaged in legally permissible activities, including digital assets and other new technologies, should have a path to becoming national banks.

That doesn’t mean automatic approval. Crypto firms would still have to apply, meet chartering standards, and operate under federal supervision.

But the direction is pretty clear: Washington is making room for digital-asset businesses inside the regulated U.S. banking system rather than keeping them outside it.

The OCC already maintains a public list of digital-asset licensing applications, including applications for new national banks and national trust banks.

“America and the OCC are once again open for business.”

Source: Office of the Comptroller of the Currency (OCC).

The SEC has scheduled an open meeting for Friday, August 14 at 10:00 AM ET to consider proposing a new regulatory framework for certain investment contracts involving crypto assets.

Key word: proposing. These would not become final rules on Friday.

Still, this could be another major step in the SEC’s push toward clearer rules for how crypto projects can raise capital in the U.S. The agency has already been working on separating crypto assets themselves from investment contracts involving those assets.

Worth watching what actually gets proposed and which crypto offerings would qualify.

Trump Media’s new Truth API gives institutional customers a licensed, real-time feed from influential Truth Social accounts. The company itself describes it as a new recurring revenue stream.

Reuters says pricing discussed with Wall Street firms has reached $100K per month.

That’s what makes this more than a political story.

If policy comments can move stocks, bonds, currencies or commodities, then information latency itself becomes something TMTG can sell.

The interesting $DJT question: how many institutions are actually willing to pay for that edge?

Jamie Dimon has warned that the dollar could eventually lose its reserve-currency dominance if the U.S. stops being the world’s preeminent economic and military power.

But here’s the part I find more interesting:

What realistically replaces it?

The euro has structural issues. China maintains significant capital controls. Gold doesn’t run modern payment systems. Bitcoin has a completely different risk profile. A diversified basket might be more realistic than one currency simply taking the dollar’s crown.

So maybe the real bear case for USD isn’t replacement. It’s gradual fragmentation of global reserves and less automatic demand for dollar assets.

What does a genuinely multipolar reserve system look like?

Everyone saw the roughly $1.4B debt-for-equity exchange and immediately focused on dilution.

But this part of the filing matters:

GME says the new shares are being issued through a private placement relying on Section 4(a)(2).

SEC guidance on 4(a)(2) says purchasers must agree not to resell or distribute the securities to the public.

That doesn’t mean the shares can never move. It means they’re not the same thing as immediately unrestricted shares dumped straight into the public market. Resales can potentially occur through registration or another available exemption.

Hedging may still be part of the picture, but that’s separate from saying the actual exchange shares are immediately hitting the tape.

The share-count dilution is real. The near-term tradable-supply question is more nuanced.

Buffett spent years stacking cash like the final boss of value investing.

Berkshire after he leaves the room for five minutes: “So anyway, we started buying.”

No CLARITY Act vote before the August recess.

Senate leadership says they plan to bring it back when lawmakers return, but the clock is getting tighter.

Source: https://www.barrons.com/articles/clarity-act-senate-vote-crypto-81afd430

The idea: GameStop’s authorized buyback is roughly the same size as the cash needed to exercise all outstanding warrants at $32.

GameStop closed Thursday up 1.16% at $19.23, with a market cap around $8.63B.

Meanwhile, GME warrants closed at $1.70, down 3.41%.

Up to 911.5 million $SPCX shares are now eligible to trade, taking the public float from roughly 639 million to 1.55 billion.

New drops, PSA grading, trade-ins, graded inventory, Power Packs, and now a major eBay position.

The strategy looks a lot less random when you put all the pieces together.

Source: https://x.com/i/status/2085353291790098744