0xTodd ( thinking )|Jun 26, 2026 09:41
I found that some people really don't understand English 。
Firstly, regarding the OTC transaction to save Weice, it is currently only Mow's personal idea and not a transaction that has already been implemented.
Let me help you sort out the interests here:
BSTR is a new Bitcoin treasury, and its owner is the well-known Adam Back.
Mow and Adam had a close relationship during their time at Blockstream, but Mow did not actually hold any relevant positions in BSTR.
Then BSTR adopted the idea of going public through a backdoor listing, which was originally planned to go public last year, but has not been successful and will probably be postponed until July of this year.
It currently holds approximately $1 billion in PIPE (totaling $1.5 billion). That is to say, when it goes public, some institutions say they want to subscribe for so much money, but the money has not yet been received.
People say that shaving one's head and picking a child cannot be a hot topic, but now this transaction is zero hot. Weice has not made a statement, Adam has not made a statement, and even the money has not been received 。
Additionally, to add a few words, one difference in thinking between BSTR and MicroStrategy is that BSTR accepts investors to subscribe with Bitcoin.
So, Adam Back produced 25000 bitcoins himself, along with over 5000 bitcoin equivalent PIPEs.
However, it must be said that this proposal is a good one.
Micro Strategy is currently short of money, and the discount of STRC is too severe. It is estimated that he will not be able to issue new preferred stocks to raise funds in the short term.
If they give these bitcoins to BSTR at the low OTC price of 60000, although they incur losses (with an average cost of around 7.50), fortunately, they are decent as they do not cause any damage to the market, so it will take a while to continue.
The transfer of the sacred flame from Big Brother Caiku to the new brother also reflects a sense of unity in the Bitcoin community's inheritance.
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