Uploaded July 2026 | Updated September 2026, 2 weeks ago
📢 Bits + Bips has its own channel now — full episodes here: youtube.com/@UCuKiSkbYrUOOEEiYQEVPniQ
For years, Michael Saylor's Strategy was the market's most dependable Bitcoin buyer. Recently, it has done the opposite.
Strategy just sold 3,588 Bitcoin for roughly $216 million, its largest single tranche yet, deepening the question of whether Michael Saylor has become a structural seller instead of a buyer.
Ram Ahluwalia, Austin Campbell, and Chris Perkins break down the STRC dividend mechanics behind the sale, the bull case for a catch-up trade, and the bear case if Bitcoin never rallies back.
Hosts:
👉 Austin Campbell, Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell
👉 Ram Ahluwalia, Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia
👉 Chris Perkins, Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97
This clip is from a longer conversation on Strategy's Bitcoin sale, the stablecoin wars, and the token versus equity debate. Full episode here: youtube.com/live/H3z68SYty0k
We go live every Monday at 4:30pm ET. Subscribe to catch it live.
Sponsor:
👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).
Chapters:
💰 00:00 Strategy's record $216M Bitcoin sale: the numbers behind the disclosure
📉 01:14 mNAV falls below 1 for the first time, and the STRC dividend framework
🔁 02:31 Why Ram says selling Bitcoin beats issuing more MSTR shares
⚖️ 04:21 The bear case: what happens if Bitcoin doesn't rally from here
✈️ 05:24 Chris on Saylor's three-body problem after a week of conferences in London
_______________________________________________________
#bitcoin #ethereum #crypto #cryptocurrencies
++++++++++++++++++++++++++++++++++++++++++++++++
Subscribe to our channel!
Website → unchainedcrypto.com
Unchained Daily Newsletter (FREE!)→ unchainedcrypto.beehiiv.com/subscribe
Unchained X → https://x.com/unchained_pod
Apple → podcasts.apple.com/us/podcast/id1123922160?ls=1
Spotify → open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w
RSS Feed → https://feeds.megaphone.fm/LSHML4761942757
Unchained: Your no-hype resource for all things crypto!
📢 Bits + Bips has its own channel now — full episodes here: youtube.com/@UCuKiSkbYrUOOEEiYQEVPniQ
For years, Michael Saylor's Strategy was the market's most dependable Bitcoin buyer. Recently, it has done the opposite.
Strategy just sold 3,588 Bitcoin for roughly $216 million, its largest single tranche yet, deepening the question of whether Michael Saylor has become a structural seller instead of a buyer.
Ram Ahluwalia, Austin Campbell, and Chris Perkins break down the STRC dividend mechanics behind the sale, the bull case for a catch-up trade, and the bear case if Bitcoin never rallies back.
Hosts:
👉 Austin Campbell, Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell
👉 Ram Ahluwalia, Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia
👉 Chris Perkins, Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97
This clip is from a longer conversation on Strategy's Bitcoin sale, the stablecoin wars, and the token versus equity debate. Full episode here: youtube.com/live/H3z68SYty0k
We go live every Monday at 4:30pm ET. Subscribe to catch it live.
Sponsor:
👉 Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).
Chapters:
💰 00:00 Strategy's record $216M Bitcoin sale: the numbers behind the disclosure
📉 01:14 mNAV falls below 1 for the first time, and the STRC dividend framework
🔁 02:31 Why Ram says selling Bitcoin beats issuing more MSTR shares
⚖️ 04:21 The bear case: what happens if Bitcoin doesn't rally from here
✈️ 05:24 Chris on Saylor's three-body problem after a week of conferences in London
_______________________________________________________
#bitcoin #ethereum #crypto #cryptocurrencies
++++++++++++++++++++++++++++++++++++++++++++++++
Subscribe to our channel!
Website → unchainedcrypto.com
Unchained Daily Newsletter (FREE!)→ unchainedcrypto.beehiiv.com/subscribe
Unchained X → https://x.com/unchained_pod
Apple → podcasts.apple.com/us/podcast/id1123922160?ls=1
Spotify → open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w
RSS Feed → https://feeds.megaphone.fm/LSHML4761942757
Unchained: Your no-hype resource for all things crypto!
