Latest news with #Saylor
Perth Now
12 hours ago
- Entertainment
- Perth Now
Kristin Cavallari's children begged her to put them on social media
Kristin Cavallari's children begged her to put them on social media. The 38-year-old reality star is mother to Camden, 12, Jaxon, 11, as well as nine-year-old Saylor with her ex-husband Jay Cutler, and insisted that keeping them off her platforms forever was just "not realistic" even though she would want it to be that way. She told People: "They have been asking me for years to post them. I guess it was maybe a year and a half ago that I finally posted Camden. He's almost 13, Saylor is nine — she'll be 10 in the fall. It's sort of the curse of being the second or the third kid. They just sort of naturally do what the oldest is doing. In my perfect world, would they all be 12 [before] deciding if they were posted? Sure. But also, it's just not realistic." However, the former 'Laguna Beach' star does enjoy being able to share her children with her fans because they have been the "biggest part" of her life since they were born, and she wasn't able to let people in as much as she may have wanted to without showing them. She said: "It is nice for me to be able to show that with people because my kids are the biggest part of my life. They always have been since I became a mom. "And I could only let people in so much without showing my kids, so to be able to now share that world with everybody? People [can] see at the end of the day, I am just a normal mom. That is my life." Kristin also isnsited that she is just like "every other parent" and thinks that is "good" for others to see that sort of thing because she believes that a lot of people have certain misconceptions about her. She said: "I'm going to basketball practice and games like every other parent. I'm at school. I was on a field trip last Friday. I am doing all the normal mom things. "And I think it's probably good for people to see because I think people's idea of me is very different than who I actually am."
CNBC
2 days ago
- Business
- CNBC
Saylor's bitcoin buying strategy is 'exploding' globally, but Wall Street is skeptical
LAS VEGAS — The bitcoin treasury play that lifted Strategy's market cap past $80 billion is now being mimicked by meme stock companies, media firms, and multinational conglomerates. But Wall Street isn't buying all the hype. This week, Trump Media announced plans to raise $2.5 billion to buy bitcoin, and GameStop revealed a $500 million allocation. Meanwhile, Tether, SoftBank, and Strike's Jack Mallers unveiled Twenty One, a bitcoin-native public company expected to launch with more than 42,000 bitcoin on its balance sheet, enough to make it the third-largest corporate holder of the asset globally. For now, the market doesn't see the next Strategy in any of them. Trump Media shares have dropped more than 20% since the announcement, while GameStop is down nearly 17%. Strategy, formerly known as MicroStrategy, has multiplied by 26 times since the end of 2022, amassing a bitcoin stake worth over $60 billion. "Maybe the market wanted them to buy more bitcoin," said Strategy Chairman Michael Saylor in an interview at Bitcoin 2025 in Las Vegas. "But these are short-term dynamics. Over the long term, bitcoin on the balance sheet has proven to be extraordinarily popular." Saylor called Trump Media's move "courageous, aggressive, and intelligent" — and said the flood of similar announcements marks a global shift in corporate finance. "Everywhere I go at this conference, someone says, you know, I'm working on a bitcoin treasury company in Hong Kong. I'm doing this thing in Korea. I've got this thing I'm working on in Abu Dhabi. We're going to do this in the Middle East, you know, we've got this in the U.K.," he said. "There's an explosion of interest right now." Saylor said bitcoin ambassadors are "planting the orange flag everywhere on earth." What began as a fringe financial maneuver is quickly becoming a geopolitical race. Under the Biden administration, corporate bitcoin adoption was often treated as a regulatory red flag. But under President Donald Trump, the tone has changed. In March, Trump signed an executive order establishing a U.S. Strategic Bitcoin Reserve, instructing federal agencies to treat bitcoin as a long-term store of value. The reserve will be funded entirely through bitcoin seized in criminal and civil forfeiture cases, according to White House Crypto and AI Czar David Sacks. The order also empowers the government to explore additional budget-neutral mechanisms for acquiring more bitcoin. For the first time, the federal government will conduct a full audit of its digital asset holdings, currently estimated at more than 200,000 bitcoin. The order explicitly prohibits the sale of any bitcoin from the reserve, cementing its role as a permanent sovereign asset. Vice President JD Vance this week became the first sitting vice president to address the bitcoin community directly, framing crypto as a hedge against inflation, censorship, and "unelected bureaucrats." And in a further move to boost bitcoin, the Department of Labor rolled back guidance that had discouraged bitcoin investments in retirement plans. "No force on Earth can stop an idea whose time has come," Saylor said. "Bitcoin is digital capital and maybe the most explosive idea of the era." Some corners of the corporate world are still resistant. Late last year, Microsoft shareholders rejected a proposal to use some of the software company's massive cash pile to follow Saylor's lead. In a video presentation supporting the effort, Saylor told investors that "Microsoft can't afford to miss the next technology wave." While Strategy has reaped the rewards of early adoption, Saylor suggested the market's cooler reaction to Trump Media and GameStop may stem more from structural financing dynamics than from skepticism toward bitcoin itself. He pointed to GameStop's initial announcement that it was considering a bitcoin strategy, which led to a 50% pop in the stock and tenfold increase in trading volume. The company quickly capitalized on the momentum with a $1.5 billion convertible bond raise — a move he described as "extraordinarily successful." Trump Media took a similar approach, raising capital through a large convertible bond offering. Saylor said those financing methods can create short-term downward pressure, but that over time investors will benefit. When it comes to Strategy, Saylor said there's no ceiling to his bitcoin accumulation plans. His company is already by far the largest corporate holder of the cryptocurrency. "We'll keep buying bitcoin," he told CNBC. "We expect the price of bitcoin will keep going up. We think it will get exponentially harder to buy bitcoin, but we will work exponentially more efficiently to buy bitcoin." For critics who worry that state and media actors embracing bitcoin will undermine its decentralized ideals, Saylor argues the opposite. "The network is very anti-fragile, and there's a balance of power here," he said. "The more actors that come into the ecosystem, the more diverse, the more distributed the protocol is, the more incorruptible it becomes, the more robust it becomes, and so that means the more trustworthy it becomes to larger economic actors who otherwise would be afraid to put all of their economic weight on the network."
Yahoo
2 days ago
- Business
- Yahoo
Saylor has a shocking backup plan if Strategy stock crashes below $1
Saylor has a shocking backup plan if Strategy stock crashes below $1 originally appeared on TheStreet. At the Bitcoin conference in Las Vegas, Strategy's Executive Chairman, Michael Saylor, addressed concerns surrounding the company's market performance, specifically where there was speculation on what would happen if its multiple to net asset value (mNAV) dropped below 1 (which occurred in a prior bear cycle). Saylor drew a stark contrast between Strategy and the Grayscale Bitcoin Trust (GBTC), stating that while GBTC was a closed-end trust without any capital structure flexibility, Strategy operated as a fluid business. "For any company to fall below one mNAV, shareholders have lost faith in the management," he said, as per Coindesk reports. He explained that if the stock price of Strategy fell low enough, the company could sell some of its financial products, such as STRK and STRF, to raise money, and then use that money to buy its stock. This would improve the stock price and communicate to investors that the company is strong and in control. "To create value, you need option value. The more options, the greater the value," Saylor explained. Saylor emphasized Strategy's access to three capital markets from ATM, which he termed the foundation of the company. 'What makes our company a monster,' he concluded, 'is having multi-channel liquidity and operational flexibility.' Saylor's conclusion about Strategy's flexibility to navigate future volatility. Yesterday, on May 29, MicroStrategy shares remained stable, indicating that MicroStrategy's shareholders are confident in Bitcoin's long-term potential as a cryptocurrency, given that MicroStrategy's investment strategy centers on holding Bitcoin. Bitcoin fell approximately 1.65% over 24 hours to approximately $106,009, while MicroStrategy shares incrementally gained approximately 0.64% to $366.57. Bitcoin is currently trading at $105,262.05, down about 1.60% as Kraken's price indicates, and MicroStrategy's stock is currently also down about 1.69%, nearly the same amount that Bitcoin declined in the last 24 hours. Saylor has a shocking backup plan if Strategy stock crashes below $1 first appeared on TheStreet on May 30, 2025 This story was originally reported by TheStreet on May 30, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Michael Saylor Outlines Strategy's Bear Market Playbook at Bitcoin Vegas
At the Bitcoin conference in Las Vegas, Strategy (MSTR) Executive Chairman Michael Saylor was asked how the company would respond if its multiple to net asset value (mNAV) fell below 1, as it did during the previous bear market. In response, Saylor drew an analogy to the Grayscale Bitcoin Trust (GBTC), stating, 'GBTC is a closed-end trust… a corporate entity that has no operational flexibility to manage its capital structure.' He emphasized that unlike GBTC, Strategy is an operating business with the ability to take on debt and manage its capital dynamically. Saylor argued that 'for any company to fall down to below 1 mNAV, the shareholders have lost faith in the management structure of the business.' If Strategy's stock 'went to $1 tomorrow,' he said, the company would respond by selling its preferred stock or fixed income instruments STRK and STRF and use the proceeds to repurchase common stock, thereby recapitalizing the company. Highlighting the importance of flexibility, Saylor stated, 'To create value, you need to create option value to generate as much optionality as possible. The more options, the greater the value.' He concluded by asserting, 'The thing that makes our company a monster is having multiple at-the-market offerings (ATMs) in multiple capital markets,' underscoring Strategy's multi-channel access to liquidity and financial resilience. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Eric Trump Reveals Advice From Michael Saylor: Mortgage Mar-A-Lago And Take $2 Billion To Invest In Bitcoin
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Eric Trump, the executive vice president of The Trump Organization, was all praise for Strategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor on Wednesday, stating that Bitcoin (CRYPTO: BTC) is "fortunate" to have him. What Happened: Speaking at the Bitcoin 2025 conference in Las Vegas, Trump recalled how Saylor attempted to persuade him to invest in the apex cryptocurrency. "You need to mortgage Mar-a-Lago right now. You need to take $2 billion out of Mar-a-Lago and need to go long Bitcoin," Trump quoted Saylor as saying. Trending: — no wallets, just price speculation and free paper trading to practice different Trump mentioned how Saylor advises everyone to follow his Bitcoin playbook and how it's an 'incredible opportunity' to capitalize on. "I've never seen that in any other industry where you have the titan of the industry that's literally advocating for smart people to compete against them," he said about Saylor. Meanwhile, when asked for a prediction, Trump said Bitcoin would clear $170,000 in a It Matters: These remarks come a day after Trump Media & Technology Group (NASDAQ:DJT) announced it will use the proceeds of a $2.5 billion private offering to create a Bitcoin reserve, a playbook popularized by Saylor's firm Strategy. Donald Trump Jr., Eric's elder brother, said at the same conference earlier that they were "seriously long" on Bitcoin and committed to the leading cryptocurrency. The Trump family's investments in cryptocurrencies were steadily growing. They previously made strategic bets on Bitcoin mining along with ties to the decentralized finance platform World Liberty Financial. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Photo Courtesy: Maxim Elramsisy On Send To MSN: Send to MSN This article Eric Trump Reveals Advice From Michael Saylor: Mortgage Mar-A-Lago And Take $2 Billion To Invest In Bitcoin originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
