Crypto
Michael Saylor’s Bitcoin Playbook Backfires on 100+ Companies
Digital asset treasury companies that rushed to copy Michael Saylor’s Bitcoin strategy are now hemorrhaging shareholder value, with median stock prices down 43% year to date, even as the broader market climbs higher, as per .Source: Bloomberg
More than 100 publicly traded companies transformed themselves into cryptocurrency-holding vehicles in the first half of 2025, borrowing billions to buy digital tokens while their stock prices initially soared past the value of the underlying assets they purchased.
The strategy seemed unstoppable until market reality delivered a harsh correction.Strategy’s Model Spawns Industry-Wide Collapse
Strategy Inc.’s Michael Saylor pioneered the approach of converting corporate cash into Bitcoin holdings, transforming his software company into a publicly traded cryptocurrency treasury.
The model worked spectacularly through the mid-2025, attracting high-profile investors, including the Trump family.
SharpLink Gaming epitomized the frenzy. The company pivoted from traditional gaming operations, appointed an Ethereum co-founder as chairman, and announced massive token purchases.
💰Sharplink Gaming added $80M in Ether to its reserves, lifting total holdings to $3.6B and cementing its spot as the second-largest corporate holder of ETH. — Cryptonews.com (@cryptonews)
Its stock exploded 2,600% within days before crashing 86% from peak levels, leaving total market capitalization below the value of its Ethereum holdings at just 0.9 times crypto reserves.
Bloomberg data tracking 138 U.S. and Canadian digital asset treasuries shows the median share price has fallen 43% year-to-date, dramatically underperforming Bitcoin’s modest 7% decline.
In comparison, the S&P 500 gained 6% and the Nasdaq 100 rose 10%.
Strategy shares have dropped 60% from their July highs, even as they have risen by more than 1,200% since the company began buying Bitcoin in August 2020.Source: Bloomberg
“Investors took a look and understood that there’s not much yield from these holdings rather than just sitting on this pile of money,” B. Riley Securities analyst Fedor Shabalin told Bloomberg.Debt Obligations Expose Structural Flaws
The fundamental problem plaguing these companies stems from how they fund cryptocurrency purchases.
Strategy and its imitators issued massive amounts of convertible bonds and preferred shares, raising over $45 billion across the industry to acquire digital tokens that generate no cash flow.
These debt instruments carry substantial interest and dividend obligations that cryptocurrency holdings cannot service, creating a structural mismatch between liabilities that require regular payments and assets that produce zero income.
Strategy faces annual fixed obligations of approximately $750 million to $800 million tied to preferred shares.
Companies that avoided Bitcoin for smaller, more volatile cryptocurrencies suffered the steepest losses.
Alt5 Sigma, backed by two Trump sons and planning to purchase over $1 billion in World Liberty Financial’s WLFI token, has crashed more than 85% from its June peak.Source:
Strategy attempted to address funding concerns by raising $1.44 billion in dollar reserves through stock sales, covering 21 months of dividend payments.Saylor Admits Potential Bitcoin Sales
The industry now faces its defining moment. Strategy CEO Phong Le the company would sell Bitcoin if needed to fund dividend payments, specifically if the firm’s market value falls below its cryptocurrency holdings.
Those comments sent shockwaves through the digital asset treasury sector, given Saylor’s repeated insistence that Strategy would never sell, famously joking in February to “sell a kidney if you must, but keep the Bitcoin.“
At December’s Binance Blockchain Week, Saylor the revised approach, stating that “when our equity is trading above the net asset value of the Bitcoin, we just sell the equity,” but “when the equity’s trading below the value of the Bitcoin, we would either sell Bitcoin derivatives, or we would just sell the Bitcoin.“
The reversal raises fears of a downward spiral where forced crypto sales push token prices lower, further pressuring treasury company valuations and potentially triggering additional selling.
Strategy’s monthly Bitcoin accumulation has collapsed from 134,000 BTC at the 2024 peak to just 9,100 BTC in November, with only 135 BTC added so far in December.
The company now holds approximately 650,000 BTC, valued at over $56 billion, representing more than 3% of Bitcoin’s maximum supply.
Market participants worry that leveraged traders using borrowed money to invest in these companies could face margin calls, forcing broader market selloffs.
Strategy has created a $1.4 billion reserve fund to cover near-term dividend payments, but shares remain on track for a 38% decline this year despite the company’s massive Bitcoin holdings.
Crypto
Pantera Signals 2026 Crypto Breakout After 2025 Quietly De-Risked Markets
Crypto
St. Augustine Film Festival will honor creator of film about crypto scams
See Wreaths Across America 2025 at St. Augustine National Cemetery
Participants at the annual event place more than 1,000 wreaths on tombstones of service men and women.
Ben McKenzie will receive a Career Achievement Award at the St. Augustine Film Festival Jan. 10 prior to the screening of his documentary, “Everyone is Lying to You for Money.”
The former star of “The OC” wrote, directed and produced the film while writing his New York Times bestseller “Easy Money,” which spotlights cryptocurrency as a large-scale scam.
Working in collaboration with journalist Jacob Silverman, the film includes interviews with currently jailed cryptocurrency industry leaders and celebrities now facing trials for misleading the public on the value of cryptocurrencies as virtual money.
Sporting degrees in economics and political science from the University of Virginia, McKensie traveled to El Salvador – also known as Bitcoin city – and London’s banking district to showcase fraud perpetrated by Alex Mashinsky, the founder and CEO of Celsius Network, who was sentenced to 12 years in prison for one count of commodities fraud and one count of securities fraud.
New York prosecutors accused Mashinsky with deceiving clients about the company’s finances and manipulating the price of Celsius’ token, which caused billions of dollars in losses.
The movie also includes interviews with individuals who were part of the scam before it collapsed, McKensie’s testimony before Congress following the arrest of Sam Bankman-Fried and his trip to El Salvador.
“I turned the cameras on to document the difference between the marketing campaign and the reality of what was happening on the ground,” he told the St. Augustine Record. “Cryptocurrency was perpetuated by a very small number of people who made a lot of money in an industry rife with fraud, corruption and criminal activity.”
McKensie underscored the film as an unusual comedy that he’s deeply proud of.
“The film highlights the idea of avoiding intermediaries as appealing, but creating a currency that bypasses a banking system would never work,” he said. “The idea of investing in this obtuse thing that was hard to understand evolved/metastasized to exhibit the worst parts of our current system.”
McKensie described the “command tactic” of the get rich scheme as a con man tactic that lured people in as Bitcoin emerged during the wake of a financial crisis.
Bankman-Fried, the founder of the FTX cryptocurrency exchange, was eventually convicted of wire, securities and commodities fraud along with money laundering and conspiracy and sentenced to 25 years in prison.
McKensie’s involvement was born and bred from COVID, “when I had time on my hands to check the financial markets.”
“I’m not an economist, but I love theory and behavioral economics,” he said. “I especially love the writings of the Nobel Prize winning economist Robert Schiller, who talks about things that were applicable to crypto that naturally occur in Ponzi schemes.”
Convinced that no one was monitoring the “price of a speculative asset rising far beyond what it was worth in terms of practical use in the real world,” McKensie turned to social media as a platform to show that “crypto was getting out of hand.”
Posts connected him to Silverman and together they worked on reporting on the ill-fated concept. It didn’t take long before a book proposal landed on his desk.
“Then it was off to the races,” he said.
“I’ve met a lot of really interesting people I never would have met if not for the book,” he said. “I’ve never done anything like this before so I’m really glad I did.”
McKensie said that Greg von Hausch, co-founder of the SAFF, was persistent in adding “Everyone is Lying to You for Money” to the festival.
While the success of the book and the film remain paramount to an actor who hedged his bets in New York because of his love of “the art,” the Texas native has a long and successful acting resume that includes stints on Broadway for “Grand Horizons,” which received a Tony nod for Best New Play, an appearance in “Junebug” with Amy Adams and one in “88 Minutes” starring Al Pacino. Other film credits include the indie film “Johnny Got His Gun” and “Some Kind of Beautiful” with Pierce Brosnan and Salma Hayek.
Other film credits include “Decoding Annie Parker” opposite Helen Hunt and a starring role in the short film “The Eight Per Cent of the 2009” shown in New York’s Tribeca Film Festival.
In 2009, he returned to series television in “Southland,” portraying a patrol officer in Los Angeles. McKensie also starred as Detective James Gordon in the series “Gotham,” detailing Gordon’s rise in Gotham City before Batman’s appearance.
McKensie made his directorial debut in Season 3 of “Gotham” where he met his then co-star and now wife, Morena Baccarin, who is the mother to his two children. The family resides in New York.
Crypto
Discover the Top Hottest Meme Coins of 2026
Embrace the future of cryptocurrency with the latest meme coins, offering unique opportunities and connection to internet culture. Explore an extensive overview of the top tokens in this rapidly evolving market.
Our comprehensive assessments explore the usability, security, features, and community support provided by these tokens. Acquire the knowledge necessary to confidently select your ideal meme coin.
The Best Meme Coins in 2026
Solaxy is not just a meme coin. Yes, the Pepe-Einstein mascot and vibrant illustrations scream meme coins, but Solaxy has much more going on.
The project is building a layer-2 scaling solution for Solana that shakes up the game by tackling network congestion. How? By processing transactions off-chain and bundling them for final verification. That means lower fees, lightning-fast speeds, and smooth trading.
That’s just the start. The white paper teases bigger plans, including cross-chain compatibility with Ethereum. This could unlock massive opportunities in NFTs, gaming, and DeFi.
The community is growing at breakneck speed, with 70,000+ strong on X (Twitter), and the Solaxy (SOLX) presale is racing ahead. It has raised around $31 million already.
Early investors in Solaxy are also earning big from the staking program that boasts a jaw-dropping 160% APY, with nearly 7 billion tokens already locked. The passive rewards curb early sell-offs and rewards long-term believers.
Solaxy isn’t just about hype. It’s built for sustainable growth. A hefty 25% of the total supply is set aside for community rewards for continued engagement. Meanwhile, 30% fuels project development. SOLX is clearly one of the hottest meme coins to buy now.
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Innovative Layer-2 Solution for the Solana Ecosystem With More Reliable Transactions
Snorter is the adventurous project that combines meme coin energy with serious trading power. It is a full-featured Telegram bot that makes trading Solana tokens fast, simple, and secure. With just a few taps on your phone, you can buy, snipe, sell, or set up stop losses without ever leaving Telegram.
The SNORT token powers this system, giving users access to premium features and helping fuel the bot’s entire ecosystem. With over $550,000 already raised in its presale, it is clear that traders are paying attention, and the earlier you join, the cheaper the token.
Snorter’s ease of use and powerful toolset make it the best Solana bot for meme coin hunters. Whether you want to catch early launches, protect your trades, or copy top wallets, Snorter gives you the tools to do it all in seconds.
With this kind of utility, fun branding, and real-time use cases, Snorter has everything it needs to go viral. And that momentum could make SNORT one of the biggest meme utility tokens in the space. If you are thinking of joining, now is the time to grab it before prices start rising.
Welcome bonus
Full-featured Telegram bot that makes trading Solana tokens fast, simple, and secure
Bitcoin has always been trusted for its security, but it has struggled with real use in everyday apps and payments. Now, Bitcoin Hyper wants to change that. It is building a powerful Layer 2 network that fixes Bitcoin’s biggest problems, like slow speeds, high fees, and the inability to run smart contracts.
This is the kind of upgrade many Bitcoin holders and developers have been waiting for. With tools like the Solana Virtual Machine for fast dApps and a Canonical Bridge to move BTC in and out of Layer 2 easily, Bitcoin Hyper is turning the original blockchain into something much more useful.
The presale for the HYPER token is live, and it is moving quickly. With prices increasing at each stage, early buyers could see real upside as the project gets closer to launch. A solution like this with real utility, fast transactions, low fees, and staking rewards has the potential to grow into something massive. That is probably why the presale is getting so much attention.
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Powerful Layer 2 network that fixes Bitcoin’s biggest problems
Ditching the recycled meme coin formulas, Bitcoin Bull takes charge with a reward and burn mechanism directly linked to Bitcoin’s price. The ongoing BTCBULL presale just smashed $4.5 million, with investors piling in.
BTCBULL offers milestone-based airdrops, where holders receive rewards when BTC crosses $150,000. Airdrops continue at every $50,000 BTC price increase.
Deflationary burns are another key feature. The first burn kicks in at $125,000, gradually reducing BTCBULL’s supply. The mechanism supports BTC’s value appreciation over time.
The platform allows users to earn BTC passively and get real Bitcoin and BTCBULL tokens, creating multiple income streams. With over 700 million tokens already locked, BTCBULL’s staking model is proving its strength.
Analysts predict Bitcoin could hit $200,000 this year. The forecasts have strengthened the hype around BTCBULL. As a meme coin linked to Bitcoin’s key price milestones, the project has high growth potential this year.
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Bitcoin Mania in Meme Coin Avatar
SUBBD is a brand-new crypto project that combines artificial intelligence with content creation. The project’s goal is simple; radically transform how creators connect with their audiences.
And how does SUBBD do that? It automates key tasks such as streaming, scheduling, editing, and community management.
Creators can focus on producing quality content, as a result.
At the very heart of SUBBD’s ecosystem is the $SUBBD token. It unlocks exclusive access to premium features, platform discounts, and VIP perks.
The project’s token staking mechanism adds to the presale hype. Withina few hours of going live, the presale has raised over $100,000.
As a project that empowers creators and engages fans more intimately, SUBBD is a top altcoin to watch ahead of the next crypto rally. SUBBD is on a mission to disrupt the $85 billion content subscription market.
SUBBD tokens can be purchased using ETH, BNB, USDT, USDC, or traditional bank cards.
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The Ultimate Crypto Presale Experience for Creators and Their Fans
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