ATM

weathergroundhog

> Using an out of network ATM, maybe $1.50 not including the $3 my own bank charges at the end of the month(it’s been over 5 years since I’ve done this so I might be off a bit). So stop using your shitty bank and get a better one. It's 2026, I haven't paid an atm fee in like 15 years.

Gears6

> Really? I seem to have the exact opposite issue. Using an out of network ATM, maybe $1.50 not including the $3 my own bank charges at the end of the month(it’s been over 5 years since I’ve done this so I might be off a bit) I've not seen a bank that don't reimburse those out of network fees, but I tend to use bank that is heavily online oriented. That said, I've never really used ATM in forever. Everything is ideally with credit card, ACH or Zelle. Cash is last resort. With a credit card, I get cashback, buyer protection and it's easy to keep track of expenses. > Something goes wrong with my transaction, I don’t need to talk to anyone about taking care of it, must of not typed in the correct address( never has happened to me yet). If/when it happens, you'd be out of the money. It's game over. > I’ve rarely spent over a few hundred SATS(under $0.40) for multiple UTXO transactions. But I can do it for free and also easily earn interest while my money is idle. On crypto, I have to stake it which carries risk.

injectionsiteredness

Really? I seem to have the exact opposite issue. Using an out of network ATM, maybe $1.50 not including the $3 my own bank charges at the end of the month(it’s been over 5 years since I’ve done this so I might be off a bit). I’ve rarely spent over a few hundred SATS(under $0.40) for multiple UTXO transactions. Something goes wrong with my transaction, I don’t need to talk to anyone about taking care of it, must of not typed in the correct address( never has happened to me yet).

joefunk76

Coinbase, as in the bank that charges me not $3 to use an ATM but rather 1.5% on every trade? 😂

polymath_uk

What are we measuring value against, genius? What do you get when you look up your bank balance in dollars? You get a json string from the bank. What do you get when you get cash from an ATM? You get a 4 cent piece of plastic. You're stuck in the mindset of 'only dollars are money'.

10kpizza

Should be fine. Their association with scams is because scammers tell their victims "go to this bitcoin ATM, put your life savings in and transfer it all to my bitcoin address". The machine itself does its job without scamming its just that its customer is a gullible fool.

Aazimoxx

>So you do agree that if the number of hands are minimal No, only (possibly) if the number of hands are 1 (pair). Because that's a person dealing with a thief. Once you get past that, it starts becoming ridiculous - every single person in modern society who has any secondhand items or bills of currency can be connected to a theft through some number of hops. **Should the feds be able to seize all of your cash 10 mins after you take it out of the ATM, because it's got traces of drugs and blood on it, so it's connected to crimes? Or again, seize it from you because the serial numbers match a bank robbery from 6 years prior?** 💁

CommercialDuck7496

We do want strategy to buy as much bitcoin as possible, but buying more bitcoin today doesn't nessesarily mean buying the most bitcoin possible. Having a better credit rating, and strc be healthy allows us to buy bitcoin accretively, even in a bear market. So not buying for a few months while they nurse that back to health is worth the short term dilution. Additionally anybody who believes that bitcoin is growing more than 20% per year on average, believes that every dollar they issue of strc at par is massively accretive. So getting back to a place where we can issue more strc is ideal even if it means not buying bitcoin for a few months. Mstr holders also want mstr to hold a cash reserve at the moment, they have 6.7 billion dollars of bonds due in the next 2 ish years, and being forced to sell large amounts at once when bitcoin is already depressed would be a tradegy. So building up the cash reserve slowly over a few months is a more sensible way to raise the money to pay those bonds. Overtime again as long as bitcoin appreciates faster than the cost of capital, every dollar they issue of strc will eventually aquire more bitcoin compared to just buying bitcoin with ATM'S and this last 10 months should show that, they aquired 120k bitcoin at the same time bitcoin dropped by 50%. Also issuing ATM's at this price to buy bitcoin actually wouldnt even be accretive long term, the smart options arent between issue stock to buy bitcoin and issue stock to build cash, its between issue stock to build the cash reserve, or do nothing. If you expect bitcoin to increase overtime net BPS actually goes lower if you issue stock at these mnavs to buy bitcoin once bitcoin recovers in price. Nobody can see the future but if by march of 2028 bitcoin is still below 65k. Building the cash reserve would have obviously been a good thing, and if its abovr 70k. It will hsve been unnessesarily dilutive. But its not going to kill them. Regaurdless even if they issue another 4 billion to put in their cash reserve (which i think is fairly likely) the case will be that when bitcoin does a 3x. Mstr will do a 6x or more.

CommercialDuck7496

What you don't understand is that selling bitcoin right now may allow them to buy more in the longer term. Their strategy is to issue debt to buy more bitcoin overtime. In this instance they are selling bitcoin to try and increase their credit rating. Look into it, s&p rated them at a b- while completely ignoring the bitcoin they held, they literally acted as if it weren't there. Obviously a company that holds 90+% of its balance sheet in bitcoin is going to have a worse credit rating if their bitcoin isn't being valued by the credit rating agencies. The S&P told them they needed to do a few things to improve their credit rating, there were more than just these two, but primarily it was prove that you can sell your bitcoin, and reduce or remove your convertible bond debt. Seriously look into it! This isn't some forced deleveraging, he hasnt been forced to sell a single satoshi (which is obvious if you look at the numbers), this has been a optics move to ease investors and get a better credit rating. Moving onto your other points. There was absolutely a hype cycle in 2021. He started buying bitcoin in 2020, and his stock proceeded to do a 8x in 4 months. But reguardless that wasn't even my point, my point was that a stock dropping 90% doesn't mean its failed. There are plenty of other examples carvana is the one that comes to my head first, but stock value dropping for a year or two does not prove the stock has failed. And look at the timing his stock has been amplified bitcoin ever since he started buying it. So of course when bitcoin goes up, his stock does, and to a higher degree, and when it goes down, his stock goes down to a higher degree. Its really not rocket science. Yes thats correct they didnt sell a single share because their reported profit per share was in the negatives, that really doesn't impact their decision making at all. I think STRC depegging did influence when they started to sell, I think they felt like people were worried that they wouldnt be able to fund strc if mstr's mnav went below 1, so they started to pay thr dividends with bitcoin even though they havent yet had too, to ease investors concerns. But again, they hsvent been forced too, they raised 4.1 Billion dollars from mstr ATM'S, sold 430 million bitcoin and paid like 300 million in dividends, the bitcoin sales obviously were not required to pay anything The "expiriment" if you wanna call it that has not failed, they have sold thousands of bitcoin over the last month and a half, and bitcoin has actually had a slight rebound, and its not like it tanks even on the days they report it anymore like it did that first time. My guess is, the next time they get a credit rating it will be significantly above a b- I will agree with you, their first sale probably was what caused the market to tank, after that, its not been inlfuencing the prices. And your analysis that we would be at 84k without him selling is absolutely completely flawed. Bitcoin and the stock market are somewhat correlated, but they don't always move at the same time. And bitcoin is closer to a proxy for global liquidity than it is the stock market. Also to say it hasnt responded at all would be again incorrect. Bitcoin went from like 58,700 to 64,000 in the same time the sp500 went from 7350 to 7800

Aazimoxx

If someone identifies the serial number on a $50 banknote in your wallet to match as 1 of many stolen from them 5 years ago, should you be legally obligated to give it to them, even though you got that note as change/cashout from a grocery store, or from your bank's ATM, after it passed through many hands since that theft?

DsrptFinance

Right conclusion, wrong mechanism. STRC issuance itself doesn’t dilute — no new common shares, BTC/share ticks up on day one. The erosion is downstream: \~$1.5B/yr in preferred coupons now getting paid by selling BTC and printing common through the ATM. The funding loop is what’s bleeding you, not the issuance. And “doesn’t matter what BTC’s CAGR is” is backwards — it’s a carry trade, and the problem is worse than that. STRC reprices monthly to hold par, so the hurdle rate rises as the collateral falls. Seven hikes since July ‘25, now 11.5%. That’s short vol with funding cost indexed to your own distress. The hazard isn’t dilution arithmetic. It’s the trigger: STRC slips below par, ATM stalls, and the choice becomes massive dilution or cumulative coupons stacking senior to common. Watch the funding spread, not BTC/share.

foxyevolution

All the major exchanges have laws they have to abide by. There is no avoiding it if you want to bring money from outside crypto into the space through a CEX or using a modern payment processor like apple pay, PayPal, etc. I usually just use a bitcoin ATM, a peer to peer website, or ask my friends who want cash for crypto. Private and decentralized are another topic altogether.

ericgriffin93

Adoption certainly not looking like we imagined it would 😅 We're waiting for the tipping point, we're getting grandma navigating a BTC Depot like a Wells Fargo ATM. But honestly, this should be considered more of a meaningful snapshot for adoption than we're giving it credit for...

AltoidStrong

history doesn't always repeat itself, but it always rhymes. Same issue with before banks, people hoarded wealth at home in a safe, with a "secret" combo. If people knew you were "rich" they come to your home and attacked you to get the safe opened. Centralized banks, fixed that problem. (mostly) But Then the invention of ATM and debt cards... again... "secret" pin code... easily given to a criminal at gun point. Crypto, is the same cycle all over again. this time it is a passphrase rather than PIN or safe's combo at home.

skydiver19

No one is pulling a million dollars from an ATM and there is such a thing as cctv

WildNight00

If in the US, flock cameras would catch them Or the ATM camera

ZICRON_ULTRA

My ATM pin code is 5497. 🙄

Nikante

Bitcoin ATM. Crypto in cash out for a large fee. But not traceable.

TheRaccoonReport

This is also why you never ever ever ever ever use a debit card. Ever. Turn off using a debit card, and turn off ATM usability. Only allow yourself to withdraw cash from a bank teller directly. It solves SO many issue.

LPC_Rebuilder

Get a 10% bug bounty keep $10 million and return 90 million or whatever and try to broker a deal with authorities. Go travel around the world hitting Bitcoin ATM with $100-500 transactions. However if they can track the logical transaction to an ATM location then that sets up an obvious location trail. Offshore, Panama or Cayman Islands is another possibility. I'm just spit balling, don't come at me.

Eppursimuove1633

She probably that it was a regular ATM. Highly doubt she purchased any BTC.

ABena2t

Nah - she's confused and thinks thats a normal ATM

Rough_Union2937

How many bank accounts where hacked last week how many hold ups at the ATM. Things happen doesn't change anything for me accept that people won't be robbed that same way again. I feel so bad for those victims but they are martyrs in a way. Wish the community would pull together and help them a little. If everyone done just a little we could make them whole and possibly rich well at least better.

cheerzeasy

I mean, she probably just thinks it's an ATM.

eyesofthewhitewolf

The first time I purchased BTC was at a bitcoin ATM inside a Walmart. Fees totaled up to about 20%. Steep

mavs30

I guarantee she thinks she is at a regular ATM

OTGbling

99.9% of elderly people using at bitcoin ATM are being scammed.

Breno1405

I wondering what the chance is that she thinks it's an ATM

Personal-Ebb-4717

MS will find out that the "fly wheel" spins both ways. If dividend continues to be paid without any new STRC ATM. MSTR will eventually paid out more in dividends than the money they raised selling STRC in the first place. And dividend continues in perpetuity. In other words, the dividends is not sustainable and the matket is pricing in this risk, hence STRC is trading way below par.

y2k2009

Scammers from India get old women to goto these ATM's to steal their money and that's what is most likely going on here is she's in the middle of being scammed.

Entire-Emu-9164

She thinks it’s an ATM.

Evening_Let_2930

In Canada we are about to ban crypto ATM's because so many seniors are losing everything.

ColdTrky

Automated Teller Machine ATM Machine Smh my head

qwertyuiop121314321

Your best bet is driving to another state for an Bitcoin ATM. Bitvalve being p2p don't like accepting gift cards due to scammers.

No_Promise2590

She thinks that the ATM

McDrunkin521

There is a Bitcoin ATM machine at my local gas station and the owner says he has stopped multiple elderly people from using it who were in the process of falling victim to a scam. Very sad to see.

HSuke

A Saylor scheme is when you take investment capital from shareholders and instead of actually investing it, uses it to pay another group of shareholders. And vice versa. 1. They sell MSTR to pay for STRC dividends 2. They ATM STRC above $100 to buy BTC, which increases MSTR value It's circular.

HSuke

**A Saylor Scheme** is Ponzi-adjacent. Design-wise, they are very similar. The main difference is that Strategy openly-discloses its actions while a Ponzi scheme lies about what it does. ####**Ponzi Scheme**: Shareholders are **directly** paid by other shareholders. The scheme is hidden behind fake accounting and fraud. New shareholders pay old shareholders. ####**Saylor Scheme**: Shareholders are **both directly and indirectly** paid by other shareholders. The scheme is publicly visible, but hidden by financial complexity. 1. Group A directly pays for Group B: New MSTR shareholders pay for STRC dividends. (Though recently in July 2026, there was a BTC sale that paid for STRC dividends). 2. Group B indirectly pays for Group A: New STRC shareholders pay for BTC (via ATM when its price is over the $100 par), which indirectly increases MSTR value Similar to a Ponzi scheme, there are no external customers increasing shareholder value. Unlike a Ponzi scheme, Microstrategy can also legally pause dividend payments for STRC indefinitely, so it has a mechanism to temporary prevent a complete collapse of the company if there are no more new investors. Thus a Saylor scheme is not a Ponzi scheme, but it has significant similarities.

UpbeatFix7299

Just imagine how bad it would be if everyone was already using crypto and didn't have to be persuaded to go buy it, deal with their bank or some Bitcoin ATM? Just one click and everything they have goes to an organized Chinese crime group operating in SE Asia because the sexy Asian girl was so convincing.

FreshDopeBoy

Wrong anything hit on kyc exchange and you transfer to self self-custody account is still kyc. Only way is have No KYC wallets that never touch KYC exchange. Its already priced in which is why the no kyc sats etc are way higher. They are moving fast to get rid of crypto ATM machines.

poundsdpound

So when will there be Bitcoin ATM machines, if that is the case? And by that I mean the ones people use without really giving it a second thought. Not the ones where not even every city has one yet. In what year will there be 20 - 50 of them in every major city?

master-beast-72

The pause isn't surprising if you understand how the funding mechanism actually works. Strategy buys BTC by issuing ATM equity offerings and convertible bonds — they raise capital first, then buy. If they're not buying, it usually means they're either between capital raises or the ATM offering is exhausted for the current tranche. The "propping up the market" narrative is mostly reddit canon at this point. Their purchases are large for a single entity but they're small relative to daily BTC volume on the major exchanges. The price impact per buy is real but it's not structural support in the way people describe. The chart between their announcement days and price action has never shown a consistent pattern. What's actually interesting about five weeks of no buying is what the capital allocation decision reveals. If they genuinely believed $65k was undervalued relative to their average cost basis (~$75k), you'd expect them to be raising and buying aggressively right now. The pause either means they think the price goes lower, or they're constrained by available capital, or management's confidence in the thesis has quietly shifted. The $75k average cost is the problem. They're underwater at current prices and every week they don't buy is a week they can't lower the average cost through DCA. Meanwhile the convertible note holders have coverage concerns. The strategy only fully works if BTC keeps going up from here.

shibe5

Cryptocurrency ATM, https://kycnot.me etc

East_Spirit_1431

I was very very late to the game. When I saw Bitcoin ATM’s I figured there must be something to. A year after I bought. No significant gains but I’ve only invested $500 to see what it can become. Holding steady.

DreamingTooLong

Both Fidelity and Schwab allow owning spot bitcoin I know Fidelity allows you to transfer it in and out. I don’t know if Schwab does yet. I would much rather have bitcoin sitting in a Fidelity account than a RobinHood account. Fidelity is in the business of managing trillions of dollars worth of assets. They also have 24 seven telephone Customer Care and they refund the fee at every ATM worldwide.

Mission-Ad28

"have reported you in the USA" lol nice reported him to one of the most corrupt governments in the world ATM.

Cronstintein

You would need some kind of bank or bitcoin ATM to withdraw money in whatever country you want to spend money in.

OrangePillar

Coin depot is one of the big players in the ATM market, so I doubt your money is lost. Check the address you were receiving to on a blockchain explorer like mempool.space to see if the funds were sent. Otherwise, try contacting coin depot. They are not a fly-by-night operation.

Dangerous_Forever640

Bitcoin ATM?

The_Bitcoin_Act

Buying through a KYC exchange with a credit card or PayPal does mean that company now has your ID tied to that specific BTC purchase, and if you ever send those exact coins somewhere, there’s a paper trail back to you. If privacy matters to you here, the more common approach is buying without KYC in the first place, through peer-to-peer platforms like HodlHodl or Peach, or a local in-person cash trade, or a Bitcoin ATM that doesn’t require ID under a certain amount depending on your state. A few other things that help regardless of how you buy: always generate a fresh receiving address for each transaction rather than reusing one (Trezor does this automatically if you let it), and avoid linking a KYC purchase directly to a privacy-sensitive spend, like buying on Coinbase and immediately sending straight to pay for your email. Adding a hop or two, or letting the coins sit a while, breaks that obvious link. Some people also use coin control features in wallets like Sparrow to manage which coins they’re spending from. As for whether you should still buy through the credit card/PayPal route, that’s really a tradeoff between convenience and privacy, not really a security downgrade.

Brrgyy689

Pay for proton/tutamail from a hot wallet. Secure long term savings on your trezor. Use hodlhodl, or use cash at a non-kyc Bitcoin ATM.  You can also create a new wallet by adding a passphrase to your trezor and using something with coinjoin like wasabi wallet to increase privacy and tracking of your coins. BTC Sessions has good vids on all this

ProfsrGabriel

Yeah, ATM.

krtyalor865

Quick question from an outsider looking in… I’m a skeptic but still follow crypto, mainly through this sub, just to see what I’m missing out on. and here again I see another person loosing real actual money by investing in this non fiat digital currency, and it’s stories like these that make me shake my head.. The real kicker is.. you all’s response is that it’s (check notes) the USERS fault for having “a lack of basic security” - to blame for WHY he got hacked! This is wild. It’s almost like the gaslighting of a sex crime victim or something.. because using that logic, for ex., a rape victim would be to blame for “a basic lack of security, or a little old lady who gets mugged after withdrawing money from the ATM is at fault for not having better protection against thieves, is that right? Am i the only one who thinks this is an absolutely upside down argument? And if it’s in fact NOT the OPs fault per se, but a vulnerability that OP didn’t address, how is this whole story supposed to make ANYONE like myself feel better about crypto adoption in financial decision making? Not trying to stir the pot but I’m genuinely curious how outsiders are supposed to just give in and start buying, when every day there are examples of people getting completely robbed of their money?

qwertyuiop121314321

You could have put money in the ATM then you would have had 1 BTC, it's not that hard. But you didn't. 🙄

Crypto-Bets

Is hodlhodl ideal for the newbie with no experience who needs to make a purchase? ATM’s have huge fees, but people don’t understand the urgency of “I need Bitcoin RIGHT NOW.” When people need the Bitcoin immediately, and have no expertise, it’s usually better for them to use the ATM once or twice while they’re still learning.

moviemaker2

This varies so much by country and you've given too little information to get a useful answer. I mean, try another exchange? Cash App? Bitcoin ATM?

CryptoFV

Check out Coin ATM Radar but watch out for crazy high fees and strict KYC limits depending on which EU country you are in

Quirky-Reveal-1669

There is an app “Coin ATM Radar”

Rain_sc2

There is zero point in buying MSTR because of the infinite dilution risk whenever they raise capital by selling ATM newly printed shares If you want leverage just buy perps, you’ll fare much better. Or even better dont lever up and just put it all in BTC

xaviemb

Thinking you 'own' Bitcoin that is on an exchange... is a lot like thinking you own the cash in the ATM because your balance says it's there. Some are wise to this. Some are lazy about it. Some are simply oblivious to it. It behooves the average person to understand where they sit on that spectrum and if they're ok with it.

M4NOOB

I highly doubt this will happen. Maybe seperate ATM from something that isn't a normal bank. Some banks here still use physical TAN lists they need to send you in the mail. So opening an account with them takes a week or longer as you need to wait for the physical password letter and the physical TAN code letter

United-Swan-3288

Wait so, BTC is found to ‘gain significant momentum’ bc of a crappy ATM? Nope. We’re headed for $32k no matter how many of these machines they put out.

longonbtc

https://coinatmradar.com is the best website like that at this moment. Everyone lists their bitcoin ATM locations on that website. The website states whether each bitcoin ATM is a one-way bitcoin ATM (where you can only buy bitcoin) or a two-way bitcoin ATM (you can buy or sell). Some of the bitcoin ATM locations have their fees listed on that website but many don't.

Scottex99

Not via a Bitcoin ATM in the actual branches lol

redskrot

So Germans can now gamble at their local ATM. Have a hard time seeing this gonna effect the value at all.

Educational_Cable405

If the goal were killing the flywheel you wouldn't need a price pin at all, you'd just need the mNAV premium to compress toward 1. Saylor's whole engine is issuing stock above the value of the BTC it holds and buying more with the proceeds. Once the stock trades at or under the coins, the ATM stops printing on its own. Spot BTC is almost a side character here, the premium is the motor.

Romanizer

Not much yet, seems more like a sentimen/trust issue. The last few weeks they mainly sold common stock through ATM. But it looks like a small dividend increase already did a lot.

Romanizer

STRC increased by $9,1 (+12%), so that was seen as a good move by the market. Now they are roughly back to where they started. The 4% is also assuming they don't sell any ATM stock or preffereds anymore at all during the next 30 years or don't get any convertible debt. They recently raised about $300m while at the bear market bottom and the recent publication hints at much more coming. But yeah, if Bitcoin doesn't move up for decades and suddenly they don't get any of the infinite fiat money available, they could run into problems somewhere around 2050-2060. Which would also mean Wall Street and all governments in the world would have to stop everything they are doing to adapt to Bitcoin before it is too late.

PopLegion

Bears making liquidation event scenarios is retarded yes. What is much more likely is MSTR becomes a perpetual seller of BTC for years on end as they never recapture 1.0 mnav, and BTC needs to deal with a constant downwards pressure for years. If saylor can't raise money through ATM offerings of MSTR or STRC, 1.5 billion a year minimum of selling from saylor. Def worth keeping in mind if you are long BTC. As for MSTR and STRC investors today, I feel sorry for them. I'm sure many made money, but the ones left will become bagholders.

IlIll1Il1Illl1I1lII

Best argument against BTC? Bitcoin's true real-world value came from it being at the center of a movement to create a near-anonymous decentralized digital currency. That movement is essentially gone now. Virtually no one is working to retain and improve: * Bitcoin's anonymity * Bitcoins decentralization * Mixer services * Businesses and websites that permit purchasing goods directly with Bitcoin * KYC-free and no-login exchanges * Bitcoin-for-cash trading sites like LocalBitcoins * Bitcoin ATM's or other easy ways to obtain bitcoin Nearly all of the glorious movement and associated fight-back spirit has been replaced with laziness, speculation, bootlicking compliance, dishonest memes and _Wolf of Wall Street_ wannabes.

GranzJ473

DCA is a sensible first move imo, just on a proper CEX rather than an ATM. Coinbase or Kraken for fees. for tracking your cost basis as you add to the position both TradingView.com and CovenantAlpha.com have portfolio views where you can see your average entry against current price across different buy lots. helps you stay calm about the individual purchase prices.

Ok_Pollution7093

Yes, DCA weekly. Skip the ATM, fees eat returns fast.

h4l

They do, Strategy use at-the-market offerings (ATM) to issue new shares of STRC and MSTR in order to raise money. That's what STRC is for, it's their capital raising mechanism to raise money without diluting MSTR holders. Strategy has a broker-dealer that will sell new shares on the secondary market (e.g. to arb traders or anyone else buying) when they want to raise money. E.g. in April they sold $1.8 billion of STRC, and $1.5 in May in the days leading up to ex-dividend: [https://bitcoinquant.co/preferred-equity](https://bitcoinquant.co/preferred-equity)

Sickofreddit-

You mean the ATM pin we have 3 tries to get right before it’s locked?

SquashDaddy331

My favorite is when people say quantum computing will crack bitcoin. But don’t mention the fear of it cracking their 4 digit ATM PIN code

word-dragon

The same guy with the wrench can get you to withdraw cash at an ATM. Or get all your bank info. Any decent hacker might pull that off. Yeah, you need to preserve and protect your seed and never type it in or take pictures of it. Bitcoin and gold are really among the few things you truly own. Cash gets a stealth tax every time they print more of it, and your bank account is a line in the bank’s spreadsheet saying how much of their money you might be entitled to.

eddyblat

The prefs are not listed as debt on their balance sheets for a reason. They are friendly handshake IOU's at best. MSTR is the parent company, not STRC. MSTR survival is more important than pref survival. The prospectus says they can permanently suspend all dividends forever, their choice. The btc acquired through the ATM programs are unencumbered completely. If MSTR walks away from dividend obligations it makes that $10B or whatever of BTC almost free. Remember when META kept pumping with every layoff announcement? If MSTR announced a big giant FU to all preferred obligations they would drop to $50 pre market, $65 market open, and be $200 within 3 weeks. The market is forward looking. No debt, no dividends, $40B btc. Bullish af.

RetiredAvocado

Seed phrases are not part of bitcoin. They are part of the wallets that interface with bitcoin. No one has to use seed phrases, but they are an objectively better method. Seed phrases are not even the focal point. They are used to generate keys. If you want to complain that bitcoin can be taken only with a key (which is longer than ANY password you ever used for ANYTHING), then yes. But modern methods to protect those keys are very very good. As far as legal protections, it is still illegal to steal other people's stuff. The recovery is more complicated but bad actors do get caught, and do cough up the money they stole when pressed. Not sure what you're talking about with "deep entropy encryption" nonsense. There is no encryption in bitcoin. ECDSA digital signatures are not encryption. The wallets do include AES to encrypt the wallet, but the blockchain or nodes know nothing about that. Encrypting wallets on disk is not part of bitcoin. Now anecdote time. I've had my debit card charged 4 identical charges for several hundred dollars each in a single day, in some store in another geographical location that I've never visited. So what's all this about "several required factors" bullshit to take my money? The card was in my wallet and I don't ever use debit cards for anything other than cash out of the ATM. It was never used online for anything. The crooks probably used a card generator which is much much easier than trying to guess a bitcoin key.

JoeSicko

If you're legit you can use a coinbase card that is accepted everywhere visa is. Even hit the ATM with it.

PlutoPlaneta

dude, the Internet is a thing. you can click sell from anywhere in the world. you can also use an ATM anywhere. dont need luck for that. also liquidity on broad market stock ETFs is an absolute non-issue, as opposed to Bitcoin where Saylor dumps 32 BTC and price goes down.

harvested

mNAV is below 1 when you use the full diluted amount and it's constantly shrinking as they ATM to replenish the reserve ($300m last week). I didn't say selling bitcoin wasn't an option lol. Of course it's an option, one he should have exercised already rather than destroying the common stock. Not sure if you've checked the prices this week, it's trading like a shitcoin.

GranzJ473

been using one on the road for about two years now. works fine in most places, the main issue is ATM limits and the conversion timing when you're in a currency with a wide spread. tends to be smoother in Europe and Southeast Asia than in some Middle East countries where card network acceptance isn't as universal.

givenofaux

The average price of bitcoin in October 2011 was $4 USD. So the value of litecoin was $0 until the market bought in and started swapping for the equivalent of 0.42\~ USD Litecoin is a hard fork of Bitcoin bitcoin birthed Litecoin. When Bitcoin surged Litecoin became a very useful tool. A lot of value was lost for newbs when they were shooting Bitcoin across the network without properly accounting for network fees or just out of ignorance. Plus by comparison Litecoin was much faster. I hated waiting up to 30 mins to an hour for my Tx when I could get what I needed to get done in 15 mins with Litecoin. I and others I knew all swapped to litecoin to send p2p, to a new exchange for Arb trading, participate in ICOs, or just to cash out at the local crypto ATM. This was 2016/2017 I’m no Litecoin maxi. I don’t even have a bag unless I have a wallet on a forgotten laptop. I’m just saying if you know how to use it Litecoin is still useful. Hell at this point even doge is a solid choice for reducing Tx cost and faster Tx…at least until people actually start using lightning

BakingBreadBB2

Did the ATM replace bank tellers?

Romanizer

Exactly. Runways on their homepage are basically worst case situations if they can't get any more money through either ATM or debt. They raised some money throughout the last few weeks although we are at the bottom of a bear market, so I wouldn't expect the cash reserve to run out at all.

snek-jazz

> Dividend runway is 8 months, at which point they would need to start selling Bitcoin, just enough to meet obligations, and that's not even certain, they can also ATM common.

No_Perception_7974

Classic chicken-and-egg problem with gas fees, catches so many new people off guard. You can try to find a centralized exchange that lets you deposit USDC and withdraw ETH, since those platforms cover the gas on their end. Otherwise yeah, the ATM trip might just be the easiest path for such small amount.

givenofaux

It started at 0. It ain’t going anywhere for a good long while. Until it’s cheaper to shoot bitcoin to a crypto ATM to cash out without losing a shit ton of value litecoin will be there. Bitcoin’s good son that’s always made it easy to cash out…or arbitrage trade

Comprehensive-Eye500

Why would anyone use one of these ATM’s at such a high price?

MrKillerKiller_

Cash out at a BTC ATM

Wheaties4brkfst

“Hah, I anticipated your correct criticism of the company’s management.” Ok? Yeah man of course I’m going to point out the obvious deficiencies in the company’s strategy. Been much longer than 10 days. Strategy hasn’t reported an accumulative buy since May 18th, over a month now. Additionally, all buys using the MSTR ATM going forward are going to be dilutive as long as the fully diluted market cap remains below the bitcoin value. Care to comment on that?

Search327

Open a Charles Schwab account. They have free ATM withdrawals and reimburse fees by the issurer. When I have extra money I buy STRC or SATA. There is nothing wrong with buying Bitcoin, if you are willing to sustain losses for years. STRC & SATA have risk but pay 11.5 -13% if that's too risky look into SWVXX.

blaggerbly

The money doesn’t come from borrowing mate, ignore the noise. He sells shares at the market (ATM) he sells common stock MSTR and a preferred equity STRC to anybody who can buy it He takes the proceeds and buys bitcoin His liability on MSTR is nowt, his liability on STRC is a twice monthly dividend It can quite literally go on forever as long as people keep buying his products and Bitcoin goes up like 2% a year for ever. 🤷‍♂️ The only issue is Bitcoin drops to $25k - at that point MSTR would be as good as worthless but there’s no call on the Bitcoin whatsoever. It’s fascinating - But I don’t know if either are a good buy

HSuke

If you create a treasury for MSTR, I'll create a treasury of your treasury and a complementary (Return of Capital) dividend asset. Designed identically to STRC, the dividend asset has a par of 100%. If it goes above 100%, I profit and ATM it. If it goes below 100%, then I do nothing and the market decides the lower bound.

__Ken_Adams__

Well I don't get delivery, I always pick it up because I'm a cheap bastard, but I pay only pennies in TX fees. The mempool hasn't been clogged in a long time so it costs nothing to get confirmed quickly. But going back to the whole point of my post, merchants don't need to wait for confirmation. Without going into detail I've also been a merchant and I've never waited for confirmation before delivering my product. There's just no need. Collectively I've been a party to over 100,000 transactions (I operated btc atms) and in that time I've only seen 2 transactions that failed. One of them was my doing & I double spent btc before confirmation just to see if it was possible (it was), and the other I think was a quirk of the ATM backend software and not necessarily an on-chain failure.

sogdianus

You have a startup and don’t know how to get cash? Send to CEX, sell USDC for USD, send to modern bank account like Revolut, go to ATM, get cash. Done

doyzer9

Dude I rate xrp, however BTC, Eth, and sol have more potential. What exchange are you using. I ask because in the current market I would stick 50% BTC, 30% Eth, 20 sol and 10 xrp. Set a loss limit to match your tolerance level. Say 10-15% drop if cautious and sell at your tolerance level. Take profit at stages, there will be another dip, study the market and if appropriate buy back at the bottom of the dip (easier said than done) scalping seems to be where the profit is ATM. Long term storage not so sure. This is just my 2cent worth, I have xrp, but don't follow my own advice and I am running at a loss. 🤯🤯🤯

ReliantToker

No, they have not been borrowing against it for years. Over 90% of the Bitcoin held by MSTR is UNENCUMBERED. They use the ATM offering and sell equity to aquire. They have perpetual preferred instruments offering yields to aquire. They can use convertible notes but have moved away from this as they have effectively tapped the market already. Some remaining notes on the sheet left but less than 1% rate combined with 3+ years to maturity. The leverage ratio is close to 10%. The average S&P is over 50%. The balance sheet is a fortress.

DjShadowKoolAid

I have used the ATM before but I have coinbase so. Idk

DistinctSpirit5801

All the fear over CBDCs is basically overblown Why would a government go through all the trouble of creating a CBDC when they already have the power to force stablecoin companies to freeze wallets whenever they feel like it already There’s A reason why stablecoins are basically called backdoor CBDCs If you used a debit card credit card or have written a check your already using digital currencies It’s extremely unlikely that governments will ban cash given the fact that the ATM industry would not exist without the existence of cash