This week, Trump and his team rolled into Davos like a wrecking ball, declaring that the old way of doing things is over while other attendees looked on in disbelief.

In a world of fracturing geopolitical trust, a neutral reserve asset like Bitcoin becomes even more important.

Other top stories from the week include:

You’ve done the hard part and stacked sats religiously in cold storage for the past few years.

Now its time to cash in (some) Bitcoin and spend your “lifestyle chips”.

But there's a catch - selling your Bitcoin incurs a taxable event!

Bitcoin-backed loans let you access liquidity without triggering that tax hit.

Use your Bitcoin as collateral, get USD, keep your stack.

For years, the role of buyer of last resort belonged to the plebs, much like miners are buyers of last resort for energy. A fringe minority relentlessly converted paychecks, time, and conviction into Bitcoin while orange pilling friends and family.

That era isn’t gone, but it’s no longer exclusive.

A new kind of creature has entered the space.

In 2020, MicroStrategy became the first publicly traded company to add Bitcoin to its balance sheet. That alone was significant. The company was profitable, held roughly $500 million in cash, and decided Bitcoin was a better long term store of value than dollars, a hedge against fiat inflation and what it called the melting ice cube.

At the time, it was the largest public Bitcoin purchase ever, possibly the largest outright. And it did not stop there.

Fast forward about five and a half years, and the company has spent nearly $54 billion to accumulate close to 710,000 BTC. What began as a hedge quietly became a mission.

For years, the criticism was predictable. They only buy tops. Issue more debt or stock, buy Bitcoin, dilute shareholders, repeat. The strategy worked as long as the stock traded at a premium to the Bitcoin it held, making dilution painless.

But that dynamic is changing.

It has been about 100 days since Bitcoin reached its most recent all time high, and Strategy’s buying has accelerated, not slowed. In the first weeks of 2026 alone, with Bitcoin trading roughly 30% below its peak, the company added nearly 37,000 BTC, including a roughly $2.2 billion purchase.

This is a structural bid occurring while the company is below 1 mNAV.

A large part of this comes from their new preferred share strategy, specifically STRC, what Saylor calls “digital credit.” It pays an 11% annual dividend, distributed monthly, and trades like a stock.

Here’s the mechanism. When STRC trades above $100, Strategy can issue more to keep the price anchored. If it falls below, they can raise the yield to pull it back, creating a self correcting funding tool.

Are there risks? Of course.

But if you believe Bitcoin can outpace inflation and monetary issuance long term, say 30–50% annually, then paying 11% to rent other people’s patience starts to look rational. Especially since the company has set aside over $2 billion in cash reserves to cover monthly payouts.

In plain terms, Strategy is saying:

“I know you don’t want the volatility. Hand it to me. Take your 11%, and I’ll handle the chaos.”

In a world where treasury bonds yield 4–5%, that’s compelling. Especially when sovereign risk is no longer theoretical, debt spirals are very real, and trust in long-term fiscal discipline continues to erode.

Bitcoin doesn’t default. Countries sometimes often do.

Stay safe. And keep on stacking.

- Bam

Attempted coups in China, disputes over Greenland, and a growing fracture between the US and Europe.

Join us live today as Rob Wallace sits down with Aron Clementi, a venture builder doing business development at Blockstream, to break down the news and explore how Bitcoin fits into geopolitics.