Michael Saylor Bitcoin Treasury Strategy
After a passed governance proposal, we’ll now allocate weekly profits to buy Bitcoin and strengthen the Bagcoin DAO’s treasury.
The acquired BTC will be placed as collateral on AAVE, and 30% will be borrowed to buy BAG each week.
Additionally, the DAO will:
- Place 30% of our current stETH as collateral to maintain a healthy risk factor.
- Borrow and buy an initial $100K of BAG.
- If and as needed, borrow against the treasury’s BTC and ETH to fund team operations.
All BTC purchases, BAG purchases, and borrowing amounts will be posted in this newsletter and on our socials.
Streamed DG Team Poker Game
Join the Decentral Games team every Friday for a streamed 0.25/0.50 poker game—1 random viewer wins a seat at the game and a $50 buy-in!
- 7pm to 9pm UTC (3pm to 5pm EST)
- Streamed on X and Kick
Last week’s giveaway winner was Tony Smash, who ran it up to over $300. GG Tony. If you missed it, you can watch the game on Kick.
Congrats to SethSyl for winning the buy-in for this upcoming week’s game. See you at the tables
BAG City
We’ll soon be launching our own Metaverse: Bag City.
Bag City will be focused on fun gaming realms and experiences, starting with poker. The world will feature various memes, NFT collections, and CT characters as playable avatars.
We’ll be hosting a community beta test in the next couple of weeks. Stay tuned for more info.
BAG Buy
Last Monday, we allocated 30% of profits to purchase 4,625,770 BAG.
