Day: June 16, 2025

The company, not wishing to be seen as timid, procured an additional 34 bitcoins last month at the average princely sum of $100,600 for each digital coin—one can imagine the accountant’s brow beading with sweat as he signed each transfer.

Now, let’s break this down for the uninitiated: the government could end up paying less interest when it borrows money. Imagine that! A world where our beloved government is not drowning in interest payments. Over time, this could lead to a reduction in the national debt and, dare I say, usher in a new era where people from all corners of the globe flock to the U.S. dollar-based digital economy. Bessent, in his infinite wisdom, dubbed this a “win-win-win” for the private sector, the Treasury, and consumers. Because who doesn’t love a good triple win? 🙌

First up, we have the SEC’s thrilling review of the proposed Franklin Templeton spot XRP exchange-traded fund (ETF). And just when you thought it couldn’t get any juicier, we have a major update in the never-ending SEC v. Ripple Labs saga. Talk about a cliffhanger! 😱

To extract a single Bitcoin, one must now part with over $70,000—an amount that exceeds the very value of the coin itself! What a delightful irony! 🎭

“Just look!” Sigel declared, monocle fogging with digital dread, “no public treasury has yet sunk below their Bitcoin NAV for long—though Semler Scientific, an American gadgeteer of mysterious devices, hovers dangerously close, tiptoeing on the precipice of parity.”