" Michael Saylor, the co-founder of MicroStrategy, an American software company that famously used its balance sheet to buy over USD 400 million worth of bitcoin (BTC), said that his firm’s investment was “not a bet” – and claimed that big-business players may turn to crypto out of a “fiduciary obligation” not to allow cash holdings dwindle away while fiat inflation rockets, undaunted by volatility issues.
Speaking on Anthony Pompliano’s Pomp Podcast, Saylor remarked that the firm’s executive board decided to back the decision rather than hang onto it “for a rainy day.”
One of fund managers’ and institutional investors’ biggest bugbears when it comes to BTC has always been volatility, but Saylor claimed that larger-scale investors do not share the same sort of concerns on this matter as day-traders – and even claimed that bigger investors could play a key role in boosting BTC stability. " - Read Full Article
Source: Cryptonews
15K-250K+ BTC SELLER FROM CANADA
From -4% Gross To -8% Gross, B2B, Canada
Look For Buyer Mandate Only - OTCbid.com
Buyer Mandate Only
NEW: 15K-250K+ BTC from -4% Gross, -2% Net to -8% gross, -5% net, B2B, Canada - Look For Buyer
(Seller : TS VA)
Post: 18.9.2020
A seller has 15K-250K+ BTC from -4% gross, -2% net to -8% gross, -5% net
Buyerside = 1-1.5%
Sellerside = 1-1.5%
A. 5K-34K : -4 % / -2 % (first tranche min. 5k BTC)
B. 35K-49K : -6 % / -3 % (first tranche min. 35k BTC to receive -3 % net)
C. 50K+ : -8 % / -5 % (first tranche 50k BTC to receive -5 % net)
Minimum fifteen thousand Bitcoin (15,000 BTC), with up to 250,000 BTC with rolls and extensions as agreed by buyer and seller.
PROCEDURES:
1. Seller sends a draft SPA. Within 24 hours, buyer will fill out with buyer´s required details, SIGN and return the SPA to the seller. Within 24 hours, seller will fill out all required details, SIGN and send back the SIGNED SPA on a PDF format.
2. A video call is made between buyer and seller. Proof of funds (POF) and proof of coins (POC) will be exchanged during the video identity verification by the buyer and the seller as follows:
A. Identity: Original Passport must be presented on video by both parties. Seller will ask for additional ID if necessary.
B. Wallet: Buyer´s receiving wallet will be submitted privately to the seller.
C. Proof of funds (POF): Buyer has to login to his/her bank account to show the proof of funds (POF).
D. Proof of coins (POC): Seller will play the recorded proof of coins video (POC) with personalized code given by the buyer. (No Satoshi or A-B wallet test available).
3. Buyer´s Bank Officer will initiate an MT199 communication to seller´s bank, informing the bank of the upcoming transfer with stated exact date of the transaction.
4. Upon the confirmation of the seller´s Bank Officer, seller issues the invoice and buyer pays the agreed amount of BTC using MT103 Cash Wire Transfer, or Telegraphic Transfer {TT}. Then provide the official bank slip to the seller.
5. Upon the confirmation of the seller´s designated bank of the confirmed clear receipt of payment to the seller (it takes 72 hours), the seller will release the agreed amount of the BTC to the buyer´s wallet, and then the seller will send the screenshot to the buyer as proof showing that the BTC has been sent.
6. Buyer has to wait until the six {6} confirmation has been achieved and the Bitcoin {BTC} is finally sitting in buyer´s receiving wallet. Buyer will make it known to the seller by providing the screenshot of the confirmed complete transfer.
7. Seller pays commission to all involved parties according to the annexed IMFPA-[Insert Code……], and move to the next tranche until contract is exhausted.
BUYER MANDATE ONLY
Interested parties should contact :
OTCbid@gmail.com
DM Raymond Chai (on Linkedin)
Telegram @ OTCbidcom
Telegram: +1 (786) 632 8577
OTCbid.com
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