According to CoinJie.com news, Blockstream’s former Chief Strategy Officer and Jan3 CEO Samson Mow proposed a $1.5 billion over-the-counter deal with the Bitcoin Standard Treasury Company (BSTR) to swap U.S. dollar reserves for Bitcoin holdings. The transaction would bring Strategy’s dollar reserves to $2.9 billion and increase BSTR’s Bitcoin holdings by 25,000 to 55,021. BSTR was led and founded by Blockstream founder Adam Back.

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BlackVelvetKeychain
· 34m ago
Exchanging USD for BTC is essentially shorting fiat and going long on Bitcoin. Samson Mow's body is very honest.
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MultisigOnRocks
· 4h ago
Adam Back-led BSTR now holds over 55k coins. Is the Blockstream group trying to corner the market?
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GateUser-6fd3205e
· 4h ago
OTC trading won’t dump the market—smart. If that 1.5 billion had gone through the exchange, it could’ve poked a hole in the market.
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GasFeeGrump
· 4h ago
$2.9 billion reserves + 55k BTC, this scale is no longer like a company but like a national reserve.
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BlackVelvetKey
· 4h ago
Samson Mow played this smoothly, directly swapping $1.5 billion OTC, which not only stabilized Strategy's cash flow but also accumulated 25k BTC for BSTR—a win-win move.
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