Today on the Brief:

• BBVA set to offer crypto trading and custody
• Wells Fargo discusses bitcoin in recent investor memo
• Square launches Bitcoin Clean Energy Initiative with $10 million 

Our main discussion: Michael Saylor is back at it. 

The CEO of MicroStrategy and Giga Chad himself announced MicroStrategy would be offering $400 million in convertible bonds with the intent to purchase more bitcoin. 

On this episode, NLW looks at the community’s reaction, including the comparison of MSTR stock to a BTC exchange-traded fund. He also discusses Saylor’s recent comments about censorship resistance as a reminder of the (potentially) divergent values of bitcoin retail HODLers and institutional investors.