Michael Saylor just bought over 34,000 more Bitcoin, pushing Strategy’s treasury above 815,000 BTC. But as STRC funds bigger and bigger buys, a deeper question is emerging: is this brilliant Bitcoin financial engineering, or a dangerous new layer of leverage built on top of hard money? This episode breaks down Coffeezilla’s critique, Strategy’s defense, Bitcoin financialization, self-custody, macro risk, capital flows, and whether Saylor’s mission has quietly changed.

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