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MicroStrategy is now just Strategy, releases bitcoin-branded merch you can’t pay for with bitcoin

Just hours before its earnings call at 5 p.m. ET today, MicroStrategy announced it has rebranded to just “Strategy.” The company also unveiled new websites and orange-colored merch with a bitcoin sign — Strategy’s new logo.

The merch ranges from Marine Layer orange T-shirts to water bottles, socks, hats, and UnderArmour backpacks. What’s less vast is the payment method.

Currently you can only pay by credit card, and bitcoin payments are not available. When we tried to ask the site’s chatbot about how to pay with bitcoin, we repeatedly got an error message in return.

Payment methods
Screenshot from FAQ of Strategy merch shop

Michael Saylor, founder and executive chairman of Strategy, said in a statement that the new name reflects “one of the most powerful and positive words in the human language.”

“It also represents a simplification of our company name to its most important, strategic core. Antoine de Saint-Exupery said, ‘Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.’ After 35 years, our new brand perfectly represents our pursuit of perfection,” he added. 

The company is the largest corporate holder of bitcoin, though it has recently paused its bitcoin-buying spree.

Currently you can only pay by credit card, and bitcoin payments are not available. When we tried to ask the site’s chatbot about how to pay with bitcoin, we repeatedly got an error message in return.

Payment methods
Screenshot from FAQ of Strategy merch shop

Michael Saylor, founder and executive chairman of Strategy, said in a statement that the new name reflects “one of the most powerful and positive words in the human language.”

“It also represents a simplification of our company name to its most important, strategic core. Antoine de Saint-Exupery said, ‘Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.’ After 35 years, our new brand perfectly represents our pursuit of perfection,” he added. 

The company is the largest corporate holder of bitcoin, though it has recently paused its bitcoin-buying spree.

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New bitcoin AfterDark ETF will be bitcoin at night, Treasurys by day

Tidal Trust II submitted form N-1A with the SEC to register a bitcoin ETF designed to systemically capture the cryptocurrency’s overnight return profile, a time window that delivered a significant portion of bitcoin’s upside last year.

The Nicholas Bitcoin and Treasuries AfterDark ETF provides long bitcoin exposure during US overnight hours, from the closing bell until the following morning’s market open, when the fund intends to unwind its positions, according to a document filed with the SEC on Tuesday. 

To gain that exposure, the ETF may use a number of methods, including bitcoin futures contracts, US-listed ETFs, or exchange-traded options on such bitcoin underlying funds. When the market is open and daytime trading is active, the fund’s portfolio will consist of US Treasury securities and other cash equivalents. 

In 2024, most of bitcoin’s gains occurred after-hours, senior Bloomberg ETF analyst Eric Balchunas reported:

The AfterDark ETF filing comes as bitcoin crossed $94,000 on Tuesday, rising 4.5% in the last 24 hours. Even though spot bitcoin ETFs saw nearly $60.5 million in outflows on Monday, the investment vehicles have a cumulative net inflow of $57.6 billion, per SoSoValue.

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