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Bigger is Better: Why Stellar is the Leader in Cash-to-Crypto On and Off-Ramps
July 26, 2023
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At the Stellar Development Foundation (SDF), we like to talk about interoperability on the Stellar network; more specifically, the network’s ability to connect the fiat economy to the digital economy so that value can flow between them quickly, affordably, and seamlessly. That’s a value proposition any business likes to hear. As for the end users? They now have options to hold their value in more places than ever, thanks to increased access to previously gated financial services.
 

And while value can stay parked in one place and even grow, whether it be a checking account, digital wallet, or piggy bank, value is only useful if people can actually use it

This is where on and off-ramps come in. Crypto is often touted as democratizing access to financial services for underbanked and unbanked people worldwide, but much of the world – roughly 2 billion workers in the informal economy, or over 60% of the world’s adult labor force – don’t have access to financial services required to easily use these digital assets. To them, they’d prefer cash because they can use cash.

Why do cash-to-crypto on and off-ramps matter?

People living in cash-based economies often don't have access to bank cards or accounts. But having access to cash-to-crypto on and off-ramps enable them to hold digital assets, making it viable for them to access financial services such as P2P payments, cross border payments, and value storage – all use cases that might not be possible in a purely physical financial world where their cash can’t travel globally, 24/7. 

By converting from cash to crypto, people can do more with their cash than they could before. 

But to date, these on and off-ramps have been a largely deprioritized piece of the global financial infrastructure. The potential of crypto and blockchain cannot be fully realized until there are more easy, accessible ways for people to get value both into and out of the digital economy.  

The Stellar network is making this happen, one on and off-ramp at a time.

The state of cash-to-crypto on and off-ramps

To better understand how large a role on and off-ramps play in today’s financial systems, SDF commissioned The Block to conduct data-driven research quantifying cash-to-crypto access worldwide. By leveraging publicly available data and the services of data aggregators, The Block was able to quantify the level of access to cash-to-crypto on and off-ramps, a segment of  blockchain-based financial services, across different blockchains. 

The Block also looked at over 100 third-party service providers (e.g., financial institutions such as MoneyGram International) to determine the number of access points they provide to public blockchains, which blockchains they offer access to, and where they are located. 

So what does the research say? The details are illustrated below:

Stellar network leads cash-to-crypto accessibility in off-ramps and in the total number of global on and off-ramps

Generally, the total number of on-ramps outnumber off-ramps by a large margin. It makes sense; after all, they’re servicing higher demand for people to enter a new emerging industry. There's an appetite to onboard, use crypto, and innovate with blockchain.

However, digital assets don’t possess broader utility in the physical economy in part because the number of off-ramps does not match up with the number of on-ramps (yet). While onramping makes it easy to deposit and store value for future use, being able to extract it for everyday use cases is just as important.

Total on-ramp locations by asset - The Block’s “Quantifying Cash to Crypto Access Worldwide” Report
Total off-ramp locations by asset - The Block’s “Quantifying Cash to Crypto Access Worldwide” Report

The Stellar network far outpaced Bitcoin and other blockchains when it came to the number of off-ramps: a staggering 322,000 [as compared to Bitcoin in second with a distant 98,208 off-ramps]. Due to the extensive Stellar anchor network, financial institutions all across the world are plugging into the digital economy, providing their users an easy path in and out of the digital economy. The role of the first-of-its-kind MoneyGram Access service on Stellar is particularly noteworthy, with the report calling out that MoneyGram is the single largest provider of on and off-ramp access. With the Stellar network’s emphasis on real-world utility, it is vital for the network to close the last-mile for end users as much as possible, whether that be through on and off-ramps or other solutions.

Combining the number of on-ramps with off-ramps, the Stellar network led the pack in terms of the absolute number of cash-to-crypto ramps (475,000+) out of all the blockchains examined in this report. 

The Stellar network fills a critical gap in cash off-ramps globally

The Block Report points to an overall cash-to-crypto ramp accessibility challenge in under-served regions specifically. According to the Report, the cash-to-crypto ramp coverage in Africa, Asia, and South America is highly limited compared to coverage in North America and Europe across practically all assets and blockchain networks

Cash on-ramp providers by continent - The Block’s “Quantifying Cash to Crypto Access Worldwide” Report

This disparity is particularly noticeable with respect to off-ramps. Outside of North America and Europe, people are unable to easily withdraw the value they’ve stored digitally, making digital assets inconvenient for everyday use.

Cash off-ramp providers by continent - The Block’s “Quantifying Cash to Crypto Access Worldwide” Report

However, the Stellar network proves the exception when it comes to off-ramps, and the network is readily filling this gap in the Asian, African, and South American markets. In these under-served regions, the geographical distribution of cash-to-crypto ramps on the Stellar network is far ahead of other networks. 

On-ramps (location)Stellar network2nd largest network
Africa8,300+2,900+
Asia7,000+300+
South America19,000+100+
Off-ramps (location)Stellar network2nd largest network
Africa53,300+17
Asia147,500+90+
South America24,800+90+

The report found that compared to other networks, the Stellar network has a uniquely extensive and globally distributed network of cash-to-crypto on and off-ramps that can be used. It is also a uniquely accessible service, as users don’t need a bank account or credit card to leverage it.

However, there is always opportunity to build on and off-ramps more evenly across geographies. And as long as SDF’s mission remains to create equitable access to the world’s financial systems, we will commit to supporting Stellar’s vibrant ecosystem in building and growing solutions on the network so that more of the unbanked and underbanked around the world can access these on and off-ramps.

Leading the charge in cash-to-crypto on and off-ramps

Trends run rampant in the crypto industry, and while products and services have proliferated to give people the ability to participate in the digital economy, the same can’t be said for making crypto useful for the real world. This report illustrates much of that disparity, with large swathes of the world population unable to translate their digital value into fiat. But where there’s disparity, there’s opportunity.

Let’s talk about a more interconnected world and change how we build. 

For consumers, the breadth of the on and off-ramp services available on the Stellar network means more worldwide access to financial services powered by the blockchain and digital assets. The Stellar network is the leader in on and off-ramps. By choosing Stellar as their blockchain of choice, MoneyGram International built MoneyGram Access™ to provide users in over 180 countries the ability to convert crypto into local currency for instant pickup at participating MoneyGram locations – no bank account needed. 

As for technical solutions, it’s easier than ever to become an anchor on the Stellar network. Through the Stellar Anchor Platform, companies offering financial services, such as on and off-ramps and cross-border payments, can connect their payment services to the Stellar network via one integration of the Stellar Anchor Platform. 

Even with the Stellar network being the global leader in terms of the absolute number of on and off-ramps, there’s still a lot of ground to cover. Join us as we help businesses and builders realize their visions to create a more connected world, where everyone, no matter who they are or where they're from, has the chance to thrive. After all, that's the true utility of Stellar.

Dig into the insights of The Block report here. You can also learn all you need to know about on and off-ramps on the Stellar network here

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🇺🇸 Jerome Powell said banks are free to provide Bitcoin and crypto services

TRILLIONS incoming 🚀

00:00:24
This Is A CONGRESSWOMAN, LISTEN..

🚨 “Something Big Is Being Hidden… 3IATLAS” – Congresswoman Luna Breaks Silence 🚨

Congresswoman Anna Paulina Luna has spoken out about the mystery of 3I/ATLAS, showing her full support for Harvard scientist Avi Loeb’s investigation. She’s now teaming up with Loeb to uncover what the government might be hiding about non-human life forms, and why access to key footage is being blocked from the public.

Luna says this fight for UFO and ET disclosure is a bipartisan battle, but warns that powerful forces inside the intelligence community and the Department of Defense are pushing back hard to keep the truth hidden.

Meanwhile, sources claim that NASA’s Mars Reconnaissance Orbiter (MRO) captured rare images of 3I/ATLAS on October 2–3, but those pictures still haven’t been released — adding even more mystery to the case.

Could this be the moment the truth finally breaks through? 👀

00:03:33
🚨BREAKING: Today, the LAST Penny will be minted!

🚨BREAKING: IT'S OFFICIAL: The US Mint will officially STOP minting pennies. Today, the LAST Penny will be minted!

One Penny Costs the U.S Taxpayer $0.37 cents to Mint.

U.S. Mint lost $85,300,000,000 BILLION minting pennies in FY2024 alone.

00:01:00
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading

🚨 GOOGLE TO INVEST 40B IN TEXAS DATA CENTERS 🚨

Google is set to invest 40 billion in three new data centers in Texas, expanding its presence as competitors like OpenAI and Anthropic PBC also make significant investments in the state. This investment is expected to continue through 2027.

🔑 Key Points

  • Investment Details: Google plans to build three new data centers in Texas, with locations in Armstrong County and Haskell County. One of the facilities in Haskell will be integrated with a new solar and battery energy storage plant to alleviate strain on the power grid.

  • Job Creation and Training: The investment is expected to create thousands of jobs and offer skills training for college students and electrical apprentices. Google.org’s AI Opportunity Fund will also support an electrical training program to increase the number of apprentices in Texas.

  • State Support: Texas has become a prime location for data centers due to its lower energy costs, extensive available land, and supportive ...

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🚨 CONGRESS RELEASES NEW SENATE DRAFT TO SETTLE SEC VS CFTC TURF 🚨

The US Congress is working to clarify the regulatory framework for digital assets, with two Senate committees releasing competing drafts aimed at bringing order to the crypto market. These drafts propose significant changes that could reshape everything from Bitcoin spot markets to Ethereum disclosures and exchange rulebooks.

🔑 Key Points

  • Agriculture Committee Draft: This draft expands the Commodity Futures Trading Commission’s (CFTC) role, granting it authority over “digital commodities” and their spot markets. It sets up registration requirements for exchanges, brokers, and dealers, mirroring CFTC oversight of traditional commodities.

  • Banking Committee Draft: This draft, called the Responsible Financial Innovation Act, focuses on digital assets that straddle the line between securities and commodities. It defines an “ancillary asset” and gives the SEC explicit authority to oversee these instruments, requiring ...

🚨 RIPPLE WINS THE FIGHT BUT GHOSTS WALL STREET DESPITE 40B IPO VALUATION 🚨

Ripple has emerged victorious in its legal battle with the US Securities and Exchange Commission (SEC) over the status of XRP, but it has chosen to remain private despite a 40 billion valuation. This decision highlights the complex relationship between crypto firms and public markets.

🔑 Key Points

  • Legal Victory: In July 2023, the court ruled that XRP was not a security when sold on public exchanges, clearing a major hurdle for Ripple. This victory was expected to pave the way for an initial public offering (IPO).

  • Staying Private: Instead of going public, Ripple has confirmed it has “no plan, no timeline” for an IPO. President Monica Long emphasized that Ripple has about 500 million in funding and a private valuation near 40 billion.

  • Avoiding Public Market Challenges: Ripple’s decision to stay private avoids the volatility and regulatory scrutiny associated with public markets. This strategy allows the ...

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3I/ATLAS — Secret Laws Of Gravity
Unlocking the future of space travel through the precise calculation of time and orbital trajectories.

"My preliminary analysis suggests two principal hypotheses regarding the reported phenomenon known as '3I/Atlas':

  1. A Coordinated Psychological Operation (PsyOp): The phenomenon may constitute a calculated effort to manipulate public sentiment or induce fear, potentially preceding a planned, large-scale deception (referred to informally as 'Project Bluebeam').

  2. A Highly Anomalous Object: Alternatively, the phenomenon represents an authentic, significant anomaly warranting serious scientific or intelligence scrutiny.

Regardless of its origin, '3I/Atlas' represents an historically noteworthy development that necessitates close, informed observation."

 

~Crypto Michael | The Dinarian 🙏

Abstract Introduction:

New data is now showing something that arrived early and its changing colors as we previously predicted.

In orbital mechanics where trajectories are calculated centuries in advance with accurate precision measured in seconds.

A 11-minute deviation is not a rounding error.

It’s not a typo in the database.

It’s not close enough.

"It’s Physically impossible.”

Now The longest government shutdown in U.S. history still blocking NASA releases while the object executed its closest Fly-by approaches to Mars, The Sun and Venus at the moment of maximum observational blackout.

But orbital mechanics don’t care about “government shutdowns.”

Our observations Don’t Stop.

And the math doesn’t wait for “Press releases.”

The math says this:

“If 3I/ATLAS is natural, it should have lost about 5.5 billion tons of mass.”

It didn't.

1. The 5.5 Billion Ton Problem:

Let’s start with what everyone agrees on: 3I/ATLAS “now” arrived earlier than pure gravitational predictions would allow. Even though we have been mentioning this trajectory change over 2 Weeks ago (October 21st Article HERE) TRACKING 3I/ATLAS .

The scientific consensus explanation? “Natural outgassing” the "rocket effect." As water ice sublimates near the Sun, it creates thrust, like a slow-motion rocket engine powered by evaporating ice. Comets do this all the time. It’s normal. It’s natural. It’s explainable.

Except for ONE problem.

The Physics Don’t Add Up!”

To generate enough thrust to arrive approximately “11 minutes early” would require shedding a staggering amount of mass.

Our calculations show “over 5.5 billion tons” of gas ejected over the perihelion passage.

Think about that for a moment.

That’s not a little puff of vapor.

That’s not some gas leaking from surface cracks.

That’s 15% of the object’s total estimated mass.

If 3I/ATLAS lost that much material naturally, it would create a debris cloud larger than Jupiter’s magnetosphere—visible to amateur telescopes from Earth. Absolutely impossible to miss in professional observations, and bright enough to be catalogued by every sky survey on the planet.

1.1 ~ The Plume Paradox:

Here’s where it gets interesting:

No such cloud has yet to be observed.

Not by Hubble. Not by JWST. Not by ground-based observatories. Not by the Mars orbiters that watched it pass at 30 million kilometers.

The brightness remained within “expected limits.” The coma showed stable & geometric shifting features. The tail structure now disappeared (but that’s another story). The main one is that: “The debris cloud that should exist — simply doesn’t.”

This isn't a minor discrepancy.

This is complete, mathematical failure of the natural comet hypothesis.

Part 2: The Industrial Signature:

So if natural sublimation didn't create the thrust, what did?

The answer is hidden in the chemistry—specifically, in what shouldn’t be there. “The Nickel Anomaly.” When multiple astronomers analyzed 3I/ATLAS’s spectral signature, they found something extraordinary: “nickel vapor” (Ni) at extreme distances from the Sun, where temperatures should be far too cold for metals to vaporize naturally.

Nickel doesn't just evaporate on its own at those temperatures.

It needs HELP.

And there’s only one known process—natural or industrial—that produces a volatile nickel-carbon compound at cold temperatures which we have said several times previously;

Nickel Tetracarbonyl: Ni(CO)₄

This is not a natural cosmic process.

This is an “industrial chemical pathway” used on EARTH for metal refinement!!!

It forms at 120°C and decomposes at 180°C allowing nickel to vaporize at temperatures where water ice would remain frozen solid.

It is LITERALLY, an industrial refrigerant for metal processing.

The presence of Ni(CO)₄ in the plume tells us two things:

  • The core is not ice — It’s a nickel-rich, engineered structure.
  • The process is not passive sublimation — it’s an active, controlled system.

The nickel vapor isn’t contamination.

It’s not a coincidence.

It’s Exhaust.

3. Secret Gravity (SOEG) Model:

This is where our research team proposes something NEW.

We call it The “Self-Optimizing Ejection Guidance (SOEG) Model”

A Brand New Scientifically defensible framework that explains the acceleration not as chaotic outgassing, but as “controlled propulsion.”

The SOEG Model (Project EE / 3IE)

The System:
• Volatile Reservoir — CO₂ ice + Nickel-rich metallic core.
• Solar Heating — Perihelion triggers sublimation at optimal moment.
• Magnetic Ionization — Internal magnetic field ionizes nickel vapor into plasma.
• Anisotropic Jets — Plasma channeled through focused nozzles. (not random cracks)
• Thrust Optimization — Maximum momentum transfer with minimal mass loss.

Unlike natural cometary outgassing—which is chaotic, omnidirectional, and wildly inefficient. The SOEG Model Fully Represents: (CONTROLLED, DIRECTIONAL, OPTIMIZED PROPULSION.)

It’s the engineering solution to interstellar navigation: Using a “magnetofluidic drive” that uses the Sun’s + Nearby Planets & Star energy to activate a propulsion system that was BUILT.

The secret is in the magnetic field. By ionizing the nickel-carbon vapor into a high-velocity plasma jet, the system achieves thrust efficiencies that natural sublimation could never match.

This isn’t science fiction. This is “magnetohydrodynamics” the same physics that powers experimental plasma thrusters being developed by NASA and ESA for deep-space missions.

The difference?

We’re building prototypes…

Someone else already perfected it.

4. The Scientific Statistical Test:

Here’s what makes it undeniable.

Natural comets exhibit HIGH temporal variance in their acceleration parameters.

Technical terms like (A₁) and (A₂) that describe how thrust changes over time. Natural outgassing is messy, chaotic & unpredictable.

Our Prediction:

We formally predict that when sufficient post-perihelion data is published — expected from JUICE observations (data release February 2026) and ground-based telescopes through December 2025— 3I/ATLAS WILL show:

  • (A₂ parameter near zero) — phase-locked rotational coherence.
  • Temporal drift < 0.5σ — stability far beyond natural variance.
  • “Thrust vector alignment” with rotational axis — body-fixed engine signature.

If ALL 3 conditions are met.

The probability that 3I/ATLAS is a natural comet drops below 0.01% (a >4σ statistical rejection).

This is not speculation. This is a time-stamped, falsifiable prediction.

By February — March 2026, we will either be proven right or wrong.

The data doesn’t care about our theories. It only cares about what actually happens.

5. The Blue Hue 🔵:

Now there’s one more piece of evidence—and it’s visible to the naked eye (well, through a telescope). “The Color Anomaly.”

Natural comets scatter sunlight off dust particles, producing a yellowish-red glow. At 1.36 AU from the Sun, 3I/ATLAS should have appeared reddish-orange from thermal emission.

Instead, observers noted something strange: “A distinct blue fluorescence” in the coma.

What Blue Light Means?

Blue emission in a comet’s coma comes from highly ionized species—primarily “CO” (carbon monoxide ions) and certain excited metallic vapors. This requires enormous, “FOCUSED” energy to achieve.

You don’t get this level of ionization from passive solar heating. You get it from ~ Active Plasma Generation. The blue hue is the visible proof of the SOEG engine operating at perihelion. It’s the "engine glow" of a magnetofluidic drive generating high-energy plasma to achieve maximum thrust efficiency.

Compare:
- Natural comets (Hale-Bopp, NEOWISE, 67P, Etc.): Usual Yellowish-red dust scattering.
- Expected for 3I/ATLAS at 1.36 AU: Reddish-orange thermal glow.
- Observed in 3I/ATLAS: Distinct “Blue” plasma fluorescence.

This isn't subtle.

This is the difference between reflected sunlight and an active thruster firing.

5.5 ~ Convergence of Evidence:

Let's put it all together.

The Self-Optimizing Ejection Guidance (SOEG) Model is not speculation. It’s not wild theorizing. It’s one of the only frameworks that coherently explains:

✅ The early arrival— non-gravitational acceleration without natural explanation.

✅ The missing 5.5-billion-ton debris cloud — controlled thrust with minimal mass loss.

✅ The Ni(CO)₄ industrial signature — engineered propulsion chemistry.

✅ The blue plasma glow — active ionization system visible during perihelion.

✅ The statistical impossibility — phase-locked stability beyond natural variance. (pending verification)

However each piece of evidence, standing alone, is anomalous but potentially explainable.

Together, they form an interlocking pattern that demands a technological origin.

But then there’s the Silence.

Venus conjunction: Still offline.

This is not incompetence.

This is recognition.

THEY know something we’re still calculating.

December 19, 2025: 3I/ATLAS reaches closest approach to Earth at 167 million miles.

“If the calculations are correct, the 5.5-billion-ton debris cloud should be impossible to miss. Every telescope on the planet will be watching.”

All of this new information scheduled to be released should definitely include the following: High-resolution spectroscopy, morphological analysis, particle environment data and MOST CRITICALLY the astrometric parameters that will confirm or refute our SOEG model’s predictions.

“If the A₂ parameter shows phase-locked stability, the SOEG model is confirmed.”

Conclusion:

The Numbers Don’t Lie. The orbital path was not set by gravity alone. The acceleration was not powered by ice. The chemistry was not natural. And the timing is not “coincidental.”

3I/ATLAS is a message written in orbital mechanics, plasma physics, and industrial chemistry—a message we have “74 days” left to fully decode.

The mathematics are clear.

The predictions are calculated.

We don't have to speculate about what it is.

We just have to (wait) for the complete data packet to arrive.”

And when it does, one of two things will happen:

Either the natural hypothesis survives (unlikely, given the evidence). Or we confirm what the numbers have been screaming to us since October are TRUE.

Something pushed it. Something controlled it. Something arrived exactly when it needed to.”

Or The A-parameters will lock.

The plasma signature will confirm.

The debris cloud will be absent.

And the institutional silence will make perfect sense.

Because you don’t announce a discovery like this through a press release.

You announce it through a “Calculated Strategy.”

Analogy Conclusion:

The orbital path was set by laws that were not known,
For where the starlight failed, a force was subtly sown.

No dust and ice, but Nickel in the plume’s blue gleam,
A pulse of hidden power, of controlled, forgotten dreams.

The A-Parameter locks, The true secret of the sphere,
The Simultaneous Truth arrives, When all the numbers are near.

— Earth Exists

Additional Reference & Data Source Links 🖇️:

EARTH EXISTS Documentation:
- [Previous article. 35 Days of Silence — 3I/ATLAS]

Source

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BlackRock Is Manipulating The Price Of Bitcoin👀

Blackrock possess a strategic depth that goes far beyond initial appearances. When the general market perceives selling and traders respond with emotion, these major players are often operating on a much more profound level. They adeptly identify and leverage every available mechanism to influence market dynamics. Their power isn't in direct control of the asset, but in understanding how to move the market without ever taking direct ownership.

What entity has become the most prominent corporate champion of Bitcoin ($BTC)?

It's the one with the massive treasury holdings, known as Microstrategy.

 

However, the major strategic challenge lies here: the size of their Bitcoin position is fundamentally linked to their external financing, typically in the form of debt.

This reliance on significant debt creates an inherent vulnerability—a dependence on creditors and shareholders. When an entity's position is highly leveraged, that dependence makes them susceptible to market manipulation or strategic pressure from external financial forces.

When a highly leveraged corporate holder of a significant asset (like $BTC) faces external financial stress, that pressure inevitably transfers to the asset itself.

Blackrock's goal isn't to induce a market crash, but rather to establish a dominant position and control.

Any substantial sale of major cryptocurrencies like $BTC or $ETH initiated by Blackrock, can be interpreted not as routine trading, but as a deliberate effort to manipulate market sentiment and pricing.

Blackrock is deploying a sophisticated combination of tactics: they simultaneously generate market volatility through strategic sales of the asset ($BTC) while accumulating shares in key corporate holders (the stock symbolized by $MSTR).

The deeper intent is to leverage this equity stake to direct the corporate strategy of the highly leveraged Bitcoin champion.

With a sufficiently large ownership percentage, this influence becomes highly effective. The resulting market power is therefore a function of both manipulating price movement and controlling corporate policy.

Is Microstrategy (the company represented by the $MSTR stock) vulnerable to this kind of pressure? The evidence suggests yes.

A substantial stake held by Blackrock grants them effective leverage to influence and manipulate the company itself.

When the company's shares experience a significant decline, the leadership is often compelled to take action, potentially buying back their own stock. This action is driven by the fact that falling share prices directly intensify financial and market pressure on the entire organization.

If the stock of Microstrategy continues a sustained decline, lenders will inevitably begin to re-evaluate and revise the terms of existing loans. This is a critical point of failure for the entire strategy.

The fundamental operational model of this corporate champion works like a closed loop:

  • It secures debt financing (taking loans) to acquire $BTC.

  • Alternatively, it issues new equity (selling shares) to acquire $BTC.

Crucially, the ongoing interest payments on this substantial debt are often managed by the mechanism of issuing even more shares, creating a continuous cycle of dilution and reliance on a high stock price.

A major consequence of rising leverage is the escalating cost of borrowing, requiring Microstrategy to source even larger amounts of capital.

The most straightforward solution—to issue and sell more stock—proved to be insufficient.

In fact, the situation worsened: the company’s recent attempt to raise funds through a stock offering did not fully sell out. This failure directly resulted in a significant liquidity shortfall, hamstringing Microstrategy’s ability to meet its financial obligations and continue its asset acquisition strategy.

And the ultimate shock came when Microstrategy—the very entity that vowed it would never liquidate its holdings—began to sell.

These weren't insignificant trades; the sales were valued at billions of dollars.

The key question now becomes: Does this sudden, massive reversal signal the imminent collapse of Microstrategy, or is it simply a necessary, albeit drastic, maneuver of 'business as usual' under extreme duress?

There appear to be two primary strategic objectives behind Blackrock's calculated moves:

  • Scenario A (Direct Dominance): Blackrock aims to neutralize its most prominent competitor (the corporate Bitcoin accumulator) in order to seize the title as the largest holder of $BTC.

  • Scenario B (Indirect Control): The institution’s goal is to establish absolute market control and influence, preferring to leverage Microstrategy to execute the most aggressive or politically difficult actions.

The outright financial destruction of Microstrategy is highly improbable. Such an action would trigger a severe market crash that could take years to fully repair.

The far more intelligent strategy is integration and control.

Under this model, Microstrategy remains operational, while Blackrock secretly dictates strategy. This allows Microstrategy to absorb the market blame for any necessary but controversial manipulation, a classic and often dirty tactic used by high-powered financial entities.

In the immediate future, the market will continue to exhibit strong reactions to the strategic maneuvers of Blackrock.

When they execute sales, it instantly captures headlines, is aggressively amplified by the media, and causes fearful retail traders ('weak hands') to panic and exit their positions.

Every decrease in price that results from this panic directly translates into a superior entry point for Blackrock. This clearly illustrates that the current market environment is driven purely by emotion, making it a survival game reserved only for those with the strongest resolve.

In the long run, the nature of $BTC will likely shift, moving away from its original ideals of being completely free and decentralized.

The vast majority of the available supply is projected to become highly concentrated within a small number of major corporations and investment funds.

Consequently, the price cycles will no longer be reliably tied to events like halvings or popular narratives. Instead, they will be driven primarily by government and central bank policy decisions, overarching macroeconomic conditions, and the internal political maneuverings of the world's most dominant funds and corporations.

Blackrock's goal is not to eliminate $BTC; instead, they are focused on constructing an elaborate system of control around the asset.

Microstrategy (the stock symbolized by $MSTR) remains a powerful tool, but it now operates under terms and directives that the company's leadership no longer fully dictates.

Since direct command over the decentralized asset is impossible, control is established through strategic influence over the largest corporate and fund custodians. Moving forward, Blackrock will be the primary entity determining the market's trajectory.

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A Request for NASA to Release Scientific Data on 3I/ATLAS

During my recent podcast interview with Joe Rogan (accessible here), I had mentioned the unfortunate circumstances, under which NASA had not released for four weeks the images collected by the HiRISE camera onboard the Mars Reconnaissance Orbiter. These images were taken on October 2–3, 2025, when the interstellar object 3I/ATLAS passed within 30 million kilometers from Mars. The images are extremely valuable scientifically because they possess a spatial resolution of 30 kilometers per pixel, about 3 times better than the spatial resolution achieved in the best publicly available image from the Hubble Space Telescope, taken on July 21, 2025 (accessible here and analyzed here). Whereas the Hubble image was taken from an edge-on perspective since Earth and the Sun were separated by only ~10 degrees relative to distant 3I/ATLAS, the HiRISE image offers a sideways perspective, valuable in decoding the mass loss geometry and glow around as it approached the Sun.

The delay in the data release was argued to be the result of the government shutdown on October 1, 2025. Nevertheless, conspiracy theorists suggested that it may have to do with evidence for extraterrestrial intelligence in the HiRISE images. When asked about it, I suggested that the delay is probably not a sign of extraterrestrial intelligence but rather of terrestrial stupidity. We should not hold science hostage to the shutdown politics of the day. The scientific community would have greatly benefited from the dissemination of this time-sensitive data as astronomers plan follow-up observations in the coming months.

Joe Rogan suggested that I contact the interim NASA administrator, Sean Duffy. The following day, I corresponded with congresswoman Anna Paulina Luna regarding a related formal request from NASA. Following our exchange, Representative Luna wrote a brilliant letter to NASA’s acting administrator Duffy.

We all owe a debt of deep gratitude for the visionary support displayed by Representative Luna to frontier science through her letter, attached below.

Avi Loeb is the head of the Galileo Project, founding director of Harvard University’s — Black Hole Initiative, director of the Institute for Theory and Computation at the Harvard-Smithsonian Center for Astrophysics, and the former chair of the astronomy department at Harvard University (2011–2020). He is a former member of the President’s Council of Advisors on Science and Technology and a former chair of the Board on Physics and Astronomy of the National Academies. He is the bestselling author of “Extraterrestrial: The First Sign of Intelligent Life Beyond Earth” and a co-author of the textbook “Life in the Cosmos”, both published in 2021. The paperback edition of his new book, titled “Interstellar”, was published in August 2024.

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