{
  "title": "Michael Saylor on The Bitcoin Group: A Decade of Calls",
  "generated_at": "2026-05-08",
  "anchors": [
    {
      "id": "first-appearance",
      "date": "2020-08-14",
      "ep": 229,
      "headline": "Saylor's first appearance on TBG",
      "subhead": "Three days after MicroStrategy announced its $250M, 21,454-BTC purchase, the panel ran issue two: \"micro strategy.\"",
      "panel": "Ben Arck, Martin (General Bytes), Thomas Hunt",
      "context": "August 11, 2020. MicroStrategy CEO Michael Saylor announced the company had bought 21,454 BTC for $250M \u2014 the first major Wall Street treasury position in Bitcoin. TBG #229 aired three days later.",
      "url": "/tbg-mirrors/transcripts/TBG-229.html",
      "yt": null,
      "btc_price": 11860.91
    },
    {
      "id": "no-sell-ever",
      "date": "2020-10-23",
      "ep": 232,
      "headline": "The \"100 years\" stance",
      "subhead": "The first time TBG covered Saylor's \"never sell\" framing \u2014 the canonical version of it, in his own words.",
      "panel": "Martin (General Bytes), Josh Gagalla (Voltoro), Thomas Hunt",
      "context": "Saylor told the world MicroStrategy would hold its Bitcoin for 100 years and described it as \"the world's best collateral.\" Issue three on TBG #232 was titled \"one hundred years.\" That phrasing \u2014 hold for 100 years \u2014 became the basis of the \"never sell\" doctrine that he repeated for the next 5+ years.",
      "url": "/tbg-mirrors/transcripts/TBG-232.html",
      "yt": null,
      "btc_price": 13126.13
    },
    {
      "id": "today",
      "date": "2026-05-08",
      "ep": null,
      "headline": "Today: \"sometimes you have to\"",
      "subhead": "On the May 5 Q1 earnings call, Saylor said the words. Today's Fortune piece is the cleanup.",
      "panel": null,
      "context": "On the May 5, 2026 Q1 earnings call, Saylor said: \"We will probably sell some bitcoin to pay a dividend just to inoculate the market and send the message that we did it.\" Three days later (May 8), Fortune ran his clarification: \"The haters... the skeptics and the short-sellers don't recognize that we're just selling a Bitcoin derivative, and we have the option to sell the Bitcoin.\"",
      "url": null,
      "btc_price": null
    }
  ],
  "roll_call": [
    {
      "name": "Thomas Hunt",
      "handle": "@MadBitcoins",
      "verdict": "Called it",
      "rank": 1,
      "ep": 269,
      "ep_date": "2021-07-30",
      "ep_title": "TBG #269 \u2014 MicroStrategy posts $299M loss",
      "ep_url": "/tbg-mirrors/transcripts/TBG-269.html",
      "quote": "We're talking about Michael Sailor before. We've always said this was coming. There would be a point where the board came to him with pitchforks and said: what are you doing with our money? I don't think we're quite there yet, but we are starting to see signs.",
      "verbatim": true,
      "summary": "Thomas predicted board pressure and forced selling almost five years before the May 2026 reversal. Called the structural pressure first."
    },
    {
      "name": "Thomas Hunt",
      "handle": "@MadBitcoins",
      "verdict": "Called it",
      "rank": 2,
      "ep": 339,
      "ep_date": "2022-12-30",
      "ep_title": "TBG #339 \u2014 MicroStrategy Sells",
      "ep_url": "/tbg-mirrors/transcripts/TBG-339.html",
      "quote": "We all said it was going to happen and now it's happened. Although only for tax reasons, MicroStrategy sold some Bitcoin and quickly bought it back later. However, their stance as a never-sell HODLer is now in question now that they've sold for tax reasons.",
      "verbatim": true,
      "summary": "Three years before the dividend-funding sell signal, Thomas flagged that MicroStrategy's 704-BTC tax-loss-harvest sale had already broken the doctrine in spirit. The walkback was visible from the year-end 2022 filings."
    },
    {
      "name": "Jesse",
      "handle": "TBG panel",
      "verdict": "Called it",
      "rank": 3,
      "ep": 436,
      "ep_date": "2024-12-28",
      "ep_title": "TBG #436 \u2014 Investor Appetite",
      "ep_url": "/tbg-mirrors/transcripts/TBG-436.html",
      "quote": "If MicroStrategy has some kind of liquidity issue, if some companies start selling with weak hands, if it tanks again, they'll probably all jump on board and all sell it and it will create some volatility event.",
      "verbatim": true,
      "summary": "Eighteen weeks before today's news, Jesse mapped the exact mechanism: a liquidity issue at MicroStrategy triggers a volatility event. Net loss of $12.54B in Q1 was disclosed May 5."
    },
    {
      "name": "Josh Gagalla",
      "handle": "Voltoro / The Standard",
      "verdict": "Wrong / partially right",
      "rank": 4,
      "ep": 339,
      "ep_date": "2022-12-30",
      "ep_title": "TBG #339 \u2014 MicroStrategy Sells",
      "ep_url": "/tbg-mirrors/transcripts/TBG-339.html",
      "quote": "Part of being in Bitcoin, sometimes you've got to sell. This whole trope of like HODL, HODL, HODL \u2014 sometimes things come along. Life is life. You just got to spend money when you've got to spend money.",
      "verbatim": true,
      "summary": "Said the quiet part out loud in 2022: the HODL trope eventually meets reality. Got the principle right; later episodes (TBG-451, TBG-458) leaned more bullish on Saylor's leverage."
    },
    {
      "name": "Dan Eve",
      "handle": "TBG panel",
      "verdict": "Wrong / partially right",
      "rank": 5,
      "ep": 318,
      "ep_date": "2022-08-05",
      "ep_title": "TBG #318 \u2014 Saylor Down",
      "ep_url": "/tbg-mirrors/transcripts/TBG-318.html",
      "quote": "His sailor bar was 3K. He said 3K would Wipeout MicroStrategy. So it'll be interesting to see now that he's moved.",
      "verbatim": true,
      "summary": "Tracked Saylor's own stated wipeout level when MSTR was bleeding in summer 2022. Bitcoin never hit $3K \u2014 the wipeout never came \u2014 but the structural fragility Dan was watching is exactly what the May 5 earnings call exposed."
    },
    {
      "name": "Victoria Jones",
      "handle": "Satoshi's Page",
      "verdict": "Held position",
      "rank": 6,
      "ep": 466,
      "ep_date": "2025-09-06",
      "ep_title": "TBG #466 \u2014 Core vs. Knots",
      "ep_url": "/tbg-mirrors/transcripts/TBG-466.html",
      "quote": "He's using Bitcoin within the existing fiat system, which is fragile. While it's still strong, Michael Seller's onto a good thing. But if something happens that does damage the reputation of Bitcoin, the whole house of cards has a potential to fall. It has been a dramatic rise, but it could also be a dramatic fall.",
      "verbatim": true,
      "summary": "The clearest framing of the structural risk: MicroStrategy's machine works only as long as Bitcoin's narrative does. Held that line eight months before the reversal."
    },
    {
      "name": "Martin",
      "handle": "General Bytes",
      "verdict": "Held position",
      "rank": 7,
      "ep": 232,
      "ep_date": "2020-10-23",
      "ep_title": "TBG #232 \u2014 100 years HODL",
      "ep_url": "/tbg-mirrors/transcripts/TBG-232.html",
      "quote": "I'm big, big fan and I'll keep my Bitcoin for 100 years too. I advise everybody just to keep holding. Yes, absolutely fantastic.",
      "verbatim": true,
      "summary": "True believer from the moment Saylor said \"100 years.\" Held that position consistently. Today's news is a test of the framework, not of Martin."
    },
    {
      "name": "Stefan Kinsella",
      "handle": "TBG panel",
      "verdict": "Held position",
      "rank": 8,
      "ep": 272,
      "ep_date": "2021-08-20",
      "ep_title": "TBG #272 \u2014 MicroStrategy is #1 holder",
      "ep_url": "/tbg-mirrors/transcripts/TBG-272.html",
      "quote": "They'll have my Bitcoin when they pry it out of my cold dead hands.",
      "verbatim": false,
      "verbatim_note": "Verbatim text reads 'pride out of' \u2014 Whisper transcription error. Reconstructed phrase shown.",
      "summary": "Personal HODL conviction, not a Saylor-specific call. Included for the contrast \u2014 what individual conviction sounds like vs. corporate balance sheet."
    }
  ],
  "quote_wall": [
    {
      "quote": "MicroStrategy will hold the Bitcoin for 100 years, describing it as the world's best collateral.",
      "speaker": "Thomas Hunt (paraphrasing Saylor)",
      "ep": 232,
      "ep_date": "2020-10-23",
      "ep_url": "/tbg-mirrors/transcripts/TBG-232.html"
    },
    {
      "quote": "I'm big, big fan and I'll keep my Bitcoin for 100 years too. I advise everybody just to keep holding.",
      "speaker": "Martin (General Bytes)",
      "ep": 232,
      "ep_date": "2020-10-23",
      "ep_url": "/tbg-mirrors/transcripts/TBG-232.html"
    },
    {
      "quote": "There would be a point where the board came to him with pitchforks and said: what are you doing with our money?",
      "speaker": "Thomas Hunt",
      "ep": 269,
      "ep_date": "2021-07-30",
      "ep_url": "/tbg-mirrors/transcripts/TBG-269.html"
    },
    {
      "quote": "His sailor bar was 3K. He said 3K would Wipeout MicroStrategy.",
      "speaker": "Dan Eve",
      "ep": 318,
      "ep_date": "2022-08-05",
      "ep_url": "/tbg-mirrors/transcripts/TBG-318.html"
    },
    {
      "quote": "We all said it was going to happen and now it's happened. Their stance as a never-sell HODLer is now in question.",
      "speaker": "Thomas Hunt",
      "ep": 339,
      "ep_date": "2022-12-30",
      "ep_url": "/tbg-mirrors/transcripts/TBG-339.html"
    },
    {
      "quote": "Part of being in Bitcoin, sometimes you've got to sell. This whole trope of like HODL, HODL, HODL \u2014 sometimes things come along.",
      "speaker": "Josh Gagalla",
      "ep": 339,
      "ep_date": "2022-12-30",
      "ep_url": "/tbg-mirrors/transcripts/TBG-339.html"
    },
    {
      "quote": "There's a second-best Bitcoin bull. Michael Seller softens on Ethereum.",
      "speaker": "Thomas Hunt",
      "ep": 411,
      "ep_date": "2024-06-08",
      "ep_url": "/tbg-mirrors/transcripts/TBG-411.html"
    },
    {
      "quote": "If MicroStrategy has some kind of liquidity issue, if some companies start selling with weak hands... they'll probably all jump on board and all sell it and it will create some volatility event.",
      "speaker": "Jesse",
      "ep": 436,
      "ep_date": "2024-12-28",
      "ep_url": "/tbg-mirrors/transcripts/TBG-436.html"
    },
    {
      "quote": "If you too highly leveraged and it starts going down... I think he got very close in one of those mega dips to being totally liquidated. That would have been hardcore \u2014 that would have kicked off other liquidations.",
      "speaker": "Josh Shagalla",
      "ep": 451,
      "ep_date": "2025-04-19",
      "ep_url": "/tbg-mirrors/transcripts/TBG-451.html"
    },
    {
      "quote": "He's using Bitcoin within the existing fiat system, which is fragile... It has been a dramatic rise, but it could also be a dramatic fall.",
      "speaker": "Victoria Jones",
      "ep": 466,
      "ep_date": "2025-09-06",
      "ep_url": "/tbg-mirrors/transcripts/TBG-466.html"
    },
    {
      "quote": "We've even seen MicroStrategy do strange things like they're selling merch now. So the guy who wants you to hold all the Bitcoin in the world says you should go ahead and give some of it up for a t-shirt.",
      "speaker": "Thomas Hunt",
      "ep": 466,
      "ep_date": "2025-09-06",
      "ep_url": "/tbg-mirrors/transcripts/TBG-466.html"
    },
    {
      "quote": "They are near the liquidation zone for their Bitcoin. However, a company like MicroStrategy doesn't have to liquidate \u2014 they can wait and wait and hope.",
      "speaker": "Thomas Hunt",
      "ep": 482,
      "ep_date": "2026-02-13",
      "ep_url": "/tbg-mirrors/transcripts/TBG-482.html"
    }
  ],
  "mstr_holdings": [
    {
      "date": "2020-08-11",
      "btc": 21454,
      "label": "First purchase ($250M)"
    },
    {
      "date": "2020-12-31",
      "btc": 70469,
      "label": "End of 2020"
    },
    {
      "date": "2021-12-31",
      "btc": 124391,
      "label": "End of 2021"
    },
    {
      "date": "2022-12-31",
      "btc": 132500,
      "label": "End of 2022 (sold 704 BTC for tax)"
    },
    {
      "date": "2023-12-31",
      "btc": 189150,
      "label": "End of 2023"
    },
    {
      "date": "2024-12-31",
      "btc": 447470,
      "label": "End of 2024 (Q4 buying spree)"
    },
    {
      "date": "2025-04-06",
      "btc": 528185,
      "label": "April 2025"
    },
    {
      "date": "2025-07-31",
      "btc": 628791,
      "label": "July 2025"
    },
    {
      "date": "2026-04-27",
      "btc": 818334,
      "label": "April 27, 2026"
    }
  ],
  "year_counts": [
    {
      "year": "2020",
      "episodes": 8
    },
    {
      "year": "2021",
      "episodes": 16
    },
    {
      "year": "2022",
      "episodes": 16
    },
    {
      "year": "2023",
      "episodes": 18
    },
    {
      "year": "2024",
      "episodes": 20
    },
    {
      "year": "2025",
      "episodes": 19
    },
    {
      "year": "2026",
      "episodes": 6
    }
  ],
  "episode_points": [
    {
      "ep": 229,
      "date": "2020-08-14",
      "title": "The Bitcoin Group #229 - Bitcoin Seized - $250M MicroStrategy - Asteroid Mining - Defi Degens",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-229.html"
    },
    {
      "ep": 231,
      "date": "2020-10-09",
      "title": "The Bitcoin Group #231 - Square Invests $50M - $11K Moon Mode? - Goldman Scrambling - Bitmex Trouble",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-231.html"
    },
    {
      "ep": 232,
      "date": "2020-10-23",
      "title": "The Bitcoin Group #232 - PayPal Finally Accepts Bitcoin - $13,000 - 100 year HODL - more popular tha",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-232.html"
    },
    {
      "ep": 235,
      "date": "2020-11-13",
      "title": "The Bitcoin Group #235 - $16,000 - Transaction Censorship - Encryption Backdoors - Apple should buy",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-235.html"
    },
    {
      "ep": 237,
      "date": "2020-11-27",
      "title": "The Bitcoin Group #237 - Black Coinbase - Carnivore Cult - Paypal Bought 70% - China Seizes",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-237.html"
    },
    {
      "ep": 238,
      "date": "2020-12-04",
      "title": "The Bitcoin Group #238 - Unblockable Income - Core 0.21 - $50,000 in 2021 - Cuba - Black Rock",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-238.html"
    },
    {
      "ep": 239,
      "date": "2020-12-11",
      "title": "The Bitcoin Group #239 - MassMutual buys $100M - 1000% Surge? - No one cares - $400M Microstrategy",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-239.html"
    },
    {
      "ep": 240,
      "date": "2020-12-18",
      "title": "The Bitcoin Group #240 - $23,630 All Time High, Coinbase IPO, Regulations, Bubble? & Solar Winds",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-240.html"
    },
    {
      "ep": 242,
      "date": "2021-01-01",
      "title": "The Bitcoin Group #242 - Michael Saylor - Bitcoin ETF - $30,000 - First NFL Player",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-242.html"
    },
    {
      "ep": 245,
      "date": "2021-01-22",
      "title": "The Bitcoin Group #245 - Yellen vs. Bitcoin - No Double Spend - White Paper Spreads - ETF?",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-245.html"
    },
    {
      "ep": 247,
      "date": "2021-02-05",
      "title": "The Bitcoin Group #247 - Saylor Seminar Sells Out - Paypal - $38,000+? - Carbon Footprint",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-247.html"
    },
    {
      "ep": 252,
      "date": "2021-04-02",
      "title": "The Bitcoin Group #252 - Surges Past $60K - Coinbase IPO - Goldman - Mining - Digital Yuan",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-252.html"
    },
    {
      "ep": 263,
      "date": "2021-06-18",
      "title": "The Bitcoin Group #263 - Galaxy Goldman Liquidity - Price $37K - Flaws - Emerging Markets vs. Miami",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-263.html"
    },
    {
      "ep": 265,
      "date": "2021-07-02",
      "title": "The Bitcoin Group #265 - Mining Difficulty - Be Responsible - Strike Coinbase - Whitepaper",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-265.html"
    },
    {
      "ep": 266,
      "date": "2021-07-09",
      "title": "The Bitcoin Group #266 - China Crackdown - Consolidation Complete? - Crypto Cons - Contract Coin",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-266.html"
    },
    {
      "ep": 267,
      "date": "2021-07-16",
      "title": "The Bitcoin Group #267 - Bank of America - Political Dogecoin - Square Decentralized - Curio Cards",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-267.html"
    },
    {
      "ep": 269,
      "date": "2021-07-30",
      "title": "The Bitcoin Group #269 - Infrastructure - No Cash - Lightning Doubles - MicroStrategy - $40K!",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-269.html"
    },
    {
      "ep": 272,
      "date": "2021-08-20",
      "title": "The Bitcoin Group #272 - Bitcoin Could Soar - NBA #1 - Mortgages - Coinbase Buys $500M",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-272.html"
    },
    {
      "ep": 273,
      "date": "2021-08-28",
      "title": "The Bitcoin Group #273 - $30K or $100K - Hashrate Rebounds - Cuba - Theft - Free Talk Live",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-273.html"
    },
    {
      "ep": 275,
      "date": "2021-09-12",
      "title": "The Bitcoin Group #275 - El Salvador - Coinbase SEC - Western Union - Blockstream Mining",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-275.html"
    },
    {
      "ep": 279,
      "date": "2021-10-15",
      "title": "The Bitcoin Group #279 - ETF Finalized - $60,000 Again - Energy Grid Fixer? - Tether Settles",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-279.html"
    },
    {
      "ep": 281,
      "date": "2021-10-29",
      "title": "The Bitcoin Group #281 - Bitcoin $100K? - 1 Bitcoin Football - Shiba Inu - Goldman Advice",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-281.html"
    },
    {
      "ep": 283,
      "date": "2021-11-12",
      "title": "The Bitcoin Group #283 - AMC In the Box - Bitcoin $90,000? - MayorCoin - Truckload of GPUs",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-283.html"
    },
    {
      "ep": 286,
      "date": "2021-12-03",
      "title": "The Bitcoin Group #286 - Bitcoin $100K? - Square Block - Munger & China - Free Ross DAO",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-286.html"
    },
    {
      "ep": 291,
      "date": "2022-01-14",
      "title": "The Bitcoin Group #291 - Block Mining - Bukele Hero? - Bitcoin & A Bike - Rio De Janeiro",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-291.html"
    },
    {
      "ep": 302,
      "date": "2022-04-01",
      "title": "The Bitcoin Group #302 - Goldman Sachs - Fake Elon - Greenpeace - Axie Hacked",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-302.html"
    },
    {
      "ep": 306,
      "date": "2022-05-06",
      "title": "The Bitcoin Group #306 - Market Crashes - Margin Call - Bond Bombs - BIP 119",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-306.html"
    },
    {
      "ep": 307,
      "date": "2022-05-13",
      "title": "The Bitcoin Group #307 - Crypto Crash - Luna - Twitter on Hold - Coinbase Panic",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-307.html"
    },
    {
      "ep": 312,
      "date": "2022-06-17",
      "title": "The Bitcoin Group #312 - Why bother learning? - Dogecoin Scheme - Kraken Culture - Gates Gloats",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-312.html"
    },
    {
      "ep": 317,
      "date": "2022-07-29",
      "title": "The Bitcoin Group #317 - Dumpcoins - SEC Coinbase & Kraken - Chipotle - Anarchists - Madonna",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-317.html"
    },
    {
      "ep": 318,
      "date": "2022-08-05",
      "title": "The Bitcoin Group #318 - Saylor Down - Commodification - Mining Difficulty - CME Futures",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-318.html"
    },
    {
      "ep": 319,
      "date": "2022-08-12",
      "title": "The Bitcoin Group #319 - Bitcoin vs $24,000 - BlackRock Spot - Tornado Cash - Bear Survival Tips",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-319.html"
    },
    {
      "ep": 322,
      "date": "2022-09-02",
      "title": "The Bitcoin Group #322 - Bond Delayed - Saylor Fraud? - Free Money - Price Down - Snoop Dogg",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-322.html"
    },
    {
      "ep": 323,
      "date": "2022-09-09",
      "title": "The Bitcoin Group #323 - Energy Regs? - Unbanable  - Tornado Lawsuit - Frozen Pool - Cuban Bails",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-323.html"
    },
    {
      "ep": 325,
      "date": "2022-09-23",
      "title": "The Bitcoin Group #325 - ETH Jurisdiction - Bitcoin Bottom? - Kraken CEO - Tribalism - ATMs",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-325.html"
    },
    {
      "ep": 326,
      "date": "2022-09-30",
      "title": "The Bitcoin Group #326 - Miner Bankruptcy - CA Flexible - El Salvador - Bad as Beef",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-326.html"
    },
    {
      "ep": 332,
      "date": "2022-11-11",
      "title": "The Bitcoin Group #332 - FTX Collapses - Crypto Craters - $3B Seized - Shell Mines Bitcoin",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-332.html"
    },
    {
      "ep": 335,
      "date": "2022-12-02",
      "title": "The Bitcoin Group #335 - Shut up Sam - ECB Irrelevant - Mainstream Rejection - Other Losers",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-335.html"
    },
    {
      "ep": 336,
      "date": "2022-12-09",
      "title": "The Bitcoin Group #336 - SBF Lawyers Up - Jack in Africa - 8% - Metallica Scam",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-336.html"
    },
    {
      "ep": 339,
      "date": "2022-12-30",
      "title": "The Bitcoin Group #339 - MicroStrategy Sells - Cuban Buys - The Halvening - FTX Update",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-339.html"
    },
    {
      "ep": 341,
      "date": "2023-01-13",
      "title": "The Bitcoin Group #341 - Price Up - Gemini Genesis Sec, Oh my - FTX - Wash Trading",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-341.html"
    },
    {
      "ep": 348,
      "date": "2023-03-03",
      "title": "The Bitcoin Group #348 - Silvergate Fallout - Binance Woes - MIT POS - Ordinals Fad?",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-348.html"
    },
    {
      "ep": 349,
      "date": "2023-03-11",
      "title": "The Bitcoin Group #349 - Crypto Banks Falling - 30% Miner Tax - ETH a Security? - Krugman Woes",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-349.html"
    },
    {
      "ep": 352,
      "date": "2023-03-31",
      "title": "The Bitcoin Group #352 - Best Asset - Space Force - Binance Sued - SBF Bribed China? - Matt Damon",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-352.html"
    },
    {
      "ep": 355,
      "date": "2023-04-22",
      "title": "The Bitcoin Group #355 -Bitcoin $28,000 - Coinbase Bermuda? - Lightning is Cheaper -Old Lady Scammed",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-355.html"
    },
    {
      "ep": 356,
      "date": "2023-04-29",
      "title": "The Bitcoin Group #356 - Coinbase vs. SEC - Binance Reserves? - Hamas Out - Inverse Cramer",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-356.html"
    },
    {
      "ep": 357,
      "date": "2023-05-06",
      "title": "The Bitcoin Group #357 - Gold over Bitcoin? - Fedi Raises - Coinbase Intl - The Bet - Bhutan",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-357.html"
    },
    {
      "ep": 358,
      "date": "2023-05-13",
      "title": "The Bitcoin Group #358 - Price Slips - Ordinals Drama - Bittrex Bankrupt - Tether - BlockFi",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-358.html"
    },
    {
      "ep": 362,
      "date": "2023-06-10",
      "title": "The Bitcoin Group #362 - Binance & Coinbase Crackdown - Price Unaffected - Blank Swan - Petrobitcoin",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-362.html"
    },
    {
      "ep": 364,
      "date": "2023-06-24",
      "title": "The Bitcoin Group #364 - ETF Madness! - EDX Exchange - Documentaries - Rally Car",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-364.html"
    },
    {
      "ep": 365,
      "date": "2023-07-01",
      "title": "The Bitcoin Group #365 - ETF Concerns - Supply Low - Africa Bitcoin - Saylor Centralizing?",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-365.html"
    },
    {
      "ep": 369,
      "date": "2023-08-08",
      "title": "The Bitcoin Group #369 - Hackers Exposed - Miner Halvening - Stop Trading - Coinbase Lightning",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-369.html"
    },
    {
      "ep": 370,
      "date": "2023-08-11",
      "title": "The Bitcoin Group #370 - PayPal Stablecoin - ETF Approval? -Miner\u2019s Millions -Lightning Philippines",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-370.html"
    },
    {
      "ep": 374,
      "date": "2023-09-16",
      "title": "The Bitcoin Group #374 - ETFs - Binance MegaCrash - Tesla - Stoner Cats - Coinbase",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-374.html"
    },
    {
      "ep": 380,
      "date": "2023-10-28",
      "title": "The Bitcoin Group #380 - Price Spikes - Supply Shock - Not for Crime - Crackers Cracked!",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-380.html"
    },
    {
      "ep": 382,
      "date": "2023-11-11",
      "title": "The Bitcoin Group #382 - Bitcoin $69K? - El Salvador - Microstrategy - ETH ETF - NFT Simpsons",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-382.html"
    },
    {
      "ep": 384,
      "date": "2023-11-25",
      "title": "The Bitcoin Group #384 - Binance Settles - SEC vs Kraken - Coinbase - Bitcoin $141K?",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-384.html"
    },
    {
      "ep": 389,
      "date": "2023-12-30",
      "title": "The Bitcoin Group #389 - The 2023 Bitcoin Group Year in Review Spectacular",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-389.html"
    },
    {
      "ep": 393,
      "date": "2024-01-27",
      "title": "The Bitcoin Group #393 - Godcoins - DAO Danger! - Mainstream - Mt. Gox Pays",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-393.html"
    },
    {
      "ep": 400,
      "date": "2024-03-16",
      "title": "The Bitcoin Group #400 - Not Satoshi - $1M? - El Vault - Debt Down - Cool off?",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-400.html"
    },
    {
      "ep": 401,
      "date": "2024-03-23",
      "title": "The Bitcoin Group #401 - FED Pump - Cult Member - Super Villain? - ETH ETF - Honduras",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-401.html"
    },
    {
      "ep": 405,
      "date": "2024-04-27",
      "title": "The Bitcoin Group #405 - Samourai Charged - Code Leak - 5X Demand - Post Halving",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-405.html"
    },
    {
      "ep": 406,
      "date": "2024-05-04",
      "title": "The Bitcoin Group #406 - Washout! - Ver Arrested - CZ Sentenced - Morgan Stanley",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-406.html"
    },
    {
      "ep": 407,
      "date": "2024-05-11",
      "title": "The Bitcoin Group #407 - $1,000,000? - Robinhood Wells - Bitcoin Booed - Apple Crushed",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-407.html"
    },
    {
      "ep": 411,
      "date": "2024-06-08",
      "title": "The Bitcoin Group #411 -  Bitcoin Breakout? - Saylor Ethereum - Nostr Attack! - Bitstamp Bought",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-411.html"
    },
    {
      "ep": 413,
      "date": "2024-06-21",
      "title": "The Bitcoin Group #413 - DJT Memecoin - Microstrategy - Dominance - Shorters",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-413.html"
    },
    {
      "ep": 414,
      "date": "2024-06-29",
      "title": "The Bitcoin Group #414 - Trump Nashville? - Assange Freed - Miner Squeeze - Mt. Gox",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-414.html"
    },
    {
      "ep": 417,
      "date": "2024-07-27",
      "title": "The Bitcoin Group #417 - Ether ETFs - Trump Raises $4M - Politics - Marathon HODL",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-417.html"
    },
    {
      "ep": 418,
      "date": "2024-08-17",
      "title": "The Bitcoin Group #418 - Coinbase Defi - National Reserve - Institutional ETFs - CryptoQueen",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-418.html"
    },
    {
      "ep": 420,
      "date": "2024-08-31",
      "title": "The Bitcoin Group #420 - OpenSea vs SEC - Bukele Time - You Get Nothing - Institutions",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-420.html"
    },
    {
      "ep": 422,
      "date": "2024-09-14",
      "title": "The Bitcoin Group #422 - Micro Buys - Price Politics - No Time? - UnFriendtech",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-422.html"
    },
    {
      "ep": 424,
      "date": "2024-09-28",
      "title": "The Bitcoin Group #424 - Caroline Sentenced - ETF Action - Harris Supports - Swan Hellfire",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-424.html"
    },
    {
      "ep": 425,
      "date": "2024-10-05",
      "title": "The Bitcoin Group #425 - HBO Satoshi Sassaman? - News - Politics - Prison Extravaganza",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-425.html"
    },
    {
      "ep": 428,
      "date": "2024-10-26",
      "title": "The Bitcoin Group #428 - ECB Report - MSBTC? - Penn Rights - 125% Up",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-428.html"
    },
    {
      "ep": 432,
      "date": "2024-11-23",
      "title": "The Bitcoin Group #432 - Almost $100K - Pardon Ver? - Goldman Cracks - Dog Kidnapped?",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-432.html"
    },
    {
      "ep": 433,
      "date": "2024-12-07",
      "title": "The Bitcoin Group #433 - Bitcoin tops $100K - Big Finance Admits Wrong - Bitcoin Winners",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-433.html"
    },
    {
      "ep": 434,
      "date": "2024-12-14",
      "title": "The Bitcoin Group #434 - Illegal Iranian Mining - Blackrock Suggests 2% - M$ says No",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-434.html"
    },
    {
      "ep": 436,
      "date": "2024-12-28",
      "title": "The Bitcoin Group #436 - Investor Appetite - Companies Embrace - Foreign Hackers - NFTs Return?",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-436.html"
    },
    {
      "ep": 438,
      "date": "2025-01-11",
      "title": "The Bitcoin Group #438 -- The 2024 Bitcoin Group Year in Review Spectacular",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-438.html"
    },
    {
      "ep": 441,
      "date": "2025-02-08",
      "title": "The Bitcoin Group #441 - Coinbase Unsafe? - Wave 3? - Tariff Crash -  Truth ETF",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-441.html"
    },
    {
      "ep": 442,
      "date": "2025-02-15",
      "title": "The Bitcoin Group #442 - GameStopB? - $5M Bitcoin - Buy the Dump - BTC-E Free!",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-442.html"
    },
    {
      "ep": 443,
      "date": "2025-02-22",
      "title": "The Bitcoin Group #443 - Libra Rugged! - DecaBull? - Jack Satoshi - BitMemeCoin",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-443.html"
    },
    {
      "ep": 447,
      "date": "2025-03-22",
      "title": "The Bitcoin Group #447 - Recovery? - Crypto Capitol - Rap Theft! - Cool Tech",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-447.html"
    },
    {
      "ep": 451,
      "date": "2025-04-19",
      "title": "The Bitcoin Group #451 -  SPAR Lightning - Stays Impressive - Saylor Buys - Fire\u00a0Powell?",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-451.html"
    },
    {
      "ep": 452,
      "date": "2025-04-26",
      "title": "The Bitcoin Group #452 - 21 Again - $100K? - Crypto Pardons - Memecoin Dinner",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-452.html"
    },
    {
      "ep": 453,
      "date": "2025-05-03",
      "title": "The Bitcoin Group #453  - Banks Accept Bitcoin - Privacy Problems - Double Down - Aliens",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-453.html"
    },
    {
      "ep": 457,
      "date": "2025-05-31",
      "title": "The Bitcoin Group #457 - Vegas Conference Recap - VP, Trump Sons, Saylor, Ulbricht",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-457.html"
    },
    {
      "ep": 458,
      "date": "2025-06-07",
      "title": "The Bitcoin Group #458 - Trump vs Musk - Bitcoin Treasury Companies - Circle Opens Big",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-458.html"
    },
    {
      "ep": 459,
      "date": "2025-06-14",
      "title": "The Bitcoin Group #459 - Israel vs. Iran - Crypto Bill Doomed - BlackRock 3% - Treasury Clones",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-459.html"
    },
    {
      "ep": 460,
      "date": "2025-06-21",
      "title": "The Bitcoin Group #460 - StableBill Progress - Triple Options Expiry - Iran Hack - Norway",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-460.html"
    },
    {
      "ep": 465,
      "date": "2025-08-16",
      "title": "The Bitcoin Group #465 - No Reserve - $200K? - in the U.K. - Harvard Invests",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-465.html"
    },
    {
      "ep": 466,
      "date": "2025-09-06",
      "title": "The Bitcoin Group #466 - Core vs. Knots - S&P500? - $1B Venture - Trump and Sons vs. Sun",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-466.html"
    },
    {
      "ep": 467,
      "date": "2025-09-13",
      "title": "The Bitcoin Group #467 - Debate Recap - Gen Alpha - Trez Sink - $1M Parabola?",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-467.html"
    },
    {
      "ep": 468,
      "date": "2025-09-20",
      "title": "The Bitcoin Group #468 - NAKA Plunge - Durant Coins - Golden Trump - Pumped Token",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-468.html"
    },
    {
      "ep": 469,
      "date": "2025-09-27",
      "title": "The Bitcoin Group #469 - Knots Hard Fork? - Crash Surge? - Argentina Bailout - Killing\u00a0Satoshi",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-469.html"
    },
    {
      "ep": 473,
      "date": "2025-10-25",
      "title": "The Bitcoin Group #473 - JPMorgan Collateral - CZ Pardoned - ATM Scams - Quantum Fear Mongering",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-473.html"
    },
    {
      "ep": 476,
      "date": "2025-12-27",
      "title": "The Bitcoin Group #476 - 2026 Surge? - Putin Power - MOMA NFTs - Caroline Released",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-476.html"
    },
    {
      "ep": 479,
      "date": "2026-01-24",
      "title": "The Bitcoin Group #479 - The Floor? - NYSE Tokens - Davos - Bitcoin Business",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-479.html"
    },
    {
      "ep": 481,
      "date": "2026-02-07",
      "title": "The Bitcoin Group #481 - The Price - Blockstream Epstein - Crypto Bill - Crime Currency",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-481.html"
    },
    {
      "ep": 482,
      "date": "2026-02-13",
      "title": "The Bitcoin Group #482 - Price Recovery? - $40B Giveaway - Coinbase Drama - Conviction",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-482.html"
    },
    {
      "ep": 483,
      "date": "2026-02-21",
      "title": "The Bitcoin Group #483 - NAKA Drama - SBF Reborn - BitBoy Verdict - Satoshi Movie",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-483.html"
    },
    {
      "ep": 484,
      "date": "2026-02-28",
      "title": "The Bitcoin Group  #484 - Jane Street Insiders? - Block Layoffs - Trump Profits - Binance Iran",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-484.html"
    },
    {
      "ep": 485,
      "date": "2026-03-07",
      "title": "The Bitcoin Group #485 - Surge then Fall - Iran War - CA Buys - NY Allows",
      "yt": null,
      "url": "/tbg-mirrors/transcripts/TBG-485.html"
    }
  ],
  "saylor_predictions": [
    {
      "date": "2020-08-11",
      "claim": "Bitcoin is digital gold; better than cash.",
      "btc_price_then": 11570.19,
      "context": "MicroStrategy initial purchase announcement."
    },
    {
      "date": "2020-10-23",
      "claim": "Hold for 100 years; world's best collateral.",
      "btc_price_then": 13126.13,
      "context": "Birth of the never-sell doctrine."
    },
    {
      "date": "2024-03-22",
      "claim": "Bitcoin to $13M per coin in 21 years.",
      "btc_price_then": 64004.42,
      "context": "MIT speech projection."
    },
    {
      "date": "2025-02-10",
      "claim": "21 Rules of Bitcoin published; Rule 20: \"You do not sell your BTC.\"",
      "btc_price_then": 95781.05,
      "context": "Codified doctrine."
    },
    {
      "date": "2026-02-23",
      "claim": "On CNBC: \"We're not going to be selling; we're going to be buying BTC.\"",
      "btc_price_then": 64069.84,
      "context": "Last public never-sell repeat before the reversal."
    },
    {
      "date": "2026-05-05",
      "claim": "\"We will probably sell some bitcoin to pay a dividend.\"",
      "btc_price_then": null,
      "context": "The reversal \u2014 Q1 earnings call. $12.54B Q1 net loss disclosed."
    },
    {
      "date": "2026-05-08",
      "claim": "Walked it back: aimed at \"jamming short-sellers and haters.\"",
      "btc_price_then": null,
      "context": "Today. Fortune interview."
    }
  ],
  "today_quote": {
    "verbatim": "We will probably sell some bitcoin to pay a dividend just to inoculate the market and send the message that we did it.",
    "speaker": "Michael Saylor",
    "date": "2026-05-05",
    "venue": "MicroStrategy/Strategy Q1 2026 earnings call",
    "context": "On the same call, $12.54B Q1 net loss disclosed.",
    "source_url": "https://www.coindesk.com/business/2026/05/05/michael-saylor-s-strategy-signals-potential-bitcoin-sale-to-fund-dividends-obligations"
  },
  "today_walkback": {
    "verbatim": "The haters... the skeptics and the short-sellers don't recognize that we're just selling a Bitcoin derivative, and we have the option to sell the Bitcoin.",
    "speaker": "Michael Saylor",
    "date": "2026-05-08",
    "venue": "Fortune interview",
    "context": "Three days after the earnings call. Saylor also tweeted: \"Buy more Bitcoin than you can sell.\"",
    "source_url": "https://fortune.com/2026/05/08/michael-saylor-mstr-strategy-microstrategy-bitcoin-sales-short-sellers-haters/"
  },
  "verify_flags": [
    "Stefan Kinsella TBG #272 quote \u2014 Whisper transcribed 'pride out of my cold dead hands'; corrected to 'pry' as the obvious phrase",
    "Saylor MIT $13M speech: web-search confirms approximate prediction; exact venue/date may need primary source",
    "Saylor 21 Rules publication date listed as Feb 2025 per web search; precise date unverified",
    "MicroStrategy holdings on 2026-05-08 not yet filed; latest disclosed is 818,334 as of 2026-04-27"
  ]
}