Strategy CEO: Will Only Sell Bitcoin in Specific Cases Such as Dividend Payments or Tax Optimization

May 10 — 36+ hours after the U.S. Pentagon declassified over 160 UFO/UAP files, photos, and videos on May 8, global discussions over extraterrestrial evidence are raging. However, space advocate Elon Musk has stayed completely silent on the matter on X. Musk has repeatedly stated publicly that he “has never seen any evidence of aliens or alien technology. Most unidentified phenomena are likely linked to classified human weapons projects or satellites, not extraterrestrial visitors.” This muted response to the UFO file declassification once again underscores Musk’s rational skepticism toward extraterrestrial technology.

**May 10th** Michael Burry (of *The Big Short* fame) revealed in a recent blog post that he has expanded his short positions in AI-linked stocks, including Nvidia and Palantir. On Palantir: Burry pegs the company’s fair value at no more than $46–$50 per share and has flagged concerns about its business model. Additionally, Burry holds substantial put options against NVDA, SOXX, QQQ, and ORCL—expiring in 2027—representing roughly 9.5% of his investment portfolio in short positions. Notably, Burry has maintained large AI-focused short positions since Q3 2023. He has a track record of losses from premature moves (e.g., being squeezed ahead of the 2008 financial crisis).

On May 10, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that the so-called "BTC OG Insider Whale" recharged 78,168.5 ETH to Binance 11 hours earlier—valued at $180 million, with no clear purpose yet. Since May 6, the whale has sent a total of 322,268.33 ETH to centralized exchanges (CEXs). Currently, it still holds 225,449.31 ETH and 19,003.39 BTC on-chain, with a combined worth of approximately $2.05 billion.

May 10 — Per LookOnChain data, SATO has once again hit a new all-time high. Crypto whale 0xe5f6 purchased 335,899 SATO three days ago in a FOMO spree, paying $1.42 per token (valued at roughly $477k at the time). The whale’s holdings have since flipped from a 60% unrealized loss to a profit, with the current unrealized gain standing at around $130k.

On May 10, the Intercontinental Exchange (ICE) announced plans to launch Bitcoin Volatility Futures on June 1—pending regulatory approval—expanding its U.S.-based derivatives exchange’s cryptocurrency offerings. Reportedly, the contracts will tie to the CME CF Bitcoin Volatility Index (not Bitcoin’s price) and are designed to track expected market volatility over the next four weeks.

May 10th — According to analyst Tom Wan, multiple protocols with a combined total value locked (TVL) of roughly $20 billion have announced plans to migrate to Chainlink CCIP, despite LayerZero issuing an apology statement earlier. These include KelpDAO ($15B), SolvProtocol ($6B), and re ($2B). Meanwhile, top assets still using LayerZero’s OFT standard are: USDe/sUSDe (Ethena), weETH (Etherfi), USDT0 (Tether), thBILL (Theo), and WBTC (Bitgo). Specific migration timelines will be released by the projects at a later date. Earlier, LayerZero formally apologized for its inadequate communication during the security incident over the past three weeks. The firm acknowledged its internal RPC was compromised by the Lazarus Group and admitted it had mistakenly allowed LayerZero Labs DVN to serve as a 1/1 validation node for high-value transactions, creating a single point of failure.