Shark Tank’s Kevin O'Leary has a shocking response to MicroStrategy

By: thestreet|2025/05/07 00:15:01
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Shark Tank judge "Mr. Wonderful" Kevin O'Leary criticized MicroStrategy, now Strategy, founder and executive chairman Michael Saylor for the firm's aggressive Bitcoin acquisition. O'Leary criticized Saylor's Bitcoin advocacy as self-serving and said, "Michael Saylor is talking about his book." "Mr. Wonderful" was talking to SkyBridge Capital founder Anthony Scaramucci when he made the remarks. O’Leary said that MicroStrategy leverages stock, preferred shares, and debt to acquire Bitcoin, and its shares trade at twice the value of the firm’s underlying Bitcoin holdings. Such a business model doesn't offer long-term viability, he added. As reported earlier , Strategy purchased 1,895 BTC last week, and it now holds 555,450 BTC worth $52.5 billion. The firm is the world's largest corporate Bitcoin holder. Meanwhile, the Shark Tank star also dismissed the possibility of the creation of the U.S. strategic Bitcoin reserve. “Strategic Bitcoin reserve will never happen," he said and underlined the lack of bipartisan support in the Congress and the alleged self-serving advocacy from entrepreneurs like Saylor. Notably, Senator Cynthia Lummis (R-WY) reintroduced the BITCOIN bill on March 11. The bill proposes that the government acquire 1 million BTC to strengthen the dollar and reduce national debt. If passed, it would pave the way forward for President Donald Trump’s executive order to establish the Bitcoin reserve. Scaramucci, on the other hand, said the bill could potentially boost the U.S. economy. He agreed that bipartisan support for the bill is critical and should be sought within the next six months. Otherwise, a change in government could lead to a reversal of the bill if it is passed with unilateral Republican support. As per Kraken's price feed , Bitcoin was trading at $94,640.43 at press time.

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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