GM to all of you nutcases. It’s Crypto Nutshell #876 leapin‘ in…🐸🥜

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What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: Bitcoin tops $81,000 as Strategy mulls selling its BTC to fund dividend obligations

Michael Saylor is famous for one very simple Bitcoin rule:

Never sell your Bitcoin

So when Strategy says it might sell some Bitcoin, that’s a big deal.

On its Q1 earnings call, Saylor said Strategy may sell a small amount of BTC to help fund dividends, "just to inoculate the market."

That sounds strange, but the idea is pretty simple.

Saylor wants to show investors that Strategy can sell a little Bitcoin, pay what it owes, and keep going.

In other words, the company doesn't fall apart just because some BTC leaves the balance sheet.

That matters because Strategy just reported a $12.5 billion quarterly loss.

Most of that came from paper losses on its Bitcoin holdings after BTC fell during the quarter. The company also has about $1.5 billion in yearly dividend obligations.

So yes, this is real risk.

Strategy has built one of the boldest Bitcoin bets in the world. It owns 818,334 BTC, and it’s been raising billions through preferred shares like STRC to buy more.

That model works best when investors believe the machine can keep paying.

But here's the interesting part...

Bitcoin didn't really seem to care.

MSTR fell roughly 4% after hours and BTC briefly slipped below $81,000.

But at the time of writing this article, BTC is sitting around the low $81k range.

Normally, "Saylor might sell Bitcoin" would scare the market more than that. (Especially just as we are starting to pick up some momentum)

Maybe the market sees this as proof that Strategy can handle its payments.

Or maybe investors are still working out how risky these Bitcoin treasury structures can become.

Either way, this is the next phase of the Bitcoin treasury story.

Can a Bitcoin balance sheet support real cash payments without breaking trust?

Let us know your thoughts in the poll below 👇

Most investors think the AI boom is already underway. But one 47-year Wall Street veteran says everything we've seen so far is just phase one. A new wave of AI infrastructure is coming online in 2026. When it does, it could completely reshape which companies lead the next cycle — and which ones get left behind. He's now recommending specific stocks to buy ahead of what he calls "the AI Reset," and the names to exit before it hits. The investors who understand what's coming could be positioned for the biggest gains of the decade. The ones who don't may not get a second chance. Get his full list of buys and sells here — no cost, no obligation.

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Michael Saylor walked onto the stage at The Economic Club of New York and dropped the line of the year:

Not because it's overpriced. Because it's absurdly cheap.

Saylor's point is simple.

Right now, buying Bitcoin still takes effort.

Research. A few hoops. That friction is what gives you the discount.

The moment Bank of America lets you click-buy Bitcoin like an ETF, it'll cost a million dollars.

The moment your traditional banker recommends it to you as a "risk-free 20% per year" asset, it'll cost $10 million.

That's a 99% discount on the table today.

You can wait until it's easy. And pay 100x more for that comfort.

Or you can do the work now and look like a genius later.

Easy comes at a premium. Hard comes at a discount. 💎

Today we’ll be taking a look the overall stablecoin supply.

Stablecoins are the backbone of crypto liquidity, used for seamless trading and instant cross-border transactions.

The chart below tracks the aggregate change in the total stablecoin market cap.

$272.57 billion in stablecoins now sit on-chain.

Up $1.29 billion from $271.28 billion two weeks ago. That makes it five out of the last six reporting periods showing growth.

The Stablecoin supply is now up $4.64 billion in 2026 - a complete reversal from the contraction that dominated the first few months of the year.

And this isn't a single spike distorting the trend. The inflows have been broad and sustained. Week after week, capital keeps trickling back into the system - not with the explosive force of a bull market, but with the steady consistency of positioning.

$272.57 billion is the highest stablecoin supply we've seen since the October crash.

The question is no longer whether capital is returning to crypto. It is. The question is what it's waiting to buy. 🔥

Coinbase cuts 14% of workforce, citing market slump and AI shift. Coinbase will cut roughly 700 jobs, flatten management, and reorganize around smaller AI-native teams.

How Solana Exchange Drift Plans to Repay Users After $295 Million Crypto Hack. Drift plans recovery tokens, with Tether committing up to $127.5M and partners pledging another $20M.

CFTC looks to cement non-custodial software developer protections following Phantom no-action letter. The CFTC wants to codify guidance that qualifying self-custodial wallet developers don’t need broker registration.

MoneyGram supports crypto-to-cash withdrawals for Kraken users. Kraken users will be able to access cash payouts at about 500,000 MoneyGram kiosks.

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Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)

Because what would the crypto world be without its share of memes?

Trivia Answer: View blockchain transactions, addresses, and blocks 🥳

A block explorer is like a search engine for a blockchain. It lets anyone look up public transaction history, wallet activity, block details, and network data.

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DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.