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When I say “Never Sell Your Bitcoin,” I speak as one saver to another. I have never sold mine. Not one satoshi. Strategy is a public company, not my wallet. Since 2020, it has disclosed it may buy or sell $BTC to manage capital. Our shared conviction in Bitcoin remains unchanged.
As I have predicted before, I believe this illustrates Binance’s regulatory arbitrage strategy.
Based on public information, Binance, as an unauthorized CASP, appears to have continued operating in most EU Member States despite the implementation of MiCA and public statements from ESMA. In my view, this reflects a willingness to prioritize business growth while regulatory expectations were evolving.
The broader question is whether any EU Member State would be comfortable processing or approving a MiCA application from a firm that appears to have intentionally disregarded MiCA requirements after the end of the transition period.
It also highlights a broader challenge for European regulation: rules are only effective when they are applied consistently, fairly, and uniformly across all market participants.
“My proceeds from PayPal were $180 million. I put $100 million in SpaceX, $70 million in Tesla and $10 million in Solar City. I had to borrow money for rent.”
— Elon Musk