Is it a Ponzi scheme or equity defense? MSTR issues 9% preferred stock to repay private loans, Bitcoin sale possibility, even war risk | Seo Dong-ju, Kim Dong-hwan, Kim Je-yi Blockmedia Editor-in-Chief [Crypto PLUS]

Watch on YouTube ↗  |  May 26, 2026 at 04:16  |  26:37  |  3PRO TV (삼프로TV)
Speakers
Seo Dong-ju — Host
Kim Je-yi — Blockmedia Editor-in-Chief

Summary

The video covers Bitcoin's recent weakness due to declining institutional demand and ETF outflows amid US-Iran tensions. Strategy (MicroStrategy) issues 9% preferred stock to repay debt, sparking debate on sustainability. Vitalik Buterin's plan to reduce influence on Ethereum is seen as short-term bearish. Macro indicators like PCE are highlighted.

  • Bitcoin dropped to $74K on war fears but recovered to $77K after US-Iran talks.
  • Institutional demand for Bitcoin weakens with negative Coinbase premium and ETF outflows.
  • Strategy (MSTR) raised funds via 9% preferred stock to repay convertible debt, drawing mixed reactions.
  • Vitalik Buterin announces reduced role in Ethereum Foundation, emphasizing decentralization.
  • Panel views Buterin's move as bearish for Ethereum short-term due to focus away from mass adoption.
  • A quick resolution of the US-Iran conflict could act as a positive catalyst for Bitcoin.
Trade Ideas
Kim Je-yi Blockmedia Editor-in-Chief 9:40
Bitcoin near-term cautious due weak demand.
The guest notes that Bitcoin is facing weak institutional demand as shown by a negative Coinbase premium and persistent spot ETF outflows, with MSTR also pausing purchases. This suggests limited buying power and a cautious near-term outlook, although a swift end to the US-Iran war could change the dynamic.
BTC MED
Seo Dong-ju Host 21:43
Ethereum short-term bearish due to Vitalik move.
The host considers Vitalik Buterin's announcement to reduce his influence and shift the Ethereum Foundation toward decentralization over mass adoption as negative for Ethereum's price. The host argues that Ethereum's community lacks the capacity to simultaneously pursue both goals, the foundation's limited funding will be strained by increased complexity, and that moving away from mass adoption is what investors dislike, making it a bearish signal for the short term.
ETH HIGH
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3PRO TV (삼프로TV) · May 26

This 3PRO TV (삼프로TV) video, published May 26, 2026, features Kim Je-yi, Seo Dong-ju discussing BTC, ETH. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kim Je-yi, Seo Dong-ju  · Tickers: BTC, ETH