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Saylor pushes “1.4% forever” Bitcoin play to Middle East wealth funds

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Saylor pushes “1.4% forever” Bitcoin play to Middle East wealth funds

Michael Saylor pitches a 1.4% credit‑funded balance‑sheet formula to Middle East capital, aiming to turn corporates into perpetual Bitcoin accumulators in a fragile market.

Michael Saylor has found a way to turn balance‑sheet engineering into a perpetual Bitcoin (BTC) accumulator’s charter — and he is not whispering it, he is broadcasting it to the Middle East.

Saylor’s “1.4% forever” math

Speaking live on Middle Eastern television, Strategy’s executive chairman Michael Saylor distilled his pitch into a single, aggressive sentence: “If we sell credit instruments equal to 1.4% of our capital assets, we can pay the dividends funded in Bitcoin and we can increase the amount of BTC we have forever.”

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The logic is brutally simple: monetize a thin slice of the asset base via credit, recycle that into yield‑bearing Bitcoin exposure, and feed shareholders both cash flow and upside without, in his view, diluting the core capital stack. KuCoin’s summary of the framework put it starkly: selling 1.4% of capital assets as credit “could allow the company to boost Bitcoin holdings permanently” while still supporting stock dividends.

This approach extends a strategy he outlined at the Bitcoin MENA conference, where he told regional sovereign funds in the Middle East that “Bitcoin is digital capital, or digital gold, and digital credit builds on it by stripping out volatility to generate yield.”

Macro risk, meet corporate leverage

Saylor’s formula lands in a market where Bitcoin itself has turned into the cleanest proxy for global risk appetite. At press time, Bitcoin (BTC) trades around $70,345, with a 24‑hour range between roughly $68,428 and $71,852 on about $59.3B in volume. Ethereum (ETH) changes hands near $2,012, with 24‑hour trading volume close to $28.7B and intraday prints between about $1,999 and $2,140. Solana (SOL) sits around $86, with roughly $3.9B traded over the last day as it grinds through a 2025–26 drawdown. XRP (XRP) hovers near $1.44, down about 1% over the last 24 hours as on‑chain data flags a “stop‑loss phase” after months of distribution.crypto+8

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This parabolic move comes as digital assets continue to trade as the purest expression of macro risk appetite. Bitcoin (BTC) is hovering around $70,345, with a 24‑hour high near $71,852 and a low near $68,428, on roughly $59.3B in dollar volumes. Ethereum (ETH) changes hands close to $2,012, with about $28.7B in 24‑hour turnover and spot quotes clustered in the $2,000–$2,100 band on major exchanges earlier this week. Solana trades around $86, up modestly over the last 24 hours, with nearly $3.9B in volume.crypto+5

Middle Eastern capital in the crosshairs

Saylor has been explicit about his target audience. In Abu Dhabi, he claimed to have met “every Middle East sovereign wealth fund” to pitch Bitcoin‑backed credit as a superior fixed‑income replacement, promising “two to four times” traditional yields while using corporate structures like Strategy as leverage amplifiers.

The sales pitch collides with a more fragile tape. Bitcoin has slipped below $70,000 amid what one analyst called an “unpumpable” market, with selling pressure overwhelming inflows after a 45% drawdown from the 2025 peak. Whether Saylor’s 1.4% rule becomes a template or a cautionary tale will be decided not in televised sound bites, but in the next macro stress test.

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Crypto World

Judge Dismisses Bancor-Affiliated Patent Case Against Uniswap

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Law, Patents, United States, Bancor, DeFi, Uniswap, DEX

A New York federal judge dismissed a patent infringement lawsuit brought by Bancor-affiliated entities against Uniswap, ruling that the asserted patents claim abstract ideas and are not eligible for protection under US patent law.

In a memorandum opinion and order dated Tuesday, Feb. 10, Judge John G. Koeltl of the US District Court for the Southern District of New York granted the defendant’s motion to dismiss the complaint filed by Bprotocol Foundation and LocalCoin Ltd. against Universal Navigation Inc. and the Uniswap Foundation. 

The court found that the patents are directed to the abstract idea of calculating crypto exchange rates and therefore fail the two-step test for patent eligibility established by the US Supreme Court. 

The ruling marks a procedural win for Uniswap, but it is not final. The case was dismissed without prejudice, giving the plaintiffs 21 days to file an amended complaint. If no amended complaint is filed, the dismissal will convert to one with prejudice.

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Shortly after the ruling, Uniswap founder Hayden Adams wrote on X, “A lawyer just told me we won.”

Law, Patents, United States, Bancor, DeFi, Uniswap, DEX
Source: Hayden Adams

Cointelegraph reached out to representatives of Bprotocol Foundation and Uniswap for comment but had not received a response by publication.

Judge finds that patents claim abstract ideas

As previously reported, Bancor alleged that Uniswap infringed patents related to a “constant product automated market maker” system underpinning decentralized exchanges.

The dispute centered on whether Uniswap’s protocol unlawfully used patented technology for automated token pricing and liquidity pools. 

Koeltl said that the patents were directed to “the abstract idea of calculating currency exchange rates to perform transactions.”

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He wrote that currency exchange is a “fundamental economic practice” and that calculating pricing information is abstract under established Federal Circuit precedent.

The judge rejected arguments that implementing the pricing formula on blockchain infrastructure made the claims patentable, and said the patents merely use existing blockchain and smart contract technology “in predictable ways to address an economic problem.”

He said limiting an abstract idea to a particular technological environment does not make it patent-eligible. The court also found no “inventive concept” sufficient to transform the abstract idea into a patent-eligible application. 

Law, Patents, United States, Bancor, DeFi, Uniswap, DEX
Court grants motion to dismiss. Source: CourtListener

Related: Vitalik draws line between ‘real DeFi’ and centralized yield stablecoins

Complaint fails to plead infringement

Beyond patent eligibility, the court found that the amended complaint did not plausibly allege direct infringement.

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According to the memorandum, the plaintiffs failed to identify how Uniswap’s publicly available code includes the required reserve ratio constant specified in the patents.

The judge also dismissed claims of induced and willful infringement, finding that the complaint did not plausibly allege that the defendants knew about the patents before the lawsuit was filed.

The dismissal without prejudice leaves open the possibility that Bprotocol Foundation and LocalCoin Ltd. could attempt to refile with revised claims.