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Bitcoin Treasury Strategy, Bag City, and More

BAG Weekly #7

GM, itโ€™s a great day to secure the bag ๐Ÿ’ฐ๏ธย 

Last week, a proposal was passed to adopt Michael Saylorโ€™s Bitcoin treasury strategy, and we also started sharing some early sneak peeks of our upcoming Metaverse.

Letโ€™s get into the updates.

Table of Contents

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๐Ÿšจ Michael Saylor Bitcoin Treasury Strategy

After a passed governance proposal, weโ€™ll now allocate weekly profits to buy Bitcoin and strengthen the Bagcoin DAOโ€™s treasury.

The acquired BTC will be placed as collateral on AAVE, and 30% will be borrowed to buy BAG each week.

Additionally, weโ€™ll:

  • Place 30% of our current stETH as collateral to maintain a healthy risk factor.

  • Borrow and buy an initial $100K of BAG.

  • If and as needed, borrow against the treasuryโ€™s BTC and ETH to fund team operations.

All BTC purchases, BAG purchases, and borrowing amounts will be posted in this newsletter and on our socials.

Pepe standing in the middle of a casino. In his left hand, he is holding up a blue money bag. In his right hand, he's holding up a Bitcoin.

Bitcoin secured

๐Ÿ“บ๏ธ Streamed DG Team Poker Game

Join the Decentral Games team every Friday for a streamed 0.25/0.50 poker gameโ€”1 random viewer wins a seat at the game and a $50 buy-in!

  • 7pm to 9pm UTC (3pm to 5pm EST)

  • Streamed on X and Kick

Last weekโ€™s giveaway winner was Tony Smash, who ran it up to over $300. GG Tony. If you missed it, you can watch the game on Kick.

Congrats to SethSyl for winning the buy-in for this upcoming weekโ€™s game. See you at the tables ๐Ÿซก

A birds-eye view of a poker game between pepes.

DG home game

๐Ÿ™๏ธ Bag City

Weโ€™ll soon be launching our own Metaverse: Bag City.

Bag City will be focused on fun gaming realms and experiences, starting with poker. The world will feature various memes, NFT collections, and CT characters as playable avatars.

Weโ€™ll be hosting a community beta test in the next couple of weeks. Stay tuned for more info.

๐Ÿ’ฐ BAG Buy

Last Monday, we allocated 30% of profits to buy 4,625,770 BAG.

BAG purchase amount

4,625,770 BAG secured

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๐Ÿ›๏ธ Proposals

Active

  • None

Passed

  • None

To submit or vote on proposals, visit Snapshot.

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๐Ÿ† Poker Tournaments

Join the official BAG Club on Virtue Poker to enter tournaments.

Saturday

  • $150 Freeroll - 4pm UTC (12pm EST)

  • $150 Freeroll - 7pm UTC (3pm EST)

Sunday

  • $150 Freeroll - 4pm UTC (12pm EST)

  • $150 Freeroll - 7pm UTC (3pm EST)

To enter freeroll tournaments, you must hold at least 7.5k BAG.

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๐Ÿ“† Metaverse Events

Hop into the DG Metaverse Casino to join events and hang out with community members from around the globe in the comfort of your home.

Decentral Games' Metaverse event flyer

Extra Giga Gold Weekend: Win $3.000 in prizes including Four Seasons Hotel credit

Monday, June 3

๐Ÿ’ตย JuiceIt's USDT Cash Game w/ $50 High Hand Bounty
12am UTC (Tues), 8pm EST

๐Ÿ“บ Hustler Casino Live: Max Pain Monday
12am UTC (Tues), 8pm EST

Tuesday, June 4

Thursday, June 6

๐Ÿ’Žย Diamond Hands Casino Night
12am UTC (Fri), 8pm EST

Friday, June 7

๐Ÿ’ตย JuiceIt's USDT Cash Game w/ $50 High Hand Bounty
12am UTC (Sat), 8pm EST

๐Ÿ“บ Hustler Casino Live: High Stakes Friday
12am UTC (Sat), 8pm EST

Saturday, June 8

Newsletter section break with Pepe holding a foam finger

๐Ÿ‘ค Community Spotlight

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