Bitcoin Treasury Strategy, Bag City, and More

GM, it’s a great day to secure the bag 💰️ 

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

Let’s get into the updates.

Table of Contents

• Michael Saylor Bitcoin Treasury Strategy

• Streamed DG Team Poker Game

• Bag City

• BAG Buy

• Proposals

• Poker Tournaments

• Metaverse Events

• Community Spotlight

🚨 Michael Saylor Bitcoin Treasury Strategy

After a passed governance proposal, we’ll now allocate weekly profits to buy Bitcoin and strengthen the Bagcoin DAO’s treasury.

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

Additionally, we’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 treasury’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.

📺️ Streamed DG Team Poker Game

Join the Decentral Games team every Friday for a streamed 0.25/0.50 poker game—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 week’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 week’s game. See you at the tables 🫡

🏙️ Bag City

We’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.

We’ll be hosting a community beta test in the next couple of weeks. Stay tuned for more info.

💰 BAG Buy

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

🏛️ Proposals

Active

• None

Passed

• None

To submit or vote on proposals, visit Snapshot.

🏆 Poker Tournaments

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

Saturday

• $150 Freeroll: 4pm UTC (12pm ET)

• $150 Freeroll: 7pm UTC (3pm ET)

Sunday

• $150 Freeroll: 4pm UTC (12pm ET)

• $150 Freeroll: 7pm UTC (3pm ET)

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

📆 Metaverse Events

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

Monday, June 3

💵 JuiceIt's USDT Cash Game w/ $50 High Hand Bounty
Midnight UTC (Tues), 8pm ET

📺 Hustler Casino Live: Max Pain Monday
Midnight UTC (Tues), 8pm ET

Tuesday, June 4

🏆 24 Hour Casino Competition w/ $700 and 600 Blast Gold Prize Pool
4pm UTC, 12pm ET

Thursday, June 6

🏆 24 Hour Casino Competition w/ $700 and 600 Blast Gold Prize Pool
4pm UTC, 12pm ET

🕐 Altcoin Radio’s Golden Blackjack Hour
5pm UTC, 1pm ET

💎 Diamond Hands Casino Night
Midnight UTC (Fri), 8pm ET

Friday, June 7

💵 JuiceIt's USDT Cash Game w/ $50 High Hand Bounty
Midnight UTC (Sat), 8pm ET

📺 Hustler Casino Live: High Stakes Friday
Midnight UTC (Sat), 8pm ET

Saturday, June 8

🏆 Turbo Booster Blast Off Extra Giga Gold Weekend w/ $3,000 and 600 Blast Gold Prize Pool
4pm UTC, 12pm ET

👤 Community Spotlight