I am told that as a state representative this is the moment where I'm supposed to express my heartfelt condolences and then stand in solidarity with those on the other side of the aisle as we condemn political violence and stand unified as one people.
But we aren't "one people"…
Traditional finance preaches Sharpe ratios… but Lehman, Bear Stearns, and WaMu still collapsed.
Not because of volatility.
Not because of leverage math.
But because their assets were toxic.
Lehman – $639B assets vs. $613B liabilities → gone overnight when the paper rotted.…
Want to know the real reason why Strategy changed its guidance on ATM usage? Following the original guidance, the MNAV remained flat, and they quickly realized that if they didn't change course they wouldn't be able to reach their 2025 BTC yield target of 30% without the ATM.
Bitcoin is sitting right next to a new ATH🔥
They’re pulling the same old trick, shaking out longs with sudden dips before the real breakout
The Fed is back to printing money and we’ve never been this close to a major run. Every dip here is a buying opportunity🎯
$BTC $MSTR
Not a lot of chat around the extent to which Strategy's S&P inclusion could boost the preferreds. Could Saylor hit the pref ATM just as hard as the common ATM upon inclusion? I wonder if the recent BTC buy was intended to collateralize a bigger pref ATM smash.
@hillery_dan
🔵$5.6 trillion debt in 2000
🔴$37.2 trillion debt in 2025
7.87% historical rate of growth over 25 years of debt with a 2% currency inflation target.
If the inflation target grows 50% to 3% let us say the rate of debt growth also grows by 50%...
⚠️$604 trillion debt by 2050.…
I owe @Z06Z07 (Grain of Salt) and apology. I gave him shit for some of his previous takes on @MSTRTrueNorth but he's been killing it lately. Keep on keeping on brother!
It's absolutely wild to me that Jack Dorsey preaches about Bitcoin being this decentralized, censorship-proof asset, yet he ran Twitter like a centralized censorship factory. The hypocrisy is astounding.
Eight years ago I started writing a book that said bitcoin is likely to keep going up. I was right. Now I am a happy well-adjusted person that doesn't have to write walls of text coping by blaming the entire planet for not living up to my misunderstandings.
Eight years ago I started writing a book that said bitcoin is likely to keep going up. I was right. Now I am a happy well-adjusted person that doesn't have to write walls of text coping by blaming the entire planet for not living up to my misunderstandings.
Hot Take: It is better for MSTR to smash the ATM when S&P500 inflows hit and buy 100,000 BTC vs. letting the common stock price ride if mnav is less than 2.5 when inflows hit.
Everyone is talking about Secretary Bessent’s comments today on Fox News with Maria Bartiromo. Here's what everyone is ignoring:
The U.S. government and especially this administration, would never openly telegraph Bitcoin acquisitions. Moves of that magnitude are never…
The US telegraphing their BTC purchases would be the least efficient way to grow the SBR, as investors would front run and drive up the price. Silent accumulation would objectively be the most efficient way. Bessent's comments today may be signal of the latter.
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