High Beta Stocks

$BTC/crypto thoughts: The failure of $BTC to really follow the broader markets here is ominous in my opinion. $ETH and Alts are back to rock bottom. The problem brewing here is the broader markets are looking toppy and $BTC loves to dump with the market. As high oil/high inflation start to have bigger and bigger impact, seems likely the algos will dump $BTC on every piece of news. But many like to point to the Clarity Act as a positive catalyst. To me, this is just another goal post. This Act still has lots of hoops and then the slow process of implementing everything. Odds are this is just an ongoing nothingburger. The stars seem to be aligning for $BTC to not do much of anything for the next 6 months. Anemic rallys and dumps, rinse and repeat. The real question is whether the lows will hold at 60K if the broader market turbo nukes. Honestly, no idea. If we start testing 60K or lower, proxies will get killed (>50% dumps likely) and many Alts will find even lower lows. Could see a major wave of treasuries and miners dumping BTC to survive. There are endless reasons why $BTC should be much higher now, many of them discussed before. I have no answers as to why $BTC is lagging - just speculative thoughts. I'm just resigned to the fact that 2026 is not the year for $BTC. Likely will have to wait until 2027 or later for any real movement. I would absolutely love to be wrong here, but after the 2+ years of failed catalysts - odds are this sector is dead for the time being. $BTC would have to swim upstream to move higher and I've seen no ability to do that in the ETF era. I have my bags packed and I will just wait it out. Perhaps something positive will emerge in the coming months. Until then there are better things to do than follow this sector.

@Bobiliciousing @Notofworks7 Agreed

@BKnight221 @Notofworks7 Need to remind myself it’s not bad for us if AI rockets and BTC flounders = rotation opportunity later this year

$btc losing weekly openn overnight. NY, let's try again. If NY can't do it we going to 75k maybe 73k

Last OpEx Friday they cleaned house. Will they do the same tomorrow? x.com/BKnight221/sta…

@TheTreasuryGoat its not a signal. He's blessed treasury companies repeatedly over past year, all nuked

Saylor blessed $ASST on the Strategy Retail Q&A last night. If thats not signal, idk what is

@TheTreasuryGoat ASST mgmt will prob do something stupid though

“Bewilderment will intensify” $ASST

$DDC path to zero on track. Dumping 20% of market cap almost every week now - just straight down. mNAV hitting 0.25 here. Selling some BTC and buying back shares seems needed at this point. x.com/BKnight221/sta…

Peak absurdity is $IREN selling off >30% of market cap after news with $NVDA. While $CLSK holds strong. The WTAF market continues

@scludweed IREN is down like 20% since making the deal with NVDA

If I was short $IREN, I would hate this picture. All smiles.

@SteveUrkelDude Amazing how this became a sell signal

$IREN x $NVDA

$NUAI: The Last Asymmetric Bet in the Data Center Trade Look across the small-cap data center cohort right now. NUAI is the only remaining sub-$500M name with a real, exclusive, late-stage hyperscaler negotiation in motion. And after parsing the Q1 2026 call, conviction goes up, not down. The Lease Math Now Works Backwards From 2027 Charlie Nelson laid out the schedule cleanly: "Our schedule is largely driven by power availability. The power that we have available in phases 1 and 2 is in second half of 2027. Everything that we're doing is kind of back-solving from those dates... We still feel good about second half of 2027 in-service date for the first phases of this." Working backwards from ~August 2027 with Stream's compressed 12-14 month build cycle, the lease has to be signed by July or August 2026 to preserve schedule. The construction calendar is a hard forcing function — every party at the table knows it, including the hyperscaler. The Documents Are Closer Than Anyone Realizes When asked about sequencing, Charlie was specific: "The JV docs are well underway, multiple turns already with the lawyers, and the lease as well, as well as the PPA. All of these are progressing concurrently... And this is how it goes with most of these types of industrial developments — concurrent execution, especially when they're all kind of lining up around the same time, just makes sense. And you just kind of have a signing day, if you will. A very fun day, by the way, for any industrial development." "Multiple turns" means the documents are mature. What's left should be legal documentation — a slower, more deterministic process than commercial negotiation. The phrase "signing day" is not casual. It's deal-maker code for a coordinated execution event where multiple interdependent documents close together. The Hyperscaler Engineered This Deal This is the part nobody is talking about enough. The hyperscaler wasn't recruited. They initially came to NUAI wanting to buy the land. Ted Warner walked through the sequence: "We were also getting offers to buy this from actual hyperscalers... One of those we did, we signed an exclusivity agreement because we kept turning them down on selling, and we wanted to work with them on how can we partner with you to own something here. Essentially, it was, 'You've got to work with a really reputable developer.' We went and tried to find one, that exact same party sort of led us to a different party. Now here we are with that party, Stream." The hyperscaler directed NUAI to Stream. They didn't just suggest a developer — they pre-approved their own counterparty. Stream walked in with existing commercial agreements and pre-approved designs with this specific hyperscaler. Charlie confirmed it: "Having pre-approved designs with this particular hyperscaler, which is why we were guided into the relationship with them, frankly — to the fact that they house long lead time equipment that goes towards these projects, and it's a rinse and repeat design." A hyperscaler that takes the time to direct partner selection, share technical specs, sign exclusivity, and cooperate through a developer restart is not a hyperscaler that walks away at the finish line. That's a counterparty that has been quietly engineering the conditions for this deal to close on terms they already endorsed. And It's the Same Hyperscaler Ted's clarification on the Sharon AI confusion was the most underrated moment of the call: "The same party, that hyperscaler is still the person that we hope will be our tenant, that our designs are specifically for... [Stream has] been incredible to work with, just every day checking boxes. It's been awesome to watch them work." No one walked. The hyperscaler that wanted this site in 2025 still wants the site in 2026. The designs are still tailored to their specs. The exclusivity is still in place. The Balance Sheet Is Built For This Ted's segment removed the financing overhang that haunted this name for months. $80M+ cash on hand. $290M Macquarie credit facility. The Sharon AI note is gone. Liens lifted. They illustrated the math: "Our cash needs for phase one would be roughly $180 million before the credit that we'd get for the land contribution... That theoretical $180 million investment is more than covered for phase 1." NUAI's expected equity check for Phase 1 is fully funded. No more "how do they pay for this" question hanging over the stock. The Setup The market just sold the stock 11% on a quarter that confirmed every workstream is on track The lawsuit resolution should come soon PPA likely ready first JV DA close behind — Stream is the most motivated party in the deal Hyperscaler lease execution window: late June through Early August 2026 One signing day, three documents, complete rerate This is the playbook setup for an asymmetric trade. The downside is bounded by the cleaner balance sheet, the Stream-driven execution model, and the standing hyperscaler engagement. The upside is a name with a sub-$500M market cap signing a lease comparable to deals that already moved peers multiples higher. "As a shareholder, I sit here with you, and I wish I could announce who the prospective tenant is, and I can't wait to announce it one day. We've been working very, very hard to get there." — Will Gray, closing remarks NUAI is the last shoe left to drop. investing.com/news/transcrip…

@Liathetrader Passage is basically blocked

Oil at $99, Iran talks stalled, and the Strait of Hormuz (20% of global oil) is one incident away from chaos. If that passage gets blocked, oil gaps to $150+ instantly. While markets hit records, the cracks are showing everywhere. Everything you need to know in today's letter: tmad.news/p/tmad-weekly-…

@BitQua More like Feb 2020

👇

@Realcoinforge Nobody is talking about it? 😂

🚨 NOBODY IS TALKING ABOUT THIS HYBRID STOCK THAT'S BREAKING OUT. $IREN is currently forming a perfect bull flag and it has just broken out to the upside. This is an AI company with BTC exposure and the potential is insane. If this is accurate, it's about to explode. Keep an eye out.

@Remzztrades 3,700 inside trades

Bro is one of us

@RoaringRagnar I know how MSTR works. If BTC followed proper supply demand mechanics for a fixed asset, all these buys should matter. The fact they don’t suggests a lot of this is paper BTC

@BKnight221 All BTC have already been purchased. Of course it has no impact. Strategy is just one player, and BTC trading volume is huge.

I expect Strategy to have purchased 20,000+ BTC from $STRC this week, and possibly more from the common stock thanks to ADSO mNAV being >1.0x. The nuclear reactor is alive and well.

@BMNRBullz Just as many sold, doesn’t mean anything

🚨 HERE ARE EIGHT WALL STREET GIANTS WHO INCREASED $BMNR AGAIN Several added two quarters in a row. The aggressive ones: 🔹 Citigroup: +542%, then +92% 🔹 BNY Mellon: +497%, then +36% 🔹 BlackRock: +166%, then +22% 🔹 Morgan Stanley: +26%, then +13% Other big increases: 🔹 Vanguard: +66% to 4.7M shares 🔹 Schwab: +61% to 4.4M shares ARK now holds 9.7M shares worth $191.8M. VanEck added 48%. Not everyone added, but these eight Wall Street names increased their disclosed Bitmine exposure.

@BitcoinTeacher_ But we're winning so much

Send it all lower. Venezuela, Iran, now Cuba? We going to get a break?

@CryptoGirlNova Silver is down the risk curve and had a generational pump already The market is running hard into high oil effects Whatever is holding BTC back is likely to continue for quite sometime

@BKnight221 Probably further down the risk curve. Stocks are looking like they aren't done yet though. So eventually tough to believe crypto won't catch a piece of the pie.

To much victory lapping right now on the timeline. In reality: 1/ Bulls are expecting lower (retest / higher low) 2/ Bears are expecting lower (new lows) So going down here was the most likely scenario whatever your perspective is. You know my stance: This rally has been slightly stronger to just be a normal bear retracement in my opinion. Equities surging like this with no dip in sight right now (we had it and we left it behind) also shows me confluence. So for me the chances are leaning higher and higher that the bottom right now is in. And a higher low is the absolute best opportunity you can get right now. It's fine btw to have people with different perspectives. Whether you still expect new lows or not. Just know that the current drop (if we can already call it one) is also one in favor for the bulls and not just the bears only. It doesn't necessarily strengthen a "new lows confirmed!" thesis.

@ghetto_gronk 😂

Aaron Rodgers emerging from his ayahuasca darkness retreat to play a 22nd season

@acethebulllly @bitcoingod20889 The same guy thats always been here Ace

@BKnight221 @bitcoingod20889

She’s genuinely one of the strongest analysts on this platform. Make sure you take the time to follow her work and stay tuned to her insights.