Bitcoin Insights

The only thing Team @Strive has done is try to create a cleaner, more efficient flywheel than the original. They’ve done that. And yes, to his credit, Saylor admitted on the earnings call that if they had it to do over again, they would structure it like Strive did. Total class. As to Strive though, I’ve never suggested they will beat Strategy. Never heard them publicly say they’re trying to beat them either. Strive knows and openly admits they will never catch them LONG TERM. At this point, it’s a race for #2. Are there times when one horse is going to win a shorter leg race? Yes. We’re already seeing that play out. BOTH will win long term. No one in the BTCTC space questions that Strategy will one day be the richest company in history. Should $ASST investors want @Strive to just lay down and accept it or should investors want them to believe anything is possible and to execute relentlessly? It’s cliché, but the saying still resonates: “Shoot for the moon. Even if you miss, you’ll land among the stars.” 2 amazing companies.

@BTCInsightPro @ColeMacro @saylor @Strategy @Strive @TNorth They and you are literally talking about beating Saylor and MSTR. I have only seen Saylor root for Strive - he's got class, IMO.

Strive acquired an additional 1,109 $BTC for ~$85.4 million at an average cost of ~$76,988 per bitcoin. STRIVE SNAPSHOT Bitcoin holdings: 16,500 QTD BTC Yield: 11.0% YTD BTC Yield: 23.4% Amplification ratio: 45.2% $ASST $SATA

"The criticisms are quite funny to me because we're doing this incredibly transparently. I guarantee you they hold money in a bank account. Are you questioning the bank's liabilities?" Strive's @PunterJeff responds to the Ponzi accusations.

Some of us were buying $STRK $STRF $STRC $STRD before there was ever a cash runway. The cash added to the balance sheet was always just optics for those that haven’t done the work. It’s likely that the cash reserves will be replenished soon and the convertibles completely gone. Onward.

So he used the money that he was supposed to be paying the dividents on those massive STR(X) positions to buy back some 2029 debt?! So now rather than have a runway for ~1.5 years given the divident payoff he now has a runway of ~4 months? So people who bought in STR(X) that felt secure about the runway and their ability to reduce their position/risk as the "dividend bag was running out" suddenly woke up today and found themselves rugpulled? Would be interesting to see if the price of those STR(X) products actually take a nosedive as the people who thought they were safe are gonna be running for the exits.

@Strategy Gonna be hilarious to watch the bears lose their minds when Strategy raises the dividend on $STRC, issues and sells more shares that enable them to buy more Bitcoin and simultaneously replenish the cash runway in a matter of a few trading days.

Strategy has completed the repurchase of $1.5 billion of its 2029 Convertible Notes at an ~8% discount to par, generating an incremental 0.7% BTC Yield and lowering aggregate debt to $6.7 billion. $MSTR $STRC strategy.com/press/strategy…

Merit? 1) Show me 100 resumes Strive had to choose from for any of their C-Suite officers based on the candidate’s experience running a BTCTC. Reality: there will likely be fewer than 10 resumes - mainly because BTCTCs are so new. Maybe fewer than that as those who are involved with their original projects are still involved and not leaving anytime soon. Most people outside of CT don’t even know what BTCTC stands for. So, based on tenure or experience that would normally lend some credence to merit in any other industry, there would be none in BTCTCland. 2) And if direct experience in the space isn’t a measurable, an organization has to make hiring decisions that rely on the candidate’s knowledge base, skill sets, aptitude, and overall “fit”. Based on the hundreds of hours I’ve listened to @Strive team breakdown the math and risk associated with $MSTR over the past 2+ years, I’m confident that criteria #2 (above) was met. No one more qualified than the team of @ColeMacro @Werkman @PunterJeff @Avik @IIICapital et al…at running the playbook they’ve studied from the beginning - its strengths, weaknesses, opportunities, and threats. If they execute, and they are, the compensation is warranted.

@_A_S_btc @natbrunell @chowcollection @PunterJeff @Strive @saylor @ColeMacro @Werkman Now you’re getting closer. What “merit” on a Resume was that compensation package for?

Strive just did something no public company has ever done. $SATA is paying shareholders a 13% DAILY Bitcoin-backed dividend. The first daily dividend in stock market history. Full breakdown with $ASST’s Chief Risk Officer @PunterJeff 👇🏼 Timestamps: 00:00 SATA: The First U.S. Listed Security to Pay Daily Dividends 8:51 Strive Enters Top 10 Bitcoin Holder Ranks 10:39 Strive's Daily Dividends Beating $MSTR To It... What's the Catch? 11:21 Why Don't More Companies Pay Daily Dividends? 13:15 Structuring Daily Capital Asset Distributions 14:01 What is Digital Credit? 16:30 How is $SATA Able to Pay 13% Yield? 19:21 Strive is Re-Establishing Trust 21:08 Bitcoin Digital Credit Insurance Analogy 28:35 History of Strive 34:51 Why Traditional Income Investing Models Are Failing Retail Investors 37:51 The 2008 Financial Crisis Tore His Family Apart 46:35 Betting Everything on MSTR Options: Making 2000% 52:14 How Jeff Thinks About His Portfolio Now

Probably. However, it’s my opinion that $SATA is maintaining par based on not only the news of going to daily dividends but also that we’re getting close to the monthly ex-div date in a few days. The actual execution won’t happen until June 16 though. $SATA Will be interesting to see how many hours per day SATA will trade at $100 or higher once the daily dividends start. Once we have 2-3 months worth of data of comparing how much Bitcoin they were able to buy when dividends were monthly compared to daily will be worth watching. Less arb opportunities and less volatility, for sure. Should be a winner overall and expect minimal differences in net bitcoin added.

@ZynxBTC $STRC should switch to weekly or daily dividends. There is no reason not to after seeing SATA succeed.

The proportional growth rate for Strive is extraordinary. $ASST added 1,109 Bitcoin in a single week. A 7.21% increase in NAV. To put that into perspective, it is the equivalent of Strategy buying 60,833 Bitcoin in a single week. That is the power of $SATA. Special company.

$ASST $SATA Not the biggest horse, but currently the fastest.

If @Strive owns $50M worth of $STRC on their balance sheet (and they do), rooting against Strategy would be counterintuitive, no? If you listen to the guys running the Strategy playbook from Strive on @TNorth, 90% of the time spent on the podcast is dedicated to breaking down Strategy’s reflexive flywheel and praising Saylor & company.

@BTCInsightPro @ColeMacro @saylor @Strategy @Strive Actually Strive is using the idea of "beating Michael Saylor" by buying their product. I wouldn't call that rooting.

Fun fact of the day: If you don't think inflation has been the biggest problem in the world over the last century, you have been miseducated by people who get paid by inflation.

@BTCoptioneer What is your DTE and delta? Premiums on the puts seem to have dropped off some since ASST has had a run up.

$ASST put selling on margin while using $SATA / $STRC as collateral is my favorite income strategy right now. This strategy makes sense as long as we are in a Bitcoin bear market, the mNAV is relatively low, and the IV is relatively high. Once we get a blow off top and $ASST becomes overvalued, covered calls selling will be a better strategy. Adjust to the market. Don't be a one trick pony.

Metaplanet launching US prefs? TOO MANY HINTS! THE SLEEPING BEAST IS ABOUT TO BE AWOKEN.

Bitcoin might be more popular if it was: - Controlled by a small number of people. - The most popular money for criminals. - Printed at a rate of 7% per year. - Easy to reverse transactions. - Limited by banking hours. But the dollar has a strong monopoly there.

🟠 EARLY RELEASE "Harvard's two largest liquid positions are Bitcoin & gold. What does that tell you? They're worried about debasement." @Bitwise CIO @Matt_Hougan on why the smartest endowment on earth is hedging — his $1.4M BTC by 2035 case. Trailer ↓ ⚡️fountain.fm/episode/SIZDv5…

@romanhelmetguy Correction. The far left wants to cut off your kids’ genitalia.

Gonna try to explain this to tech CEOs again: Young Americans are pissed. They feel betrayed. Half have embraced the far right & want to cut off your access to cheap foreign labor. The other half have embraced the far left & want to cut off your head. One side will win. Choose.

@ryQuant I love how Strive copied having only one pref, paying off their debt, and going to daily dividends. Oh wait.

In fairness to Strive, they have moved very quickly. By ‘move’ I mean copy.

@ryQuant @PunterJeff @Strategy The drama is building. This is the equivalent of when JR got shot on Dallas.

For @PunterJeff & Public Clarity: I’m coming for everything, including preventing you from being the CEO of @Strategy, even if that means I have to convince the shareholder base why I’m the more talented & qualified leader.

@BTCBreadMan Bait

Saylor pivoting from buying Bitcoin to buying treasury bonds is truly brutal. It’s absolutely over at this point.

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” - Henry Ford