Barry Scott

$SRXH $900M = microcap, $5B = small-cap. MSTR ($42B) & BMNR ($9.5B) are comps. BTC/ETH crashed hard, but crypto treasury stocks 3–5x next bull run. SRXH is the only public Gen2 multi-asset treasury. EJ’s pay tracks market cap. ~1B shares, stock under $0.12 — massive upside.

Excited to share that I'm joining Opendoor as Chief AI Officer, where I'll be bringing frontier AI to the way people buy and sell homes. I've known Kaz for 11 years, and the chance to build something alongside him is a rare thing. Grateful for my time at Meta MSL, but this was the opportunity I couldn't say no to. The way people buy and sell homes hasn't fundamentally changed in decades. I believe AI is about to change that, saving real Americans real time and real money, and making homeownership more within reach. That last part matters most. Homeowners put down roots. They invest in their families and their communities. A nation of homeowners is a stronger nation. That's the mission, and we're just getting started!

"I think I retired too early." He was 61. He had $4.2M. The math was fine. He wasn't. Here's what nobody had explained to him. For 35 years his identity, his schedule, and his paycheck all came from the same place. He retired and lost all 3 at once. The portfolio replaced the paycheck. Nothing replaced the other two. In our experience, the retirees who struggle most aren't the ones who saved too little. They're the ones who planned the money and forgot to plan the life. Retire to something. Not just from something.

Homeownership is as close to a panacea as we have for the West. We must reverse this trend of more and more takers making homeownership harder and harder.

Opendoor trackers are now showing roughly 1,558 Q2 home sales with estimated margins around 10.4%. Even after applying the historical adjustment (~2%), that points to an ~8% contribution margin, above management's 5-7% Q2 guidance. Higher volume. Higher margins. Russell inclusion next week. AI-driven operating improvements. The market is still valuing $OPEN like it's the same company from 2022. Q2 could be the quarter that changes the narrative. $OPEN