Mell Pearce

We are pleased to announce our partnership with @exSatNetwork to explore how integrated digital asset services can support structured on-chain payment flows. As digital asset platforms bring yield, trading, and payments closer together, capital can move more easily across different parts of the system. @exSatNetwork is building in this direction through its one-stop platform, with a focus on banking services, compliance, real-world integration, and data infrastructure. These functions are starting to come together into more consistent transaction flows. That makes on-chain financing a natural next step, especially as these flows become easier to track and easier to work with across digital financial systems.

a man raised $4.2B from crypto investors, bought 164,000 Bitcoin at $6,000 with their money, and IPO'd a $10B company and investors got nothing be @BrendanBlumer - CEO of Block(dot)one - the company behind EOS - ran the biggest ICO in crypto history June 2017 to June 2018 - Block(dot)one ran a year long ICO for EOS tokens - raised $4.1 billion in ETH from retail investors - biggest ICO ever at the time - money went straight to Blockone not the EOS chain - Cayman Islands company everyone thought they were funding the next Ethereum killer they were funding Brendan's Bitcoin bag heres what he actually did with the money - crypto winter hit in 2018 - BTC crashed to $3,200 - while everyone was panicking Brendan was buying - converted a massive chunk of the $4.1B into Bitcoin - bought around the $6,000 level - accumulated 164,000 BTC - at $6K thats roughly $1 billion spent on BTC - put the rest in US government bonds by 2021 that 164,000 BTC was worth $10,000,000,000 read that again. he turned investor money into a $10B Bitcoin treasury. the SEC came knocking - fined Blockone $24 million for unregistered securities - thats 0.6% of what they raised - nobody had to give money back - Brendan paid it like a parking ticket then he built Bullish - a crypto exchange seeded with his Bitcoin stash - put in 164,000 BTC - put in $100M cash - put in 20M EOS tokens - got Peter Thiel, Mike Novogratz, and Nomura to invest $300M more - hired Tom Farley the former NYSE president as CEO - total starting balance sheet: over $10 billion August 2025 - Bullish IPO'd on the NYSE - ticker: BLSH - raised $1.1 billion at $37 per share - shares surged 84-160% on day one - closed around $68-70 - market cap instantly hit $10 billion+ Brendan owns 26-30% of Bullish after the IPO he is now a billionaire meanwhile EOS investors - Block(dot)one promised to invest $1B back into the EOS ecosystem - most of the money went to BTC, bonds, and Bullish instead - EOS the token massively underperformed - Blockone quietly stepped away from the project - the community felt completely betrayed - lawsuits and class action settlements are still ongoing this is the greatest finesse in crypto history and its not even close bookmark this to read it twice

I don’t think people truly understand what’s about to happen with 𝕏 Money. This is Elon going back to his roots - back to x.com - and building what he always wanted in the first place: one place that runs your entire financial life. When he rebranded Twitter to 𝕏 in 2023, he said straight up that we’re adding the ability to conduct your entire financial world. He even said you may not even need a traditional bank account. Most people brushed that off. And now it’s becoming real. 𝕏 Money has already been live in closed beta internally within the company. A limited external beta is expected soon, and they’ve already secured money transmitter licenses in over 40 states plus DC. 𝕏 Payments is registered with FinCEN. Visa is officially partnered. You’ll be able to fund your wallet instantly, send peer-to-peer payments, move money to your bank, and eventually use a debit card. And I think this is just the beginning. This will probably start as a simple wallet where you can send money as easily as sending a DM. With this technology, you can pay creators, pay subscriptions, pay whatever bills, shop inside the app, get paid inside the app, and much more. Then, there will be high-yield savings, you can invest, you can get loans, have money market accounts, maybe even treasury access, cool smart cashtags that let you see live stock prices in your timeline and execute trades seamlessly, crypto integration, potentially full asset management… the list goes on and on… Elon literally said this is meant to be the central source of ALL monetary transactions. Bro… think about that for a sec. Your 𝕏 profile becomes your financial identity. Everyone you follow is already there. Everyone you interact with is already there. That social graph becomes your distribution engine. Like, you won’t need a separate banking app, no need for a separate investing app, no need for a separate payment app… this all lives where you already spend your time. Right here on 𝕏. Look at WeChat in China, which Elon always alluded to. Payments, messaging, shopping, investing - all integrated in one app. It handles $ trillions in volume and became deeply embedded in everyone’s daily life. Now 𝕏 is building the Western version of that, but with a more global reach, and xAI’s AI layered on top of all this. Before you call me crazy, you have to understand how big this opportunity is. Digital payments globally are measured in the tens of $ trillions of dollars annually. Even just capturing a small slice of that across hundreds of millions, and eventually a billion, users can change everything. 𝕏 already has the audience. That lowers customer acquisition costs significantly. Add fintech revenue on top of ads, plus float, plus lending, plus investing tools, and we’re talking about a completely different valuation profile. Now, $44B for this company looks like the bargain of the decade… this was one of the main reasons I invested in 𝕏. And if they execute the way they’ve executed at Tesla and SpaceX, this could truly fundamentally redefine how people handle $ . Most people today still see 𝕏 as just a social media app. I see it as the foundation of a financial system layered on top of a global network. Ultimately becoming the “everything” app. And this I believe is a once-in-a-generation opportunity. Elon is calling this a game-changer. I believe him.