Excess Returns

@caprioleio @LPCapitalChi explain why

@LPCapitalChi Wishful thinking

Millions of coins changed hands during this bear market Satoshi’s coins moving would cause a temporary drop in price, nothing more

@HodlMagoo @wenbottom @proofofprice @CryptoParadyme Electrical cost is around $60K currently. No chance it gets that far ahead, it is not 2017.

@wenbottom @proofofprice @CryptoParadyme I think we will hit 200k or close to it by Q2 2027. (Not financial advice)

your favorite bulltard has been bullish since 120k your least favorite influencer (me) will turn bullish when the chart changes or we see true capitulation just because we have 3 green weeks for the first time since July doesn't mean the bottom is definitively in. people calling bottom here are guessing, and if they are wrong they will just call another bottom at a lower price. see how the grift works?

@HodlMagoo @Caroline_Queen8 cope, it will hover between 70-135K until the next halving

@Caroline_Queen8 I think this go around was caused my OGs finally being able to find liquidity to exit of out billion dollar positions they have held for 15 years along side of covered call writing now existing. I do expect once 130k is breached it’s a quick jump to 200k and then 250k

History has already been written and the future has be prophesied.

@asjwebley why have raises stalled vs the previous run rate?

It is time for the weekly update about The Smarter Web Company (#SWC $TSWCF $3M8.F). Tough markets test investors conviction; strong companies respond with focus and execution. We started this week by updating the market on our Subscription Agreement where we have raised an additional £5m (often referred to as an ATM style facility). The average share price obtained was around £1.30 so, in my opinion, very beneficial to the company. On Monday @Croesus_BTC then appeared on @RoxomTV for a catch up with @borjamartels. After this @mc_khristina joined @Anders_ for a live stream to talk about the opportunity she sees in SWC. On Tuesday we announced our latest Bitcoin buy. We announced 55 Bitcoin bought and this takes our total treasury to 2,525 today. We have a Bitcoin yield of just under 300% quarter-to-date. Bitcoin yield quarter-to-date will reset to 0% in a few days, when we get into the new quarter, and please keep in mind that Bitcoin yield quarter-to-date is a very important metric to use when looking at Bitcoin treasury companies. Later on Tuesday @ourgoodlifeuk, from the SWC community, interviewed @mc_khristina. I would like to point out to everyone that the SWC community is something that we are very proud of but it is not controlled or moderated by the company so it is exactly what a community should be – an independent forum for people to share views on a subject that they are interested in. I follow the comments most days, and neither I nor any company employee controls the community. On Wednesday @Croesus_BTC and I were able to catch up with @Anders_ and we able talked about some of the challenges for Bitcoin treasury companies. We discussed some of the projects we are working on and whilst there are a lot of different projects that we are focused on of course we cannot share some at this stage. Thursday saw @RealCornCannon and @ourgoodlifeuk talk during a live stream about the Subscription Agreement (often referred to as an ATM style facility) and this was a more technical discussion which I enjoyed watching. They have shared the slides, and you can find these posted in the SWC community. Friday was a busy day with the usual mix of things and then in the evening I went to Bitcoin + Feast organised by the wonderful and talented @HenryBTCchef. The food was first class, the company was amazing and my Q&A after dinner was the best that I could do! My younger brother @mrwebleyteach was at the event although I did not get as much time to speak to him as I hoped and it was particularly cool to be joined by my wife at the event and everyone made her feel very welcome - thank you. As always, I want to give a shout out to those working hard to make the SWC community stronger. We have approximately 4,500 members now and we are the third largest Bitcoin treasury community globally. Shout out to: @andysmith_asap @johnsthor1 @JohnCoo70815409 @80IQConviction @doublediamond65 @Michaeljdobbin @Boutiquecapital @InvestorSmarter @DrBitcoinM50862 @the_desert_ape @ZynxBTC @ourgoodlifeuk @AFCB12 and @BitcoinBee21. A very special mention goes to @BitcoinBee21 who has been putting the hours in recently building out new tools within the SWC dashboard (that he has published online independently to the company). The media section being particularly impressive. Next week will be busy as always. In addition to the numerous tasks that fill a “normal” day I am heading to Singapore for @token2049. I have not been to this event before, but I have many friends attending, and I have a full diary of meetings around the event. I am proud of the SWC team working alongside me to deliver the mission that we have clearly stated. Thank you to Albert, Sean, @tylev, @aw_smarterwebuk, @Croesus_BTC, @LauraStH1991, @lh_smarterwebuk and Mario. You will note that a few more of the team are now on X! I appreciate the support that you all offer and look forward to pushing things forward this coming week.

@PidevStoyan @Vivek4real_ people are selling to buy treasury companies.

@Vivek4real_ Yall ready for 50k?

BlackRock is buying, Saylor is buying, Countries are buying, Banks are buying Then why #Bitcoin price keep falling??? 👀

@BitcoinPowerLaw @SimonTa2210 you can add labels on excel for the last point, then the label can say the company name at the end of the line. You can make the label the same colour as the line so it is easier to read

@SimonTa2210 Yeah. Sorry. Starting to run out of colours for all the companies. Yellow looks pretty ugly on the white background.

@smarterwebuk why is there still so much cash?

The Smarter Web Company (#SWC) RNS Announcement: Bitcoin Purchase. Purchase of additional Bitcoin as part of "The 10 Year Plan" which includes an ongoing treasury policy of acquiring Bitcoin. Please read the RNS on our website: investors.smarterwebcompany.co.uk/news/

@BitcoinPowerLaw @Sanderandersenn @H100Group How did you buy H100? I cannot see it on any of the main exchanges.

@Sanderandersenn @H100Group 💪💪💪

Read our interview with CEO of fast growing @H100Group, @Sanderandersenn $H100 🚀 blog.microstrategist.com/h100-new-bitco…

@BitcoinBee21 @BitcoinMicropig @crab_apple_3773 like this:

@BitcoinBee21 @BitcoinMicropig @crab_apple_3773 yep that is why it would be good to see a nav per share growth chart comparing all the BTC treasury companies. "The days to cover" factors in current mnav which in the long run will not be as big of a factor as growth.

So KULR and SWC have the same (presumably fully diluted) MCAP but KULR has 9 times the btc per share. SWC mNAV (fully diluted I guess) is ~35x The mispricing here is off the chart.

@BitcoinBee21 @BitcoinMicropig @crab_apple_3773 the problem with "days to cover" it is puts too much weight on lower mnavs. Semler is a good example of this. If we are looking more than a year out then higher nav growth will often get you more BTC/share than a company starting with a lower mnav.

@Excess_Returns @BitcoinMicropig @crab_apple_3773 Something like this.... #days-to-cover" target="_blank" rel="nofollow noopener">thesmarterinvestmentguy.com/swc/#days-to-c…

@BitcoinBee21 @BitcoinMicropig @crab_apple_3773 yep we need a nav or nav growth per share chart.

I've been thinking about this and definitely feel like using nav for growth rates rather than say bitcoin yield is much better. Fundraising is the key (especially in the uk) to this as you can't buy bitcoin without the cash. Bitcoin purchases can be controlled to an extent to artificially boost the bitcoin yield.

@BitcoinPowerLaw @ThisiswhyweBTC is there a version of this chart that shows bitcoin per share instead of corporate bitcoin holdings?

@ThisiswhyweBTC It's pretty early for DDC to calculate a BTC Yield, but I've got them on the BTC stack chart.

Competition for DTC mNAV is getting hectic!

1/7 First, BTC Yield. MSTR achieved a 48% BTC Yield in 4Q24. The company previously guided for a 6-10% BTC Yield in 2025 during its last earnings call. Watch for any updates to this guidance.

@WhiteTundraSG @WizardWald @Prospera_Energy @Valarian11 @christimmins @JohnLeePettim13 @airic101 when portfolio update?

@WizardWald @Prospera_Energy @Valarian11 @christimmins @JohnLeePettim13 @airic101 Site visits completed last week, more to share as the story develops further. 🛢💰

Worthwhile to post this again. Great Due Diligence done by the one & Only @WhiteTundraSG @Prospera_Energy The ongoing development is astounding. youtu.be/FKUiZCWuRWQ?si… @Valarian11 @christimmins @JohnLeePettim13 @airic101

Once you understand Kardashev Scale, it becomes utterly obvious that essentially all energy generation will be solar. Also, just do the math on solar on Earth and you soon figure out that a relatively small corner of Texas or New Mexico can easily serve all US electricity.

@HodlMagoo @DavidFBailey Big stuff is already priced in, it will be a small addition, not quite a nothingburger

I SWEAR TO GOD if this isn’t a BIG week for #Bitcoin price I’ll be suing @DavidFBailey for false advertising.

@HodlMagoo @BitcoinBernie @JoeCarlasare @beiwatch summary? or at least a clue for those who missed it

@BitcoinBernie @JoeCarlasare @beiwatch Last nights space had geopolitical implications …..and you missed it? How does that make you feel

Rumor is @HodlMagoo is hosting a spaces tonight with @beiwatch