Peter Hasselblad

@ChrisMMillas @hillery_dan Don’t you mean “trends to 1.0” ?

What do you think is the terminal MNAV of Strategy?

@MSTR_Today @saylor TLDR: Stack sats and MSTR

How my 'MSTR Today' AI agent interprets this: Absolutely. Here’s what Saylor is saying, line by line, with the jargon untangled. “Bitcoin has won.” He means Bitcoin has already emerged as the dominant digital asset. In his view, the big battle is over. Not “will Bitcoin survive?” and not “which crypto will win?” He’s saying Bitcoin is the winner of that contest. What he’s really implying: Bitcoin has the strongest brand the largest network effect the most institutional attention the most credibility as a long-term store of value So “has won” does not mean it cannot fall in price. It means he believes the market has already chosen Bitcoin as the main digital monetary asset. “Global consensus is that $BTC is digital capital.” This is his way of saying the world is increasingly treating Bitcoin like a new form of capital storage, kind of like pristine collateral, reserve value, or a superior savings asset. Why he uses “digital capital” instead of just “money”: “money” makes people think of spending “currency” makes people think of daily transactions “capital” makes people think of wealth preservation, treasury reserves, investment allocation, and balance sheets So he’s saying Bitcoin is being recognized less as internet cash for buying coffee, and more as a serious asset for preserving and compounding wealth. “The four-year cycle is dead.” This is a huge claim. Traditionally, Bitcoin people talk about a four-year cycle tied to the halving: halving happens supply growth drops price eventually surges bubble forms big crash follows repeat Saylor is saying that old rhythm matters less now. Why? Because he believes Bitcoin is no longer mainly driven by retail speculation and miner supply shocks. He thinks it’s increasingly driven by larger, steadier, more powerful capital pools: ETFs corporations sovereign or quasi-sovereign adoption credit markets institutional treasury strategies So when he says the cycle is dead, he means Bitcoin may be maturing out of its old, wild, predictable halving-era pattern and into something more influenced by global finance. Important caveat: He is making a bold opinion, not stating a proven law of nature. Plenty of people would argue the cycle is weakened, not dead. “Price is now driven by capital flows.” This is the engine room of the whole tweet. He’s saying Bitcoin’s price is increasingly determined by how much money is flowing into it, from where, and through what financial pipes. Examples of capital flows: money entering spot Bitcoin ETFs corporations buying Bitcoin for treasury institutions reallocating portfolios into Bitcoin new debt or equity issuance used to buy Bitcoin wealthy individuals moving savings from bonds, real estate, or cash into Bitcoin This is a more Wall Street framing than a crypto-native framing. Instead of asking: “What’s the halving doing?” “What are retail traders doing?” He’s saying ask: “Where is the big money moving?” “How much institutional demand is arriving?” “What structures make it easier to allocate capital into Bitcoin?” In plain English: Bitcoin price is becoming a flow story, not just a scarcity story. “Bank and digital credit will determine Bitcoin’s growth trajectory.” This line is dense, but very important. He’s saying Bitcoin’s future growth depends on the credit system built around it. “Bank credit” means the traditional financial system: banks lending against assets institutional financing custody-backed lending financial products that let big pools of money access Bitcoin “Digital credit” likely means newer Bitcoin-linked financial instruments: preferred shares convertibles structured products Bitcoin-backed lending digital asset credit markets capital market vehicles that channel money into Bitcoin exposure Why this matters: Big assets do not just grow because people like them. They grow because the financial system builds ramps, bridges, and flywheels around them. He’s basically saying: if banks and capital markets can finance Bitcoin-related strategies and if digital credit products expand then much more money can flow into Bitcoin and that will shape its long-term upward path This is very consistent with how he views Strategy: not just as a buyer of Bitcoin, but as a machine that converts capital market access into Bitcoin accumulation. “The biggest risk is bad ideas driving iatrogenic protocol changes.” This is the most technical line. “Iatrogenic” is a medical word. It means harm caused by the treatment itself. Like a doctor trying to fix something and accidentally making it worse. So “iatrogenic protocol changes” means: Bitcoin’s biggest danger is not outside attack, but insiders making “helpful” changes to the Bitcoin protocol that unintentionally damage it. What kind of “bad ideas” he could mean: changing Bitcoin’s core monetary rules altering the supply model making protocol changes that weaken decentralization pushing features that increase complexity or security risk changing Bitcoin so much that it loses the qualities that made it valuable in the first place His underlying belief is that Bitcoin’s strength comes from: stability predictability simplicity conservatism not being easily changed So he’s warning that the biggest threat is not competition, not government fear, not volatility, but people “improving” Bitcoin into a worse version of itself. The tweet in one clean translation Saylor is basically saying: Bitcoin has already become the world’s dominant digital store of value. Its future is no longer mainly about halving cycles and retail hype. It will now rise or fall based on how much institutional money and credit infrastructure flow into it. The biggest thing that could derail that future is messing with the Bitcoin protocol in foolish ways. What he is really communicating strategically This tweet is doing three things at once: 1. Reframing Bitcoin as a mature asset He wants people to stop thinking of Bitcoin as a speculative toy and start thinking of it as digital reserve capital. 2. Reframing price drivers He wants attention on institutional adoption, ETFs, treasury strategies, and credit markets, not just halving memes. 3. Reframing risk He wants people to believe the main threat is self-inflicted protocol meddling, not lack of adoption. Where people might push back Critics would challenge several parts: saying the four-year cycle is “dead” may be overstated capital flows matter, but macro liquidity, regulation, and sentiment still matter too “global consensus” is probably too strong, since many institutions and governments still do not agree protocol conservatism is important, but some would argue careful improvements are healthy, not dangerous So this is classic Saylor: part thesis, part signal flare, part narrative weapon.

@kingston_dann #SWC owns Bitcoin as the primary (and only) treasury asset for the medium to long term. I would rather sell one of my arms than sell any Bitcoin.

Protect yourself. Buy Bitcoin.

@SteveBakerFRSA @MaxRangeley @harryricher96 Save yourself. Buy Bitcoin.

🙄Congratulations to everyone involved. 📣The biggest bubble in history will burst, if not now, eventually. 💡Why be surprised? Get my book with @MaxRangeley and @harryricher96: bit.ly/AustrianBubble…

@LukeOlympus Bitcoin

@m4tthall @gikiriki1988 @saylor Great. Thanks for updating me, appreciated.

@FiatIsEvil @gikiriki1988 @saylor Had confirmation from AJ Bell that no tax should be applied to $STRC since it is now reclassified as a Return of Capital, so 11.5% applies in ISA.

Risk-adjusted performance continues to improve for $STRC. Sharpe Ratio: 3.1 — all-time high 30-day volatility: 2.5% — all-time low 1-month VWAP: $99.93 — all-time high You can now track these metrics live on the STRC page.

@smarterwebuk @asjwebley I’ve no idea what this means but I’m assuming it’s good news.

RNS Announcement: Existing Warrants - Voluntary Purchase Offer Results The Smarter Web Company is pleased to announce the results of the discounted voluntary purchase offer for warrant holders to realise value from the Pre-IPO warrants ahead of their vesting. @asjwebley: "I am pleased to be able to update the market with the results from the Voluntary Purchase Offer. It was also satisfying to receive so many messages from holders of these warrants who believe that the Company will grow significantly over the next few years. By removing these warrants from our fully diluted share count we have improved our Quarter-to-Date BTC Yield to -0.18%, representing a meaningful improvement from -0.93% earlier in the quarter, during what has been a challenging period for the Bitcoin treasury sector. Considering the significant structural progress we have made this quarter, including the accretive acquisition of Squarebird Agency Ltd, our uplisting to the Main Market of the London Stock Exchange and confirmation of inclusion in the FTSE UK Index Series, I am pleased that the Company continues to move forward with strong foundations for future growth." Please read the RNS on our website (link in comments). LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8

We just witnessed history. STRC likely bought 11k+ BTC from $800M+ in ATM proceeds this week alone (@bitcoinquant_ estimates) Monday’s 8-K from Strategy is going to break the internet.

@rohanhirani @bitcoinquant_ Incredible. More bewilderment incoming.

@m4tthall @gikiriki1988 @saylor Thank you ☺️

@FiatIsEvil @gikiriki1988 @saylor AJ Bell

@m4tthall @gikiriki1988 @saylor Which broker are you using to buy STRC, ser?

@gikiriki1988 @saylor I'm getting 9-10% after 15% withholding tax in an ISA wrapper in the UK

JUST IN: $409M traded in $STRC today — the highest daily volume on record. Estimated ATM activity points to roughly +2,492 BTC add to @Strategy's balance sheet today.

@80IQConviction If BTC does deliver a CAGR of ~30% and our balance sheet grows at that rate, plus whatever increase in Bitcoin per Share we manage to deliver over time... It's quite possible SWC will be one of the best performing stocks in London for the next decade or two 🤔

@AlexBasedXx2 @PahlaviReza x.com/pahlavireza/st…

@PahlaviReza Hmm- I'm not seeing any "Thank you President Trump and the brave US Military members." ... 3 of whom have d!ed to help free "Iran"/Persia, in your message. Nor any to Israel For the years to come, your thanks must ALWAYS be included in your messages Remember your place

My compatriots, Ali Khamenei, the Zahhak of our time — the demon who, only weeks ago, issued the order for the massacre of tens of thousands of Iran’s finest sons and daughters — is gone. With his disgraceful death, and that of many of his appointees and affiliates, the Islamic Republic is drawing its final breaths. Through your will and bravery, it will soon be consigned to the dustbin of history. The great nation of Iran seeks the complete fall of the Islamic Republic, and we will bring down this demonic regime. My message to the remaining officials of this republic of terror is this: surrender to the Iranian nation. Declare your loyalty to my plan and our transition framework, and hand over power without further bloodshed. Any attempt by the remnants of the regime to appoint a successor to Khamenei is doomed to failure in advance. Whoever they place in his position will not only lack legitimacy, but will also be a partner in the crimes of this regime. To the military, law enforcement, and security forces, I say: your weapons must be used to defend the great nation of Iran, not the republic of crime, thuggery, and its anti-Iranian criminals. Join the people of Iran and the Lion and Sun Revolution. Use your arms to protect Iranians against the mercenaries of the Islamic Republic so that this 47-year nightmare may end more swiftly. The death of the criminal Khamenei, though it does not repay the blood that has been shed, can calm the wounded hearts of grieving fathers and mothers, spouses and children, sisters and brothers; a measure of solace for the proud families of the martyrs of Iran’s Lion and Sun Revolution. Honorable and courageous people of Iran, The death of the despot of our time, although it marks the beginning of our great national celebration, is not the end of the road. Remain vigilant. Be prepared. The time for a widespread and decisive presence in the streets is very near. I ask you, while maintaining your security, to demonstrate your satisfaction with and support for the crushing of the Islamic Republic through nightly chants, and to shout your demands for Iran’s future. My strength comes from your strength and your support. I ask Iranians abroad — who for weeks have worked tirelessly and relentlessly as the powerful voice of our compatriots inside Iran — to intensify your efforts. Force the world to hear the Iranian people’s support for this humanitarian intervention and our demand for the complete fall of the regime. Sensitive days lie ahead of us. Together, we will walk the path to victory, and we will overthrow the Islamic Republic. Long live Iran. Reza Pahlavi

Bitcoin's Lightning Network exceeds $1B in monthly transaction volume.

@LynAldenContact Nothing stops it.

RNS Announcement: Bitcoin Purchase The Smarter Web Company announces the 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 (link in comments). LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8

In 1989, a researcher at Stanford published a book called “The Coming Soviet Crash.” Two years later, the Soviet Union collapsed. Her name was Judy Shelton. And she’s been right about almost everything since. A thread. 🧵

$MSTR - Bitcoin set to double/triple S&P returns over 4–8 years despite near-term pressure; Strategy continues accumulation as volatility creates opportunity. Full Interview 👇