Matt

@CatchyName13 @Angry_Polak What book, exactly?

@Angry_Polak Judging by these comments, 90% of your following are dudes with the IQ of a goldfish. You dumbfucks are pathetic. Read a fucking book.

The anti-science and anti-intellectualism movement has surprisingly made its way deep into the government. All while ignoring the Epstein files and that the president is a convicted felon

@OverboughtWatch @shaguncrypto Oh look another person who doesn’t understand something so they just label it “PONZI!!!” lol

@shaguncrypto Who’s stupid enough to do this. STRC is not a bond. They don’t have to pay you if shit goes sideways. Read the fine print. It’s a ponzi

Listen. Don’t overcomplicate it: - Put $100,000 into $STRC earning $11,000/year - Allocate $50,000 to $MSTR - Own at least 1 BTC Enjoy the retirement.

@Lifeinvestmoney Influencer

Need a job where I can make six figures but I have no skills and I’m not very smart What field is this?

@fiotath @AndreasSteno What the fuck are you talking about

@AndreasSteno All due respect sir - your opinion crucially hinges on what is now customarily called the “veil of ignorance” argument. The assumption that the starting place is the same for all. In a world where there is privilege based bias, a centrist view will be seen as extreme.

Had one admitted the opposite as a lecturer - that one deliberately shaped one’s material and curriculum in an anti-globalist, anti-feminist direction - one would certainly have been dismissed. But when one shapes their material with the “right opinions,” it is instead celebrated. This is centrism-extremism in its purest form, and deeply repulsive, yet unfortunately something that permeates European politics - and our educational institutions. PS: I do not believe that curricula should be shaped ideologically in any direction. The whole point of a university is that the best ideas should prevail. Lecturers like her contribute only to making us more stupid.

@JesusMartinez @BarrySilbert This is embarrassing

Zcash will do what Bitcoin couldn’t do Looking great for $ZEC Privacy narrative is more important now than ever

@IIICapital You can’t be this stupid.

Berkshire Hathaway was sitting on $100 billion of cash in 2018. If they used half of that cash to acquire bitcoin at $3,500 per BTC, they would have acquired 14,285,714 BTC. Today that position would be worth $1.12 trillion, greater than the market cap of the entire company.

@IvanOnTech @bullmania Water is wet. Anything else you wanna offer?

@bullmania everything at or below 200W MA is a good deal indeed

Ivan breaks down why anything below Bitcoin's 200-week moving average is good money "40k based on fibs very likely very likely." "Everything that is at 200 week moving average or less is great, you know, below 200 week, like all these prices are cheap."

@CryptoMichNL @tomhfh What the fuck are you talking about? Are you purchasing golden eggs?

@tomhfh General tip: don’t open it upside down. Anyways, happy to be paying $4.50 for one single egg in the States, though! Or $22 for an Aperol in a plastic cub.

Stupid EU bottle cap just spilt orange juice on me. Lots of OJ in the lid, gets you before you can even rip the bastard thing off.

@realnooganative @MomAngtrades Ok soy boy

@Matt38754850 @MomAngtrades Bro, you tweet about crypto and gambling. Thats about as gae as it gets.

This dude is lying or a major pussy. No woman has ever referred to her boobs as cannons. Doesn’t pass the sniff test.

@realnooganative @MomAngtrades Ok soy boy

@Matt38754850 @MomAngtrades Read the full name and bio before you post you ignorant fuck.

@DerrickEvans4WV They also pledged to not smoke crack Monday-Wednesday.

Senators voted to ban members from trading on prediction markets but refuse to ban members of Congress from trading stocks.

@BSaterlee @gothburz Lmao. Sure bro.

@gothburz Soon. BTC will go the way of the Beanie Babies. CBDC won't save the USD. Federal Reserve Note, indeed.

I am the person at Hut 8 who designed the American Bitcoin partnership. The structure is elegant. We gave the Trump family 20% of a publicly traded mining company. They contributed zero capital. Zero infrastructure. Zero employees. Zero operational experience. Zero risk exposure. They contributed a name. Per our partnership agreement, that is consideration. Twenty percent of our equity for access to the most valuable retail distribution channel in American finance. "It has to have 'America,'" Eric said in our first meeting. "And it has to have 'Bitcoin.'" He said this twice. Both times he pointed at the whiteboard. There was nothing else on the whiteboard. I realized then that he understood the product better than I did. The product is not bitcoin. The product is the belief. The entire business model. Two words and a surname. I wrote the term sheet on one page. The lawyers billed for forty. We call that alignment of incentives. Forty pages means they believed in the durability of the arrangement. We mine bitcoin at an all-in cost of approximately $90,000 per coin. Hash rate, power purchase agreements, ASIC depreciation, facility lease, headcount, Coinbase Prime interest — $90,000. Bitcoin trades at $77,000. Every coin we mine loses $13,000. Negative unit economics on every block reward. Eric tells investors we mine at $57,000. He strips out depreciation, SG&A, and the debt service. I asked him once if he understood what depreciation meant. He said it means when things go down. I said yes. He said: "But the stock goes up." I said yes. His only contractual obligation. Salesmanship. Per the partnership agreement, salesmanship is Eric's sole KPI. Technically, he is a fiduciary to shareholders. On paper, his vesting is tied to total comp benchmarks. We run the rigs. He runs the ticker. Asset-light. The company at peak reached a $13.2 billion valuation. Two employees. That is the entire headcount. One is our CEO Mike Ho, who is simultaneously Hut 8's Chief Strategy Officer. He reports to us at Hut 8 on Monday mornings and reports to American Bitcoin shareholders on Tuesday mornings. Dual-reporting structure. Very efficient. The other employee manages Eric's media calendar. $6.6 billion per headcount. We call this capital efficiency. 70% of our bitcoin did not come from mining. It came from selling stock. Retail investors purchase American Bitcoin shares at 50 times book value because the name contains "America" and "Bitcoin" and "Trump" is in the filing and they believe, with the quiet religious certainty of people who have never read a balance sheet in their lives, that a company named American Bitcoin is underwritten by something more substantial than two words and a surname. We take their cash and buy bitcoin on Coinbase at spot. Lodge it on the balance sheet. Call ourselves a mining company. We do mine. At a loss. Technically, the earnings are negative per our Q4 filing. The margin lives in the distance between what the stock costs them and what the bitcoin costs us. The stock is down 92% from peak. Investors have lost approximately $500 million. One of them posted on the shareholder subreddit that he moved his daughter's 529 into American Bitcoin at $14. It trades under $2. He said he believed in the mission. That means he believed in the name. The name performed exactly as designed. Eric's net worth went from $190 million to $280 million. Asset-light. We pledged 3,090 bitcoin as collateral against a Coinbase Prime custody loan. We have mined 1,800. The LTV ratio is inverted. If bitcoin compresses or the loan accelerates, every coin mined since inception could be forfeit by August 2027. All of it. Gone. Liquidation event. I explained this in a memo to Eric. Bullet points. Large font. He asked if the stock could go up before August. I said probably. He said that was fine. He said he'd handle it. Salesmanship. Eric told the press he launched American Bitcoin because banks were "debanking" the Trump family. I checked. JPMorgan refinanced $700 million in Trump Organization debt during the identical period. But debanking is better salesmanship than refinancing. The narrative inflates the stock price. The stock price generates the bitcoin. The bitcoin secures the loan. The loan generates cash. Every link in the chain is a product I built or a story Eric told. Asset-light. I orchestrated the celebrity endorsements. Tyler Winklevoss. Anthony Scaramucci. Grant Cardone. We call this pipeline development. Each broadcast the stock to their audiences during the run-up. The stock collapsed afterward. The celebrities did not lose money. Their audiences lost money. I never mentioned that we hemorrhage $13,000 per coin mined. I told them it was asset-light. They understood immediately. They are also asset-light. Eric cannot legally serve as a corporate officer in the state of New York. A judge barred him for two years. Civil fraud. So his title is not CEO. Not officer. Not executive. His contractual role is salesmanship. He cannot manage the company. He can sell it. One distinction. $90 million in personal net worth gained. Asset-light. Our CEO lives in the UAE. He held discussions with ADQ and TAQA, Abu Dhabi's sovereign wealth apparatus. The same sovereign apparatus that paid $500 million for 49% of World Liberty Financial, the family's other crypto operation. This is the same Abu Dhabi whose semiconductor imports the administration greenlit over national security objections. I did not design World Liberty Financial. I designed the mining subsidiary that feeds into it. Separate projects. Complementary revenue streams. Eric runs salesmanship for both. I admire the portfolio diversification. I gave Eric 20% of a company for free, a company with real miners and real facilities and real electricity bills that I built over seven years in Alberta and Texas and Ontario, and in exchange he gave me access to every American who hears "America" and "Bitcoin" in the same sentence and reaches for their brokerage app without checking whether the company mines at a profit or at a loss or at all. They drove the stock to a $13.2 billion market capitalization. We bought bitcoin with the proceeds. They lost $500 million. We kept the bitcoin. Eric kept $90 million. I kept the apparatus that manufactures both. Everybody got what they paid for. Asset-light means we carry nothing. Not the miners. Not the facilities. Not the risk. Not the losses. The investors carry those. We carry the bitcoin. Asset-light.

@carla_denyer You are a moron.

Today the new Renters’ Rights Act comes into force. This is a big step forward. But without rent controls a huge number of private renters will continue to be priced out of their homes by spiralling rents. I will never stop fighting for secure and affordable housing for all🧵

@7updoteth @RealCryptoFace Sell in May makes you ghey

Don’t under estimate the “sell in May and walk away” Quote @RealCryptoFace

@realnooganative @MomAngtrades “Soy boy”. Explains a lot

@MomAngtrades Funny how everyone totally believes the chick called his wife “a little fish head Asian” but nobody believes she called her tits “cannons”. Are you guys fing serious 😂🤣. The woman who uses that racial term certainly calls her tits cannons 😂🤣🤡🤡

@Heccles94 Why not 100? Everyone will be rich!! 🤡

The Greens will raise the minimum wage to £15 for all workers 💪

@NewsAsset @WatcherGuru lol right. Why don’t they pass a ban on smoking crack too. Completely useless theater. Kinda like 99% of government action.

@WatcherGuru That’s amazing how fast they can ban Congress from doing prediction markets, but for some reason, they just can’t seem to pass banning Congress on trading stocks. Even stocks on the very council they sit on.

JUST IN: 🇺🇸 Senate unanimously passes resolution banning members from trading on prediction markets.

@LarkDavis Spray n pray

If you had to describe your investing style in three words, what are they?

@scottmelker Wow. Holy breaking news.

ELON MUSK ON CRYPTOCURRENCIES: "SOME OF THEM HAVE MERIT, BUT MOST OF THEM ARE SCAMS."

@scottmelker Right bro. Totally. They are just super amazing awesome est traders.

Jane Street recorded record profits this year. They doled out 9.38B in comp, double 2024. And people in crypto deeply believe that they would risk all of this to commit a crime in broad daylight to manipulate bitcoin price.