jacob

5.1K posts

jacob

jacob

@StretchedToPar

Katılım Eylül 2009
2.5K Takip Edilen377 Takipçiler
Neil Jacobs
Neil Jacobs@NeilJacobs·
Bitcoin has been in a bull market for over 17 years. ZOOM OUT
English
9
2
70
2.6K
Zaid 🟧
Zaid 🟧@zaidlikesmstr·
$MSTR I believe Phong’s interview with Bloomberg this afternoon gave us one of the clearest previews yet of what to expect heading into the July 30th earnings call. Three things stood out to me. 1. The USD Reserve still has room to grow. During the interview, Phong mentioned the 3 year mark more than once. We’re sitting at roughly 20 months today, and that signals there’s still work ahead before management feels the reserve foundation behind $STRC is where it needs to be. For common shareholders, that may sound excessive. But if the objective is to build the premier Digital Credit platform, credibility has to come before scale. 2. Management takes accountability. @phongle has now acknowledged more than once that management heard the market’s feedback regarding the USD Reserve and understands the role it plays in supporting confidence around $STRC At the very same time, he didn’t seem to place the same importance on pushing the yield higher, instead repeatedly returning to the strength of the reserve. To me, that suggests management isn’t in a hurry to move beyond 12% for now. 3. Common shareholders understand the assignment. This continues to be one of my biggest takeaways. Despite slowing Bitcoin accumulation materially and investing heavily into strengthening $STRC, the common equity premium continues to recover each time it’s pressured. When asked about shareholder sentiment, Phong reinforced the same idea. Every time that premium holds, shareholders are effectively saying: Finish the foundation first. Because ultimately, the most accretive way to acquire Bitcoin over the next decade is by building a Digital Credit platform capable of financing acquisitions for decades to come. The final comment that stood out: “Build a capital structure that can withstand bear markets and benefit from bull markets.” That’s the mission. We’re not here to survive one cycle. We’re here to build a vehicle that can operate through all of them. Mission Strategy. $BTC $MSTR $STRC
Zaid 🟧 tweet mediaZaid 🟧 tweet media
Phong Le@phongle

I joined @kgreifeld and @RomaineBostick on Bloomberg today to discuss Strategy’s evolution into a Digital Capital platform, our $3B cash reserve, $STRC, balance sheet resilience, and our long-term commitment to Bitcoin. 01:17 - Strategy’s evolution from Bitcoin Treasury Company to full Digital Capital platform 01:25 - Over 840,000 BTC, $10.5B of $STRC, and Strategy’s responsibilities 01:45 - Why Strategy built a $3B cash reserve after listening to preferred shareholders 02:30 - The path for $STRC: build USD reserves, return $STRC to par, issue more $STRC, and buy $BTC 04:22 - $MSTR’s goal: outperform Bitcoin over time while managing volatility through bull and bear markets 05:41 - Balance sheet resilience and why debt risk is low 06:50 - Strategy’s long-term Bitcoin commitment: “We’re not going anywhere” 07:04 - Bitcoin is bigger than Strategy: 4% ownership, $30–40B of daily volume, and bitcoin sales that did not move the market 08:46 - Software, AI, Bitcoin, and the maturity of a 25-year public company operating inside digital finance

English
12
9
126
5.9K
BTC Optioneer
BTC Optioneer@BTCoptioneer·
Do you regret not selling $MSTR when it hit $540 in 2024?
English
27
1
45
3K
jacob retweetledi
Peter Schiff
Peter Schiff@PeterSchiff·
@Mightyf00l @saylor By not sellling Bitcoin Saylor is proving that he can't sell Bitcoin without crashing the market. That admission alone should crash the market.
English
18
5
66
4.4K
Vivek Sen
Vivek Sen@Vivek4real_·
ANYONE WHO THINKS MICHAEL SAYLOR IS JUST SOME MANIAC WHO TAKES OUT DEBT TO BUY BITCOIN NEEDS TO WATCH THIS INTERVIEW. THIS IS ONE OF THE MOST SOUND AND RATIONAL EXPLANATIONS FOR WHY SAYLOR IS GOING SO HARD AND SO FAST INTO BITCOIN. GREAT LISTEN.
English
24
54
359
20.9K
jacob retweetledi
CryptoJack
CryptoJack@cryptojack·
🇺🇸 The U.S. Government Is Selling Again! The U.S. government wallet has deposited 5,939 ETH (worth approximately $11.15 million) to Coinbase Prime.
CryptoJack tweet media
English
32
11
61
5.1K
Rho Rider
Rho Rider@RhoRider·
A lot of $MSTR shareholders are calling for Saylor to buy back the preferreds and get rid of the convertible debt But the only reason MSTR traded > 1 mNAV is it had “leverage”…ie ability to use debt to acquire more $BTC. If he can no longer buy Bitcoin with debt or preferreds, there’s no leverage, and no reason for MNAV expansion if Bitcoin rises. Without the debt + preferreds, $MSTR is just a really shitty Bitcoin ETF with horribly inefficient arbitrage, weighed down by a negative cash flowing software business & corporate expenses
Rho Rider@RhoRider

You heard it, their goal is no longer to make decisions to benefit $MSTR shareholders…but rather sacrifice them to return the $STRC ponzi preferred to par So far he is succeeding at sacrificing shareholders while failing to return STRC to par

English
11
3
33
1.9K
The Bitcoin Way
The Bitcoin Way@Thebitcoinway_·
Want to radically improve your life for the better? Learn #Bitcoin
English
2
9
35
1.3K
Miller Cole
Miller Cole@medc3005·
A good post. Currently everyone is stuck in this argument about whether $MSTR should buy back $STRC or not. $STRC spread vs BTC price still shows r=-0.84, with BTC explaining ~71% of the variation. Most price action is pure Bitcoin sentiment. Company moves like buybacks or dividend tweaks are important but only explain the other ~29%. Important for perspective.
Thomas Perfumo, CFA | thomasp.eth 🐒@ThomasPerfumo

Time to dust off the $STRC relationship with $BTC price with some recent data. (1) The correlation between $STRC's implied yield premium versus Bitcoin price is still very strong (-0.84x). (2) "Fair value" based on the regression is closer to ~$97 based on the current 12% coupon rate. (3) From a trading perspective, $MSTR's decision to declare dividends through August 15th (rather than through July 31st) implies any incremental upside on a potential coupon rate hike is likely 4 weeks away. My gut says July will prove fairly volatile. We have earnings season kicking off, US FOMC rate decision (27% expectation of a hike), CLARITY Act headlines, and more likely than not a depressed common equity fundraising period given where their USD reserve stands right now. I think $BTC needs to trade up to $67K to $70K on sustained optimism for $STRC to return to par absent additional interventions by $MSTR.

English
2
2
20
1.8K
Bitcoin Well
Bitcoin Well@bitcoinwell·
"You can avoid reality, but you cannot avoid the consequences of avoiding reality." Ayn Rand wrote that. She could have been describing fiat money. For fifty years the plan has been to avoid reality. Spend more than you collect, borrow the difference, print whatever's left. Every year the bill comes due, and every year the answer is to push it forward with more of the same. Bitcoin doesn't let you avoid reality. There's no printer to paper over a bad quarter, no committee to vote yourself out of a shortfall. You hold exactly what you hold. Sound money isn't a restriction. It's reality, finally kept on the books. — Zach 🧙‍♂️
Bitcoin Well tweet media
English
2
5
9
647

Keşfet

@jam_croissant @NeilJacobs @zaidlikesmstr @Strategy @phongle @BTC_JEDI21 @BTCoptioneer @Mightyf00l