Dan Oksnevad | Trollstein

I'm proud to announce I've started as Director of Digital Strategy at @Strive. I'm honored to be working with @ColeMacro @PunterJeff @Werkman and the team to build Strive into one of the world's largest Bitcoin treasuries and @MSTRTrueNorth into the leading Bitcoin media company. And yes, Trollstein now has my name & profile pic attached. Same account, same takes, just time to build publicly. Let's go! $ASST $SATA

@benschmidtbtc @TheBTCTherapist for BTC @SawyerMerritt for TSLA

where did all the BREAKING tweets go?

@Mr_Derivatives Happy triple witching eve, to you, if you celebrate.

$SPX March 19th 2025: Down ~7% from ATH's. Down 3.5% YTD. Trading below the 50dma. Trading below the 200dma. $SPX March 19th 2026: Down ~6% from ATH's. Down 3.5% YTD. Trading below the 50dma. Trading below the 200dma. Simulation much?!

@Z06Z07 @saylor

The key counterintuitive point about $MSTR and $STRC. Hey @saylor do you concur?

@ToxicBTC21M We need to educate the world about digital credit!

Coming Soon...It's a Mission!

@_J64_ No doubt

@Trollstein Digital credit satellite.

coming soon...

@Trollstein Looking forward to the 24/7 broadcast in the future

@Trollstein 👀

@MSTRTrueNorth: @PunterJeff @Werkman @hillery_dan @Z06Z07 @nithusezni @_Adrian @MasonFoard @TimKotzman @Trollstein @_J64_ @thebitcoingal 👀

@BitPaine Have to say I like $444K more than $205K

babe, wake up: a new josh mandell just dropped

@Strategy 🔥🔥🔥

$STRC has grown to $5 billion in a bitcoin bear market. Are you prepared for what comes next?

Waiting For The World To Catch Up | True North Podcast | Ep. 59 x.com/i/broadcasts/1…

but there is enough digital credit for everyone.

@BitcoinPowerLaw @Strive @ColeMacro @PunterJeff @Werkman @BitcoinForCorps 🔥 🔥 🔥

@Strive is the best performing pure play Bitcoin treasury stock in the last 30 days. @ColeMacro @PunterJeff @Werkman @BitcoinForCorps 💪🏆 Full list: mnav.com/?sort=priceCha…

@_Adrian @etrade @MorganStanley @saylor @phongle @Strategy 🐜 🐜 🐜

@Trollstein @etrade @MorganStanley @saylor @phongle @Strategy What is this? Yield for ants?!

Morgan Stanley Private Bank is currently advertising 3.75% APY for 6 months on a new Premium Savings Account and CD rates up to 4.10% APY. Bewilderment continues to intensify...

@hope_currencies Bewilderment is intensifying.

hopeGBP is a Money Market + fund with a 10% allocation to $STRC. As of this morning, STRC is now contributing only 0.15% annualised vol to the portfolio with a 1.15% yield contribution. That means STRC is now beating many of our "best in class" money market funds on a volatility basis, with 4x the yield... Check out our hopeGBP vs Money Market comparison table for yourself hopemoney.uk $SATA and @Strive we look forward to welcoming you soon🤝 *Note we scrape end of day so these are yesterdays figures, tomorrow we should be mid pack in vol terms with a 70+bps yield uplift.

And what do y’all think happens ~April 2028 @ the next halving… 🤯

@Z06Z07 @Strategy You’re bullish! I’m bullish! We’re all bullish!

I'm bullish on $MSTR -> + $STRC Successful ATM - needs to go to $10B+ + MSTR amplification due to STRC + MSTR Price action - hit $150 and above 50DMA + MSTR / $IBIT ratio trending up + Bitcoin bottom looks in at $60k and above 50DMA + New Fed Chair and bad news priced in

@AdamBLiv TL;DR: Facts don’t care about your feelings. Bears are for building. Bulls are for winning. We’re going higher.

I have some thoughts on the Metaplanet raise + shareholder response: These retail Metaplanet holders scream for capital raises only at sky-high premiums (3x+ mNAV during BTC euphoria phases), yet when Bitcoin corrects 45-50% - precisely the window where the company must opportunistically issue equity to keep stacking sats.... ...they pivot to pearl-clutching over "terrible terms." The March 16 private placement ($255M at a mere 2% premium + warrants for another ~$276M, total ~$531M war chest) triggered the outrage precisely because it arrived amid the drawdown. They refuse to wait through the cycle for the next premium-rich window, but demand the company magically time raises to avoid any dilution pain. That's wanting to eat the flywheel's upside without swallowing a single rotation of its downside. This is the same cognitive trap that plagued Strategy critics for years. Saylor was relentlessly roasted for "buying every top" and refusing to chase dips aggressively, because the old toolkit (straight equity, convertibles) forced raises when markets were open, not when BTC was cheapest. The result was consistent accumulation, but never the hyper-aggressive dip-scooping people claimed they wanted. Only literally two weeks ago, with the scaling of STRC did Strategy finally gain the structural flexibility to hammer dips harder. That tool didn't exist before and the flywheel was always volatile by design. Capital raising terms will suck during corrections (more shares issued per BTC bought) and they will become god-tier during rallies (leverage on the balance sheet explodes the mNAV premium, compounding BTC-per-share at rates no static holder can match). Exactly the same dynamic is playing out at Metaplanet. Issuing equity at a 1% premium to buy Bitcoin right now is logically optimal even if the terms feel "sucky" on paper, because Bitcoin at deep correction prices is still profoundly undervalued on a multi-year view, and sitting on cash earns you nothing while the window closes. The alternative (waiting forever for 3x premiums) means you raise less overall, buy fewer sats during the very periods when forward returns are highest, and let the balance sheet atrophy. I commend ACTION during this dip over paralysis. Conversely, when BTC rips and the stock premium expands, the same leverage that felt punitive on the way down becomes rocket fuel. Each new dollar of capital buys BTC that then drives mNAV higher, attracting more capital at better terms, ad infinitum. That's the entire flywheel. It is definitionally volatile. Premiums compress in corrections (terms suck) and expand in expansions (terms print). Shareholders who demand raises exclusively at peak premiums while refusing to endure the -45% phases are essentially asking management to violate the cycle itself - to raise only in the green and hide during the red. That's not how compounding BTC exposure works. It's how you stay small and irrelevant. The math is merciless. If you only ever raise at "excellent terms," you never scale through full cycles. If you complain every time terms are merely "logical" (1% premium equity for BTC when the alternative is zero BTC), you reveal you never understood the strategy in the first place. Saylor's pre-STRC era proved the point. Metaplanet's current raise is proving it again. The patient capital that accepts the full volatility arc wins on net BTC-per-share growth. The rest are shareholders who never wanted to be flywheel participants - they were tourists who mistook a leveraged BTC accumulator for a stablecoin ETF. End of story. This is just proof that a lot of people cannot handle the VOLATILITY SUPER DRAGON that is Metaplanet. If you can't comfortably hold it for at least a year, you probably can't hold it for 4 years. Either diamond-hand the rotations or step off the ride. The engine doesn't negotiate with feelings.