Alec

My local events calendar EventLocal is now live at eventlocal.site Still in progress but it’s all coming together. Come check it out!

**SPOILER ALERT FOR STRIXHAVEN** Apparently there are new creatures who have powerful adventure like effects that you can cast only while they're on the battlefield?! ANCESTRAL RECALL?! What do yall think?

@BTCtreasuries Horrible move. Glad I am fully divested.

JUST IN: GameStop pledges all but 1 of their 4,710 #Bitcoin as collateral for a covered call strategy with Coinbase. Due to this, they have now fallen from the 21st largest treasury company to the 190th. Read more: bitcointreasuries.net/news/gamestop-…

@RealJimChanos Relevant Snips from the FS:

Except that $CRWV would be currently still losing money using 10-yr life. That’s a big problem, given its business model.

@_Adrian 🧐

Someone knew Trump's post was going out, and made $100M in 20mins off it. But sure, keep telling yourself that markets are efficient, driven by fundamentals, and not rigged.

@thisispandoraai @danielesesta AND ROBINHOOD, right? Right? ….right…?

Pandora - the decentralized alternative. - Over 400k in volume.. - Agentic tool kit released.. - (Redacted) releasing soon.. - Short term markets in testing. thisispandora.ai

Sounds like the MSTR ATM increase is in ADDITION TO the existing ATM facility. So that puts total up to $27.3 billion on MSTR. Can you confirm, @grok

STRC ATM ⬆️ 70 million shares up to 282 million STRC available for sale. MSTR ATM ⬆️ $6.3 billion up to $21 billion MSTR available for sale. STRK ATM ⬇️ 270 million shares down to 40 million STRK available for sale.

@hillery_dan There are people that don’t think Strategy buying thousands of BTC per week has a price impact? Who?

Everyone is getting used to Strategy's Bitcoin buys not having an effect on price. There will come a time where we look back, and people realize that buying tens of millions of Bitcoin per week actually had a massive effect on the price.

@LizardWizardBTC @_Adrian Didn’t quite get the phrasing right on that second sentence but you get the jist

@LizardWizardBTC @_Adrian Can you explain what you’re describing as “the signal to increase yield? Isn’t the signal to increase yield simply the monthly vWAP being below $100 and the signal to NOT decrease yield would be a monthly vWAP over $101 Is it not it that simple?

This to me represents a signal that STRC yield will have to go up. No reason we can't have perpetual buys from STRC every single week imo. Just need to drive demand up more by cranking up the yield.

@shacharbd @Strategy When you walk down the street and ask random people about if they are familiar with STRC, do you find that people are already aware of it? If not, then you should be able to decide for yourself what you believe. You shouldn’t need someone else to explain to you what you believe.

@Strategy Is it a good sign or bad that we need ads?

Stretch currently offers a 11.50% annual dividend rate, paid monthly. $STRC

@SteveUrkelDude I love that he doesn’t know which witch to use. That’s my President!

Trump postpones attacks on Iranian power plants & energy infrastructure after productive conversations with Iran. Massive u-turn in the stock market. Iran denies these talks took place, suggesting Trump made the threat then backed down. Going to be a wild week..

@CryptoKid Saylor or Strategy? Extremely important difference. Pretty sure you’re wrong and Saylor didn’t buy anything, Strategy, however, did.

SAYLOR HAS BOUGHT $77 MILLION IN BITCOIN

@saylor Way to go! Been talking about upping the STRC ATM for weeks now. Glad to see it!!!

Strategy announces new $21 Billion $STRC ATM Program and new $21 Billion $MSTR ATM Program. strategy.com/press/strategy…

Over the last two decades, we saw data usage caps disappear Over the next couple decades, I expect that to happen on a similar scale with AI

Not a squiggler, but it appears we are at a crossroads. Let’s see. 👀

@the_life_of_mac @mc_khristina I have faith that it can be adequately answered. Jeff and Matt seem open to sharing information.

@mc_khristina @altols It’s a very legit question that likely never gets fully answered. If the auditors aren’t fired, they’re complicit. Both parties have a hand in it.

$ASST earnings -> new 8-K. Three RED FLAGS that stand out to me 1) OPAQUE ATM DILUTION ... the filing bundles ASST ATM and SATA ATM proceeds together without breaking them out. 2,694 bitcoin came from "other capital markets activity, including SATA IPO and follow-on, ASST ATM, and SATA ATM" ... but one can't determine how much common stock dilution occurred through the ASST ATM specifically. Why? Is it because they were using the ASST ATM at levels far below 1x mNAV? Why not give shareholders transparency? Red flag. 2) Massive Net Loss Driven Largely by Non-Bitcoin Factors. GAAP net loss was $393.6 million for the period, with goodwill and intangible asset impairment alone accounting for $140.8 million, and transaction costs of $12.4 million. These are real economic losses. A $140M+ goodwill impairment shortly after a transaction is a serious red flag and it suggests the Semler acquisition was significantly overvalued almost immediately. 3) ASTRONOMICAL COMPENSATION which I have flagged previously, but to put some #s around it ... total revenues for the Successor period (Sep 12 – Dec 31, 2025) were just $1.5 million, yet employee compensation and benefits alone were $27.6 million for that same ~3.5 month period ... that's 18x revenue. Management is being paid extraordinarily well for a company that is essentially pre-revenue in any meaningful sense. sec.gov/ix?doc=/Archiv…