Bitcoin Pilgrims

@ZynxBTC He probably also knows there is a point where strategy could own too much of the network. Competition at an institutional level is a necessity

Saylor himself is ultra bullish on $ASST and it makes complete sense. It is in Strategy's best interest to have as many companies as possible perpetually bidding for Bitcoin alongside them. More buyers = tighter supply = higher price. Everyone wins.

@ZynxBTC @RoaringRagnar I think the first sale of bitcoin will be directly accompanied with an even bigger purchase of bitcoin.

@RoaringRagnar What are you betting on? I really wouldn't be surprised if it's option 2.

For those wondering where the $1.5 billion for the 2029 convertible note repurchase will come from, I suspect one of three sources. 1) The USD reserve, which currently holds $2.25 billion. 2) The sale of Bitcoin, as Saylor mentioned to inoculate the market against the ponzi narrative. 3) The $MSTR ATM.

@liamcsc You’re probably not even from Glasgow

It could be like this every season but fans of the smaller clubs only bother turning up when they think they're going to win something. No reason Tynecastle & other grounds couldn't be like this all the time if their fans were a little more passionate & committed.

@Croesus_BTC @asjwebley @smarterwebuk It’s also rewarding the presence of a perpetual preferred equity IMO

The market is rewarding responsible leverage for Bitcoin treasury companies. - Strive has 41% amplification and trades at a 1.33x mNAV. - Strategy has 33% amplification and trades at a 1.27x mNAV. Just over a month ago @smarterwebuk had ~0% leverage and traded at ~0.7x mNAV. Since then, we've added 10.5% leverage and now trade around ~1.0x mNAV. We believe the market is saying that investors want responsible leverage from Bitcoin treasury companies. This can be achieved via traditional leverage to a certain point, and beyond via preferred equity structures (which remove liquidation risk from the equation). The math is simple but perhaps not well understood. Let's take the example of 40% amplification. A BTCTC issues obligations, uses the proceeds to buy BTC, and at Day 0... Net Asset Value is unchanged (because newly acquired Bitcoin assets are offset by obligations). But then if Bitcoin increases 100% in value... what happens? The fiat obligations remain flat. But the Bitcoin assets have doubled in value. In other words, it now only takes half of the BTC acquired via obligation issuance to cover those obligations. The remaining half? Well that value accrues to equity holders. 40% amplification has shrunk to 20% amplification. Meanwhile, equity holders have increased their NET Bitcoin-per-share by 33%. That's the potential of levered Bitcoin upside. (And this doesn't factor in the potential to increase Bitcoin per share via accretive equity issuance in parallel, or the impact of re-balancing amplification to repeat the process. Example also ignores cost of capital.) So when I see Strive trading at 1.33x mNAV with 41% amplification, I think the market is being rational (if not conservative) by pricing in an expectation of Bitcoin increasing in value by 100% and Strive's existing amplification playing out. Anything more is bonus. At the end of the day, a Bitcoin treasury company represents a vehicle with access to lower cost of capital and more attractive financing terms than individuals can obtain. And the market seems to be rewarding the companies that lean into that potential.

@KumujJain @WatcherGuru Google is an early investor and one of space x largest shareholders

@WatcherGuru Google x spaceX was not on my 2026 bingo card

JUST IN: Google $GOOGL in talks with Elon Musk's SpaceX to launch data centers in space.

@ClarksonsFarm1 Rachel Reeves will be reading this thinking of the inheritance tax

After 82 years, Merle Pearson has milked his cows for the last time. He started milking cows at just five years old. Twenty-one years later, he bought his own farm. 🚜🌾 He began by carrying buckets and straining milk himself before installing a pipeline and adding stalls. He kept those 52 stalls full for the last 45 years.🥛🐄 Enjoy your retirement Merle!🍻

@Mayhem4Markets Meta is a scam. Companies paying to advertise to fake interactions from bots

$META lost more than 20 million users last quarter, registering its first daily active users drop in years. This as the company ramps up AI spend to a point that it will see free cash flow go negative. No wonder the market is a bit disappointed.

@13F_Pro @jimcramer Hard to trust after the metaverse

@jimcramer Meta's capex guidance was vague on ROI timeline. Competitors (Nvidia, TSMC, AMD supply chains) got specific on when the spend converts to revenue. Meta's basically asking investors to trust the process. That's a hard sell when the stock's already at an 83 rati

Meta did not offer enough reasons to spend the way the other companies did. They just told us that they could do better with it. Hence the decline tonight.

@StocksOnSpaces Change Meta is 💩

@DrMaximus_NYC Talking of invaders from 8000 miles away… You do realise Argentina was literally founded as a Spanish colony?

This is how the leftists rewrite history in front of our eyes. The Falklands were invaded by people 8000 miles away in 1833 and now somehow they’re the owners

@JamesMelville Let’s ban mobiles and give them a bigger version 🤡

Scotland: 🏴󠁧󠁢󠁳󠁣󠁴󠁿 Fife Council are giving every schoolchild in Fife their own iPad. It is costing the tax payer £50 million.

@MarioNawfal Starmer didn’t only give it up. He paid them to take it back.

🇺🇸🇬🇧🇪🇸 The Trump Admin is weighing its options regarding NATO members they feel did not adequately support the U.S. during the war. Options could include suspending Spain from NATO or reassessing U.S. support for “imperial possessions,” such as the Falkland Islands (UK). But given Keir Starmer’s recent attempts to just give away the Chagos Islands, that one may not be an effective punishment 😂 Source: Reuters

@TheSecretAcct This is why we Bitcoin Fixed supply of 21M The money you exchange your time and labour for shouldn’t be able to be printed by others

Back in 1983 it had the equivalent punching power of circa £4. Ie its lost 75% of its value.

@GrantCardone A lack of it will make you unhappy

Money doesn’t buy happiness, but…. (Finish what I’m thinking for $500….)

@sunny051488 @saylor @naija_bitcoin By end of May at this rate 👀

@saylor @naija_bitcoin Excellent. Rooting for you to hit 1M by year end. All whales must sell.

Strategy has acquired 34,164 BTC for ~$2.54 billion at ~$74,395 per bitcoin and has achieved BTC Yield of 9.5% YTD 2026. As of 4/19/2026, we hodl 815,061 $BTC acquired for ~$61.56 billion at ~$75,527 per bitcoin. $MSTR $STRC strategy.com/press/strategy…

@jackmallers @ten31funds That empty wardrobe you have is going to be filled up in no time brother

@CasinoCapital If it’s your first commercial property you are going to get a shock with the levels of extortion via business rates from CoE council aka the mafia. You don’t even get so much as your bins picked up for it

Almost tempted to buy a church 🤔 17,000sqft in the middle of Edinburgh for £750k Looks in good condition...gotta be something interesting you could do with it? rightmove.co.uk/properties/174…

@BitPaine Tbf he said 20-30% chance bottom might be May

it’s not a bull market until Ben Cowen starts crying

@farzyness So communism. UBI might be needed but the government owning you shouldn’t be celebrated

I couldn't agree more - and something that is so abundantly obvious the more you think about it. AI - both physical and digital - plummets the cost of labor. It starts with the digital realm - basically white collar work. This will look like AI agents that can do the job of a human at a fraction of the cost, in a fraction of the time, multiple times faster. Over time, it will transition to humanoid robots that will do the same, but in the physical world. Yes - there will be people that will take these tools and build incredible businesses with them - but the number of people that will do this will be VASTLY SMALLER than the number of people who don't - or simply can't - in the short to medium term. That means that many people will become economically unfeasible in the current landscape of work as we transition from a pre-AI world to a post-AI world. This is because humans CANNOT COMPETE AGAINST ROBOTS WHEN IT COMES TO LABOR. Robots - digital and physical - never get tired, execute at an extremely high level, work multiple times faster, and because of AI, learn faster than any human ever could. The ONLY WAY to transition to a post-AI world without civilizational collapse - aka mass unrest and riots due to a ridiculously widening wealth gap - is by giving people TIME to adjust to the new world. The most sensible & efficient way to do this is with UBI (or UHI as Elon calls it) - either in the form of a negative income tax (you get paid if you make below a certain income) or through UBI that is not means tested (you get a check in the mail regardless of how much money you make). And it can't be some crappy amount either - we're talking tens of thousands of dollars a year. Basically unemployment benefits++ for an extended period of time. There's literally no other way to transition cleanly. Otherwise you're going to have mass unemployment on one side for people who do not have the ability to deploy AI to do their bidding, and a gigantic accrual of wealth on the other side for people who can. The rich will literally get richer, and the poor will literally get poorer - unless the government steps in and evens out the playing field - or at the very least prevents the floor from falling out from underneath us all - until we make it out on the other side.

@elonmusk Sounds like communism

Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.