Loranger93

@AdamBLiv disagree. aggressive dilution with mnav at 0.8 is very concerning. sold 80% of my MSTR after 2 years of holding yesterday.

This is the best entry point I've ever seen for MSTR. mNAV is 1.03. For just 3% premium, you can buy 26% amplified Bitcoin exposure AND have giga-chad Saylor increase your Bitcoin exposure over time with Bitcoin yield increase. ATM for STRC about to FIRE all week, leading to a potentially big Bitcoin buy next week. This is why I bought more this morning. No brainer.

@PunterJeff hi Jeff, thanks for a long post. do you have any reasonable explanation why strategy is selling the stock below 0.8 mnav?

$MSTR released a flash FULL YEAR financial 8k today. Lots to unpack here. Here are several takeaways that most missed + some of my thoughts. (Long post warning) A 🧵 Period: Dec 29th - Dec 31st 1. Strategy issued 1,255,911 shares of common stock, raising $195.9M 2. Two and a half days of trading (17.5 hours, 1,050 minutes), around a holiday where hardly anyone in the capital markets are working. They raised $186,571 EVERY SINGLE MINUTE that the market was open in that window. - While most were out taking down Christmas decorations, and loading up on leftover peanut butter balls, $MSTR was raising capital amidst algo computer liquidity, RELENTLESSLY. 3. USE OF PROCEEDS: Every single preferred instrument had a dividend payable on the 31st. This amounted to roughly $144M. - So, in a low volume trading environment, after the equity has been hammered all year, during a holiday, over a shortened period, $MSTR raised enough capital to pay an entire quarter's worth of dividends on ALL of the instruments in 772 trading minutes. - The LEFTOVER capital raised (~$52M) was added to the USD reserve coffers, which will support future preferred issuance. 4. Increased USD reserve by ~$52M Period: Jan 1st - Jan 4th (1 trading day Jan 2) 1. Strategy issued 735,000 shares of common stock, raising $116.3M. 2. 1 day of trading. $298,205 raised per minute of trading on January 2nd. (60% greater than the EOY 2 day period). 3. USE OF PROCEEDS: 1,283 BTC purchased. - If this single day were a company, it would be the 46th largest publicly traded BTC treasury company. - 285% of the daily newly minted supply of BTC (450 BTC) Q4 2025 Financial Update: for 2025: -$5.4B in unrealized loss for the year +$1.55B in deferred tax asset Q4 results: -$17.44B in unrealized loss for the year (ouch, worst on record... but in fiat...) +$5.01B in deferred tax asset End the year with $2.25B in USD reserve (a whopping 32 months of USD dividend coverage, 2.7 years worth of dividends in reserve). Recent Low IQ takes & ponzi FUD bot sentiment: "This is "dangerous" and unsustainable. Once the price goes below cost basis Saylor will be liquidated. Once mNAV goes below 1, there's no reason to own it. ATM is killing the stock. There's ZERO demand for the prefs." list goes on... Truly astonishing. The Bewilderment will intensify. Long-term low time preference Bitcoiner thoughts: 1. Beginning of 2025, $MSTR incurred a cumulative effect increase in net retained earnings of $12.74 BILLION (as a result of adopting FASB fair value accounting). Ok, so balance sheet in 2025 is down $5.4B in fiat terms, but increased 50% YOY in Bitcoin terms (447k BTC > 672k BTC). Seems like a super crappy Fiat denominated year, but stellar BTC denominated year to me, as a long term BTC bull, this is exactly why I own the stock in the first place, and have not sold. 3. Since inception of BTC Strategy, $MSTR is net positive $7.3 Billion, while accumulating 3.2% of the scarcest computer network on the planet... - Now throughout 2026, every $1,000 BTC goes up > $87,500, $MSTR "earns" $673 million in unrealized net income. As of Jan 5, and BTC at $93,500, $MSTR is sitting on $4.04B of unrealized net income... - At ATH's ($126k), $MSTR would be +$25.2B for fiscal year 2026. - At $150k, $MSTR would be + $42B... 4. How has BTC exposure per share changed in 2025? (or shares per Bitcoin h/t @Z06Z07) - beginning of 2025: 158,826 SATS / share (630 shares per Bitcoin) - end of 2025: 194,985 SATS / share (511 shares per Bitcoin) RESULTS in a ~23% increase in Bitcoin exposure per share (BTC yield), while balance sheet increased in total BTC held by 50% in 2025. Stellar year if you denominate your portfolio in BTC exposure 5. Balance sheet is healthy, Bitcoin is healthy, Digital Credit / Prefs are in their first full year, BTC exposure per share is up substantially, sentiment is disconnected from reality, risk is mispriced, globally. 6. Strategy will likely have the largest balance sheet on the planet, and they'll be the largest public company in the world, by a wide margin. There will likely be a gap between #1 and #2 top pubco's in the trillions of dollars 7. Digital Credit will eat the fixed income market as it matures, and the pension / insurance world begin to digest them. Digital credit is the life raft for them. They'll never buy BTC. So many things to be bullish about here in 2026. True North will also be back for first episode of 2026 this Wednesday (Jan 7) @tnorth. Looking forward to hitting the ground running with the crew.

$JUP doesn’t need buybacks❗️ It needs to stop being optional‼️ @JupiterExchange is one of the most profitable DeFi businesses on Earth yet holding $JUP is economically irrelevant. That’s the problem. A 20× in 2026 doesn’t come from vibes, optics, or $100M buybacks. It comes from forcing demand + killing inflation + owning the Solana narrative. Here’s the only path that works: ⚙️ MAKE JUP MANDATORY • Fee discounts only for staked JUP • Perps, swaps, DCA, launchpad all gated • Serious traders must stake, not speculate 💵 REAL YIELD (NOT JUP YIELD) • 25–40% of protocol revenue • Paid in USDC • Requires 6–12 month lockups → JUP becomes a productive asset, not a governance ornament 🧱 JUP = BALANCE-SHEET CAPITAL • Accepted as collateral across Solana DeFi • Borrowable, margin-eligible, perp collateral → JUP becomes infrastructure, not a vote token 🔥 KILL NET INFLATION • End fixed emissions • Tie rewards to revenue • Team unlocks auto-stake • Small, permanent fee burns 📈 OWN THE NARRATIVE Not “governance token” Not “DEX aggregator” JUP = the financial operating system of Solana If Solana grows → JUP captures value by default. Buybacks tried to fight physics. This redesign changes the laws. Jupiter already won the product war. Now it needs to win the token design war. @sssionggg

@OccamiCrypto @saylor why are they doing this dilution for two weeks in a raw? i dont believe they dont understand how to calculate mnav.

If this a single chart that shows $MSTR model struggling - @saylor issued $3.2B of $MSTR in the last three weeks at no “mNAV” premium (at a discount to market cap). Last time $MSTR issued that much stock in a three week period, mNAV was well above 2.

@JupiterExchange will you add support of ledger for this feature?

$1M up for grabs on Jupiter Rewards Hub 💰 Trade, refer, reveal, and win! TRADE TO EARN > Earn Cards automatically when you swap eligible Spot pairs on Jupiter (web, wallet, or mobile) REFER TO EARN > Refer friends and earn Cards from their trading activity > Eligible volume and Card balances update hourly REVEAL CARDS > Collect across 5 rarity tiers, rarer Cards unlock bigger rewards Track your total earnings, Cards earned, and rank on the leaderboard. The $1M campaign runs until Feb 1, so start trading and referring now!

@cloudz thats very bearish😕😕 sad! but at least he admits it is his fault

Founder of Jupiter Exchange speaks on how they will revive the $JUP token

@sol_nxxn dtf is a failure! i am seriously considering selling all the jup after keeping everything stacked since day1...

Jupiter is doing a lot for $JUP stakers: - DTF launches with staker allocation - JUPuary stakers allocation increased to 60M - Big token burns, maybe more coming But the token is still near ATL, do you think this will help $JUP recover? 🤔

@naneksun @JupiterExchange @humidifi 100% unfair

@JupiterExchange @humidifi Did you use Jupiter? ✅ Are you staking Jup? ✅ Are you a long term supporter? ✅ Did you play fair? ✅ Did you get wet? ❌

good news: the $WET presale was very hyped and a lot of people wanted to get in. bad news: just a few botters were able to use bundled txns to snipe a substantial amount of the supply in seconds. good news: after discussing with the @humidifi team, we're going to find a solution to ensure a more equitable distribution details coming soon, stay tuned.

@JupiterExchange @humidifi terrible launch, not being able to get anything with jup stacked since day 1, never unstaking and always adding to my stake.. why not reduce allocation as you done with huma, i would be happy getting less, but at least getting something and not fighting the snipers!

Stretch your income. $STRC

$STRC rate stretched to 10.50%. For those who like money.

Strategy announces Q3 2025 results & reaffirms 2025 guidance. Q3 results: $3.9B Operating Income, $2.8B Net Income, $8.42 Diluted EPS FY2025 guidance: $34B Operating Income, $20B BTC $ Gain strategy.com/press/strategy…

In my discussion yesterday at @Money2020 with @ScottMelker, I explained why Digital Credit instruments like $STRK, $STRF, $STRD, $STRC are 2–4x more efficient than Traditional Credit — and how Strategy has become the world’s most scalable, tax-efficient generator of fixed income.

@humidifi y

Who wants discord?

Join us on Thursday, Oct 30, at 5 PM ET for our Q3 earnings call. We’ll discuss our Q3 financial results, capital markets activities, and digital credit innovations. We will also host a live Q&A — guests to be announced soon!

Strive has acquired 72 BTC for ~$8.26 million at ~$114,304 per bitcoin, financed exclusively through the exercise of traditional warrants. As of 10/28/2025, we hodl 5,958 BTC. $ASST

Strategy has acquired 390 BTC for ~$43.4 million at ~$111,053 per bitcoin and has achieved BTC Yield of 26.0% YTD 2025. As of 10/26/2025, we hodl 640,808 $BTC acquired for ~$47.44 billion at ~$74,032 per bitcoin. $MSTR $STRC $STRK $STRF $STRD strategy.com/press/strategy…

$ASST #2 trending on Reddit #5 trending on Yahoo! Finance Bitcoin already gapping up ahead of futures, and we know $ASST owns $1.3B worth of BTC Might be time to double down tomorrow @mikealfred

It's Orange Dot Day.

$ASST billionaire Kenneth Griffin also buys over $1.2 million of $ASST . The richer always gets richer! It now our turn to stake claim of $ASST to the moon! Let's go legends ✨️