Notorious

@phongle This is the fate of STRC. Towards zero.

Good morning. $STRC payday.

@RhoRider Just like the Turkish ice cream guys make the cones vanish, thats what Saylor will do to retail investors money.

⚠️ No $MSTR Bitcoin buy last week for the first time since November, but shareholders do get this gem from Saylor to give them confidence

@iAlterLivesNiga @comic Lmfao....give me whatever you're smoking

@comic I own $MTPLF for their hospitality business. That one hotel they own in Japan is a cash cow

$NAKA also sold $11m worth of $MTPLF stock in q1

@frizzaud @udiWertheimer @saylor he already cashed out hundreds of millions in MSTR

@udiWertheimer @saylor he will never make money on BTC and that is ironic

strategy holds $50 billion worth of btc the problem: it's not really worth $50B if @saylor ever tries to sell, he'll get no more than $20B for it. probably less every additional dollar he puts into btc from now on is lost forever. he already has more btc than he can ever sell

@comic @ChrisMMillas @jackmallers @twentyone He didnt even buy any. Giancarlo sent to his shell company led by his puppet leader

@ChrisMMillas @jackmallers @twentyone $XXI - $87,000

Bitcoin Treasury Company Cost Basis — Strategy: $75,699 — Metaplanet: $107,716 — Strive: $102,848 — Capital B: $106,856 — Smarter Web Company: $110,759

@WuBlockchain David Bailey is a mega scammer. You can't brag about making hundreds of millions that quickly without rug pulling.

Bitcoin treasury company Nakamoto Inc. (NASDAQ: NAKA) disclosed in its 10-K filed on March 30, 2026, that it sold approximately 284 BTC in March for about $20 million, with an average selling price of around $70,422 per BTC. In 2025, the company net purchased 5,342 BTC with a total cost basis of approximately $631.39 million, at a weighted average purchase price of about $118,171 per BTC.

@AggrNews Hahahhaahahahhaahah

DAVID BAILEY'S "NAKAMOTO" DAT REPORTS $20M BTC SALE AT $70,422, BELOW $118,171 AVG COST: FILING

@itsD4O @Pledditor If you bought the top you did

@Pledditor At least people didn't lose 100% of their money on $NAKA

I wonder who did the rugging?

@justinsuntron Keek!

Keek going

@BullTheoryio Everyone, everywhere will know the name, Nakamoto.

Bitcoin Treasury Company "Nakamoto" is down -99.34% from its peak, erasing over $23.3 billion from its market cap. If you invested $100,000 in $NAKA last year, today it would be worth $600.

@lordjorx And then you get rugged and lose all your collateral. Thanks for playing.

Farming with borrowed money is my entire strategy. I'm roughly 60% deployed right now, with a chunk of capital still locked in presales... Everything else follows one loop: hold assets, borrow against them cheaply, and farm the difference. On the borrowing side, I use three sources: > @aave : I deposit ETH, BTC, and AAVE tokens as collateral and borrow USDe at around 2% interest. > @protocol_fx : I post BTC and ETH as collateral to mint fxUSD. Cheapest CDP in the whole market. > @Morpho : I hold kHYPE and borrow against it there. A bit expensive. All the borrowed stablecoins go to yield farming through @StakeDAOHQ and @ConvexFinance. But the selection process is more methodical than people assume. I follow three steps every time: 1) Filter on @DefiLlama : I look for stablecoin pools with the most stable APY. Low standard deviation matters more to me than a high number. 2) Due diligence on @PharosWatch : I check each stablecoin's depeg history, collateral backing, and protocol risk. If it doesn't pass, I skip it regardless of yield. 3) Activate Telegram alerts on Pharos: I set real-time notifications so I know immediately if anything changes with the stablecoins or pools I'm in. Some alerts are noise. I'm in a pmUSD pool and Pharos constantly flags depeg events. When I check the actual Curve pool and try to arbitrage, there's nothing there. I'm also accumulating CVX and farming it through @asymmetryfin, but I won't share numbers until I have enough time in the position to say something meaningful. Borrow cheap, farm stable and verify everything.

@comic When delisting?

$NAKA from $30 to $.21cents is hilarious

@cryppimagic Rarely you get that but if you do jump on it

@notorcrypto yeah bro, that’s why it’s important to check the price before entering. but sometimes you get both; funding arbitrage in your favor and price arbitrage in your favor as well

a major inefficiency that very few people know about funding rate time arbitrage kucoin - we open a short aster - we open a long this puts us in a delta-neutral position, but kucoin pays funding every hour, while aster only charges funding once every 4 hours so we literally receive funding payments every hour, and after collecting three payments we can close both positions and lock in the profit you can find similar setups in my parser perpdexlist.com

@0xGeeGee I'll be shocked if this shit doesn't blow up within the next 24 months

STRC: a quick unpacking of Saylor’s funniest-yet house of cards Since Lighter is listing this and a few wrappers are coming to market I guessed I’d spend a few words on it. Probably all/most readers know already, but very briefly, what is STRC and how does it work? In crypto-talk, we could describe it as an algo bond (or, if you wish, an algo stable, pegged at $100 instead of $1). It’s perpetual, there’s no maturity and it’s paying a yield established by Strategy, perpetually. Whenever it goes “off peg”, they can raise the yield to drive demand, when it goes “above peg” they can print more and dump to buy BTC. Sounds… familiar? Yes, it's your standard algo stable. Make BDollar great again? The kick is that Saylor is betting that, over the medium term, MSTR returns on the capital collected (which mostly translate to, BTC returns) are going to exceed the dividend, which is the cost for Strategy to raise capital through STRC. Right now that cost is 11.50%. You know the drill, if something is algo-backed there’s no such a thing as a peg. STRC is not new to oscillations, I don’t expect the 2y+ of cash already set aside for payments to change this particularly. Two years of yield pay just a fraction of the cost and market frontruns things, won’t wait for the liquidity buffer to be over. In short, 11.50% is the new 19% lads, and this is exactly what UST always wanted to be. A stable asset backed by the very strong desire and hope that the underlying collateral runs faster than the cost, forever, or at least within the limits allowed by the cash/liquid cushion (hey, this is familiar too). Indeed, the yield is essentially financed by Strategy’s reserves and flows, and as mentioned there are already funds reserved for 2y+ of payments. However, as also mentioned, Strategy can also adjust the rates, in both directions, if wanted. Heck, they can run the dividend gradually to zero and let the price fall if they really wanted. They can also retire it at $101 (+ liabilities in the form of unpaid pending dividends). The theory of the trade is very sound. But there are a lot of issue in the execution of this trade: - when I shorted UST I did it at 4.5% apr (god bless @save_finance), am I going to be so lucky with STRC? Ehh don’t think so, different instrument, different vultures around it, different times. Cushion much much better than Terra’s. Much less deluluness. - UST was borrowable, STRC is not (yet). Your best bet would be be able to borrow for approximatively the yield and get an equivalent positive yield to cover the cost, however this is easier said than done. - Saylor could have found a good equilibrium point, can BTC grow sufficiently for the next 5 years? Maybe 10 even? Can I really exclude it? This is only a good bet if I can either time it perfectly or if I can do it for cheap. We cannot say that just because something is algo it’s gonna crash: it depends on the size, on the economic boundaries, on the dynamic for the underlying assets… STRC is not UST, it’s a much better version of it. Moreover, the 2y+ of cash cushion are also going to help quite a bit. In conclusion, right now the option is not on the table, but keep an eye open. Why? What we’re assisting right now is a yield-starved DeFi, underwriting RWA assets at ignominous conditions (imagine lending against private credit for SOFR at 70-85% LTV eh? What a PMF we’re finding with this rwa thingy. But don’t worry, the people managing this have fully aligned interest with you end-depositors… right?). Well, fret not my friends, because STRC wrappers are coming (at least 2, probably way more). Are they going to be collateral-only assets though? Eh, very likely.

@fibenjoyoor @0xGeeGee @saturn_credit saylor is retweeting that shit too

@0xGeeGee @saturn_credit is one

@maruushae zero crypto exposure LUL

@comic @DzambhalaHODL Truly remarkable shareholder destruction

@DzambhalaHODL Amazing!

Bitcoin ETFs are almost positive YTD for total flows which is truly remarkable given the start to the year Bitcoin has had

@Stry_dah @richardhirschs1 Lmfao that is never ever happening

@richardhirschs1 Until a 4 bedroom on 1/4 acre is $25000 like it was for my parents the property market hasn't even corrected.

Australian interest rates are going much higher. This will cause the property market and the economy to crash. #Stagflation

@Ebuz042 @cz_binance Binance listed it that's why

@cz_binance Hard assets are dumping hard, What's the cause

Bitcoin is a hard asset. (Other top crypto too.)