Ox2market

@EricBalchunas How on earth are Yanks so incapable of something the rest of the world does without even giving it a second thought?

Agree. Dudes love to be all proud of themselves for backing in to a parking spot but it’s not worth it. Much easier (for you and society in general) to just park and then back out when you leave.

@ActuallyClimber jfc im guessing you no longer hold $30m worth of MTPL then guy...

My broad thoughts on BTCTC's, preferred stock potential (bullish and bearish take), equilibrium mNAV etc. 👇🧵

@Z06Z07 @dgt10011 @krogoff @tadtweets Jeff is article A in the suitcoiner showcase that clip of Jeff talking about retardification is about as half assed as you can imagine this is becoming worse than LinkedIn, and you are leading the charge my friend

@dgt10011 @krogoff @tadtweets Jeff, as usual, comes in and writes an eloquent analysis. Well done. 🫡

This Ivy League Econ professor @krogoff is a pompous arrogant buffoon, here’s one that is extraordinary @tadtweets. Taking career and reputation risk as an Ivy League educated (Princeton and Harvard), Corporate CEO, and finance professor, to admit publicly that he didn’t understand something even after graduating from these esteemed universities and then change his mind shows intellectually flexibility, curiosity and non-ego. Krogoff is exactly what’s wrong in career academia, someone’s who’s too rigid to change his obsolete beliefs and perpetuates them, instead of admitting a paradigm shift occurred and would rather remain a luddite and hobble his students. @Harvard @Princeton Who’s a better representative?

@ryQuant @saylor @Strategy a 'growth company' currently bad faith screwing its common stock holders. to whom does the 'growth' accrue Ryan? gotta be a man and talk about that if you're toeing the company line suitcoiners dont have the balls for that tho generally: exhibits A - Ben W and Jeff W...

@saylor @Strategy .@Strategy is a growth company. Not an ETF, not a closed end fund, not levered BTC price exposure. It’s a business growing BTC per Share at 30% a year. That’s now selling the premiere product to the world’s largest TAM. There is no second best business. $MSTR

Our journey began with $0.25 billion in Bitcoin — and an immediate $0.04 billion unrealized loss. Today, we closed at a new all-time high: $77.4 billion in BTC NAV.

@AdamBLiv hope you explain how these companies make their share price go up and retain a healthy premium, given that is the sine qua none of the business model...and no one has the nuggets to address it 😉

THE ULTIMATE GUIDE TO EVERY STRATEGY PREF STRK, STRF, STRD, STRC Strategy has quietly built the first full Bitcoin-backed yield curve, and we are ripping the whole thing open. In this deep-dive I break down STRC, STRD, STRK, and STRF, show who should own each one, and explain the collateral math behind their double-digit coupons. If you want to understand how fixed-income finally merged with hard-capped digital collateral, this is your blueprint. Grab a coffee and let’s decode the future of Bitcoin credit.

@ActuallyClimber The Speculators Handbook - practical lessons from the salt mines of capitalism.

Perhaps an odd question, but if I were to write a book, what would you like to see in it?

@ryQuant fucking do it ryan FREEdom of speech on this topic. Jeff is a pure SUIT, down to his orange underpants someone please explain how Mike IS NOT fucking the shareholders forEVER baby!!!!

The $MSTR industry could use a non corporate owned show. Similar to when Quant Bros started, this space deserves a long form conversation that is not influenced & owned by corporate interests. How about: -Wednesdays at 10pm EST -Starting 10/01/2025 -RQB

@PunterJeff Jeff pls explain how the share price moves higher. No one gives a crap about market cap for obv reasons (except @saylor w/44% control) You are drinking deep from the trough, but the trade has changed and no one is addressing the ELEPHANT. How higher share price pls - fFs 🤪?

$CRWD Mkt Cap: $111B Lost 18,193 Bitcoin over the last 21 months $MSTR Mkt Cap: $96B Gained 638,985 Bitcoin over the last 21 months There’s one direction $MSTR is going in the long run. Starts with an H, and ends with IGHER.

@hillery_dan you selling or buying?

What you think?

@PunterJeff Common is not 'storing value'. Pre 2121 plan the flywheel worked. Now Mike is just rinsing the common holders! S&P inc = guaranteed buyers. Stop w/1984 style whitewashing and talk about duration and path to scale perps. U r practically a sockpuppet at this stage! .@hillery_dan

What’s more valuable than companies that store value and compound that value?

@_ChaitanyaJ whateva. stock price needs to go UPPPPPPP. that's it, and everyone knows Mike fucked it with the ATM

Follow the 5-year signal, not the 1-day noise.

@Z06Z07 @JBerneburg honestly grain, your self promotion is relentless and 90% substance free your template: interrupt the flow, drag it back to some 'point' you want to make, which has already been made more aptly by 3 others, finish with an 'insight' which leads nowhere REPEAT PLZ STOP

I approve this message on $STRC $MSTR Thanks @JBerneburg for the clip!

@benjamincowen not true ben brent crude went negative in the not so distant past

@ryQuant Ryan you can keep asserting your market view - but you have to explain how and to whose benefit the value will accrue. Can't eat market cap - unless you is @saylor

$MSTR has, and will continue to be, front running all of the companies on planet Earth, in an *irreversible* way. The only focus should be: More. Yes, hit the Class A ATM at 1.8x mNAV while ramping STRK/STRF/STRD/STRC/and the rest of the bitcoin yield curve.

@Micro2Macr0 'retail' - that phase of bitcoin is over. it lasted about 15 years this is a totally new epoch of bitcoin culture - corporate bitcoin. should last 25 years+ however - the rest of it, cannot argue pal L.F.G

I saw something like this the other day but I think it needs to be reiterated so people understand what's coming with the upcoming earnings for #Bitcoin treasury companies like $MTPLF. Currently, they are sitting on roughly $350 million in Unrealized Profits for roughly the last quarter. This is about $100 million more than what @Palantir pulled in via Net Income in Q1, which was $214 million. I know, I know. These aren't directly comparable metrics, but there is truth to be found within them. Next, lets look at how theses companies are valued at. Market Cap: $MPTLF = $6,500,000,000 $PLTR = $337,000,000,000 Do you see a disparity here? I mean it's not like @Palantir has brought in that much in the way of Net Income when you go back years. So, why do they deserve to operate at a multiple of Net Income of 52x that of Metaplanet? Does that seem right to you? Also, does this make you go, "Wow. Metaplanet is in a HUGE BUBBLE?" If you're like me you're probably left going "Maybe there's some room for Metaplanet to run as retail starts to pile into #Bitcoin". And is retail here yet? NO. They aren't remotely here. The image below shows cycle tops via Google searches for the term Bitcoin. <-- Doesn't scream the cycles over does it? Also, something investors do NOT seem to get is that in the last quarter, you've gained 2.7x (Dwarfs the growth rate of Palantir) the number of #Bitcoin per share, even after dilution. <-- 👀🤯 Wait. You mean that the dilution is INCREDIBLY accretive and benefits me each time they dilute the shit out of the stock to buy more BTC? Yes. Yes. That's exactly what you're seeing in the chart below. So, Yes. They operate at a multiple of their Bitcoin holdings. Currently an mNAV of about 3.6. But the amount of BTC you're getting has increased a lot over a VERY short period of time, not less. All while this company continues to gobble up BTC, increasing the flywheel effect, which MORE and MORE companies are joining in on, from ALL AROUND THE WORLD. And each of them feeds the pig by driving Bitcoin's price higher, which intern makes the one's that have BTC already all the more valuable. Will we reach a point of critical mass where some of these companies lose their premium to NAV? Yes, most likely. But I can tell you from my 8+ years in the Bitcoin space, that the time is NOT now. So, maybe if we can all NOT be whiny little bitches, and bare some volatility, you can make a small fortune. That is, if you believe in Bitcoin's future. That's my plan. Who's with me? @ActuallyClimber @vincent13031925

@EricBalchunas hmmm I'm going with the tennis ninja personally, 60-70% he’s up in the head to head, his highest level is better than anyone else, and he owns Wimbledon Centre Court reckon sinner has to show something we havent seen from him yet *when playing the points that matter* v carlos

Early bird gets the court at FDR. Had to get a match in bf Wimbledon final this morning. I predict Sinner will win convincingly.

@PunterJeff Blackstone, Goldman, Wharton jfc - Jeff you are not wrong man!

I’m telling you, we’re early Prepare for battle 🟩👆🏼

@EricBalchunas Slough House baby, not Slough itself, but the inference is the point.. Lowell - this is the US town of reference. A grey nothingness, depressing and only ever to escape from.

Am watching Slow Horses (pretty good) and noticed the spy rejects work in Slough, which is same UK town from the British Office (better than US version and I’ll die on this hill) another show about rejects also set in Slough. Is that town like the Newark of England or something?

@PunterJeff the itch reply guys r tryin to scratch here is that net income gains/losses from asset fair value changes are a very different beast v sales income generated by walm or pltr. two VERY different things. less volatile for a start, and also more 'predictable', just cause more data

As of 6/16/25, $MSTR is sitting on roughly $13.9 Billion quarterly gain, which will flow through to Net Income. Walmart's ($WMT) Net Income over the last 12 months was $18.8 Billion. They are the 10th largest publicly traded company in the USA ($757B market cap)... Even the 63,915 Bitcoin that $MSTR purchased this quarter have a current gain of $669 Million. Palantir ($PLTR) Net Income over the last 12 months was $571 Million. They are the 24th largest publicly traded company in the USA ($335B market cap)... Assuming BTC closes Q2 (June 30th) > $94,000 ish, $MSTR would post their first POSITIVE FASB Fair Value accounting quarter ever, and qualify for the S&P 500 for the first time EVER. This would be $MSTR's first earnings report with > $500M gain in company history. If today's Bitcoin prices hold, this would blow out $MSTR's largest historical net Income quarter (Q1 2023: $461M) by 30x. This will be the FIRST time the broader TradFi ecosystem will see the real GAAP ACCOUNTING power of adding Bitcoin to the balance sheet. Many that have looked at $MSTR's stock performance and tried to match it to GAAP financials have been completely Bewildered & write it off as a "Ponzi" without digging any deeper. This phenomenon all changes this quarter. I think many algos have this Bitcoin valuation priced in; however, I believe there are a decent cohort of them that do not. An algo is only as good as the coder / team that puts it in place... This can result in a whipsaw of volatility as a new extremely powerful Bitcoin denominated asset gets repriced in an archaic Fiat denominated system (P/E ratios, PEG Ratios, P/B ratios / etc). I also believe there's a MONUMENTAL amount of large capital in Traditional Finance that will FINALLY wake up once $MSTR's Bitcoin is FAIRLY accounted for in GAAP financials. Bitcoin can no longer be ignored. There are 11 trading days left in the quarter, 15 for Bitcoin. We're in the final days of being able to front run those that have front run us for decades. Bitcoin and $MSTR are going 🟩👆🏼Higher

@ChrisMMillas It's already happened dude! That capital isnt coming back either imo. Much more likely is wave from bigger pools, mandated buyers etc. Unless MSTR can find a way to nail mNAV leadership again. That would be game changer. Needs leveraging up, massive buys, change of tone on POR.