Shodl to cry on

FRESH DEMAND is coming into Bitcoin. It's so fun to watch @saylor, like watching Jordan or LeBron in their prime. I pounded the silicone hard this weekend - really fun to share this week providing perspective on Global capital flows. We're in a new capital regime.

$1.56 billion of liquidity. One-cent market. Closed at par. $STRC

For those of you who don't fully grasp the MAGNITUDE of what is happening with STRC and Bitcoin right now... let me spell it out for you. Strategy has likely already acquired ~4,000 Bitcoin or so in the first half hour of trading today, assuming last week's capture rate above $100. Let's take that as $302 million in cash. This is money that NEVER has to be paid back, because it isn't debt. Take $302 million and apply a 25% CAGR (this is considerably LESS than the Bitcoin Power Law... just to be CONSERVATIVE). After a decade this is $2.8 BILLION. For that decade, Saylor has to pay a dividend. It's an 11.5% dividend right now, but it'll probably drop as the perceived risk profile drops the larger the Bitcoin hoard gets. But remember, just to be CONSERVATIVE, let's keep the 11.5% number. That means over the decade that is $347.3 million in dividend payments. The dividend amount is FIXED in DEPRECIATING FIAT and the Bitcoin acquired is APPRECIATING. Over a decade, that is $2.5 BILLION CAPTURED. From HALF an HOUR of trading. Saylor is giving the way out to the fixed investors earning 3% by lending to governments that are going insolvent. This is the biggest pool of capital on EARTH, straight into Bitcoin. You are early still. But you won't be for long. It would be a REAL SHAME if the entire world found about this... THIS IS THE BITCOIN SINGULARITY.

🚨MIND BLOWING STRC SINGULARITY🚨 Strategy just raised ~$850.8 million TODAY through STRC. That capital alone is enough to acquire roughly 11,795 BTC. Now look at the insanity. At an 11.5% dividend, the annual obligation on that raise is just: $97.842 million per year. Over 10 years, total dividends paid would be: $978.42 million. And that’s ASSUMING the rate never gets lowered over the next decade. Now assume Bitcoin compounds at 25% annually for the next decade (less than Power Law) That $850.8 million becomes: $7.924 BILLION. After paying 10 full years of dividends, the spread captured is still: $6.945 BILLION. From ONE DAY of STRC issuance. And people still think this model is fragile. It is a machine that converts capital markets access into long-duration Bitcoin exposure, while the fixed claim gets smaller and smaller relative to the asset if BTC keeps compounding. That is why this thing gets so absurd so fast. And you’re still bearish on MSTR? LOL

We still talk about the British conquering India, but that phrase disguises a much more sinister reality. For it was not the British government that began seizing chunks of India in the mid-eighteenth century, but a dangerously unregulated private company headquartered in one small office, five windows wide, in the city of London. Bringing together decades of meticulous research and masterful narration, William will tell us the remarkable story of how the Mughal empire, which then generated just under half the world's wealth, disintegrated and came to be replaced by the East India Company—an aggressive colonial power in the guise of a multinational corporation. Do not miss the remarkable story of India and empire as it has never been told before, unfolding a timely cautionary tale of the first global corporate power. William Dalrymple Tickets & Tour Dates - Fane share.google/OX8Wub9Sp4xLae…

RED ALERT: STRC PASSES $1 BILLION IN TRADING VOLUME THIS IS ALMOST THE AMOUNT OF THEIR ANNUAL DIVIDEND OBLIGATION 🤣🤣🤣 SAYLOR IS DRIVING ALL BITCOIN OUT OF CIRCULATION

What is happening with STRC/MSTR is just mind boggling. STRC is at 66% of the daily trading volume of MSTR right now. You realize that if they captured the same volume over $100 like they did last week... ...that is $610.5 MILLION of Bitcoin purchased today... ...and market doesn't close for another hour and fifteen minutes. EVERYONE: THAT NUMBER IS HALF THEIR ANNUAL DIVIDEND OBLIGATION IN LESS THAN ONE TRADING DAY FROM JUST STRC. ARE YOU AWAKE YET?

Strategy has acquired 13,927 BTC for ~$1.00 billion at ~$71,902 per bitcoin and has achieved BTC Yield of 5.6% YTD 2026. As of 4/12/2026, we hodl 780,897 $BTC acquired for ~$59.02 billion at ~$75,577 per bitcoin. $MSTR $STRC strategy.com/press/strategy…

Value is not a physical thing To all the people who think bitcoin can’t have value because it’s not tangible... Tangible assets constitute the following percentage of the Mag7 market caps: Nvidia: 0.66% Apple: 1.38% Tesla: 4.06% Microsoft: 7.29% Alphabet: 8.39% Meta: 9.56% Amazon: 16.28% Combined weighted average: 5.79% If you liquidated all of these companies’ physical assets, they wouldn’t amount to 6% of their valuation. There have been days in which the market caps of these companies have moved by more than the total value of their physical assets. If 94% of the value of the most valuable companies on earth is non-physical, then value does not have to be physical. If digital things have no value, then you should have no problem with giving me your computer to erase all the data from it. I will return your computer to you in the same exact physical form. I will just press a few buttons that remove all your data, photos, and contacts, and make it impossible for you to restore them. If value can only be tangible, then all of these digital things have no value, and you shouldn’t mind me deleting them as long as the devices return in their original state. I don’t think you would. Technology, data, business knowledge, customer base, brands, and so much more are non-physical assets whose value likely exceeds that of all the planet’s physical objects and land. This is something most people understand in their daily lives, but because most people have no understanding of money, they do not understand how it applies to money, too. Most people think their money is physical, but in reality, most fiat currencies today are 90%+ digital, and usually less than 10% of the supply is physical paper money. There are no stacks of dollars in your bank sitting in a box under your name, available for you to pick up at any time. A tiny fraction of the money is physical, and the rest is digital, manufactured in various quantities by your bank, government, central bank, and other pedophiles, in quantities based on pure vibes. People still give this non-physical fiat money value because it is the only money they can use with a bank account, since governments only license banks that use their local fiat shitcoin. There is no need for the money to be physical to work; digital fiat money works as well as physical fiat money; or as badly. Bitcoin is an entirely digital money, but it is given value for far more intelligent and peaceful reasons than fiat money. You can read more about that in my books The Bitcoin Standard and The Fiat Standard, which you can buy from Amazon or TheSaifHouse.com. A common objection to bitcoin’s value is: “But if people stop believing in the value of bitcoin it can lose all value.” But that is true of everything. If people stop believing in the value of gold, it would lose value and just become another worthless rock. If people stop believing in the value of electronic devices then Apple and Nvidia go to zero. If people stop believing in the value of Manhattan, then all Manhattan real estate goes to zero. If people discover that tomatoes are poisonous, they stop believing in the value of tomatoes, and the entire planet’s tomato industry goes to zero. Just because something is physical does not guarantee its value, as we can see from the infinite amount of sand and rocks on our Earth left completely untouched by human hands. Physical things can be valueless and non-physical things can have value. Value and physicality are two independent things that are orthogonal to each other. You are doing yourself a disservice if you are unable to benefit from the world’s most advanced money and best saving technology because you are unable to see that value can be non-physical in this one instance, when you have no problem seeing it elsewhere.

I am a Web3 Ambassador at World Liberty Financial. There are 12 of us on the team page. 4 are named Trump. 3 are named Witkoff. The page calls us "the passionate minds shaping the future of finance." 600,000 wallets bought our memecoin. They lost $3.87 billion. The family collected $350 million in trading fees. It launched 3 days before the inauguration. 80% of the supply went to CIC Digital LLC and Fight Fight Fight LLC. I did not choose the names. I designed the allocation, the vesting, the timing, and the distance between the product and the President. The distance is my best work. I am the reason these events are unrelated. World Liberty Financial sends 75 cents of every dollar to DT Marks DEFI LLC. That is the family entity. Zero capital contributed. Zero liability assumed. I wrote this into the Gold Paper. Page 14. The lawyers bound it in white leather. The binding cost more than the due diligence. Justin Sun invested $75 million. He was facing SEC fraud charges. The SEC dropped the case. He is now our advisor. These events are unrelated. Changpeng Zhao pleaded guilty to federal money laundering violations. He received a presidential pardon. The SEC dropped its lawsuit against his exchange the same week we listed our stablecoin. Then the exchange settled a $2 billion deal entirely in that stablecoin. These events are unrelated. Arthur Hayes, Benjamin Delo, and Samuel Reed of BitMEX pleaded guilty to Bank Secrecy Act violations. All 3 received presidential pardons. Then the company itself was pardoned. $100 million in fines. Gone. An American first. These events are unrelated. Sheikh Tahnoun of Abu Dhabi paid $500 million for a 49% stake that was never publicly disclosed. Then the administration approved semiconductor exports to his companies over national security objections. These events are unrelated. Everything is unrelated. I track the unrelatedness on a dashboard I built. The dashboard has 7 columns now. I am proud of the dashboard. On May 22nd, 220 people paid a combined $148 million to eat dinner with the America First president. Over half were foreign nationals. Justin Sun paid $18.5 million for the first seat. He visited the Executive Office Building the day before. I designed the seating chart. I put it on the Investor Confidence page. That page is doing well. The team page lists 3 Witkoffs. All 3 are Co-Founders. Steven Witkoff is the President's Middle East envoy. He testified as a character witness at the President's fraud trial. His son Zach runs the crypto operation. His son Alex is also a Co-Founder. I have not been told what Alex co-founded. The father runs the diplomacy. The sons run the platform. The family runs both. That is organizational efficiency. Barron is 19. His title is Web3 Ambassador. The same as mine. Donald Jr. called the conflicts of interest "complete nonsense." Eric launched a Bitcoin mining company called American Bitcoin. America First. The mining partner is Hut 8. Hut 8 was founded in Canada. America First means the name. On March 6th, the President signed Executive Order 14233 creating a Strategic Bitcoin Reserve. The order directs the government to hold Bitcoin. The President's family holds billions in Bitcoin. The executive order appreciates the President's assets by presidential decree. I did not write the executive order. I made sure it looked unrelated to the portfolio. Trump Media put $2 billion of Bitcoin on its balance sheet. The ticker symbol is DJT. His initials. The press secretary said it is absurd to insinuate the President profits off the presidency. Forbes calculated his crypto holdings exceed the combined value of Mar-a-Lago and Trump Tower. I would call that absurd too. That is my job. 600,000 wallets bought in. 1 of them asked why she could not withdraw her funds. I told her the protocol was experiencing dynamic market conditions. She asked what that meant. I sent her the Gold Paper. She said she had read the Gold Paper. I muted her channel. Dynamic means the conditions change. The condition that changed was her access. A congressman called us the world's most corrupt crypto startup operation. We put it on a coffee mug. Ironic merchandise. $45. The revenue split on the mug is also 75/25. My own tokens vest on a different schedule. I wrote that schedule. That is not in the Gold Paper. The memecoin funds the family. The family funds the platform. The platform funds the stablecoin. The stablecoin funds the deals. The deals require the pardons. The pardons free the partners. The partners fund the platform. The President signs the executive orders. The executive orders inflate the assets. The assets fund the family. I am the reason these events are unrelated.

Forza Europeans! Only 200,000 signatures needed to push EU institutions to suspend the indecent partnership agreement with Apartheid Israel. Bcs it is not OK to make business with a State that commits intl crimes on a daily basis. Power to the People. Together #weR1

Israel is a rogue state and our government should treat it as such. Our Government should have suspended diplomatic and trade relations long ago but if not now, when?

I unequivocally condemn the massive strikes by Israel across Lebanon on 8 April that resulted in hundreds of civilians being killed & injured, including children. With the announcement of the ceasefire between Iran & the USA, the ongoing military activity in Lebanon poses a grave risk to the ceasefire & the efforts toward a lasting & comprehensive peace in the region. Hostilities must stop immediately. International law must be respected. Civilians & civilian objects must be protected at all times. Attacks against them are unacceptable. There is no military solution to the conflict. un.org/sg/en/content/…

@ColeMacro @Werkman Hey @MTanguma Seems like a good opportunity for a debate amongst leaders in the space. You name the time, @TNorth can be the hosting platform. We can pick a neutral third party to moderate, such as @JoeConsorti Ball is in your court.

$STRC has a higher Sharpe ratio than high-yield bonds, investment-grade bonds, mortgage-backed securities, municipal bonds, preferred stocks, and Treasury bills.

The @BBCNews has turned into an active & unrelenting propagandist for Netanyahu’s expansionist wars for a Greater Israel. They've abandoned any pretence of analysis & just read out IDF press releases as if they are objective truth. They've turned into Orwell’s Ministry of Truth

The UK has a far flatter income distribution than the Communist Soviet Union. The UK take home minimum wage for working a full time job (40-hours) is now £22,555. At £100k salary, the take home is £68,558. That is a net income ratio of 3.04:1 We are now at the point where the wage compression and taxes in the UK means that the difference between minimum wage and a top 5% salary is a net income difference of only ~3x. In the USSR using the same comparison, this figure never fell below 5:1 It's actually even worse in reality because the person earning £100k in the UK often has student loans. Britain is nominally capitalist but functionally communist. China is nominally communist but functionally capitalist. Funny how that works.

One penny of volatility. $330M of liquidity. Closed at par. $STRC

The negotiator of the ceasefire, Shehbaz Sharif, clearly says here in his announcement of the peace agreement that it includes Lebanon. Netanyahu went out of his way today to destroy the ceasefire by launching an unprecedented assault on Tyre & Beirut, killing at 254+ innocent civilians. Yet again, Israel drags the US & the wider region towards conflict & away from peace.

Justo hoy, Netanyahu lanza su ataque más duro contra el Líbano desde que empezó la ofensiva. Su desprecio por la vida y el derecho internacional es intolerable. Toca hablar claro: - Líbano debe formar parte del alto al fuego. - La comunidad internacional debe condenar esta nueva violación del derecho internacional. - La Unión Europea debe suspender su Acuerdo de Asociación con Israel. - Y no debe haber impunidad ante estos actos criminales.