Entropy Capital

Silicon Photonics - some basics… Notes - - “Wafer-level optical probing test for known good SiPh PIC die” — this is where $AEHR comes in w/ wafer level prober (SiPh = silicon photonics, PIC = photonics integrated circuit) - MCM stands for “multi-chip module”, SiPh leans us deeper into chiplets - will likely require curvilinear masks in manufacturing. Toshiba $tosbf recently acquired NuFlare, a leader in curvilinear masks - advantest, $ateyy, supplies metrology equipment that would be important for these masks as well - manufacturing silicon photonics at scale remains a challenge because it’s extremely complex - thermal management is important because temperature changes can impact optical signal quality, chip cooling becomes more important, perhaps benefits $VRT? - Some research estimates the cost of packaging, assembly, and test for photonics devices is as much as 80% of the total module cost. This is in stark contrast to traditional silicon chips today where packaging is a minor cost relative to the overall chip - “Apart from data centers, silicon photonics is trailblazing developments in other areas, such as lidar in automobiles, which along with cameras and radar is considered essential for object detection. It also is revolutionizing optical projection technology for advanced imaging systems, augmented reality (AR) displays… But despite significant advancements and potential market opportunities, existing manufacturing processes are limiting the scalability and mass production of silicon photonics components. Manufacturing is often manual and labor-intensive due to the intricacy and precision required in fabricating optical components.”

On paper, selling something at $200 after buying it at $7 looks like a brilliant masterpiece. It feels like you nailed it, the screenshots look legendary and the percentage gain sounds absurd. But almost nobody does or often times even considers the real math. I see this mistake made over and over again. If you bought at $7 and sold at $200, your gain is $193. After 30% long term capital gains taxes, that’s about $58 gone immediately. Now you don’t have $200 per share to redeploy, you have about $142. If the stock drops to $131 and you buy it back, you’re not capturing a 35% decline. You’re turning $142 into $131. That gives you roughly 8% more shares than before. After all these brilliant looking trades on paper and trying to time the markets you’re getting ONLY 8% MORE! That’s the real edge after a “perfect” sell and a 35% pullback. This is what most investors miss. They calculate price returns, not capital returns. Once you sell, Uncle Sam immediately becomes your largest partner and gets his cut. To overcome him, you need a very big reset, not just a 30% dip because such a pullback doesn’t justify the big tax bill you paid. The uncomfortable truth is that trading around great winners is much harder than it looks. Every time you sell, you shrink the base that compounds for you. Unless the valuation was insane or the fundamentals broke, you’re often just interrupting your own long term math. My point is not to ridicule this person. I do not know him, and for all I know he lives in a low tax jurisdiction where the math is different. The point is simply that most people do not know how to calculate their real returns, and the gap between paper profits and actual wealth creation is often much larger than you think. 🌹

US has now invaded Venezuela. Everyone is probably wondering the same thing: How do you profit off the situation? 1. Heavy Sour, Ammonia, and Nitrogen Fertilizers disruption ( $CF , $CVE). These are Venezuela's biggest exports. Most people will buy generic oil ETFs or light sweet crude producers. This is inefficient because light oil is not a perfect substitute for heavy oil in complex refineries. If Caribbean ammonia is stranded, the global price of nitrogen spikes. The biggest beneficiary is a US-domestic producer that uses cheap US natural gas and doesn't rely on Caribbean shipping lanes 2. Dirty Crude Processing ( $VLO ) - If competitors are starved of Venezuelan oil, Valero’s ability to source heavy crude from diverse locations (and its leverage to diesel margins) makes it resilient. 3. Naval Warfare ( $LDOS) - While retail investors buy Lockheed Martin (F-35s), the operations in the Caribbean focuses on maritime surveillance, warfare, and autonomous patrolling to enforce blockades without risking US personnel. Companies like Leidos provide these tpyes of naval tech. 4. Defense and aerospace from $AVAV to $HII and $LHX also benefit. - $AVAV recently unveiled the Red Dragon and updated Switchblade 600 variants specifically for maritime operations - $LHX provides the sensors and communications gear that link the drones ($AVAV) to the ships ($HII) and the jets ($BA). - A blockade requires significant maritime surveillance and naval assets, which benefits shipbuilders ( $HII ) 5. Direct Suppliers of recent military operation: - F/A-18E/F Super Hornet from $BA (Precision strikes on Caracas) - B-1B Lancer from $BA - UAS (Drone), MQ-9 Reaper - $RTX (MTS-B Sensors), $HON Honeywell for the Engine - Tomahawk (TLAM), $RTX So far: $AVAV - 5.91%+ $BA - 4.91% $LHX - 3.72% $CF - 3.61%+ $CVE - 3.61%+ $HII - +2.85% $RTX - 2.1% $VLO - 1.55%+ $LDOS - 1.7%+ $HON - .4%+

MSTR Stock Price Modeling: 10 Years Out MSTR seems like an amazing entry here and the amplification outweighs the premium you're paying. Current BTC price: $87,829 BTC CAGR: 30% Time horizon: 10 years MSTR amplification: 27% Current MSTR price: $165.27 1. Bitcoin price in 10 years 30% CAGR over 10 years: Growth multiple: 1.30¹⁰ ≈ 13.79 Future BTC price: $87,829 × 13.79 ≈ $1.21 million 2. Amplified Bitcoin exposure (MSTR) 27% amplification means MSTR compounds at: BTC return × 1.27 So effective growth multiple: 13.79 × 1.27 ≈ 17.5× 3. Implied MSTR stock price Apply the amplified multiple to today’s price: $165.27 × 17.5 ≈ $2,890 per share of MSTR ✅ Final Answer Bitcoin (10Y): ~$1.21M MSTR multiple: ~17.5× Implied MSTR price: ~$2,900 per share This assumes: No multiple expansion No contraction, stays at 1.1x They maintain 27% amplification Pure Bitcoin CAGR + structural amplification only But.... remember MSTR has a BTC Yield this year of 24.9% this year. What if we model in a conservative 10% BTC Yield per year AND an mNAV rerating to 1.5x? Bitcoin per share exposure increases 10% per year, compounding: BTC/share multiple: 1.1010≈2.59×1.10^{10} ≈ 2.59×1.1010 ≈ 2.59× This is independent of BTC price appreciation. It stacks on top. mNAV re-rating from 1.11 → 1.50... Total MSTR multiple: Now multiply all three effects: 13.79×2.59×1.35≈48.2×13.79 \times 2.59 \times 1.35 ≈ 48.2×13.79×2.59×1.35 ... ≈ 48.2× Apply that multiple to today’s price: Implied MSTR price: ~$8,000 per share BULLISH MSTR.

21 million total supply. 8 billion people. That's 0.002625 BTC per person maximum. Your financial advisor: 'Put 5% in Bitcoin' Math: That's literally impossible for everyone lmao

SEC CHAIR Paul Atkins U.S. markets could move on-chain "within a couple years" Bro just said the quiet part loud $68T equity market $35.8B currently tokenized Nasdaq filing for blockchain trading We're so fucking early it's insane

What a scam this is.. Michael Dell gets to write off 74% of his $6.25B "donation" right away because it's a fed gov program for public purposes It shrinks his estate, avoiding 40% tax on his heirs while maintaining family control The investment accounts are funneled into $DELL

At current $BTC levels, we have 71 years of dividend coverage assuming the price stays flat. And any $BTC appreciation beyond 1.41% a year fully offsets our annual dividend obligations.