Jesse Myers
@Croesus_BTC • 101,526 subscribers
Head of Bitcoin Strategy @smarterwebuk | Creator of Bitcoin valuation framework used by @saylor | Views my own. past: Stanford MBA, Bain & Co
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Strategy sold 3,588 BTC last week. That's 112x more than the 32 BTC they sold a few weeks ago (which freaked out the market). Here's what's happening and why they are doing this... 1. Last week = Strategy sold Last week, Strategy sold 3,588 BTC and used all of the proceeds ($216m) to fund dividend payments on their suite of preferred equities. Q2 dividend payments for STRF, STRK, STRD, and STRE... and June dividends for STRC. Notably, BTC price opened last week at $59.5k. Strategy sold 3,588 BTC over the course of the week, yet BTC price went up to $63.5k. 2. The bigger picture = Strategy is NET buying Strategy bought 85,296 BTC in Q2. Their combined selling for Q2 was 3,620 BTC (32 + 3,588). In other words, they bought 22.5x more BTC in Q2 than they sold. (For 2026 YTD numbers, Strategy has bought ~175k BTC and sold 3.6k BTC. That's a 48x ratio.) 3. The message in advance Weeks ago, Saylor explained what they are doing, in an interview with Michaël van de Poppe (see clip) "On occasion, we'll buy 20 Bitcoin & we'll sell 1 Bitcoin... Then the credit investors will give us enough to buy 20 more Bitcoin." Saylor further explained the strategic rationale of selling Bitcoin... "Our credit investors expect that we're going to support the credit dividend and pay it (and our asset is BTC)... 'will you sell some Bitcoin to pay us the money?' They expect me to say yes, because if I'm not going to pay the dividend, they're not going to buy the credit & the credit agency won't rate the credit." 4. What Strategy is doing Strategy is showing the market that they can and will sell BTC. They are doing this to gain access to more credit market capital... so that they can buy much more BTC. Saylor has recently asserted that it's important to "buy more Bitcoin than you sell." This is that in action. In Q2, they bought 85k BTC. They then used 3.5k BTC to fund the dividends on the Digital Credit that enabled them to buy 85k BTC. They bought 22.5 and sold 1. 5. What to expect next Saylor said they will "inoculate the market" by selling a little BTC. This is the second dose of inoculation. They will keep doing it until the market expects it and no longer reacts to it. They are not dumping their BTC treasury strategy for dollars. That is the click-bait headline for the uninformed. What they are telling you is that they plan to sell 1 BTC so they can buy 20 BTC. Over and over.
Jesse Myers168,503 Aufrufe • vor 12 Tagen
Silver is up +283% in the last year... But, history says it will end poorly. Here's why.
Jesse Myers79,423 Aufrufe • vor 5 Monaten
#Bitcoin Treasury Companies will become a $140T industry. The most exclusive and high-signal event at The Bitcoin Conference was a private event hosted by UTXO Management I gave this presentation there, now I'm sharing it with you... So, what am I missing? How am I wrong?
Jesse Myers162,144 Aufrufe • vor 1 Jahr
Here's a little inside baseball. TD Bank has raised $50B for Strategy. The investment banking equivalent of drilling a hole and unleashing a towering oil geyser. They recently put out this video - signal most missed. In tradfi terms, this video is a BIG statement. A few years ago, this would never have been possible. But now? #Bitcoin has become a vital growth segment for this large investment bank. Bitcoiners inside the institution are being listened to (hint: ties have meaning). TD Bank has a winning new business segment. Their top brass knows it. Their competitors see it and want a slice. Embracing Bitcoin is good for the bottom line. And little by little, Bitcoin will win over tradfi because of it. Bitcoiners have always disliked suits - that's fine. But the suits are here, and they will advance Bitcoin adoption on a scale that independent evangelists simply cannot achieve. $50B deployed into Bitcoin is just the beginning.
Jesse Myers53,578 Aufrufe • vor 3 Monaten
You buy #Bitcoin at the price you admit you were wrong about Bitcoin. Everyone feels that they "missed" Bitcoin. Most people turn this bitterness into resentment towards Bitcoin. They don't want Bitcoin to succeed, only because of their own selfish regret that they didn't buy it earlier. That's all. Few have the strength of character to overcome that childish reflex... To come to terms with that regret long enough to study Bitcoin... To accept that you missed out on the 10,000x, but you can still grow your wealth 100x... and that's pretty fucking incredible. That's the price of admission. And only ~1/2000th of the world has gotten there, so far. If you've made that journey, appreciate what you've accomplished. You're ahead of 99.95% of the world. You did the hard work of accepting that you were wrong about Bitcoin & changing your views. And you deserve the wealth that Bitcoin brings you. (video from The Bitcoin Matrix Podcast ⚡️ podcast with Cedric Youngelman ⚡️ )
Jesse Myers145,170 Aufrufe • vor 1 Jahr
What growth assumptions does Saylor rely on for his prediction of $13M per #Bitcoin in 20 years? This video breaks down: - Bitcoin's historical performance - Saylor's assumptions - Alternative scenarios The result? $13M per BTC is more reasonable than people realize...
Jesse Myers88,044 Aufrufe • vor 1 Jahr
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