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BITCOIN HISTORY IS BEING MADE TODAY! MAGIC EDEN AND SATS TERMINAL HAVE OFFICIALLY JOINED FORCES! EVERY SINGLE RUNES SWAP ON MAGIC EDEN IS POWERED BY SATSTREAM ALGO, THE MOST POWERFUL BITCOIN TRADE ROUTING ENGINE EVER BUILT: - MAXIMUM LIQUIDITY - ULTRA-EFFICIENT EXECUTION - BEST PRICES TOGETHER, WE ARE UNLEASHING... show more

Sats Terminal

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39,467 次观看 • 1 年前 •via X (Twitter)

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Bitcoin is pristine collateral. Strike unlocks it for you. Cheap rates, no origination fees, no early repayment fees, instant access to funds, and so much more. Acquire and borrow against the best performing asset in human history. Welcome to the future of money.

Bitcoin is pristine collateral. Strike unlocks it for you. Cheap rates, no origination fees, no early repayment fees, instant access to funds, and so much more. Acquire and borrow against the best performing asset in human history. Welcome to the future of money.

Strike

120,248 次观看 • 9 个月前

TURKEY JUST MADE THE MOST BULLISH BITCOIN ARGUMENT IN HISTORY. And they didn't even mean to. The Turkish Lira lost 99.99% of its value. Not 10%. Not 50%. Not 90%. 99.99%. $13,980,000,000 in T-bills sold to defend it. It's not working. This is what happens when governments print money to solve problems caused by printing money. Turkey is not an exception. Turkey is a warning. Every fiat currency in history has trended toward zero. There are only 21,000,000 Bitcoin. No government can print more. No central bank can devalue it. No T-bill sale can defend against it. The Lira chart is the most bullish Bitcoin chart ever made. And Turkey made it for us.

TURKEY JUST MADE THE MOST BULLISH BITCOIN ARGUMENT IN HISTORY. And they didn't even mean to. The Turkish Lira lost 99.99% of its value. Not 10%. Not 50%. Not 90%. 99.99%. $13,980,000,000 in T-bills sold to defend it. It's not working. This is what happens when governments print money to solve problems caused by printing money. Turkey is not an exception. Turkey is a warning. Every fiat currency in history has trended toward zero. There are only 21,000,000 Bitcoin. No government can print more. No central bank can devalue it. No T-bill sale can defend against it. The Lira chart is the most bullish Bitcoin chart ever made. And Turkey made it for us.

Crypto Tice

59,942 次观看 • 2 个月前

📜In Code We Trust: Crypto #DeFi's Game Changer: The Rise of The world's first #Bitcoin-native decentralized exchange, Orders.Exchange's LP is launched! In the past, DeFi has been susceptible to vulnerabilities like code errors, rug pulls, and potential attacks, raising security concerns in EVM-compatible blockchains. On the other hand, the Bitcoin DeFi landscape has been relatively uncharted territory, with limited options for fully on-chain trading. But that's where steps in, offering a unique approach that distinguishes it from DeFi in the old days. Let's delve into the key differentiators: 1⃣A Smart-contract-like Trading on Bitcoin Native Network: operates natively on the Bitcoin network, eliminating the need for layer-2 solutions or the Lightning Network. This simplifies the process and brings smart-contract-like functionality to Bitcoin. 2⃣AMM VS DIMM introduces the P-LP (PSBT Liquidity Pool), a zero-risk liquidity pool solution. Your assets remain in your account without the need to lock them. Unlike Ethereum's AMM mechanism, employs DIMM (Decentralized Instant Market Maker), eliminating the reliance on a mathematical formula for token prices. This ensures that the number of tokens you provide remains constant during liquidity provision, no more TVL, Slippage, and Impermanent Loss. 3⃣Trust and Openness: is trustless, meaning the platform cannot independently sign and seize your assets at the code level, ensuring a secure and decentralized liquidity pool on the Bitcoin network. It's also open-source and interoperable with other networks with the nostr protocol👉 The future of DeFi is here, and it's happening on the Bitcoin network. Join us as we embark on this journey👇

📜In Code We Trust: Crypto #DeFi's Game Changer: The Rise of The world's first #Bitcoin-native decentralized exchange, Orders.Exchange's LP is launched! In the past, DeFi has been susceptible to vulnerabilities like code errors, rug pulls, and potential attacks, raising security concerns in EVM-compatible blockchains. On the other hand, the Bitcoin DeFi landscape has been relatively uncharted territory, with limited options for fully on-chain trading. But that's where steps in, offering a unique approach that distinguishes it from DeFi in the old days. Let's delve into the key differentiators: 1⃣A Smart-contract-like Trading on Bitcoin Native Network: operates natively on the Bitcoin network, eliminating the need for layer-2 solutions or the Lightning Network. This simplifies the process and brings smart-contract-like functionality to Bitcoin. 2⃣AMM VS DIMM introduces the P-LP (PSBT Liquidity Pool), a zero-risk liquidity pool solution. Your assets remain in your account without the need to lock them. Unlike Ethereum's AMM mechanism, employs DIMM (Decentralized Instant Market Maker), eliminating the reliance on a mathematical formula for token prices. This ensures that the number of tokens you provide remains constant during liquidity provision, no more TVL, Slippage, and Impermanent Loss. 3⃣Trust and Openness: is trustless, meaning the platform cannot independently sign and seize your assets at the code level, ensuring a secure and decentralized liquidity pool on the Bitcoin network. It's also open-source and interoperable with other networks with the nostr protocol👉 The future of DeFi is here, and it's happening on the Bitcoin network. Join us as we embark on this journey👇

Rachel.metaid

101,524 次观看 • 2 年前

🇧🇷🚨 TOKENIZATION IS SPREADING 🚨🇧🇷 Brazil’s securities regulator is launching a regulatory sandbox for tokenized securities. More countries are building the infrastructure for tokenized finance. That’s exactly where Ripple and the XRPL have been positioning for years. XRP isn’t chasing the future. It’s being built for it. 🚀

🇧🇷🚨 TOKENIZATION IS SPREADING 🚨🇧🇷 Brazil’s securities regulator is launching a regulatory sandbox for tokenized securities. More countries are building the infrastructure for tokenized finance. That’s exactly where Ripple and the XRPL have been positioning for years. XRP isn’t chasing the future. It’s being built for it. 🚀

John Squire

12,199 次观看 • 14 天前

What happens if Bitcoin goes to $1,000,000 in 8 years and MSTR never issues another senior or preferred share? No new leverage. No new preferred stack. No mNAV expansion. Just Bitcoin going up and the current structure sitting there. At $63.2k BTC: MSTR implied price: ~$95.71 CEBE: ~143,535 sats/share CEBE mNAV: 1.055x At $1,000,000 BTC, with the exact same mNAV: MSTR implied price: ~$2,086 CEBE: ~197,678 sats/share Bitcoin return: 15.8x MSTR return: 21.8x That is ~38% more return than Bitcoin. Why? Because the senior/preferred claim stack is fixed in dollars. As Bitcoin rises, that claim stack collapses in BTC terms: ~310,379 BTC of senior claims today → ~19,616 BTC at $1M Bitcoin The common equity absorbs the difference. This is what you are getting in exchange for paying the STRC dividends. AMPLIFICATION of BITCOIN. This is what the market keeps missing. MSTR does not need the multiple to expand to outperform Bitcoin. It can outperform because fixed-dollar claims get nuked in Bitcoin terms. CEBE is the lens. Bitcoin is the detonator:

What happens if Bitcoin goes to $1,000,000 in 8 years and MSTR never issues another senior or preferred share? No new leverage. No new preferred stack. No mNAV expansion. Just Bitcoin going up and the current structure sitting there. At $63.2k BTC: MSTR implied price: ~$95.71 CEBE: ~143,535 sats/share CEBE mNAV: 1.055x At $1,000,000 BTC, with the exact same mNAV: MSTR implied price: ~$2,086 CEBE: ~197,678 sats/share Bitcoin return: 15.8x MSTR return: 21.8x That is ~38% more return than Bitcoin. Why? Because the senior/preferred claim stack is fixed in dollars. As Bitcoin rises, that claim stack collapses in BTC terms: ~310,379 BTC of senior claims today → ~19,616 BTC at $1M Bitcoin The common equity absorbs the difference. This is what you are getting in exchange for paying the STRC dividends. AMPLIFICATION of BITCOIN. This is what the market keeps missing. MSTR does not need the multiple to expand to outperform Bitcoin. It can outperform because fixed-dollar claims get nuked in Bitcoin terms. CEBE is the lens. Bitcoin is the detonator:

Adam Livingston

103,761 次观看 • 25 天前

🇺🇸 “Crypto finally has a champion in the White House.” Vice President JD Vance made history at The Bitcoin Conference 2025, becoming the first sitting VP to publicly endorse Bitcoin. He called for regulatory clarity, supported a federal Bitcoin reserve, and predicted mass adoption across the U.S. At LBank Labs, we believe leadership like this is key to unlocking the next wave of innovation. The future of finance is being written now, and it’s on-chain. #Bitcoin2025 #LBankLabs #LBank

🇺🇸 “Crypto finally has a champion in the White House.” Vice President JD Vance made history at The Bitcoin Conference 2025, becoming the first sitting VP to publicly endorse Bitcoin. He called for regulatory clarity, supported a federal Bitcoin reserve, and predicted mass adoption across the U.S. At LBank Labs, we believe leadership like this is key to unlocking the next wave of innovation. The future of finance is being written now, and it’s on-chain. #Bitcoin2025 #LBankLabs #LBank

LBank Labs

13,076 次观看 • 1 年前

Prediction market is the future? Where you can predict the future? Whatever is it, Yoso 👁️ - Social Prediction is here to make your prediction journey more smooth & enjoyable Why Yoso? -Short cycle designed (for more frequent trading) - Interface looks like more fun & chill - Predict with a social vibe -Faster & smooth user experience Lets enter into the prediction world with cool vibe😎 Join : Explore and enjoyyy...

Prediction market is the future? Where you can predict the future? Whatever is it, Yoso 👁️ - Social Prediction is here to make your prediction journey more smooth & enjoyable Why Yoso? -Short cycle designed (for more frequent trading) - Interface looks like more fun & chill - Predict with a social vibe -Faster & smooth user experience Lets enter into the prediction world with cool vibe😎 Join : Explore and enjoyyy...

Rifat Ahmed

20,967 次观看 • 5 个月前

We’re thrilled to announce that Bitcoin is now finally live on our cross-chain bridge, Router Nitro! Try it out: With this integration, you can now: - Swap any asset from the Ethereum chain to BTC on the Bitcoin network - Swap BTC from the Bitcoin network to WBTC on the Ethereum chain Experience unmatched speed and cost-efficiency—all in a fully decentralized, trustless way with no custodians involved! Getting started is simple: - You can use any EVM-compatible wallet when you’re going from Ethereum to Bitcoin - When going from Bitcoin to Ethereum, to have a smooth and easy experience you will need XDEFI wallet! Our roadmap includes adding more chains, wallets, and assets to support Bitcoin bridging. Besides, Router is developing a solution to enable users to seamlessly transfer BTC from Bitcoin to any token on other chains. In upcoming upgrades, users will be able to buy any token they want using Bitcoin. Bitcoin holds unmatched stability and liquidity in the crypto world and with this integration, Router Nitro empowers users, platforms, and developers to access Bitcoin’s liquidity across DeFi, dApps, and more—all while preserving Bitcoin’s core values. Embrace the power of BTC and start exploring Router Nitro’s new Bitcoin connectivity!

We’re thrilled to announce that Bitcoin is now finally live on our cross-chain bridge, Router Nitro! Try it out: With this integration, you can now: - Swap any asset from the Ethereum chain to BTC on the Bitcoin network - Swap BTC from the Bitcoin network to WBTC on the Ethereum chain Experience unmatched speed and cost-efficiency—all in a fully decentralized, trustless way with no custodians involved! Getting started is simple: - You can use any EVM-compatible wallet when you’re going from Ethereum to Bitcoin - When going from Bitcoin to Ethereum, to have a smooth and easy experience you will need XDEFI wallet! Our roadmap includes adding more chains, wallets, and assets to support Bitcoin bridging. Besides, Router is developing a solution to enable users to seamlessly transfer BTC from Bitcoin to any token on other chains. In upcoming upgrades, users will be able to buy any token they want using Bitcoin. Bitcoin holds unmatched stability and liquidity in the crypto world and with this integration, Router Nitro empowers users, platforms, and developers to access Bitcoin’s liquidity across DeFi, dApps, and more—all while preserving Bitcoin’s core values. Embrace the power of BTC and start exploring Router Nitro’s new Bitcoin connectivity!

Router Protocol

84,347 次观看 • 1 年前

🚀 Propbase is shaping the future of real estate investing - Be part of the journey. Real estate is entering a whole new era. An era where ownership becomes digital. Where opportunities become global. Where anyone, anywhere, can invest directly from their smartphone. Powered by transparency, tokenization, and real-world assets on-chain. The world is taking notice, our community is growing faster than ever. Every day, more investors are joining the movement, learning, sharing, and shaping the future together. Join our Telegram community — Inside the community, you’ll get: 👉 Early updates on new properties & products 👉 Insights into real-estate tokenization 👉 A rapidly expanding network of people aligned with the same vision 👉 Real conversations, real knowledge, and real momentum Join the Propbase community today. Let’s build the next era of real estate investing together. 🚀 $PROPS #RWA

🚀 Propbase is shaping the future of real estate investing - Be part of the journey. Real estate is entering a whole new era. An era where ownership becomes digital. Where opportunities become global. Where anyone, anywhere, can invest directly from their smartphone. Powered by transparency, tokenization, and real-world assets on-chain. The world is taking notice, our community is growing faster than ever. Every day, more investors are joining the movement, learning, sharing, and shaping the future together. Join our Telegram community — Inside the community, you’ll get: 👉 Early updates on new properties & products 👉 Insights into real-estate tokenization 👉 A rapidly expanding network of people aligned with the same vision 👉 Real conversations, real knowledge, and real momentum Join the Propbase community today. Let’s build the next era of real estate investing together. 🚀 $PROPS #RWA

Propbase

33,564 次观看 • 8 个月前

More than a book, it's a statement. 🔥 "The Art of Revolution" by Street Cyber is a visual & textual journey into the heart of Bitcoin. Place it on your coffee table & ignite conversations about art, tech, and the future of finance. A must-have for every forward-thinker. Store Link in Bio

More than a book, it's a statement. 🔥 "The Art of Revolution" by Street Cyber is a visual & textual journey into the heart of Bitcoin. Place it on your coffee table & ignite conversations about art, tech, and the future of finance. A must-have for every forward-thinker. Store Link in Bio

Street CY₿ER ⚡️ ∞/ 21

19,336 次观看 • 1 年前

🔥STRATEGY WILL BE THE WORLD'S MOST VALUABLE COMPANY🔥 Strategy bought OVER 56,000 Bitcoin in April. That number is so absurd people are psychologically incapable of processing it. Post-halving miners produce roughly 13,500 BTC per month. Strategy just bought about 4.1x an entire month of new miner supply in one month. Now run the simple monster math: Today: Strategy BTC stack: 818,334 BTC Bitcoin price: $76,196 Bitcoin NAV: $62.35B Assume Strategy keeps buying 56,000 BTC per month for 5 years. That is: ASSUMING STRC GROWTH TOTALLY STOPS (LOL) ~672,000 BTC per year ~3,360,000 BTC over 5 years Their stack goes from: 818,334 BTC to 4,178,334 BTC Now assume Bitcoin compounds at 25% CAGR. Bitcoin goes from: $76,196 to roughly: $232,532 So the Bitcoin NAV becomes: 4,178,334 BTC × $232,532 = roughly $971.5 BILLION Almost $1 TRILLION in Bitcoin NAV. And the funniest part? This model assumes no mNAV expansion. No premium insanity. No additional acceleration. No credit flywheel getting stronger. No market panic as everyone realizes Strategy is vacuuming Bitcoin off the planet like a publicly traded monetary black hole. Just: 56,000 BTC per month. 25% Bitcoin CAGR. 5 years. That’s it. Don't think they can accumulate that much Bitcoin at that low of a CAGR? Think the Bitcoin CAGR has to go higher? Cool. That only helps Strategy buy more Bitcoin. The bear case is basically: “Sure, they are absorbing multiples of new supply, building the largest corporate Bitcoin balance sheet in history, converting fiat capital markets into Bitcoin ownership, and compounding NAV at escape velocity, but have you considered that I am emotionally upset?” MSTR is becoming the most aggressive Bitcoin accumulation machine ever built. The fiat world is still modeling it like a tech stock with a weird treasury policy. GOOD LUCK.

🔥STRATEGY WILL BE THE WORLD'S MOST VALUABLE COMPANY🔥 Strategy bought OVER 56,000 Bitcoin in April. That number is so absurd people are psychologically incapable of processing it. Post-halving miners produce roughly 13,500 BTC per month. Strategy just bought about 4.1x an entire month of new miner supply in one month. Now run the simple monster math: Today: Strategy BTC stack: 818,334 BTC Bitcoin price: $76,196 Bitcoin NAV: $62.35B Assume Strategy keeps buying 56,000 BTC per month for 5 years. That is: ASSUMING STRC GROWTH TOTALLY STOPS (LOL) ~672,000 BTC per year ~3,360,000 BTC over 5 years Their stack goes from: 818,334 BTC to 4,178,334 BTC Now assume Bitcoin compounds at 25% CAGR. Bitcoin goes from: $76,196 to roughly: $232,532 So the Bitcoin NAV becomes: 4,178,334 BTC × $232,532 = roughly $971.5 BILLION Almost $1 TRILLION in Bitcoin NAV. And the funniest part? This model assumes no mNAV expansion. No premium insanity. No additional acceleration. No credit flywheel getting stronger. No market panic as everyone realizes Strategy is vacuuming Bitcoin off the planet like a publicly traded monetary black hole. Just: 56,000 BTC per month. 25% Bitcoin CAGR. 5 years. That’s it. Don't think they can accumulate that much Bitcoin at that low of a CAGR? Think the Bitcoin CAGR has to go higher? Cool. That only helps Strategy buy more Bitcoin. The bear case is basically: “Sure, they are absorbing multiples of new supply, building the largest corporate Bitcoin balance sheet in history, converting fiat capital markets into Bitcoin ownership, and compounding NAV at escape velocity, but have you considered that I am emotionally upset?” MSTR is becoming the most aggressive Bitcoin accumulation machine ever built. The fiat world is still modeling it like a tech stock with a weird treasury policy. GOOD LUCK.

Adam Livingston

61,562 次观看 • 3 个月前

$GME very underwhelming Bitcoin purchase and 0 conviction from management $MTPLF trading at a 6x mNAV $WGMI Bitcoin miners continue to disappoint $SMLR had a nice bounce but not sure how far it can go $XXI merger still hasn't gone through and no business plan has been shared All the new LBEs are still getting their engines running and processes down for buying Bitcoin Meanwhile $MSTR is trading at a 1.8x mNAV with the lowest implied volatility in years. They have the most to gain from another run to new Bitcoin all time highs. $STRK/$STRF both trading above par with massive ATMs at the ready. Metaplanet is great, but there is no company in the same solar system as Strategy. Their ability to transmute fiat capital into Bitcoin is unmatched. If you're looking for the best sandbox to play in this summer, $MSTR could be it

$GME very underwhelming Bitcoin purchase and 0 conviction from management $MTPLF trading at a 6x mNAV $WGMI Bitcoin miners continue to disappoint $SMLR had a nice bounce but not sure how far it can go $XXI merger still hasn't gone through and no business plan has been shared All the new LBEs are still getting their engines running and processes down for buying Bitcoin Meanwhile $MSTR is trading at a 1.8x mNAV with the lowest implied volatility in years. They have the most to gain from another run to new Bitcoin all time highs. $STRK/$STRF both trading above par with massive ATMs at the ready. Metaplanet is great, but there is no company in the same solar system as Strategy. Their ability to transmute fiat capital into Bitcoin is unmatched. If you're looking for the best sandbox to play in this summer, $MSTR could be it

Matt

81,968 次观看 • 1 年前

Real 24/7 trading is live on Solana. Millions of Solana users can now tap into real market liquidity anytime with Ondo tokenized stocks, even at size. While others have claimed 24/7 trading, this has only ever been for CEX or DEX transfers where limited liquidity leads to consistently high execution costs. Ondo does it differently. Ondo's 24/7 liquidity model supports actual minting & redemptions for tokenized stocks at the current market price around the clock: ✅ Weekends ✅ Public holidays ✅ Overnight sessions SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon are live now with more assets coming soon. Check the deep liquidity for yourself on Solana this weekend. This builds on Ondo's 24/5 minting/redemptions & 24/7 permissionless transfers for all Ondo tokenized stocks. Always-on markets for the world's most in-demand assets is no longer just a vision. The future is here and it's live on Solana.

Real 24/7 trading is live on Solana. Millions of Solana users can now tap into real market liquidity anytime with Ondo tokenized stocks, even at size. While others have claimed 24/7 trading, this has only ever been for CEX or DEX transfers where limited liquidity leads to consistently high execution costs. Ondo does it differently. Ondo's 24/7 liquidity model supports actual minting & redemptions for tokenized stocks at the current market price around the clock: ✅ Weekends ✅ Public holidays ✅ Overnight sessions SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon are live now with more assets coming soon. Check the deep liquidity for yourself on Solana this weekend. This builds on Ondo's 24/5 minting/redemptions & 24/7 permissionless transfers for all Ondo tokenized stocks. Always-on markets for the world's most in-demand assets is no longer just a vision. The future is here and it's live on Solana.

Ondo Finance

148,749 次观看 • 26 天前

The Bitcoin Bookshelf is the corner of the library where people from all backgrounds can come to discover what Bitcoin is. By taking out the intimidation, we will create an environment for us to strengthen the code, the software, and the network behind it. We have created a place for discovery, for families and friends to learn together and teach one another about the benefits of a decentralized future. I want to thank all the sponsors that helped make this dream a reality, and all the authors who donated all of the books for this project. We are working hard to bringing a bookshelf to all corners of the world, a dedicated section in all libraries so everyone can have access to financial freedom.

The Bitcoin Bookshelf is the corner of the library where people from all backgrounds can come to discover what Bitcoin is. By taking out the intimidation, we will create an environment for us to strengthen the code, the software, and the network behind it. We have created a place for discovery, for families and friends to learn together and teach one another about the benefits of a decentralized future. I want to thank all the sponsors that helped make this dream a reality, and all the authors who donated all of the books for this project. We are working hard to bringing a bookshelf to all corners of the world, a dedicated section in all libraries so everyone can have access to financial freedom.

Alejandra Guajardo | Miss Bitcoin

12,764 次观看 • 1 年前

🌟 BREAKING: THE NEW GOLDEN AGE HAS BEGUN 🌟 WARNING: THE KING OF THE WORLD IS HERE The era of endless debt, corruption, and hidden agendas is officially coming to an end. A powerful new chapter for humanity is unfolding — one of prosperity, transparency, freedom, and abundance for all. No more financial slavery. No more elite control. The shift to a debt-free, corruption-free world is now in motion. The Golden Age is not coming… It is HERE. This is the dawn of a new era where truth prevails, justice is restored, and every person can thrive without the chains of the old system holding them back. Stay alert. Stay united. The storm is clearing, and the light is breaking through. Share this if you’re ready for the New Golden Age! 🔥 Wake up🚨 wake up 🚨

🌟 BREAKING: THE NEW GOLDEN AGE HAS BEGUN 🌟 WARNING: THE KING OF THE WORLD IS HERE The era of endless debt, corruption, and hidden agendas is officially coming to an end. A powerful new chapter for humanity is unfolding — one of prosperity, transparency, freedom, and abundance for all. No more financial slavery. No more elite control. The shift to a debt-free, corruption-free world is now in motion. The Golden Age is not coming… It is HERE. This is the dawn of a new era where truth prevails, justice is restored, and every person can thrive without the chains of the old system holding them back. Stay alert. Stay united. The storm is clearing, and the light is breaking through. Share this if you’re ready for the New Golden Age! 🔥 Wake up🚨 wake up 🚨

ᶜᵒᵐᵐᵉᶰᵗᵃʳʸ MR. Q

12,080 次观看 • 4 个月前

Saylor’s Bitcoin Machine Meets the Cash Reality The real story is not that Strategy may sell up to $1.25B of Bitcoin. The bigger story is that it has moved from a simple accumulation narrative into a complex capital markets machine. The old pitch was buy Bitcoin, never sell, increase Bitcoin per share. The new structure has preferred stock, convertible debt, reserves, buybacks, dividend obligations, and now a BTC monetization plan. That shift matters because Bitcoin does not produce cash flow. Preferred dividends and interest expense do. Strategy says it has about $2.55B in USD reserves and roughly $1.76B in annual preferred dividend and interest obligations. That sounds like about 17 months of coverage, but that number is static. It assumes no future dividend increases, no stress, no buybacks, no taxes, no transaction costs, and no deterioration in capital market access. If they keep raising the STRC dividend to defend the price near par, the cash burn rises and the runway gets shorter. The Digital Credit Problem STRC is marketed as digital credit, but economically it behaves like a high yield perpetual preferred stock tied to confidence in a Bitcoin balance sheet. It is not normal debt because there is no traditional maturity. It is not common equity because it sits ahead of common shareholders and carries a large cash distribution expectation. The design is clever but circular. STRC’s dividend can be adjusted to keep the security near $99 to $100. The dividend was raised to 12%, which may support the price, but it also raises cash burn. If STRC trades below par, Strategy may raise the dividend again. If the dividend rises, the reserve coverage shrinks. If cash gets tight, Strategy needs new issuance, reserves, or Bitcoin sales. The compounding issue makes the structure even more fragile. If dividends are paid on time, they do not compound against the company. But if payments are deferred or missed, unpaid dividends can accumulate and compound monthly until paid. That means a liquidity problem does not just sit there. It can grow on itself. Where The Fragility Lives Strategy owns a volatile, non cash flowing asset and has layered cash obligations on top of it. That works when Bitcoin rises, MSTR trades at a premium, and investors are hungry for yield. It gets harder when Bitcoin falls, spreads widen, or investors demand higher returns. Selling Bitcoin now changes the narrative. Bitcoin is no longer just the sacred reserve asset. It is now a liquidity backstop for dividends, reserves, interest, and buybacks. The $1.25B monetization program adds runway, but it also proves the point. Cash promises need cash sources. That creates the feedback loop. If Bitcoin falls, asset coverage weakens. If STRC trades lower, required yields rise. If yields rise, Strategy may need to raise the dividend. If the dividend rises, cash burn accelerates. If issuance slows, reserves get used. If reserves fall, Bitcoin sales become more likely. If those sales look defensive, confidence weakens further. My Take Common shareholders own the upside, but they sit below debt and preferred claims. Preferred holders get high yield, but they rely on Strategy’s ability to maintain reserves, issue securities, monetize Bitcoin, and keep market confidence intact. This is no longer just a Bitcoin bet. It is a Bitcoin liquidity bet, a capital markets access bet, and a confidence bet. Strategy can survive if Bitcoin rises, MSTR keeps a premium, and yield investors keep funding the machine. If two fail at once, the model becomes fragile. The key red flags are STRC below par, dividend hikes that fail to restore the price, reserve coverage under 12 months, unpaid dividends compounding, visible Bitcoin sales, MSTR near or below NAV, and preferred yields widening. The structure can work, but not forever on narrative alone. Eventually, cash obligations meet cash sources. That is where the risk lives.

Saylor’s Bitcoin Machine Meets the Cash Reality The real story is not that Strategy may sell up to $1.25B of Bitcoin. The bigger story is that it has moved from a simple accumulation narrative into a complex capital markets machine. The old pitch was buy Bitcoin, never sell, increase Bitcoin per share. The new structure has preferred stock, convertible debt, reserves, buybacks, dividend obligations, and now a BTC monetization plan. That shift matters because Bitcoin does not produce cash flow. Preferred dividends and interest expense do. Strategy says it has about $2.55B in USD reserves and roughly $1.76B in annual preferred dividend and interest obligations. That sounds like about 17 months of coverage, but that number is static. It assumes no future dividend increases, no stress, no buybacks, no taxes, no transaction costs, and no deterioration in capital market access. If they keep raising the STRC dividend to defend the price near par, the cash burn rises and the runway gets shorter. The Digital Credit Problem STRC is marketed as digital credit, but economically it behaves like a high yield perpetual preferred stock tied to confidence in a Bitcoin balance sheet. It is not normal debt because there is no traditional maturity. It is not common equity because it sits ahead of common shareholders and carries a large cash distribution expectation. The design is clever but circular. STRC’s dividend can be adjusted to keep the security near $99 to $100. The dividend was raised to 12%, which may support the price, but it also raises cash burn. If STRC trades below par, Strategy may raise the dividend again. If the dividend rises, the reserve coverage shrinks. If cash gets tight, Strategy needs new issuance, reserves, or Bitcoin sales. The compounding issue makes the structure even more fragile. If dividends are paid on time, they do not compound against the company. But if payments are deferred or missed, unpaid dividends can accumulate and compound monthly until paid. That means a liquidity problem does not just sit there. It can grow on itself. Where The Fragility Lives Strategy owns a volatile, non cash flowing asset and has layered cash obligations on top of it. That works when Bitcoin rises, MSTR trades at a premium, and investors are hungry for yield. It gets harder when Bitcoin falls, spreads widen, or investors demand higher returns. Selling Bitcoin now changes the narrative. Bitcoin is no longer just the sacred reserve asset. It is now a liquidity backstop for dividends, reserves, interest, and buybacks. The $1.25B monetization program adds runway, but it also proves the point. Cash promises need cash sources. That creates the feedback loop. If Bitcoin falls, asset coverage weakens. If STRC trades lower, required yields rise. If yields rise, Strategy may need to raise the dividend. If the dividend rises, cash burn accelerates. If issuance slows, reserves get used. If reserves fall, Bitcoin sales become more likely. If those sales look defensive, confidence weakens further. My Take Common shareholders own the upside, but they sit below debt and preferred claims. Preferred holders get high yield, but they rely on Strategy’s ability to maintain reserves, issue securities, monetize Bitcoin, and keep market confidence intact. This is no longer just a Bitcoin bet. It is a Bitcoin liquidity bet, a capital markets access bet, and a confidence bet. Strategy can survive if Bitcoin rises, MSTR keeps a premium, and yield investors keep funding the machine. If two fail at once, the model becomes fragile. The key red flags are STRC below par, dividend hikes that fail to restore the price, reserve coverage under 12 months, unpaid dividends compounding, visible Bitcoin sales, MSTR near or below NAV, and preferred yields widening. The structure can work, but not forever on narrative alone. Eventually, cash obligations meet cash sources. That is where the risk lives.

EndGame Macro

33,374 次观看 • 1 个月前

STARLINK HITS iPHONES—TEXT FROM ANYWHERE! iOS 18.3 changed the game! Starlink satellite texting is now live for T-Mobile beta testers, keeping connections alive no matter where you are. No towers? No service? No problem. Calls and data are next—this is just the beginning of a whole new era in communication. The future of messaging is officially untethered. Source: Bloomberg, Starlink

STARLINK HITS iPHONES—TEXT FROM ANYWHERE! iOS 18.3 changed the game! Starlink satellite texting is now live for T-Mobile beta testers, keeping connections alive no matter where you are. No towers? No service? No problem. Calls and data are next—this is just the beginning of a whole new era in communication. The future of messaging is officially untethered. Source: Bloomberg, Starlink

Mario Nawfal

1,546,115 次观看 • 1 年前