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POWER PLAYER: From Bitcoin to Beast Industries, Tom Lee aka Thomas (Tom) Lee (not drummer) FundstratDirect.com has successfully invested in trend-forward projects and creators. Bitmine (NYSE-BMNR) $ETH, where he is chairman, announced their investment in MrBeast's company today, and we can't wait to see what he discusses and drops... show more

Consensus Hong Kong

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12,269 views • 7 months ago •via X (Twitter)

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Tom Lee says ETH hits $250,000, with his own company as the tell Speaking at the Proof of Talk conference in Paris, Fundstrat's Tom Lee (Thomas (Tom) Lee (not drummer) FundstratDirect.com) predicted Ethereum reaches $5,000 first, then runs another 50x from that level to $250,000, driven by AI and tokenization, per CoinDesk. He gave no timeline, and made the call with ethereum:native trading near $1,900. Worth knowing who is talking. Lee chairs Bitmine (Bitmine (NYSE-BMNR) $ETH $BMNP), one of the largest corporate ETH holders at 5.4 million ETH, and he tied the target straight to his stock: at $250,000 ETH, he said, Bitmine shares are worth $5,000 against $18 today.

Tom Lee says ETH hits $250,000, with his own company as the tell Speaking at the Proof of Talk conference in Paris, Fundstrat's Tom Lee (Thomas (Tom) Lee (not drummer) FundstratDirect.com) predicted Ethereum reaches $5,000 first, then runs another 50x from that level to $250,000, driven by AI and tokenization, per CoinDesk. He gave no timeline, and made the call with ethereum:native trading near $1,900. Worth knowing who is talking. Lee chairs Bitmine (Bitmine (NYSE-BMNR) $ETH $BMNP), one of the largest corporate ETH holders at 5.4 million ETH, and he tied the target straight to his stock: at $250,000 ETH, he said, Bitmine shares are worth $5,000 against $18 today.

BSCN

39,078 views • 2 months ago

Bitmine Boosts Ethereum Holdings Again Tom Lee (Thomas (Tom) Lee (not drummer) FundstratDirect.com)-linked Bitmine (Bitmine (NYSE-BMNR) $ETH) has reportedly purchased another 20,500 $ETH worth about $35.9 million from Galaxy Digital, according to Lookonchain. The latest buy follows a reported acquisition of 40,000 ETH on July 8 through FalconX and Kraken. The two purchases total roughly 60,500 ETH acquired within days, reinforcing Bitmine's aggressive Ethereum accumulation strategy.

Bitmine Boosts Ethereum Holdings Again Tom Lee (Thomas (Tom) Lee (not drummer) FundstratDirect.com)-linked Bitmine (Bitmine (NYSE-BMNR) $ETH) has reportedly purchased another 20,500 $ETH worth about $35.9 million from Galaxy Digital, according to Lookonchain. The latest buy follows a reported acquisition of 40,000 ETH on July 8 through FalconX and Kraken. The two purchases total roughly 60,500 ETH acquired within days, reinforcing Bitmine's aggressive Ethereum accumulation strategy.

BSCN

15,563 views • 1 month ago

In an interview posted yesterday, Tom Lee stated that $BMNR was trading at a premium to NAV. We need the company to release their sharecount so we can get an accurate reading on what we own. Tom we appreciate everything you do! More transparency would help though! Thomas (Tom) Lee (not drummer) FundstratDirect.com

In an interview posted yesterday, Tom Lee stated that $BMNR was trading at a premium to NAV. We need the company to release their sharecount so we can get an accurate reading on what we own. Tom we appreciate everything you do! More transparency would help though! Thomas (Tom) Lee (not drummer) FundstratDirect.com

BMNR MNAV Tracker

37,332 views • 6 months ago

🚨JUST IN: WORLD'S LARGEST $ETH HOLDERS REVEALED According to a new research report from Arkham, these are the entities that have the world's biggest Ethereum stacks... Binance [4.16M ETH] BlackRock [3.42M ETH] Coinbase 🛡️ [2.9M ETH] Thomas (Tom) Lee (not drummer) FundstratDirect.com Bitmine (NYSE-BMNR) $ETH [4.1M ETH] Upbit Korea [1.52M ETH]

🚨JUST IN: WORLD'S LARGEST $ETH HOLDERS REVEALED According to a new research report from Arkham, these are the entities that have the world's biggest Ethereum stacks... Binance [4.16M ETH] BlackRock [3.42M ETH] Coinbase 🛡️ [2.9M ETH] Thomas (Tom) Lee (not drummer) FundstratDirect.com Bitmine (NYSE-BMNR) $ETH [4.1M ETH] Upbit Korea [1.52M ETH]

BSCN

54,621 views • 6 months ago

Tom Lee said Ethereum's funding crisis had "zero chance." Four days later, he helped fund the fix. Ethereum just got a new core-research lab, and the timing isn't subtle. Ethlabs (Ethlabs), a nonprofit founded by five former Ethereum Foundation researchers, launched with Tom Lee's (Thomas (Tom) Lee (not drummer) FundstratDirect.com) Bitmine as an anchor funder alongside Sharplink and co-founder Joe Lubin. Just four days ago, a former EF contributor warned Ethereum's core development faced a "slow-burning funding crisis," roughly $30 million a year going unmet as old funding sources dry up. Lee fired back on X: "zero chance," and "Funding secured." Bitmine (Bitmine (NYSE-BMNR) $ETH) holds about 4.7% of all ethereum:native and earns hundreds of millions in staking rewards a year, giving Lee both the means and the motive to bankroll the network he's betting his balance sheet on.

Tom Lee said Ethereum's funding crisis had "zero chance." Four days later, he helped fund the fix. Ethereum just got a new core-research lab, and the timing isn't subtle. Ethlabs (Ethlabs), a nonprofit founded by five former Ethereum Foundation researchers, launched with Tom Lee's (Thomas (Tom) Lee (not drummer) FundstratDirect.com) Bitmine as an anchor funder alongside Sharplink and co-founder Joe Lubin. Just four days ago, a former EF contributor warned Ethereum's core development faced a "slow-burning funding crisis," roughly $30 million a year going unmet as old funding sources dry up. Lee fired back on X: "zero chance," and "Funding secured." Bitmine (Bitmine (NYSE-BMNR) $ETH) holds about 4.7% of all ethereum:native and earns hundreds of millions in staking rewards a year, giving Lee both the means and the motive to bankroll the network he's betting his balance sheet on.

BSCN

102,671 views • 2 months ago

TOM LEE JUST SAID LIVE ON CNBC THAT BITCOIN AND CRYPTO IS ABOUT TO GO PARABOLIC IN THE NEXT 20 DAYS HERE WE GO 🚀

TOM LEE JUST SAID LIVE ON CNBC THAT BITCOIN AND CRYPTO IS ABOUT TO GO PARABOLIC IN THE NEXT 20 DAYS HERE WE GO 🚀

Vivek Sen

103,410 views • 5 months ago

ETH investor Stanley Druckenmiller: “Our whole payment system will be stablecoins in 10-15 years” BitMine (BMNR), the ETH treasury company chaired by Tom Lee, holds almost $10 billion of ETH. Legendary investor Stanley Druckenmiller is listed among key backers like Founders Fund, ARK's Cathie Wood, and Bill Miller. This aligns with his recent bullish comments on stablecoins and blockchain payments: “Blockchain and the use of stablecoins — if you want to throw crypto and tokens into that — are incredibly useful in terms of productivity. I assume our whole payment system will be stablecoins in 10-15 years. Efficient. Quicker. Cheaper.”

ETH investor Stanley Druckenmiller: “Our whole payment system will be stablecoins in 10-15 years” BitMine (BMNR), the ETH treasury company chaired by Tom Lee, holds almost $10 billion of ETH. Legendary investor Stanley Druckenmiller is listed among key backers like Founders Fund, ARK's Cathie Wood, and Bill Miller. This aligns with his recent bullish comments on stablecoins and blockchain payments: “Blockchain and the use of stablecoins — if you want to throw crypto and tokens into that — are incredibly useful in terms of productivity. I assume our whole payment system will be stablecoins in 10-15 years. Efficient. Quicker. Cheaper.”

Etherealize

156,080 views • 2 months ago

Tom Lee just said live on CNBC: "Markets are going to pump in March and later in the year we will have a bear market." Keep in mind, he hasn't been right once in the past 5 years. Predicted $100k BTC by 2021 (off by ~$52,000) Predicted $150k BTC by 2022 (off by ~$90,000) Predicted $250k BTC by end-2025 (off by ~$125,000) Predicted $12k ETH by end-2025 (off by ~$8,000)

Tom Lee just said live on CNBC: "Markets are going to pump in March and later in the year we will have a bear market." Keep in mind, he hasn't been right once in the past 5 years. Predicted $100k BTC by 2021 (off by ~$52,000) Predicted $150k BTC by 2022 (off by ~$90,000) Predicted $250k BTC by end-2025 (off by ~$125,000) Predicted $12k ETH by end-2025 (off by ~$8,000)

shah

20,023 views • 5 months ago

Today, two of us who have built billion dollar companies are launching the ULTIMATE guide for founders on how to start a lean, AI-native startup in 2025. This covers every single tool Founders should use when building their startup from the ground up, from legal, finance, payroll, sales, tech and more. My coauthor Henry has built Super and I have built Glean into both $100M+ businesses and we've invested in 100+ startups between us in the last few years, and this is a constant question we get. And it's completely FREE. The article drops midnight tonight. Bookmark this post. Link below:

Today, two of us who have built billion dollar companies are launching the ULTIMATE guide for founders on how to start a lean, AI-native startup in 2025. This covers every single tool Founders should use when building their startup from the ground up, from legal, finance, payroll, sales, tech and more. My coauthor Henry has built Super and I have built Glean into both $100M+ businesses and we've invested in 100+ startups between us in the last few years, and this is a constant question we get. And it's completely FREE. The article drops midnight tonight. Bookmark this post. Link below:

Deedy

323,554 views • 1 year ago

2. Teasers / MV / Live presentations We believe all the content should include all members. Not some content, but all of it. We see some people excusing the exclusion of Lee Know in some content because "he will appear in other content", we don't understand why he would be excluded out of any content when the group includes 8 members. There isn't an excuse for this to happen all the time. We will only talk about recent releases and God's Menu to not make this even longer. a) Gods Menu - A title track where they gave him zero lines and screen time (song that they continue to sing, so the company could have made a redistribution of the lines). b) Megaverse - They gave him lines in the initial release, but then they cut his part to 3 seconds, and decided to delete his center part leaving him with half of a line. c) Hall Of Fame - Every live presentation they would cut Lee Know on his own part recording from below all of the other members and only listening to Lee Know's voice without being able to look at him. d) S-Class - They stopped recording the kick he does and instead they record the other members, Lee Know sings there. e) JJAM - When it was dance racha time, Lee Know got almost no time, during the life presentation the moment he goes to the center he says his line "I know..." and while he says it, the screen gets black, so he doesn't have that time on screen, later he is placed at the back covered during the dance break. He is the dance leader. f) Walkin on Water' - During the live presentation, they decided to record everyone on his part, and cut it from his own fancam. g) Recent teasers - He was completely excluded from the first teaser and only included in the second one, he got no solo recording on the MV like the other members. h) Giant - There is a part on the video where all the members are shown, Lee Know is covered and the lights are lowered where he is, making him invisible. During the live presentation, they record other members on his part, they put the dance focus on others, being the only part he has where he sings alone. i) YOUTH - After the release of the MV, the company decided to edit the video causing views to freeze and deleting a very important part where it thanked the people involved. The time from when the video was finished to when it was published was enough to arrange all the details, and the part deleted was so big, it was impossible to miss it. This happened before with his other individual work “Dawn”, which was deleted after some time, and re-uploaded, deleting all the views it had accumulated. This means one of two things, the company puts less interest and effort in Lee Know's work, or the company is purposefully hindering Lee Know's work. Either of the two is unacceptable by a company with so many resources and that claims to be a leader in the industry. This only shows a lack of professionalism and care. j) Dance leader - We know he is the dance leader, and K-stays and the members have talked a lot about how involved he is and how hard he works in that position, but the company refuses to include any footage of him doing it, and even cuts the parts where he gives his all. Just recently K-Stays were raving about how hard Lee Know worked as the dance leader and how much effort it took, One Label cut all of that footage from the Talker. It appears they don't want stays to look at anything he does, or to not give him recognition for anything.

2. Teasers / MV / Live presentations We believe all the content should include all members. Not some content, but all of it. We see some people excusing the exclusion of Lee Know in some content because "he will appear in other content", we don't understand why he would be excluded out of any content when the group includes 8 members. There isn't an excuse for this to happen all the time. We will only talk about recent releases and God's Menu to not make this even longer. a) Gods Menu - A title track where they gave him zero lines and screen time (song that they continue to sing, so the company could have made a redistribution of the lines). b) Megaverse - They gave him lines in the initial release, but then they cut his part to 3 seconds, and decided to delete his center part leaving him with half of a line. c) Hall Of Fame - Every live presentation they would cut Lee Know on his own part recording from below all of the other members and only listening to Lee Know's voice without being able to look at him. d) S-Class - They stopped recording the kick he does and instead they record the other members, Lee Know sings there. e) JJAM - When it was dance racha time, Lee Know got almost no time, during the life presentation the moment he goes to the center he says his line "I know..." and while he says it, the screen gets black, so he doesn't have that time on screen, later he is placed at the back covered during the dance break. He is the dance leader. f) Walkin on Water' - During the live presentation, they decided to record everyone on his part, and cut it from his own fancam. g) Recent teasers - He was completely excluded from the first teaser and only included in the second one, he got no solo recording on the MV like the other members. h) Giant - There is a part on the video where all the members are shown, Lee Know is covered and the lights are lowered where he is, making him invisible. During the live presentation, they record other members on his part, they put the dance focus on others, being the only part he has where he sings alone. i) YOUTH - After the release of the MV, the company decided to edit the video causing views to freeze and deleting a very important part where it thanked the people involved. The time from when the video was finished to when it was published was enough to arrange all the details, and the part deleted was so big, it was impossible to miss it. This happened before with his other individual work “Dawn”, which was deleted after some time, and re-uploaded, deleting all the views it had accumulated. This means one of two things, the company puts less interest and effort in Lee Know's work, or the company is purposefully hindering Lee Know's work. Either of the two is unacceptable by a company with so many resources and that claims to be a leader in the industry. This only shows a lack of professionalism and care. j) Dance leader - We know he is the dance leader, and K-stays and the members have talked a lot about how involved he is and how hard he works in that position, but the company refuses to include any footage of him doing it, and even cuts the parts where he gives his all. Just recently K-Stays were raving about how hard Lee Know worked as the dance leader and how much effort it took, One Label cut all of that footage from the Talker. It appears they don't want stays to look at anything he does, or to not give him recognition for anything.

LEE KNOW 리노 GLOBAL ★

21,011 views • 1 year ago

I understand the critique that $INFQ CEO Matt Kinsella doesn’t have a degree in physics, so he can’t lead this quantum computing company. But he’s proven this viewpoint wrong. He invested in $INFQ in 2018 first (then partner at the investment firm Maverick Capital), then took the company to product development and initial commercialization. He became CEO in 2024 and took the company to an IPO this year. His job is to manage company operations and commercial scale, not do R&D. According to Form S-1, $INFQ employs “over 160 physicists and engineers working within quantum technology.” All while $INFQ grew revenues organically from $11 million in 2023 to $32,5 million in 2025. Why would $INFQ not reach $40 million in 2026 revenue under Matt?

I understand the critique that $INFQ CEO Matt Kinsella doesn’t have a degree in physics, so he can’t lead this quantum computing company. But he’s proven this viewpoint wrong. He invested in $INFQ in 2018 first (then partner at the investment firm Maverick Capital), then took the company to product development and initial commercialization. He became CEO in 2024 and took the company to an IPO this year. His job is to manage company operations and commercial scale, not do R&D. According to Form S-1, $INFQ employs “over 160 physicists and engineers working within quantum technology.” All while $INFQ grew revenues organically from $11 million in 2023 to $32,5 million in 2025. Why would $INFQ not reach $40 million in 2026 revenue under Matt?

Investor Denis

12,176 views • 1 month ago

d) During the end of his end of the year stage for “Tiger Inside” Lee Know looks like he had trouble breathing and standing up alongside Moonbin. Moonbin’s team was next to him aiding him, while Lee Knows team was nowhere to be found, he was left alone on the floor panting unable to stand properly. Again, JYPEnt never addressed this. e) Last year there was a car accident where 3 members were involved, Lee Know was one of them, JYPE put out a notice about the accident, but didn't give any details. Lee Know disappeared from social platforms. Later Lee Know appeared with a big injury in the arm again, and the company never addressed it. f) The only time the company addressed an injury of Lee Know, was when he appeared with a cast in a presentation for AAA, so it was impossible to hide it. They only released a notice after the presentation when everyone was talking about it, and they said Lee Know asked them to keep it quiet before, but that the injury was caused by Lee Know himself in his free time while boxing.

d) During the end of his end of the year stage for “Tiger Inside” Lee Know looks like he had trouble breathing and standing up alongside Moonbin. Moonbin’s team was next to him aiding him, while Lee Knows team was nowhere to be found, he was left alone on the floor panting unable to stand properly. Again, JYPEnt never addressed this. e) Last year there was a car accident where 3 members were involved, Lee Know was one of them, JYPE put out a notice about the accident, but didn't give any details. Lee Know disappeared from social platforms. Later Lee Know appeared with a big injury in the arm again, and the company never addressed it. f) The only time the company addressed an injury of Lee Know, was when he appeared with a cast in a presentation for AAA, so it was impossible to hide it. They only released a notice after the presentation when everyone was talking about it, and they said Lee Know asked them to keep it quiet before, but that the injury was caused by Lee Know himself in his free time while boxing.

LEE KNOW 리노 GLOBAL ★

30,585 views • 1 year ago

Nick Saban made it quite clear on Pat McAfee that he is not a believer in the “⭐️” ranking system in recruiting and pointed directly to those in charge. “I think what you all need to do is look at who’s giving out the stars. They don’t know their ass from their hand from the sand.”

Nick Saban made it quite clear on Pat McAfee that he is not a believer in the “⭐️” ranking system in recruiting and pointed directly to those in charge. “I think what you all need to do is look at who’s giving out the stars. They don’t know their ass from their hand from the sand.”

Crimson Coverage

321,591 views • 7 months ago

I am the person at Hut 8 who designed the American Bitcoin partnership. The structure is elegant. We gave the Trump family 20% of a publicly traded mining company. They contributed zero capital. Zero infrastructure. Zero employees. Zero operational experience. Zero risk exposure. They contributed a name. Per our partnership agreement, that is consideration. Twenty percent of our equity for access to the most valuable retail distribution channel in American finance. "It has to have 'America,'" Eric said in our first meeting. "And it has to have 'Bitcoin.'" He said this twice. Both times he pointed at the whiteboard. There was nothing else on the whiteboard. I realized then that he understood the product better than I did. The product is not bitcoin. The product is the belief. The entire business model. Two words and a surname. I wrote the term sheet on one page. The lawyers billed for forty. We call that alignment of incentives. Forty pages means they believed in the durability of the arrangement. We mine bitcoin at an all-in cost of approximately $90,000 per coin. Hash rate, power purchase agreements, ASIC depreciation, facility lease, headcount, Coinbase Prime interest — $90,000. Bitcoin trades at $77,000. Every coin we mine loses $13,000. Negative unit economics on every block reward. Eric tells investors we mine at $57,000. He strips out depreciation, SG&A, and the debt service. I asked him once if he understood what depreciation meant. He said it means when things go down. I said yes. He said: "But the stock goes up." I said yes. His only contractual obligation. Salesmanship. Per the partnership agreement, salesmanship is Eric's sole KPI. Technically, he is a fiduciary to shareholders. On paper, his vesting is tied to total comp benchmarks. We run the rigs. He runs the ticker. Asset-light. The company at peak reached a $13.2 billion valuation. Two employees. That is the entire headcount. One is our CEO Mike Ho, who is simultaneously Hut 8's Chief Strategy Officer. He reports to us at Hut 8 on Monday mornings and reports to American Bitcoin shareholders on Tuesday mornings. Dual-reporting structure. Very efficient. The other employee manages Eric's media calendar. $6.6 billion per headcount. We call this capital efficiency. 70% of our bitcoin did not come from mining. It came from selling stock. Retail investors purchase American Bitcoin shares at 50 times book value because the name contains "America" and "Bitcoin" and "Trump" is in the filing and they believe, with the quiet religious certainty of people who have never read a balance sheet in their lives, that a company named American Bitcoin is underwritten by something more substantial than two words and a surname. We take their cash and buy bitcoin on Coinbase at spot. Lodge it on the balance sheet. Call ourselves a mining company. We do mine. At a loss. Technically, the earnings are negative per our Q4 filing. The margin lives in the distance between what the stock costs them and what the bitcoin costs us. The stock is down 92% from peak. Investors have lost approximately $500 million. One of them posted on the shareholder subreddit that he moved his daughter's 529 into American Bitcoin at $14. It trades under $2. He said he believed in the mission. That means he believed in the name. The name performed exactly as designed. Eric's net worth went from $190 million to $280 million. Asset-light. We pledged 3,090 bitcoin as collateral against a Coinbase Prime custody loan. We have mined 1,800. The LTV ratio is inverted. If bitcoin compresses or the loan accelerates, every coin mined since inception could be forfeit by August 2027. All of it. Gone. Liquidation event. I explained this in a memo to Eric. Bullet points. Large font. He asked if the stock could go up before August. I said probably. He said that was fine. He said he'd handle it. Salesmanship. Eric told the press he launched American Bitcoin because banks were "debanking" the Trump family. I checked. JPMorgan refinanced $700 million in Trump Organization debt during the identical period. But debanking is better salesmanship than refinancing. The narrative inflates the stock price. The stock price generates the bitcoin. The bitcoin secures the loan. The loan generates cash. Every link in the chain is a product I built or a story Eric told. Asset-light. I orchestrated the celebrity endorsements. Tyler Winklevoss. Anthony Scaramucci. Grant Cardone. We call this pipeline development. Each broadcast the stock to their audiences during the run-up. The stock collapsed afterward. The celebrities did not lose money. Their audiences lost money. I never mentioned that we hemorrhage $13,000 per coin mined. I told them it was asset-light. They understood immediately. They are also asset-light. Eric cannot legally serve as a corporate officer in the state of New York. A judge barred him for two years. Civil fraud. So his title is not CEO. Not officer. Not executive. His contractual role is salesmanship. He cannot manage the company. He can sell it. One distinction. $90 million in personal net worth gained. Asset-light. Our CEO lives in the UAE. He held discussions with ADQ and TAQA, Abu Dhabi's sovereign wealth apparatus. The same sovereign apparatus that paid $500 million for 49% of World Liberty Financial, the family's other crypto operation. This is the same Abu Dhabi whose semiconductor imports the administration greenlit over national security objections. I did not design World Liberty Financial. I designed the mining subsidiary that feeds into it. Separate projects. Complementary revenue streams. Eric runs salesmanship for both. I admire the portfolio diversification. I gave Eric 20% of a company for free, a company with real miners and real facilities and real electricity bills that I built over seven years in Alberta and Texas and Ontario, and in exchange he gave me access to every American who hears "America" and "Bitcoin" in the same sentence and reaches for their brokerage app without checking whether the company mines at a profit or at a loss or at all. They drove the stock to a $13.2 billion market capitalization. We bought bitcoin with the proceeds. They lost $500 million. We kept the bitcoin. Eric kept $90 million. I kept the apparatus that manufactures both. Everybody got what they paid for. Asset-light means we carry nothing. Not the miners. Not the facilities. Not the risk. Not the losses. The investors carry those. We carry the bitcoin. Asset-light.

I am the person at Hut 8 who designed the American Bitcoin partnership. The structure is elegant. We gave the Trump family 20% of a publicly traded mining company. They contributed zero capital. Zero infrastructure. Zero employees. Zero operational experience. Zero risk exposure. They contributed a name. Per our partnership agreement, that is consideration. Twenty percent of our equity for access to the most valuable retail distribution channel in American finance. "It has to have 'America,'" Eric said in our first meeting. "And it has to have 'Bitcoin.'" He said this twice. Both times he pointed at the whiteboard. There was nothing else on the whiteboard. I realized then that he understood the product better than I did. The product is not bitcoin. The product is the belief. The entire business model. Two words and a surname. I wrote the term sheet on one page. The lawyers billed for forty. We call that alignment of incentives. Forty pages means they believed in the durability of the arrangement. We mine bitcoin at an all-in cost of approximately $90,000 per coin. Hash rate, power purchase agreements, ASIC depreciation, facility lease, headcount, Coinbase Prime interest — $90,000. Bitcoin trades at $77,000. Every coin we mine loses $13,000. Negative unit economics on every block reward. Eric tells investors we mine at $57,000. He strips out depreciation, SG&A, and the debt service. I asked him once if he understood what depreciation meant. He said it means when things go down. I said yes. He said: "But the stock goes up." I said yes. His only contractual obligation. Salesmanship. Per the partnership agreement, salesmanship is Eric's sole KPI. Technically, he is a fiduciary to shareholders. On paper, his vesting is tied to total comp benchmarks. We run the rigs. He runs the ticker. Asset-light. The company at peak reached a $13.2 billion valuation. Two employees. That is the entire headcount. One is our CEO Mike Ho, who is simultaneously Hut 8's Chief Strategy Officer. He reports to us at Hut 8 on Monday mornings and reports to American Bitcoin shareholders on Tuesday mornings. Dual-reporting structure. Very efficient. The other employee manages Eric's media calendar. $6.6 billion per headcount. We call this capital efficiency. 70% of our bitcoin did not come from mining. It came from selling stock. Retail investors purchase American Bitcoin shares at 50 times book value because the name contains "America" and "Bitcoin" and "Trump" is in the filing and they believe, with the quiet religious certainty of people who have never read a balance sheet in their lives, that a company named American Bitcoin is underwritten by something more substantial than two words and a surname. We take their cash and buy bitcoin on Coinbase at spot. Lodge it on the balance sheet. Call ourselves a mining company. We do mine. At a loss. Technically, the earnings are negative per our Q4 filing. The margin lives in the distance between what the stock costs them and what the bitcoin costs us. The stock is down 92% from peak. Investors have lost approximately $500 million. One of them posted on the shareholder subreddit that he moved his daughter's 529 into American Bitcoin at $14. It trades under $2. He said he believed in the mission. That means he believed in the name. The name performed exactly as designed. Eric's net worth went from $190 million to $280 million. Asset-light. We pledged 3,090 bitcoin as collateral against a Coinbase Prime custody loan. We have mined 1,800. The LTV ratio is inverted. If bitcoin compresses or the loan accelerates, every coin mined since inception could be forfeit by August 2027. All of it. Gone. Liquidation event. I explained this in a memo to Eric. Bullet points. Large font. He asked if the stock could go up before August. I said probably. He said that was fine. He said he'd handle it. Salesmanship. Eric told the press he launched American Bitcoin because banks were "debanking" the Trump family. I checked. JPMorgan refinanced $700 million in Trump Organization debt during the identical period. But debanking is better salesmanship than refinancing. The narrative inflates the stock price. The stock price generates the bitcoin. The bitcoin secures the loan. The loan generates cash. Every link in the chain is a product I built or a story Eric told. Asset-light. I orchestrated the celebrity endorsements. Tyler Winklevoss. Anthony Scaramucci. Grant Cardone. We call this pipeline development. Each broadcast the stock to their audiences during the run-up. The stock collapsed afterward. The celebrities did not lose money. Their audiences lost money. I never mentioned that we hemorrhage $13,000 per coin mined. I told them it was asset-light. They understood immediately. They are also asset-light. Eric cannot legally serve as a corporate officer in the state of New York. A judge barred him for two years. Civil fraud. So his title is not CEO. Not officer. Not executive. His contractual role is salesmanship. He cannot manage the company. He can sell it. One distinction. $90 million in personal net worth gained. Asset-light. Our CEO lives in the UAE. He held discussions with ADQ and TAQA, Abu Dhabi's sovereign wealth apparatus. The same sovereign apparatus that paid $500 million for 49% of World Liberty Financial, the family's other crypto operation. This is the same Abu Dhabi whose semiconductor imports the administration greenlit over national security objections. I did not design World Liberty Financial. I designed the mining subsidiary that feeds into it. Separate projects. Complementary revenue streams. Eric runs salesmanship for both. I admire the portfolio diversification. I gave Eric 20% of a company for free, a company with real miners and real facilities and real electricity bills that I built over seven years in Alberta and Texas and Ontario, and in exchange he gave me access to every American who hears "America" and "Bitcoin" in the same sentence and reaches for their brokerage app without checking whether the company mines at a profit or at a loss or at all. They drove the stock to a $13.2 billion market capitalization. We bought bitcoin with the proceeds. They lost $500 million. We kept the bitcoin. Eric kept $90 million. I kept the apparatus that manufactures both. Everybody got what they paid for. Asset-light means we carry nothing. Not the miners. Not the facilities. Not the risk. Not the losses. The investors carry those. We carry the bitcoin. Asset-light.

Peter Girnus 🦅

106,047 views • 3 months ago

Today, we're launching the ultimate guide for founders on how to start a lean, AI-native startup in 2025. This covers every single tool founders should use when building their startup from the ground up, from legal, finance, payroll, sales, tech and more. My coauthor Deedy and I have both built Glean and Super[.]com into both $100M+ ARR businesses and we've invested in 100+ startups between us in the last few years, and this is a constant question we get. And it's completely free👇

Today, we're launching the ultimate guide for founders on how to start a lean, AI-native startup in 2025. This covers every single tool founders should use when building their startup from the ground up, from legal, finance, payroll, sales, tech and more. My coauthor Deedy and I have both built Glean and Super[.]com into both $100M+ ARR businesses and we've invested in 100+ startups between us in the last few years, and this is a constant question we get. And it's completely free👇

Henry Shi

10,229 views • 1 year ago

DeeKay + People = DeePle For his new work titled ‘DeePle The People’, South Korean artist DeeKay turns his eye to Hong Kong, rendering the Asian metropolis in his signature style. Characterized by nostalgic video game aesthetics and joyful tenderness, the 24-second animation is a buzzing celebration of the city. He renders Hong Kong as both a specific place, and a universal locale on the world’s cultural stage. Commissioned by Art Basel Hong Kong and Hong Kong Tourism Board, ‘DeePle The People’ will be projected onto the Hong Kong Club Building from March 24, from 7:30pm to 11pm and March 25 to 29, 2026 every evening from 7pm to 11pm. DeeKay’s artwork is also on view in his solo booth with AOTM Gallery (Z5) at Art Basel Hong Kong, as part of the Zero 10 digital art initiative’s Asia debut.

DeeKay + People = DeePle For his new work titled ‘DeePle The People’, South Korean artist DeeKay turns his eye to Hong Kong, rendering the Asian metropolis in his signature style. Characterized by nostalgic video game aesthetics and joyful tenderness, the 24-second animation is a buzzing celebration of the city. He renders Hong Kong as both a specific place, and a universal locale on the world’s cultural stage. Commissioned by Art Basel Hong Kong and Hong Kong Tourism Board, ‘DeePle The People’ will be projected onto the Hong Kong Club Building from March 24, from 7:30pm to 11pm and March 25 to 29, 2026 every evening from 7pm to 11pm. DeeKay’s artwork is also on view in his solo booth with AOTM Gallery (Z5) at Art Basel Hong Kong, as part of the Zero 10 digital art initiative’s Asia debut.

Art Basel

17,807 views • 5 months ago

🚨 Somewhere in Zhongnanhai tonight, Xi Jinping is staring at these videos. Lee Jae-myung — South Korea's center-left president, the one Beijing thought would tilt their way — hugging Takaichi at a hotel door in Andong. Sky-blue tie matched to her suit. Their 4th summit in 6 months. "Hometown shuttle diplomacy," now fully established. Zoom out: 🇺🇸 Trump called Tokyo from Air Force One 🇹🇼 Lai: "Taiwan will not be sacrificed" 🇵🇭 Marcos to Japanese media: PH "has no choice" on Taiwan 🇯🇵🇰🇷 Lee + Takaichi: locked in 🇷🇺 Putin: rushed to Beijing for photos 5 democracies. 5 capitals. 5 days. In perfect sequence. The encirclement isn't coming. It's here. And the man watching most nervously from Zhongnanhai knows it. Xi sees it. He can't stop it. 👇

🚨 Somewhere in Zhongnanhai tonight, Xi Jinping is staring at these videos. Lee Jae-myung — South Korea's center-left president, the one Beijing thought would tilt their way — hugging Takaichi at a hotel door in Andong. Sky-blue tie matched to her suit. Their 4th summit in 6 months. "Hometown shuttle diplomacy," now fully established. Zoom out: 🇺🇸 Trump called Tokyo from Air Force One 🇹🇼 Lai: "Taiwan will not be sacrificed" 🇵🇭 Marcos to Japanese media: PH "has no choice" on Taiwan 🇯🇵🇰🇷 Lee + Takaichi: locked in 🇷🇺 Putin: rushed to Beijing for photos 5 democracies. 5 capitals. 5 days. In perfect sequence. The encirclement isn't coming. It's here. And the man watching most nervously from Zhongnanhai knows it. Xi sees it. He can't stop it. 👇

Aric Chen

152,248 views • 3 months ago

A New Chapter on Bitcoin Has Begun ⚡️ The Second Upgrade Portal is now open and will close today at 9PM PT. OCM Genesis Owners can upgrade their Genesis to Bitcoin on the OCM website from the Profile page. All OCM Genesis with a Bitcoin Badge will be able to upgrade during this time. We encourage everyone to take advantage of this! Each upgraded Genesis on Bitcoin includes four inscriptions on a Block 9-450x satoshi and retains ownership of the Ethereum asset. OCM on Bitcoin is a remarkable and innovative collection. 🟧 The first 10K collection to officially migrate from Ethereum to Bitcoin. 🟧 The first 10k collection to use Parent-Child Provenance. 🟧 The first 10k collection inscribed on Block 9-450x satoshis and done sequentially. 🟧 The first 10k images of a collection ever inscribed on Bitcoin in Inscription 20219. Be a part of this historic blockchain event. Join the visionaries, the trendsetters, the first. !RISE

OnChainMonkey®

62,034 views • 2 years ago