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🚨 PSA 🚨 There are approximately 338 days until the next bitcoin halving. There is only 1 retirement account that pays you in #bitcoin daily. Plan accordingly. ❤️ & 🔁 this tweet and we'll unlock up to 10x Blinko (BTC) bonuses through the end of the day.

Choice 🎉

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11,377 views • 3 years ago •via X (Twitter)

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There are still 3 days left before Bitcoin halving. The Arcane Key is the only way to enter the mysterious world. We are considering give keys randomly to first 1000 comments. Follow, retweet & comment. 🥫

There are still 3 days left before Bitcoin halving. The Arcane Key is the only way to enter the mysterious world. We are considering give keys randomly to first 1000 comments. Follow, retweet & comment. 🥫

Arcane Network

21,980 views • 2 years ago

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

103,165 views • 14 days ago

🚨JUST IN: COINBASE SURPASSES STRATEGY IN BITCOIN HOLDINGS Coinbase 🛡️ now holds the largest institutional Bitcoin $BTC reserves, according to a recent report by Arkham. The exchange custodies around 982,000 BTC in total. This surpasses Strategy’s reported 738,000 BTC holdings. Only 443,000 BTC of Strategy’s stash is on-chain.

🚨JUST IN: COINBASE SURPASSES STRATEGY IN BITCOIN HOLDINGS Coinbase 🛡️ now holds the largest institutional Bitcoin $BTC reserves, according to a recent report by Arkham. The exchange custodies around 982,000 BTC in total. This surpasses Strategy’s reported 738,000 BTC holdings. Only 443,000 BTC of Strategy’s stash is on-chain.

BSCN

81,039 views • 3 months ago

🔥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

61,524 views • 2 months ago

Michael Saylor and Strategy are driving all of the Bitcoin out of circulation. Since August 11, 2020, Strategy has acquired 714,644 Bitcoin. That is 355.9 Bitcoin per day. And they are not slowing down. In fact, they are speeding up. The blue line is the share of Strategy's share of the remaining mineable supply, and this is only assuming their historical accumulation pace. At this pace, in 2045 they will have over 3.2 million Bitcoin and over 15.2% of the terminal Bitcoin supply. And don't forget: With more capital, their creditworthiness improves. With better creditworthiness, the better the borrowing ability. The better borrowing terms/ability, the faster the accumulation. Strategy is structurally unassailable, and if you don't secure your portion of the network... ...you will only be able to rent exposure. Tick tock.

Michael Saylor and Strategy are driving all of the Bitcoin out of circulation. Since August 11, 2020, Strategy has acquired 714,644 Bitcoin. That is 355.9 Bitcoin per day. And they are not slowing down. In fact, they are speeding up. The blue line is the share of Strategy's share of the remaining mineable supply, and this is only assuming their historical accumulation pace. At this pace, in 2045 they will have over 3.2 million Bitcoin and over 15.2% of the terminal Bitcoin supply. And don't forget: With more capital, their creditworthiness improves. With better creditworthiness, the better the borrowing ability. The better borrowing terms/ability, the faster the accumulation. Strategy is structurally unassailable, and if you don't secure your portion of the network... ...you will only be able to rent exposure. Tick tock.

Adam Livingston

65,839 views • 5 months ago

Fun fact: Max Keiser owns more than 1 million #Bitcoin Of course, he's going to talk negatively about other coins. You would too if you bought #BTC at $1, $10, $100, $1000, and so on. He has so much Bitcoin that he bought out the government in El Salvador. This is a FACT. Bitcoin only has one threat, and this is #XRP. #XRP will overtake Bitcoin and become the #1 asset. Laugh all you want, but the #XRPCommunity will be the last ones laughing. Remember, Max makes the laws! #XRPArmy #XRPHolders

Fun fact: Max Keiser owns more than 1 million #Bitcoin Of course, he's going to talk negatively about other coins. You would too if you bought #BTC at $1, $10, $100, $1000, and so on. He has so much Bitcoin that he bought out the government in El Salvador. This is a FACT. Bitcoin only has one threat, and this is #XRP. #XRP will overtake Bitcoin and become the #1 asset. Laugh all you want, but the #XRPCommunity will be the last ones laughing. Remember, Max makes the laws! #XRPArmy #XRPHolders

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37,148 views • 2 years ago

⚡️zkBTC is hard at work cooking up something big for the broader Bitcoin community. $BTC, Ordinals, Runes, and #BRC20 communities - are you ready to unlock a new world of supercharged functionality and utility?

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LitVM

19,835 views • 1 year ago

🚨 EVERY BITCOIN BULL MARKET STARTED IN THE EXACT PLACE PEOPLE FEAR MOST. The chart makes it obvious. Red circles are the tops. Green boxes are the bottoms that followed. And the bottoms always came when it felt the worst. That is the whole cycle. Euphoria at the top. Despair at the bottom. We are now in the despair box. The accumulation before the next expansion. Maybe one more flush first. Then the range. Then the bottom. Then the run. This is not the end of Bitcoin. It is the part right before it pays the patient.

🚨 EVERY BITCOIN BULL MARKET STARTED IN THE EXACT PLACE PEOPLE FEAR MOST. The chart makes it obvious. Red circles are the tops. Green boxes are the bottoms that followed. And the bottoms always came when it felt the worst. That is the whole cycle. Euphoria at the top. Despair at the bottom. We are now in the despair box. The accumulation before the next expansion. Maybe one more flush first. Then the range. Then the bottom. Then the run. This is not the end of Bitcoin. It is the part right before it pays the patient.

Mister Crypto

16,937 views • 1 month ago

🚨 THIS LOOKS SCARIER EVERY DAY SAYLOR’S $STRC IS GETTING FUCKED HARD. STRC IS DUMPING HARD DESPITE ALL THE $BTC ACCUMULATION. NO ONE CARES ABOUT HIS CONVICTION ANYMORE. BITCOIN AND STRATEGY ARE IN SERIOUS TROUBLE.

🚨 THIS LOOKS SCARIER EVERY DAY SAYLOR’S $STRC IS GETTING FUCKED HARD. STRC IS DUMPING HARD DESPITE ALL THE $BTC ACCUMULATION. NO ONE CARES ABOUT HIS CONVICTION ANYMORE. BITCOIN AND STRATEGY ARE IN SERIOUS TROUBLE.

Rekt Fencer

138,284 views • 1 month ago

🚨 BREAKING 🇮🇷🇺🇸 IRAN WILL ONLY ACCEPT BITCOIN PAYMENTS FOR SAFE PASSAGE THROUGH THE STRAIT OF HORMUZ! THEY JUST LAUNCHED THE “HORMUZ SAFE” PROGRAM, CHARGING SHIPS $2,000,000.00 IN $BTC PER TRANSIT. LOOKS LIKE IRAN IS NOW USING CRYPTO TO AVOID U.S. SANCTIONS AND FUND FREEZES.

🚨 BREAKING 🇮🇷🇺🇸 IRAN WILL ONLY ACCEPT BITCOIN PAYMENTS FOR SAFE PASSAGE THROUGH THE STRAIT OF HORMUZ! THEY JUST LAUNCHED THE “HORMUZ SAFE” PROGRAM, CHARGING SHIPS $2,000,000.00 IN $BTC PER TRANSIT. LOOKS LIKE IRAN IS NOW USING CRYPTO TO AVOID U.S. SANCTIONS AND FUND FREEZES.

0xNobler

153,285 views • 2 months ago

🚨 YASH DAYAL, YOU DESERVED BETTER 🚨 🚨THIS IS YASH DAYAL'S WIFE, SHWETA PUNDIR.🚨 Imagine working your whole life, struggling and grinding to become a cricketer… and the moment money and fame come, you end up marrying someone who might only be there for the wealth. In many cases, such relationships don’t last long and the player is left dealing with the consequences.

🚨 YASH DAYAL, YOU DESERVED BETTER 🚨 🚨THIS IS YASH DAYAL'S WIFE, SHWETA PUNDIR.🚨 Imagine working your whole life, struggling and grinding to become a cricketer… and the moment money and fame come, you end up marrying someone who might only be there for the wealth. In many cases, such relationships don’t last long and the player is left dealing with the consequences.

Muffatball vikrant

386,002 views • 4 months ago

🚨 BREAKING: BINANCE, COINBASE AND BYBIT JUST STARTED BUYING $BTC RIGHT AFTER THE US-IRAN DEAL ANNOUNCEMENT THEY ARE BUYING MILLIONS OF BITCOIN EVERY FEW MINUTES AND PUMPED PRICE TO $65,666 THIS IS EXTREMELY BULLISH FOR THE MARKET!!

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ᴛʀᴀᴄᴇʀ

95,317 views • 1 month ago

🚨 Something BIG is coming... #ByteConference 🌐 is heading to Dubai — and it’s not just another event. Some of the biggest names in crypto will be there. Drop your guesses in the comments 👇 Who do you think will show up? But here’s the twist: Only the most dedicated #ByteBlockchain miners will unlock exclusive FREE tickets through hidden tasks inside the app. 🧩 Over the next few weeks, opportunities will arise — but only for the hard-working. This isn’t for the lazy. This is for the relentless. This is for those who mine with purpose. Stay sharp. Stay active. Stay $BYTE. Start mining $BYTE DAILY: $PAWS $PI $CPEN $OM $MIRA $BTC $ETH $SOL

🚨 Something BIG is coming... #ByteConference 🌐 is heading to Dubai — and it’s not just another event. Some of the biggest names in crypto will be there. Drop your guesses in the comments 👇 Who do you think will show up? But here’s the twist: Only the most dedicated #ByteBlockchain miners will unlock exclusive FREE tickets through hidden tasks inside the app. 🧩 Over the next few weeks, opportunities will arise — but only for the hard-working. This isn’t for the lazy. This is for the relentless. This is for those who mine with purpose. Stay sharp. Stay active. Stay $BYTE. Start mining $BYTE DAILY: $PAWS $PI $CPEN $OM $MIRA $BTC $ETH $SOL

ByteBlockchain.org

13,486 views • 1 year ago

Bitcoin just flashed the same signal that started the 2022 collapse 🚨 In both 2021 and 2025, BTC topped right after moving too far above the 200W MA. Then came a brutal rejection. Now Bitcoin is once again sitting at the exact same level where previous bull traps started forming. This chart suggests the next big move may not be up. It may be the final flush before the real bottom is in.

Bitcoin just flashed the same signal that started the 2022 collapse 🚨 In both 2021 and 2025, BTC topped right after moving too far above the 200W MA. Then came a brutal rejection. Now Bitcoin is once again sitting at the exact same level where previous bull traps started forming. This chart suggests the next big move may not be up. It may be the final flush before the real bottom is in.

Crypto Rover

168,563 views • 19 days ago

BITCOIN GIVEAWAY! 💰 Right Metafam, as Uptober is upon us, we are giving you the chance to win $200 worth of $BTC!! 🔥 Amazing right?! 👏 To Enter: 🔁 Like & Repost this post ✅ Follow @MetaspinsCasino Good luck!

BITCOIN GIVEAWAY! 💰 Right Metafam, as Uptober is upon us, we are giving you the chance to win $200 worth of $BTC!! 🔥 Amazing right?! 👏 To Enter: 🔁 Like & Repost this post ✅ Follow @MetaspinsCasino Good luck!

Metaspins Casino

214,654 views • 9 months ago

🚨🚨🚨 PAM BONDI CAUGHT ON CAMERA TALKING ABOUT THE EPSTEIN FILES IN APRIL 2025🚨🚨🚨 🚨🚨🚨🚨''You Know What It Is Though There Are Tens Of Thousands Of Pictures And Videos, And Its All With Little Kids, So The FBI Have To Go Through Every One''🚨🚨🚨🚨

🚨🚨🚨 PAM BONDI CAUGHT ON CAMERA TALKING ABOUT THE EPSTEIN FILES IN APRIL 2025🚨🚨🚨 🚨🚨🚨🚨''You Know What It Is Though There Are Tens Of Thousands Of Pictures And Videos, And Its All With Little Kids, So The FBI Have To Go Through Every One''🚨🚨🚨🚨

Bricktop_NAFO

1,096,145 views • 5 months ago

🚀ASST TO $700 PER SHARE?!?🚀 YOU THINK I'M JOKING? THINK AGAIN, BUCKO. Current ASST snapshot: BTC holdings: 15,000.5 BTC BTC price: $80,593 Bitcoin NAV: $1.21B Total debt: $10M Preferred outstanding: $495.95M Debt + preferred: $505.95M Amplification ratio: 41.9% Current stock price: $15.85 Now here’s the model, and this isn't MOONBOY NONSENSE, kids. This is with Bitcoin at $750k in 2036, not $1 million in 2034. ASST maintains their current 41.9% amplification ratio for 10 years. Translation for normal people: For every $1.00 of Bitcoin NAV, ASST keeps roughly $0.419 of senior claims through debt/preferred financing. The bears hear that and immediately start sweating through a Men’s Wearhouse suit. But this is the actual machine. As Bitcoin rises, the Bitcoin NAV rises. When the NAV rises, the old preferred stack becomes smaller relative to the treasury. So ASST issues more SATA to keep amplification at 41.9%. That new SATA capital buys more Bitcoin. Then Bitcoin goes up again. Then the NAV goes up again. Then the amplification ratio drops again. Then they issue more SATA again. Then they buy more Bitcoin again. This is how you turn a balance sheet into a legally registered orange crocodile. Now we add the funding mix: 75% of new Bitcoin accumulation comes from SATA. 25% comes from issuing common stock. And the common stock is issued at 1.2x EV mNAV. Meaning they are selling equity at a 20% premium to the enterprise value of the Bitcoin stack. That matters. Because issuing common below NAV is financial self-harm. Issuing common above NAV is accretive treasury sorcery. Now assume Bitcoin compounds at 25% per year for 10 years. BTC price goes from: $80,593 today to roughly: $750,579 in year 10 That is a 9.3x move in Bitcoin. Now what happens to ASST? Starting BTC stack: 15,000.5 BTC Projected year 10 BTC stack: 143,425 BTC That is 9.6x more Bitcoin. Starting Bitcoin NAV: $1.21B Projected year 10 Bitcoin NAV: $107.65B That is 89x larger. Now the bears will say: “BUT THE PREFERREDS!” Yes, Carl. The preferreds are the point. Senior claims rise from $505.95M to $45.11B because the model intentionally keeps amplification at 41.9%. That sounds terrifying until you remember the Bitcoin NAV grew to $107.65B. The stack got bigger. The senior claims got bigger. The common equity claim got bigger too. This is where CEBE comes in. CEBE = Common Equity Bitcoin Exposure. It answers the only question that matters: After debt and preferred holders get their claim, how much Bitcoin exposure does the common shareholder really own? Today: Gross BPS: 20,222 sats CEBE/share: 11,759 sats Year 10: Gross BPS: 95,380 sats CEBE/share: 55,416 sats That means common-equity Bitcoin exposure per share rises about 4.7x. Even after common issuance. Even after maintaining the preferred stack. Even after the bears finish their sacred ritual of screaming “DILUTION” into a spreadsheet they opened sideways. Now the share count. Current implied diluted shares: 74.2M Projected year 10 shares: 150.4M So yes, the share count roughly doubles in this model. But the Bitcoin stack goes 9.6x. This is the entire game. If Bitcoin holdings grow much faster than shares outstanding, the common shareholder’s Bitcoin exposure goes up. The bears think all issuance is bad because they learned finance from a Yahoo message board during a divorce. The actual question is: Does issuance increase Bitcoin per share after senior claims? In this model, yes. Now the stock price. Strict 1.2x EV mNAV model gets ASST to about: $559/share But if we anchor the model to today’s actual ASST price of $15.85, the same growth path gets you to roughly: $696/share Call it $700. There it is. ASST to $700 per share is not “vibes.” It is a model. BTC compounds at 25%. SATA funds 75% of accumulation. Common funds 25% at 1.2x EV mNAV. Amplification stays at 41.9%. BTC stack grows from 15,000 BTC to 143,425 BTC. Bitcoin NAV goes from $1.21B to $107.65B. CEBE/share goes from 11,759 sats to 55,416 sats. The stock goes from $15.85 to roughly $700. This is why small Bitcoin treasury companies are so insane. Strategy is the Death Star. ASST is the weird little orange lab experiment in the basement where someone accidentally discovers corporate finance methamphetamine. Tiny denominator. Preferred financing. Bitcoin accumulation. Premium equity issuance. CEBE expansion. A compounding treasury loop. The bear case is that dilution kills the common. The bull case is that accretive dilution plus preferred financing creates a Bitcoin-per-share machine that eats capital markets and leaves behind a pile of traumatized short sellers asking why their model still says “book value.” ASST to $700? If the machine works, yes. If Bitcoin does 25% CAGR, absolutely possible. If SATA scales and common gets issued above NAV, the goblin gets fed. And once the goblin gets fed, the spreadsheet starts looking like it was written by Saylor, Dylan LeClair, and a sleep-deprived Austrian economist locked inside a treasury dashboard with three Celsius energy drinks. This is not financial advice. This is FINANCIAL ENTERTAINMENT:

🚀ASST TO $700 PER SHARE?!?🚀 YOU THINK I'M JOKING? THINK AGAIN, BUCKO. Current ASST snapshot: BTC holdings: 15,000.5 BTC BTC price: $80,593 Bitcoin NAV: $1.21B Total debt: $10M Preferred outstanding: $495.95M Debt + preferred: $505.95M Amplification ratio: 41.9% Current stock price: $15.85 Now here’s the model, and this isn't MOONBOY NONSENSE, kids. This is with Bitcoin at $750k in 2036, not $1 million in 2034. ASST maintains their current 41.9% amplification ratio for 10 years. Translation for normal people: For every $1.00 of Bitcoin NAV, ASST keeps roughly $0.419 of senior claims through debt/preferred financing. The bears hear that and immediately start sweating through a Men’s Wearhouse suit. But this is the actual machine. As Bitcoin rises, the Bitcoin NAV rises. When the NAV rises, the old preferred stack becomes smaller relative to the treasury. So ASST issues more SATA to keep amplification at 41.9%. That new SATA capital buys more Bitcoin. Then Bitcoin goes up again. Then the NAV goes up again. Then the amplification ratio drops again. Then they issue more SATA again. Then they buy more Bitcoin again. This is how you turn a balance sheet into a legally registered orange crocodile. Now we add the funding mix: 75% of new Bitcoin accumulation comes from SATA. 25% comes from issuing common stock. And the common stock is issued at 1.2x EV mNAV. Meaning they are selling equity at a 20% premium to the enterprise value of the Bitcoin stack. That matters. Because issuing common below NAV is financial self-harm. Issuing common above NAV is accretive treasury sorcery. Now assume Bitcoin compounds at 25% per year for 10 years. BTC price goes from: $80,593 today to roughly: $750,579 in year 10 That is a 9.3x move in Bitcoin. Now what happens to ASST? Starting BTC stack: 15,000.5 BTC Projected year 10 BTC stack: 143,425 BTC That is 9.6x more Bitcoin. Starting Bitcoin NAV: $1.21B Projected year 10 Bitcoin NAV: $107.65B That is 89x larger. Now the bears will say: “BUT THE PREFERREDS!” Yes, Carl. The preferreds are the point. Senior claims rise from $505.95M to $45.11B because the model intentionally keeps amplification at 41.9%. That sounds terrifying until you remember the Bitcoin NAV grew to $107.65B. The stack got bigger. The senior claims got bigger. The common equity claim got bigger too. This is where CEBE comes in. CEBE = Common Equity Bitcoin Exposure. It answers the only question that matters: After debt and preferred holders get their claim, how much Bitcoin exposure does the common shareholder really own? Today: Gross BPS: 20,222 sats CEBE/share: 11,759 sats Year 10: Gross BPS: 95,380 sats CEBE/share: 55,416 sats That means common-equity Bitcoin exposure per share rises about 4.7x. Even after common issuance. Even after maintaining the preferred stack. Even after the bears finish their sacred ritual of screaming “DILUTION” into a spreadsheet they opened sideways. Now the share count. Current implied diluted shares: 74.2M Projected year 10 shares: 150.4M So yes, the share count roughly doubles in this model. But the Bitcoin stack goes 9.6x. This is the entire game. If Bitcoin holdings grow much faster than shares outstanding, the common shareholder’s Bitcoin exposure goes up. The bears think all issuance is bad because they learned finance from a Yahoo message board during a divorce. The actual question is: Does issuance increase Bitcoin per share after senior claims? In this model, yes. Now the stock price. Strict 1.2x EV mNAV model gets ASST to about: $559/share But if we anchor the model to today’s actual ASST price of $15.85, the same growth path gets you to roughly: $696/share Call it $700. There it is. ASST to $700 per share is not “vibes.” It is a model. BTC compounds at 25%. SATA funds 75% of accumulation. Common funds 25% at 1.2x EV mNAV. Amplification stays at 41.9%. BTC stack grows from 15,000 BTC to 143,425 BTC. Bitcoin NAV goes from $1.21B to $107.65B. CEBE/share goes from 11,759 sats to 55,416 sats. The stock goes from $15.85 to roughly $700. This is why small Bitcoin treasury companies are so insane. Strategy is the Death Star. ASST is the weird little orange lab experiment in the basement where someone accidentally discovers corporate finance methamphetamine. Tiny denominator. Preferred financing. Bitcoin accumulation. Premium equity issuance. CEBE expansion. A compounding treasury loop. The bear case is that dilution kills the common. The bull case is that accretive dilution plus preferred financing creates a Bitcoin-per-share machine that eats capital markets and leaves behind a pile of traumatized short sellers asking why their model still says “book value.” ASST to $700? If the machine works, yes. If Bitcoin does 25% CAGR, absolutely possible. If SATA scales and common gets issued above NAV, the goblin gets fed. And once the goblin gets fed, the spreadsheet starts looking like it was written by Saylor, Dylan LeClair, and a sleep-deprived Austrian economist locked inside a treasury dashboard with three Celsius energy drinks. This is not financial advice. This is FINANCIAL ENTERTAINMENT:

Adam Livingston

66,707 views • 2 months ago

🚨Massive UGX 2,000,000 Free bet Giveaway 🎁 200 winners 🏆of UGX 10,000 each over the next 4 days 50 Winners to be chosen Daily. To qualify, share this tweet and leave a comment with your selection of the day & hashtag #Switchto22Bet Exclusively Limited to Ugandans Only #22BetUganda #22Betalwayspay

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22Bet Uganda🇺🇬

29,098 views • 2 years ago

🚨 BREAKING: HUGE WHALES AND EXCHANGES ARE MASSIVELY DUMPING BITCOIN RIGHT NOW: BINANCE DUMPED 6,189 BTC WHALES DUMPED 15,190 BTC DERIBIT DUMPED 4,135 BTC COINBASE DUMPED 17,386 BTC WINTERMUTE DUMPED 1,348 BTC THEY DUMPED OVER $4.7B OF $BTC IN THE LAST 30 MINUTES THIS IS EXTREMELY BAD FOR CRYPTO...

🚨 BREAKING: HUGE WHALES AND EXCHANGES ARE MASSIVELY DUMPING BITCOIN RIGHT NOW: BINANCE DUMPED 6,189 BTC WHALES DUMPED 15,190 BTC DERIBIT DUMPED 4,135 BTC COINBASE DUMPED 17,386 BTC WINTERMUTE DUMPED 1,348 BTC THEY DUMPED OVER $4.7B OF $BTC IN THE LAST 30 MINUTES THIS IS EXTREMELY BAD FOR CRYPTO...

ᴛʀᴀᴄᴇʀ

22,333 views • 1 month ago