Blockefeller

the same mind should move between the ledgers and the stars

[Blockefeller @BL0CKefeller]

https://t.co/2eObJa28oM

[Blockefeller @BL0CKefeller]

@MerlijnTrader The crowd is quiet, but the signal is loud 👏

[Blockefeller @BL0CKefeller]

@BillAckman 🔥

[Homeland Security @DHSgov]

Rejoice America, Christ is born!

[Guillaume Huin @HuinGuillaume]

The legendary McRib returns 11/11 at most McDonald's in the US.

It is our most-mentioned limited-time product online, higher than other evergreen items, particularly on X.

Funnily enough and entirely independent of McDonald's involvement, the McRib has recently found new meaning on internet within the trading and crypto community, as some claim Bitcoin and S&P500 tend to perform well after the McRib makes a comeback, particularly in 2017, 2020, 2021.

Coincidentally, when the McRib returned to stores in December 2024, Bitcoin hit a new all-time high.

Welcome back, Legend!

[Blockefeller @BL0CKefeller]

@AshCrypto looks like a 3.8x, which on 115k, gets to you 440…I see the signs @JoshMandell6

[Blockefeller @BL0CKefeller]

@SecWar How many Americans can overdose on a typical boat shipment of fentanyl? How many boats has the Trump administration shot down? So many lives saved. Great job.

[Blockefeller @BL0CKefeller]

@silverguru22 Get this- put 16 BTC into a wallet. There are 1.3M of these.

[Blockefeller @BL0CKefeller]

@apsk32 It’s the chance of a lifetime.

[Michael Saylor @saylor]

Bitcoin is money. Everything else is credit.

[Blockefeller @BL0CKefeller]

@Giovann35084111 https://t.co/ixulYvZ8PM

[pymoment @pymoment]

@HoloViews @bokeh Here's the same data using a 'random' layout, rather than 'force-directed'.

[The White House @WhiteHouse]

"The Great, and even Legendary, Charlie Kirk, is dead. No one understood or had the Heart of the Youth in the United States of America better than Charlie. He was loved and admired by ALL, especially me, and now, he is no longer with us. Melania and my Sympathies go out to his beautiful wife Erika, and family. Charlie, we love you!" - President Donald J. Trump

[Blockefeller @BL0CKefeller]

@RealJimChanos 20x the bitcoin but only -0.5x mNav premium. Something seems wrong, MSTR higher.

[Bit Paine ⚡️ @BitPaine]

Sometimes I pause and reflect on the fact that my entire financial portfolio is currently composed of 1) an imaginary Internet ponzi coin and 2) the stock of a company famous for having the largest peak-to-trough drawdown in the history of financial market bubbles, and whose CEO is currently leveraged to the tits on the same Internet Ponzi coin (which he refers to as “the goddess of truth”), and that I consider this a sound financial strategy with a virtually 100% chance of retiring my bloodline.

[Blockefeller @BL0CKefeller]

@PunterJeff 🤯nvda @ 38M ₿

[Pulte @pulte]

After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage.

SO ORDERED

[Blockefeller @BL0CKefeller]

@FedKrassen @EndWokeness Incendiary would be lighting people on fire.

[The Jordan B. Peterson Podcast @JBPpod]

What One Billionaire Knows About Outlasting a Dollar Collapse | Michael Saylor

[Blockefeller @BL0CKefeller]

@NYDIG newsletter, there is no second best.

Enhancing Bitcoin Treasury Company Measures
Greg Cipolaro

Bitcoin treasuries companies continue to be one of the most highly discussed market developments over the past few months. It seems that every few days, a new company or market development springs forth, with the most notable development being Trump Media and Technology Group’s (DJT) recent announcement. These strategies haven’t been without their controversy, however, with noted short seller Jim Chanos going public on his Strategy (MSTR) short position (long bitcoin as a hedge against it). 

The only thing that seems to outpace the development of bitcoin treasuries is the advent of metrics designed to track their metrics. “Bitcoin yield,” “mNAV,” “days to cover mNAV,” and their ilk have all entered the investing public vernacular. 

The most important metric for a bitcoin treasury is the premium it trades at relative to its underlying net assets, including any operating company (opco) – its cash plus bitcoins plus opco minus obligations like debt and preferred stock. It’s this premium that allows these companies to convert stock for bitcoins, effectively acting as a money changer converting shares for bitcoins.  

It is a popular misunderstanding that these vehicles are simply levered bets on bitcoin. Yes, these companies are issuing debt and levering up their balance sheet, but that has been mostly in the form of convertible notes (and convertible preferred stock). Because the industry has coalesced around the concept of “assumed shares outstanding,” which includes the full share dilution from these convertible note issuances, regardless of whether the notes have satisfied conversion requirements, investors are being encouraged to think of this debt as equity dilution instead, calculated at the conversion premium.