BTC’ed

#BTC $ETH $SOL to name a #few…

[Ari Juels @AriJuels]

Twenty-five experts from academia and industry put together this (monster, 150+-page) survey on the bidirectional impact of crypto and AI. Visit https://t.co/MPdy1bIoGw to read it, peruse the executive summary—or chat with a chatbot about it.

[Strategy @Strategy]

$STRC and $MSTR shareholders have approved the amendment to move $STRC dividends from monthly to semi-monthly. Under the new cadence, the first record date is June 30 and the first payment date is July 15. Thank you to every shareholder who voted.
https://t.co/98lMXWW4XF

[Phong Le @phongle]

This upgrade is designed to stabilize price, dampen cyclicality, drive liquidity, and grow demand for $STRC.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Vivek Ramaswamy's 'Strive' buys 32 Bitcoin worth $2 million.

[Strategy @Strategy]

Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC
https://t.co/94TmyRWVrs

[Senator Cynthia Lummis @SenLummis]

The Clarity Act passed committee. The floor is next. We did not come this far to quit at the 5 yard line.

[James Bull @thejbullmarket]

Nobody understands the real endgame that Michael Saylor is playing.

1. 🪙 Accumulate 1 Million BTC into $MSTR (already 84% completed)
2. 🇺🇸Get bought out/absorbed by the U.S. Government for $100B to acquire 5% of the Bitcoin supply with 0 slippage
3. 💰Triple the Bitcoin price and make the U.S. Government another $150B overnight

Michael Saylor isn't building a company, he’s serving the U.S. Strategic Bitcoin Reserve on a silver platter.

[Flood @ThinkingUSD]

The early Anthropic employee with $100mm of M2M value will look at what to buy after and quickly realize snap bidding QQQ will not diversify them at all, the market is almost entirely comprised of AI related beta.

Bitcoin is the only true diversification.

[Cointelegraph @Cointelegraph]

🇺🇸 LATEST: Coinbase says the first Fannie Mae-backed U.S. mortgage using Bitcoin collateral has been issued.

[Bob Loukas 🗽 @BobLoukas]

The Bitcoin 4 Year Cycle Journey ‘Model Portfolio’ has made its first buy in 3.5yrs. Picking up 10BTC at $65,000. Moving up to around a 60% BTC allocation.

The model can always be found here >> https://t.co/cYCKmcJ4TZ

A new 4 YR Cycle video will be published tomorrow morning.

FYI - I very much doubt the 4 Yr Cycle has bottomed, however at this level it makes sense to begin some re accumulation, as the possibility of only a retest of the Feb lows to mark the 4yr cycle low is possible. That would be the best Bull Case. Dry powder remains for a more tradition Cycle Low around the Q3 period.

Reminder - The 4 Year Model is not designed to trade often, intends to always have solid allocation to Bitcoin (even when a top is defined), does not try to time tops, but rather waits for trend breakdown on a monthly timeframe, and is ultimately designed as a HODL strategy with strategic (well defined HTF) trades to add Bitcoin over time. As evident by only 8 trades in 8 years.
If you're looking for more aggressive Spot positioning over the Weekly and 4 year Cycles that content is published on the Bitcoin Live website.

[Stephen | DeFi Dojo @phtevenstrong]

For @Strategy, it looks like the sky is falling.

Maybe it is, but here's some math.

It would cost Strategy ~1500 BTC per month to cover the full dividend.

If they can continue to issue STRC at a rate of $200M per month, they buy twice as much BTC as they sell.

Using BTC to cover the dividend, they'd have decades of runway, even at $30K BTC.

THAT SAID, the whole point of $STRC is to raise capital to buy BTC when $MSTR mNAV is <1.22.

Prior to this month, Strategy was raising about 500M per month on average when $STRC was at par.

Obviously, this doesn't work out forever.

But I'm reluctant to believe the end came so quick with so many levers left to pull.

Nevertheless, if you are bearish on STRC, you can short it with limited downside (i.e., it can only really go to par and no higher).

[Bitcoin News @BitcoinNewsCom]

The bottom is in, according to the Bitcoin Power Law.

[BitcoinTreasuries.NET @BTCtreasuries]

JUST IN: Strive's Jeff Walton (@PunterJeff) just said, "We're raising $8.1 million of capital per day. At that pace, using it to pay dividends would support $15.5 billion of $SATA issuance."

"That would be equivalent to buying about 175,000 additional #Bitcoin at today's price, which would 10x our total BTC holdings." 🔥🚀

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: $12.6 trillion Charles Schwab launches 24/7 Bitcoin futures trading 🚀

[Bitcoin Magazine @BitcoinMagazine]

NEW: 🇺🇸 The Clarity Act has now been placed on the Senate Legislative Calendar 👀

Let's get this landmark legislation approved 👏

[Matt Cole @ColeMacro]

Strive acquired an additional 2,500 $BTC for ~$185.2M at an average cost of ~$74,092 per bitcoin.

STRIVE SNAPSHOT
Bitcoin holdings: 19,000
QTD BTC Yield: 23.0%
YTD BTC Yield: 36.7%
Amplification ratio: 57.0%

Cash was increased to maintain 18-month dividend reserve.

$ASST $SATA

[The Bitcoin Historian @pete_rizzo_]

BILLIONAIRE ELON MUSK USING HIS OWN AI TO PROVE THE SECURITY OF #BITCOIN

THE WORLD'S RICHEST MAN 🔥

[Mike Selig @ChairmanSelig]

In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment.

This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.

[Financial Services GOP @FinancialCmte]

The House passed the CLARITY Act because America cannot afford to lead the world in innovation while lagging behind in rules. It delivers clear market structure, stronger consumer protections, and certainty for innovators — all while keeping jobs and investment here at home. Now it’s time to finish the job.

[Richard E. Ptardio @RichardPtardio]

I owe you chaps an apology.

It has been far too long since I last posted, but life has been rather unkind.

Mrs Ptardio has left me.

It is entirely my fault. I recklessly gambled away the pension on a series of crypto-currencies that promised much and delivered little.

When the market turned, so did she.

A woman of refined tastes, she took one look at the balance sheet and packed with the efficiency of a Lehman risk officer in 2008.

I am wounded, yes. But not finished.

Some of my finest trades were made with a broken heart.

I have moved into the spare room of my dear old friend Simon Pennyworth and resolved to win back my losses, both financial and romantic.

It is good to be back, gents.