Pierre Rochard

Follow for Bitcoin & capital markets insights. CEO of The Bitcoin Bond Company, Steward of @CatholicBitcoin, host of the @BitcoinForCorps Show, Board @Strive

[Pierre Rochard @BitcoinPierre]

This afternoon I testified at the Texas Senate Committee on Business and Commerce hearing in favor of SB 21, to establish a Texas Strategic Bitcoin Reserve.

Thank you @DrSchwertner for introducing the bill, @LtGovTX for making it a legislative priority, and @DonnaCampbellTX for asking great questions about Bitcoin custody and security.

[CrAzD @TheRealCrAzD]

@TheNancyRoc International law isn't real unless you can enforce, if the US isn't stopping El Salvador then there is no international law at play. Ya'll live in a weird pretend world.

[Kurt Schlichter @KurtSchlichter]

Counterpoint: it sure as hell can.

[Nik Bhatia @timevalueofbtc]

AN UNMITIGATED DISASTER IN FRANCE

FRENCH BOND CRISIS ACCELERATES

GOOD MORNING, COUNT YOUR BLESSINGS

[Pierre Rochard @BitcoinPierre]

@TravelGov Thank you for your attention to this matter!

[TravelGov @TravelGov]

France: Violence and rioting, tied to ongoing protests, have recently occurred in France and may continue. The French government has indicated they will take steps to curb "illegitimate" protests, while those organized by groups such as trade unions would be allowed to proceed. Given the heightened concerns, avoid demonstrations and areas of unrest. Stay away from areas with large crowds or significant police activity. Numerous groups submitted plans for protests on Saturday, October 24. Americans in Paris for the NFL game on Sunday, October 25 should also exercise caution and be aware of their surroundings. While permits may be filed for demonstration routes, last-minute changes can happen and protests can occur outside planned routes. Recent demonstrations were violent and involved heavy property destruction, uncontrolled looting, and attacks on police. Police responded with crowd control methods including tear gas.
In Orléans, media report significant marches and protests planned for Saturday, October 24, and Sunday, October 25.
Curfews in parts of France, including some neighborhoods in Paris and the vicinity, might continue. Curfew decisions are made locally, can be implemented with short notice, and restrict gatherings and free movement to some public landmarks.
More at https://t.co/6boV7FQvAa

[True North @TNorth]

$SATA’s $100 issuance floor protects investors, but it can also close the door on new issuance.

@PunterJeff says a fixed-rate instrument gives Strive $ASST another way to access credit markets when SATA is below par.

“It gives significant optionality on when we can be utilizing that instrument to raise capital.”

[Mike Schmidt @bitschmidty]

Formal verification, fuzz testing, LLM scanning. With skilled operators.

Secure all the things.

[Jonathan Melton @jmelton21mm]

“The additional value attached to an asset's usefulness as money is its monetary premium. That is what Bitcoin competes for. It does not need to replace the apartment. It needs to become a better place to hold the savings that helped make the apartment so expensive.”@RaphaZagury

[Bitcoin Treasuries @BTCtreasuries]

JUST IN: Strive $ASST CEO Matt Cole just said their new preferred stock $SATS is "already on a very high growth trajectory."

"The liquidity of $SATS is really high. Yesterday it traded about $70 million, making it the 2nd most liquid preferred equity in the U.S." 🔥🚀

[Mikey NohMore @MikeyNohMore]

The mentality that's got Haitians angrier at Bukele for wanting to rescue his citizens than at the gang members who kidnapped them in the first place is the reason Haiti is the way it is and will probably stay that way.

[Mike Schmidt @bitschmidty]

An update to Bitcoin Core's security policy
via @darosior on the Bitcoin-Dev mailing list

[Matt Cole @ColeMacro]

https://t.co/ijiJpcLpdK

Going live with @thebtcpharaoh at 11 am ET.

[Jose Valdez 🇸🇻 @JoseValdezSV]

Bukele saves France.

[Keith Rabois @rabois]

This is good.

[Yuval Steuer @thetechbrother]

Cicero said, “The safety of the people shall be the highest law.”

A government reveals how much it values its citizens' lives by the price it makes others pay for threatening them

What an extraordinary gift Bukele has given his people; the confidence that their lives are worth defending, wherever in the world they may be

[Fidelity Digital Assets @DigitalAssets]

A new source of BTC demand is emerging.

BTC-focused perpetual preferred stocks have accumulated more than 135,000 BTC in just over a year, despite representing only a fraction of the global fixed income market.

What could happen if adoption expands?

🔗 Read our latest research: https://t.co/AkMvHQD9Ma

[Strive Clips @Striveclips]

Strive upsized $SATS while CCC credit spreads were blowing out.

@PunterJeff says the deal drew roughly $700M of demand for $500M issued.

“They know exactly what we’re going to do with it when we get that money in the door.”

[Hurdle Rate Clips @HurdleRateClips]

The offering got bigger, and some investors still got less than they asked for.

@Werkman says those allocation cuts showed just how deep the order book was.

“We ended up with a very, very full book... and a lot of them had to get cut back on what we could actually offer to them.”

$ASST $SATS

[Strive Clips @Striveclips]

Why hold 18 months of dividend cash?

@PunterJeff says Strive $ASST underwrites for the longest $BTC bear market in history with zero access to capital markets.

The recent downturn was different. Strive maintained access throughout.

“We are taking a very conservative approach.”

[Strive @Strive]

Join members of the Strive team in Austin next Wednesday, 10/28, to celebrate the 100th dividend of $SATA.

$21 gets you food, drinks, and gift bag with limited-edition swag.

Only 65 spots available. To register, visit https://t.co/Ay0U8XY9nD