∞/21M

Bought BTC 3yrs before @saylor. Class of 2017.

[Autism Capital 🧩 @AutismCapital]

TAX ON STORED ASSETS? So Chicago just steals 0.2% of everyone’s money who has crypto on exchanges? Are we reading this correctly? What the fuck lmao? A literal tax on OWNERSHIP of a financial asset regardless of whether you’re up or down? Have people lost their minds?

[Metaplanero @metaplanero]

1/ Everyone thinks Siiibo is how Metaplanet will sell BTC products to all of Japan

It isn't

Siiibo's own FAQ restricts the platform to investors with ¥10M+ in financial assets (top 25% of Japanese households)

The actual mass retail path is something different and most analysts haven't traced it

Here's how it works 👇

[SightBringer @_The_Prophet__]

⚡️Saylor just showed the market that the machine is evolving from religious accumulation into institutional balance-sheet warfare.

That is the key.

The 32 BTC sale was never the signal.

It was bait for people who still read MSTR like a normal stock or Bitcoin cult ticker.

They saw a tiny sale and screamed betrayal because they think the whole model depends on purity.

Saylor is past purity.

He is building a capital-markets organism.

The 1,550 BTC buy proves the accumulation engine remains alive.

The $100M USD reserve increase proves the survival architecture is getting stronger.

That combination matters because Strategy is no longer just trying to maximize BTC held today. It is trying to survive every future liquidity regime while continuing to accumulate through volatility.

That is how a treasury machine becomes durable.

A weaker version of MSTR would only buy Bitcoin and hope price goes up.

The stronger version buys Bitcoin, builds cash reserves, protects credit perception, reassures preferred holders, keeps capital markets open, suppresses FUD, and preserves optionality for the next drawdown.

That is what this is.

The bears wanted the story to be “Saylor had to sell.”

The actual story is “Saylor sold dust, bought size, and fortified the balance sheet.”

That is an execution flex.

The $1B USD reserve is especially important. People obsessed with BTC purity will miss it because they only want the orange-number headline. But the reserve tells institutional capital that Strategy is not running like a leveraged degen. It has liquidity. It can service obligations. It can defend structure. It can absorb volatility. It can avoid forced selling. It can keep the machine alive when the market gets ugly.

That is what gives the BTC stack time to compound.

The deeper read: MSTR is trying to become the first Bitcoin-native credit institution.

Not a bank in the traditional sense.

A capital structure built around Bitcoin as the reserve asset, with USD liquidity as the shock absorber and equity/preferred issuance as the acquisition engine.

That is why every small narrative attack matters. If the market believes the engine is fragile, the premium compresses, financing worsens, and the accumulation loop weakens. If the market believes the engine is durable, capital access improves, BTC per share can keep compounding, and the reflexive flywheel survives.

Saylor understands this better than anyone attacking him.

He is not only buying Bitcoin.

He is managing belief around the entity that buys Bitcoin.

That is the real game.

The deeper read:

MSTR is becoming a Bitcoin-backed monetary machine with corporate form.

The BTC reserve is the hard collateral.

The USD reserve is the liquidity moat.

The capital markets program is the engine.

Saylor is the belief operator.

The stock is the reflexive residual claim.

This update says the machine is still alive, still accumulating, and now more institutionally defensible than before.

The FUD crowd wanted a crack.

They got a balance-sheet upgrade.

[Michael Saylor @saylor]

https://t.co/yeG4PgpjEq

[∞/21M @BossyBitcoin]

@anttsinc https://t.co/Y2dfOMDskE

[Ragnar @RoaringRagnar]

Being incorporated in Delaware is a real disadvantage for Strategy.

Delaware law requires a shareholder vote to change their dividend payout frequency.

Which is why they have to hustle to get to 50% of the votes.

Strive were able to implement daily dividends with no shareholder vote, because they are incorporated in Nevada.

Both SpaceX and Tesla used to be in Delaware.

But after the nasty Tesla shareholder lawsuits where they voided Elon's $50 billion pay package (that he rightfully earned), Elon moved both companies to Texas.

Delaware is on a visible trajectory towards being more and more unfriendly and adversarial.

Strategy should seriously consider moving to a more business/freemdom friendly state, like Texas or Nevada.

Reposts/quotes/likes are highly appreciated to increase the likelihood thtat the Strategy team sees this.

@saylor @phongle @ColeMacro @PunterJeff @Werkman @CernBasher @ZynxBTC @AdamBLiv @adam3us

[U.S. Senate Banking Committee GOP @BankingGOP]

Today, Chairman @SenatorTimScott led Banking Committee Republicans and Democrats in a historic bipartisan markup to advance to Clarity Act, legislation that will establish clear rules of the road for digital assets.

[The Kobeissi Letter @KobeissiLetter]

Shocking stat of the day:

Adjusted Stablecoin volume is projected to reach $719 TRILLION by 2035, according to a new report from Chainalysis.

This projection is assuming organic growth alone. When factoring in macro catalysts, Chainalysis says this figure could approach $1.5 quadrillion.

In fact, Stablecoin payment volumes are on pace to match Visa and Mastercard’s off-chain transaction volumes somewhere between 2031 and 2039.

This comes amid a massive shift toward Stablecoin infrastructure, with Western Union, $USDPT, Fidelity, $FIDD, Meta, and many other Fortune 500 companies preparing launches.

The ecosystem is also evolving, such as Jupiter's $JUPUSD, which returns yield back to the ecosystem and has been attracting large inflows.

Stablecoin adoption is skyrocketing.

[∞/21M @BossyBitcoin]

Bitcoin crawling back!!

[∞/21M @BossyBitcoin]

for future!

[Jeff Walton @PunterJeff]

https://t.co/0vI7ERbkKR

[∞/21M @BossyBitcoin]

Bitcoin forming good base and recovering from bear.

[Samson Mow @Excellion]

It’s been almost 10 years since the Blocksize Wars ended and Brian hasn’t changed at all.

He still carries the exact same complete lack of humility and understanding. Brian forms the opinion first, along with a prescribed course of action and timeframe, instead of starting by understanding the nuanced problem and tradeoffs.

Solving the QC problem later rather than sooner is the best course of action.

➡️ Hastily changing from ECDSA/Schnorr to PQ signatures may make Bitcoin vulnerable to classical computing attacks today. Simply put: make Bitcoin safe against quantum computers just to get pwned by normal computers.

➡️ PQ signatures will likely be 10-125x larger than current ones, and massively reduce throughput. Possibly paving the way for Blocksize Wars 2.0. (h/t @_jonasschnelli_)

➡️ Proposed PQ solutions could be a Trojan horse to implement backdoors for RNGs or PQ encryption schemes. There are examples of the NSA doing this, first discovered by cypherpunk researchers and later confirmed by @Snowden leaks.

Given that quantum computers don’t actually exist and likely won’t exist for another 10-20 years, the worst possible course of action is to rush a fix. That’s not to say work shouldn’t be done to prepare, and there is already much work being done.

If you’re still worried about quantum computing, you should know that Coinbase wallet infrastructure is vulnerable to QC because of address reuse. In fact, that’s the default for Coinbase Prime, which serves institutional clients. So Brian should probably fix this first.

Physician, heal thyself.

[Alexander Leishman 🇺🇸 @Leishman]

If Coinbase had never gone down the altcoin/gambling path I never would have started @River.

I can promise you this: we will never push gambling products on you or the people you care about. We're bringing Bitcoin Banking to your pocket, while Coinbase is bringing a casino.

[Chris wise @wiswyman]

COINBASE UPDATE- 18 OF MY CLOSE FAMILY AND FRIENDS HAVE TAKEN EVERYTHING OFF COINBASE AND WILL NEVER USE THIS COMPANY AGAIN!

ITS A START BUT IF EVERYONE DOES THE SAME WE MAY HURT THEM

RISE UP AND DO YOUR BEST TO SUPPORT YOUR SURVIVAL

[Joe Burnett, MSBA @IIICapital]

Good morning.

Today I published the case for $11 million bitcoin by 2036.

https://t.co/0FnSymLhPr

[Roberto Rios @peruvian_bull]

https://t.co/qo7nchw3F6

[hodlonaut #BIP-110 @hodlonaut]

“So then, the (21M) cap is irrelevant when Jane Street can fabricate unlimited synthetic supply through undisclosed derivatives stacked on top of its own ETF inventory.”

Now we know the answer to the price mystery. And color me not surprised.
Paper bitcoin…

[Adam Livingston @AdamBLiv]

PSA MSTR SHAREHOLDERS:

REPOST THIS FOR MAXIMUM VISIBILITY

A lot of people don’t know this:

Your broker may be lending out your MSTR shares to the same short sellers betting against you.

YOU CAN STOP THAT WITH ONE PHONE CALL.

Ask them to move your shares to the cash (fully paid) side of your account so they can’t be lent without your consent.

This is not financial advice.

Just basic shareholder rights that nobody ever tells retail.

I wonder what would happen if EVERYONE did this? 🤔🤔🤔

[∞/21M @BossyBitcoin]

Awesome article, must read!

[MarylandHODL BIP-110 (aka The Transition) @MarylandHODL21]

https://t.co/19EgCtgKx4