Wallace

Growth investors focuses in small & micro-caps. Often times when i post, it is a reminder and notes to myself.

[Michael Saylor @saylor]

When I gave this speech in October 2022, Bitcoin traded near $20,000, Strategy held 130,000 BTC worth about $2.6 billion, and $MSTR was ~$24 split-adjusted. Weeks later, after Bitcoin fell below $16,000, our debt exceeded the combined value of our BTC and cash reserves by ~$300 million, and $MSTR fell into the $13 range by year-end.

We stayed focused, strengthened the company, and executed our strategy. Since then, Strategy has raised over $60 billion of additional capital and invested it in Bitcoin, adding more than 716,000 BTC. Today, our BTC and USD reserves exceed debt by ~$48 billion. Thank you to everyone who believed, endured, and took the long view.

[Michael Saylor @saylor]

Bitcoin Capitalism — my keynote from @BTCPrague 2026.

Digital Capital is the foundation for Digital Credit, Digital Money, Digital Yield, Digital Equity, and a universe of Bitcoin-backed products and services.

Timestamps:

01:37 - The Four Bitcoin Ideologies and the case for Bitcoin Capitalism
03:29 - Bitcoin as Digital Capital: thousand-year capital with a half-life of infinity
06:12 - Bitcoin network snapshot and ~68% dominance
07:41 - What is money? The Austrian view, the conventional investor view, and “Bitcoin is money, everything else is credit”
09:21 - Digital Money and Digital Credit: bitcoin-backed products for fiat-facing investors
11:28 - Digital Credit: an ~$11–12B asset class that was zero 12 months ago
14:54 - Bitcoin’s opportunity: $1T of bitcoin vs. $1,000T of global capital
15:43 - The 10-dimensional model for reaching stranded capital
16:44 - 1) Asset types: commodities, equities, credit, derivatives, real estate, money, and tokens
18:07 - 2) Capital functions: store of value, appreciation, income, collateral, and payments
19:29 - 3) Custody: self-custody, banks, custodians, broker-dealers, prime brokers, and exchanges
20:34 - 4) Jurisdictions: 664,000 legal and regulatory environments for capital
22:03 - 5) Distribution networks: banks, exchanges, payment networks, and $156T controlled by wealth advisors
23:13 - 6) Account forms: retirement accounts, brokerage accounts, insurance policies, treasuries, and trusts
24:51 - 7) Risk: market, currency, duration, regulatory, credit, technical, security, theft, and counterparty risk
26:03 - 8) Liquidity: transforming $350T of illiquid capital with liquid digital assets
28:02 - 9) Investors: banks control ~$200T and need compliant bitcoin-backed products
30:09 - 10) Product characteristics: fixed rate, floating rate, leverage, callability, fees, and structure
30:45 - The 10x10 matrix for channeling global capital into Bitcoin
31:19 - How $10–20T of capital could expand Bitcoin into a $100T network, moving from $70K to $700K to $7M per bitcoin
32:10 - Bitcoin Capitalism as a Darwinian market: winners, challengers, failures, and 1,400 companies tracked by Strategy
34:53 - Existing bitcoin-backed products: @Trezor, @Unchained, @Fidelity, @Fold_app, @Tando_me, @Relai_app, @CashApp, @HodlHodl, @AnchorWatch, @Meanwhile, $IBIT, $STRC, and $MSTR
40:03 - Digital Capital, Digital Credit, Digital Money, and Digital Yield competing with traditional capital markets
41:03 - Digital Money and Digital Yield: better stablecoins and higher-yield bitcoin-backed products
47:27 - 3 ways to participate: savers, investors, and innovators
49:19 - The aluminum airplane analogy: people buy the product, not the commodity underneath
52:29 - Build a ₿ridge to connect $BTC to the global capital markets
53:42 - 10,000 products, 10,000 needs, and 100,000 corporate efforts to change the world

[Michael Saylor @saylor]

Strategy has acquired 1,587 BTC for $100 million to increase our $BTC Reserve to ₿846,842. We have also increased our USD Reserve by $100 million to $1.1 billion. $MSTR $STRC https://t.co/27PYXJN7GD

[Wallace @ChaiWallace]

@GuoShenCN7 Btc

[MR SHIFT 🦁 @KevinWSHPod]

E172: @Saylor: Why Hard Work Won't Make You Rich

Michael Saylor is the chairman of @Strategy - the world's largest corporate holder of Bitcoin with over 840,000 BTC and $65+ billion deployed. He bought his first Bitcoin in 2020 when the Fed cut rates to zero hasn't stopped since.

With WSH, I always want to go much deeper than the current narrative and that’s exactly what we did here. We gradually moved past the surface and into the things that really shaped Michael. We talked about his childhood, growing up in a military family, buying domain names in the 1990s and flipping them for tens of millions, losing $6 billion of his net worth in a single day during the dot-com bubble, his great Apple bet in 2012, why working hard won't make you rich, why you should mortgage your house but probably not sell your kidney to buy BTC, why "THERE IS NO SECOND BEST", and a lot more. The conversation lasted more than two hours, much longer than originally planned, and it was just amazing. I hope you enjoy it as much as I did.

Timestamps:

00:00 - Intro
03:05 - Explain what you do to an Uber driver
05:35 - Advice for Rick, the struggling Uber driver
07:07 - Who is Michael Saylor?
11:02 - Sponsors @Trezor & @Bitwise
11:48 - Kevin's Business Intelligence Company
13:14 - Michael's childhood and chip on the shoulder
17:56 - Has Michael conquered the world yet?
19:49 - Just because you can, doesn't mean you should
28:23 - Sponsors @KASTxyz & @sumsub
30:02 - Low time preference and scarcity
43:50 - Buying and flipping domain names for tens of millions
55:11 - Bitcoin is a lifeboat
1:01:31 - Should you mortage your house to buy Bitcoin?
1:09:50 - The great $60B in Bitcoin bet: risks
1:15:32 - Sponsors @JupiterExchange , @ethena
1:16:16 - Sell the kidney if you must but keep the Bitcoin
1:20:14 - What's the endgame for Strategy?
1:28:16 - Where does Bitcoin price end?
1:29:36 - Where would Bitcoin price be without Michael Saylor?
1:31:06 - What is STRC?
1:35:34 - Should my mom put her life savings in STRC?
1:37:12 - How do you always invent new ways to buy more Bitcoin?
1:49:19 - From God to Madman every 6 months: handling insane volatility
1:51:49 - How Michael lost $6 Billion of his net worth in one single day in 2000 and then watched MSTR go down another 99%
1:59:09 - Why Michael doesn't have children
1:59:44 - Why working hard is the worst advice you can get
2:07:37 - Why THERE IS NO SECOND BEST, there is only one crypto asset
2:15:03 - Thanking Michael from the whole crypto industry

[The Wolf Of All Streets @scottmelker]

Michael Saylor has said "never sell your Bitcoin" for years - but in this exclusive interview at Consensus in Miami, he told me why that's changing. Watch Now 🔥 https://t.co/PxybkxEqb5

[Natalie Brunell ⚡️ @natbrunell]

In our brand new sit-down, I handed @saylor every anti-Bitcoin argument the internet has and he responded to ALL of them.

I dare any Bitcoin critic to watch this interview and not reconsider at least one of their arguments.

TIMESTAMPS:
00:00 Michael Saylor address Bitcoin bear market and negative sentiment
8:37 Big Tech was once doubted but ultimately won
10:22 Why Bitcoin didn’t hit higher price predictions
16:57 Long-term return expectations
23:12 Why retail didn't participate in last bull market
33:55 How is $STRC performing?
56:49 Handling the critics and volatility cycles
1:13:54 Is quantum computing a threat to Bitcoin?
1:33:47 What's the strongest argument against Bitcoin?
1:35:53 Does Strategy's Bitcoin cost basis matter?
1:43:30 Bitcoin mentioned in the Epstein files

[ClearPointNeuro @ClearPointNeuro]

Join #CLPT Nov. 28 at 1:30PM ET for a new #ClearPointOnDemand Peer-to-Peer Webinar with Dr. Paul Larson from Southern Arizona VA discussing: Data Driven Evolution of MRI-Guided Intra-Parenchymal Delivery for #GeneTherapy #ClinicalTrials. Register for free: https://t.co/0eNtYgTPGI

[Alex Brogan @_alexbrogan]

That’s 10 free chrome extensions that will give you hours of your life back.

If you enjoyed this thread:
1. Follow me @_alexbrogan for more thought-provoking content to help you get better at the game of life
2. RT the tweet below to share this with others who might enjoy it :)

[Brian Feroldi @BrianFeroldi]

Markets are crashing

Leadership matters more than ever

Here are 9 unmistakable signs of a great CEO:

[Kelvestor @kelvestor]

. @Adam_Wyden is a fund manager who manages a ~$400m hedge fund with a track record of ~25% annualized returns. He holds concentrated positions. Known to be a straight talker on Twitter, some people like him and some people don't.

Let's dive in more:

h/t: @marketplunger1

[Wallace @ChaiWallace]

@TessAngWrites 👋 Thanks!

[ClearPointNeuro @ClearPointNeuro]

We are delighted to announce receipt of Medical Device Single Audit Program certification (#MDSAP). MDSAP will empower #globalexpansion, supporting commercial approvals for our biologics and drug delivery partners beyond the US and EU. #CLPT https://t.co/R3077NIYrn

[ClearPointNeuro @ClearPointNeuro]

The #ClearPoint Neuro team continues to expand our services and solutions for infusing gene therapies, cells, and other drugs in preclinical studies and clinical trials: https://t.co/I1KKwY9sWk #DrugDelivery #GeneTherapy #ClinicalTrials #Nsgy #SmartFlow #CLPT

[ClearPointNeuro @ClearPointNeuro]

After struggling for over 6 years with severe body pain, Richard shares his experience with Young Onset #Parkinsons & how getting asleep #DBS has helped him to return to his favorite hobbies. #YOPD #CLPT #DeepBrainStimulation #ClearPointChampions https://t.co/cYGuV8BjiN

[Hidden Small Caps @hiddensmallcaps]

$CLPT inside AviadoBio

[Full Port tin #tin baron @NotJanetYellen7]

$rnlx $amrs

Bonus episode: Randy Baron updates $AMRS and $RNLX https://t.co/jM2iJocbZj via @YouTube