Dallas Maracle⚡

#btc fixes it

[Bitcoin Munger @bitcoinmunger]

Microstrategy sells Bitcoin and Coldcard destroyed its users and price didn't move.

When devastating news doesn't affect price, the bottom is close.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: A total of 911,500,000 shares of SpaceX, $SPCX, held by employees and early investors, become eligible to trade tomorrow.

That's ~43% more than the 638,900,000 shares issued at IPO.

SpaceX's free float is set to increase from 4.9% to 11.8% of outstanding shares.

[Elon Musk @elonmusk]

SpaceX has committed to using Nvidia GPUs exclusively because they are the best

[COLDCARD @COLDCARDwallet]

🚨URGENT COLDCARD SECURITY UPDATE

Read carefully before acting.

👉Mk3 seed generated on 4.0.1+ without ≥50 private, independent dice rolls: begin a careful migration now.

👉Mk4/Mk5 <5.6.0 or Q <1.5.0Q: update first, generate a new seed, then migrate.

https://t.co/HshUxevCl3

[Saifedean Ammous @saifedean]

IMPORTANT SECURITY UPDATE:

COLDCARD users who relied solely on device-generated randomness may be at risk from a security vulnerability that may steal your coins.
Users who followed best practices and generated their seed with 100 fair, independent, and private dice rolls are not considered at risk. 50+ rolls seems to also be safe.

If you generated your seed on a coldcard without 100 dice rolls, you should:

1. Generate a completely new seed on an unaffected device or airgapped computer.
2. Carefully record and verify the new backup.
3. Verify the wallet fingerprint and receiving address on the hardware wallet.
4. Send a small test transaction.
5. Confirm that everything works before moving the remaining funds.

Alternatively, and if any of this is confusing or feels uncertain, move your funds to an exchange custodian temporarily while you figure out how to set up a new seed safely.

Anyone uncertain about the firmware used, the number of dice rolls, or whether those rolls remained private should assume the seed may be affected and migrate.

The bug prevented the hardware random-number generator from contributing the intended amount of entropy during seed generation, substantially reducing the effective seed-search space. It is not a bug in bitcoin and it doesn't affect any wallets not using coldcard firmware.

A strong, unique BIP-39 passphrase adds an independent security barrier, but the protection depends entirely on the strength and secrecy of that passphrase. Even users with a strong passphrase should migrate to a newly generated seed as soon as practical.

Never enter your seed words or passphrase into a website, computer, phone, chatbot, or “recovery service.” Do not panic, but do not ignore this. Proceed calmly, verify every step, and act promptly. For further updates, rely on official Coinkite and COLDCARD sources:

• Security announcements: https://t.co/JU2kqtsqJh
• COLDCARD on X: @COLDCARDwallet
• Coinkite on X: @Coinkite
• Firmware releases and upgrade instructions: https://t.co/FNbbpN0Gnk

Be cautious of unsolicited messages, unofficial “recovery tools,” and accounts offering to help migrate your funds.

[The Kobeissi Letter @KobeissiLetter]

The Situational Awareness situation.

It is now being reported that the AI hedge fund has exited its entire public equity portfolio this month.

But, what does this really mean?

As of July 1st, the Net Asset Value (NAV) of the fund is now being reported to have been ~$45 billion.

First, let's put this into perspective.

NAV = (Assets − Liabilities). This is the fund's equity capital, also known as the investors' money after accounting for borrowings.

This is NOT the same as the size of the fund's positions, particularly because the fund has been known for utilizing extreme amounts of leverage. For example:

1. At 2x leverage, a $45 billion NAV supports ~$90 billion of gross market exposure
2. At 3x leverage, that rises to ~$135 billion
3. At 4x leverage, that rises to ~ $180 billion

This means that exiting its "public equity book" does not necessarily imply $45 billion of stock changed hands. It was likely much more.

Depending on the fund's leverage and portfolio construction, the gross amount of securities unwound could have been well in excess of $100 billion.

When considering these facts, the market has actually held up exceptionally well.

There has never been an era of investing like the AI era.

Volatility is the new normal.

[Michael Saylor @saylor]

Strategy announces Q2 2026 results:
- Increased $BTC Holdings by 11%
- Reduced Convertible Debt by 18%
- Increased USD Reserve by 12%
- Increased BPS by 5%
https://t.co/2hQp4Rvhji

[zerohedge @zerohedge]

SITUATIONAL AWARENESS HAS EXITED ALL OF ITS PUBLIC EQUITY TRADES: CNBC

[zerohedge @zerohedge]

Situational Awareness, the $20 BN hedge fund founded by former OpenAI employee Leopold Aschenbrenner, has sought to raise fresh capital from investors after suffering heavy losses during the recent rout in AI stocks: FT

[Michael Saylor @saylor]

Governments can accelerate Bitcoin adoption.
Governments can delay Bitcoin adoption.
They cannot stop Bitcoin.

Block by block. Nation by nation. Bitcoin advances.

[Michael Saylor @saylor]

We repurchased 288,930 shares of $STRC for $25M at an average price of $86.52 per share. We intend to remain a regular, disciplined buyer of STRC below $100. More at deeper discounts, less as STRC nears $100. Another $975M remains available for our prefs. https://t.co/cpUNofIcBy

[Michael Saylor @saylor]

Strategy has increased its USD Reserve by $525 million, achieving 2.1 years of dividend coverage. As of 7/26/2026, we hodl ₿843,775 in our BTC Reserve and $3.75 billion in our USD Reserve. $MSTR $STRC https://t.co/Diy0008VE5

[Hut 8 @Hut8Corp]

Hut 8 has fully commercialized its 1 GW Beacon Point AI data center campus with a second 352 MW IT lease, bringing campus-level base-term contract value to $19.6 billion. The 15-year lease doubles the existing high-investment-grade tenant's contracted capacity at the campus to 704 MW, and renewal options carry potential campus-level contract value to $50.2 billion.

Across its portfolio, Hut 8's contracted AI data center capacity now totals 949 MW, supported by 1,330 MW of utility capacity, representing $26.6 billion in aggregate base-term contract value and average annual NOI of more than $1.75 billion. 100% of that capacity is leased to or backstopped by investment-grade counterparties.

Read the full release: https://t.co/WYQRXPnypy

[Strategy @Strategy]

Strategy has increased its USD Reserve by $225 million. As of 7/19/2026, we hodl ₿843,775 in our BTC Reserve and $3.2 billion in our USD Reserve. $MSTR $STRC
https://t.co/YN1hABNkME

[IREN @IREN_Ltd]

IREN has signed $2.8bn in new multi-year AI Cloud services contracts with leading AI developers and raised its year-end 2026 AI Cloud ARR target from $3.7bn to over $4.0bn.

“Our vertically integrated AI Cloud platform is scaling at pace. In the past 12 months we have expanded from approximately 3MW of self-built AI Cloud capacity to 480MW being delivered this year, with 1.2GW targeted for 2027, broadening our customer base across hyperscalers, enterprises and AI developers.”

“We are proud to support leading companies building frontier applications across design, physical AI and robotics, generative media, AI search and model development.” - @danroberts0101

Press release: https://t.co/7W3Ze0JThN

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Total US federal debt is now up to a record $39.4 trillion, rising +$3.2 trillion over the last 12 months.

Since 2020, US federal debt is now up a massive +$16.3 trillion.

This marks a +$2.5 trillion average annual increase, or +$209 billion per month.

At this pace, total US debt will surge to $50.0 trillion before 2030.

The US debt crisis has no end in sight.

[Strategy @Strategy]

Strategy has increased its USD Reserve by $450 million. As of 7/12/2026, we hodl ₿843,775 in our BTC Reserves and $3.0 billion in our USD Reserves. $MSTR $STRC
https://t.co/0YQTQd7CXS

[Michael Saylor @saylor]

After a decade of blockspace fears and non-monetary-use panics, Bitcoin still has no spam problem. Fees are 1 sat/vB: anyone can move any amount globally with immediate processing for ~$0.30. The free market has always solved Bitcoin’s blockspace challenges. $BTC

[Strategy @Strategy]

Strategy has sold 3,588 $BTC for $216 million to fund dividends on our Digital Credit securities. As of 7/5/2026, we hodl ₿843,775 in our BTC Reserves and $2.55 billion in our USD Reserves.
https://t.co/BjIBxLmI3Q

[Michael Saylor @saylor]

Bitcoin is Digital Energy.