Greg Dunbar

A little of this and a lot of that...

[AA ⚡️ @AAStack]

The more scrutiny Michael Saylor and @Strategy receive, the better I sleep at night as an investor.

I don’t want less criticism.

I want more.

I want every journalist, analyst, short seller, regulator, accountant, and Bitcoiner examining every filing, every capital raise, every earnings call, and every Bitcoin purchase.

Why?

Because sunlight is a feature, not a bug.

The best companies in the world survive scrutiny. Great ideas get stronger when challenged. Weak ideas break.

If Strategy is going to become one of the largest Bitcoin companies on Earth, then it should also be one of the most transparent companies on Earth.

I want millions of eyes watching every move.

Because mistakes caught early are cheaper than mistakes discovered late.

The goal isn’t blind trust.

The goal is radical transparency.

If the thesis is sound, scrutiny doesn’t weaken it.

It strengthens it.

[Jason Ai. Williams @GoingParabolic]

Looks like Bitcoin hit that $59k level and hasn't turned back. First green week in a year. Needs to make a big move to reverse the YTD -23.87% return. 12 months performance is -36.84%.

Looking strong off bullish news from the WhiteHouse.

[Dan Hillery @hillery_dan]

Strategy's preferred equities will be some of the most important financial innovations of the 21st century.

[Dan Hillery @hillery_dan]

When Bitcoin comes back it will come back with a roaring vengeance.

[Adam Back @adam3us]

@AdamBLiv this is why @saylor's proposition bet with $STRC is great: tells the doubters, ok we will pay you 11.5% rolling watch us slow motion win, televised. eventually they start to realize they took the wrong side of the trade and copy trade (buy bitcoin among treasury assets etc).

[Josh Man @JoshMandell6]

@scottmelker Supply shock induced inflation, such as that caused by price hikes in energy, cannot be fixed by increasing interest rates.

[Matt Cole @ColeMacro]

@parkeralewis Inaccurate.

Since the start of 2024, $MSTR has outperformed Bitcoin by 49%, about ~1.7x of Bitcoin total return annualized.

Most importantly, MSTR has outperformed BTC since inception in 2020.

A well executed amplified BTC strategy is great for low time preference investors.

[Strategy @Strategy]

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/WjionpFrva

[Matt Cole @ColeMacro]

Strive acquired an additional 73 $BTC for ~$4.7 million at an average cost of ~$63,646 per bitcoin.

$ASST $SATA

[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

[Samson Mow @Excellion]

We did. 🐂

[Simon Gerovich @gerovich]

A few weeks ago I wrote that the pieces were being put in place, and that in time the picture would speak for itself.
This is that picture. Or part of it.

A structure still under construction, in orbit. A few panels lit, most of it still dark. Each one is a business we are building around a single core, and there is far more ahead of us than behind us.

We have agreed the first pieces. What we build with them comes next, and that is the part that matters.
Products originated, managed and distributed in-house. The cash they generate turned into more Bitcoin per share.

We are building it for the long term, and for every shareholder who is with us for the journey.
When every panel is finally lit, the pieces stop being pieces. They fuse into a single body, whole and self-contained, with Bitcoin at its core.
A planet.
Metaplanet.

[Michael Saylor @saylor]

Another Orange Star

[Greg Dunbar @Dunbar1994]

RT @JoshMandell6: Honestly, I was hoping they would settle things in a cage match.

[Josh Man @JoshMandell6]

When CME futures are all day traded,
Weekend rallies ought not be faded
These are the spikes which are most hated.
By those old Tradfi's who are too jaded.

[Myles G Investments @MylesGinvest]

FOMC is this week

They ended the war right before the first meeting with the new Fed chair who would be able to project inflation coming down quick with dropping oil prices and mention rate cuts

Bullish for crypto

[Greg Dunbar @Dunbar1994]

@martypartymusic Definitely going to return to take out the long yellow and blue at bottom. When do idiots stop levering up knowing they lose

[Bit Paine ⚡️ @BitPaine]

🚨 BREAKING 🚨

The Vibes Republic of Capital Management has declared war on shorts. They are infidels, and they shall be destroyed.

[MartyParty @martypartymusic]

THE DEAL WITH THE ISLAMIC REPUBLIC OF IRAN IS NOW COMPLETE. CONGRATULATIONS TO ALL! I HEREBY FULLY AUTHORIZE THE TOLL FREE OPENING OF THE STRAIT OF HORMUZ, AND, SIMULTANEOUSLY HEREWITH, AUTHORIZE THE IMMEDIATE REMOVAL OF THE UNITED STATES NAVAL BLOCKADE. SHIPS OF THE WORLD, START YOUR ENGINES. LET THE OIL FLOW!: REALDONALDTRUMP

[Chaitanya Jain @CJ_Bitcoin]

Price to Book (P/B) of any equity trades >1x when the expected Return on Equity (ROE) is greater than the Cost of Equity.

The ROE of Bitcoin Treasury Companies can be greater than $BTC ARR, if the cost of leverage is lower than $BTC ARR. This is how leverage works for purchasing any asset.

GBTC had no ability to take on leverage. It didn't have optionality with its capital structure or operations. Plus, it had a drag from its management fees.