I have no information other than what is public, but my initial reaction from @jackmallers stepping down as CEO of $XXI is that this will end up being good for @Strike and XXI.
I am the one of the largest shareholders of Strike and I am a big fan of @paoloardoino and the team at Tether.
These guys are all net positives for bitcoin and the millions of bitcoiners around the world.
People will get caught up in drama and rumors. That is all noise. Very few people have done more from bitcoin than Paolo, Jack, Strike, and Tether. I trust that they are making the right decisions for bitcoin, for themselves, and for their businesses.
There is still a lot of work to be done by everyone on Team Bitcoin.
Onwards!
Here is our current situation at $BRR:
Cash: ~ $13 million
Bitcoin: ~ $335 million
Cash + Bitcoin = ~ $348 million
Convertible debt: ~ $99 million
Market cap: ~ $181 million
NAV/share: ~ $2.83
Current share price: ~ $2.00
This means the company is trading at approximately 30% discount to the balance sheet value.
If you assign any value to @cfosilvia, which I obviously think is very valuable, then the discount is even larger.
My job over the coming weeks and months is to grow Silvia’s user base and revenue, while closing the ridiculous discount.
Chamath Palihapitiya concedes that CNBC’s Joe Kernen was “100% right” about President Trump.
Palihapitiya went even further, calling Trump “very smart” and a “great president.”
KERNEN: “You said I was 100% right on climate change.”
PALIHAPITIYA: “You were 100% right on climate change.”
KERNEN: “What about Trump?”
PALIHAPITIYA: “You’re 100% right on Trump. He’s fantastic!”
KERNEN: “Great person?”
PALIHAPITIYA: “Unbelievable person. Very smart on top of it. Open minded. Debates with you.”
KERNEN: “Great president?”
PALIHAPITIYA: “Great president, so far.”
@chamath
$BFCH | UNLOCKD
As the Company continues to evolve, so does our infrastructure.
We have implemented a new corporate phone system to better support shareholders, customers, and business development initiatives.
📞 (223) 332-4898
OTC Markets will be updated with our new contact information this week.
We’re also considering hosting periodic shareholder town halls to discuss strategy, recent developments, and answer appropriate questions - depending on shareholder interest.
Would this be something you’d like to see?
America was founded by young men who believed in a better future for themselves.
They coveted personal freedom, rugged individualism, and the unapologetic pursuit of capitalism.
Today we celebrate 250 years built on the foundation they laid.
Happy 4th of July! 🇺🇸
🚨 TOM LEE: "IN 12 MONTHS, WE'RE GOING TO SAY CRYPTO WAS A DOWNSTREAM STORY OF AI"
Fundstrat's Tom Lee tells CNBC that crypto is being ignored the same way memory stocks were before they went parabolic.
He says "2026 has been a big setback year, but the fundamental progress is still there."
There are MINI MAMDANIs popping up all around the country.
It is a dangerous thing — this is NOT a joke.
We are in a fight RIGHT NOW to save the Republic and EVERY AMERICAN needs to take this seriously.
NEW: Speaker Mike Johnson says the World Cup is creating an ironic split screen across America, as fans from around the world appreciate the U.S. "so more than these socialists running for Congress."
While radical left Democrats spend their time criticizing the country, visitors from around the world are flooding social media with videos of themselves falling in love with it — from Buc-ee’s and Waffle House to free chips and salsa in Texas.
"They've never known freedom. They've never known these kinds of things, and they're seeing them for themselves. The genius of America's system, a system that rewards risk takers and entrepreneurs and job creators and innovators and people who create jobs for others and expand the economy and opportunity and broaden the pathway out of poverty for more people."
"That's what we promise to the voters, and that's what we are delivering."
Suffering is a condition that comes from attaching yourself to things and outcomes.
If you desire nothing then nothing can control your mental peace. True freedom doesn't come from having things but from not desiring things. God will take care of you, you can rest in Him.
💥 Stephen A. Smith GOES OFF on Zohran Mamdani & the Democrats:
“If the Democratic Party becomes HIM, you have NO CHANCE on a national level — not for the Presidency, not the Senate, not the House. ZERO.”
“You might get a Democratic Socialist sprinkled here and there… but that ain’t America! America is about CAPITALISM! Dollars and cents! A flourishing economy!”
“And let’s keep it a buck — it’s NOT about free stuff! Somebody had to say it!”
🔥 Who else is tired of the “everything free” agenda? Drop a 💰 if you agree.
#StephenASmith #ZohranMamdani #Capitalism #AmericaFirst #NoFreeStuff #Democrats #Economy #Viral #Politics #HotTake
@Polymarket If true, that's bonkers
The fact that (some) Americans, who have benefitted more than any other people in history -- due to capitalism -- are now turning to socialism is blindly suicidal
"Crypto" is going to zero. Bitcoin is going to 1M+.
I've been working on Bitcoin since early 2013 when it was ~$50. First it was going to zero because of Silk Road. Then Mt. Gox. Then governments were going to ban it. Then it was slow technology and it was going to be crushed by all of the other coins. Then Sam Bankman-Fried and FTX were sending it to zero. Now there are new narratives. New people that are far too levered, don't understand Bitcoin, but are somehow here to fix it.
Yet, somehow, here we are. A $1T asset.
Bitcoin has been the best thing I could have poured my life into over the last 13+ years. Meanwhile, trust in governments and their ability to stop destroying the people and their purchasing power has never been worse in those same 13+ years.
At the end of the day, my advice to you: the Bitcoin journey is a hero's journey. You kill your ego. You surrender the idea that you're the all-knower of the future, the main character, and important enough to matter to this thing. Bitcoin doesn't care what you think and it doesn't need your permission. You either have the balls to build conviction in it or you don't. You built Barstool, you know this. There is no free lunch. Nobody gets paid to show up when things are easy. Life isn't charity. Participation trophies are worthless. Those that end up getting paid do so because they build something that was simply too hard for others.
Nobody has to convince you of anything. You have to convince you. If you believe in the government and their ability to not print away your purchasing power, sell us your bitcoins. If you don't and you think Bitcoin is an idea worth believing in, have some guts.
Your choice. Bitcoin has been and will continue to be successful either way. It's on a journey of its own and it will be there for you whenever you're ready.
Never trust a person who's entire personality is all about business and ROI
There are so many areas in life that matter like family, God, health, travel, friends, and more... Don't be a loser!
Yes, business is cool but it's not everything.
Do not become a slave to the paper!
$BFCH | UNLOCKD
One interesting takeaway from a recent NOBO report:
The Company appears to have approximately 6,200 shareholders.
We are genuinely surprised by the size of the shareholder base.
That level of ownership represents a meaningful asset as we continue building the platform.
Appreciate everyone who is following the story.