CC, Pharm₿ ⚡️

[Kaz Nejatian @nejatian]

Some news. Today, for the first time in Opendoor's history, we bought back our own stock.

Our share count is down 5%. We paid for this buyback with money borrowed at a 0% coupon and we still have hundreds of millions of dollars left to grow faster.

There are plenty of helpful details, along with a lot of legalese, in our press release and 8-K (linked below). But there are a few things I want to say directly and in plain English.

First, I *despise* dilution. On my first earnings call at Opendoor, I told you that if we issue a share, it has only one job: to make every other share worth more for our existing shareholders, not to extend runway for management. The flip side is just as simple: when our own stock is one of the best uses of capital, we should buy it back. Today, we did just that - by 5%.

Second, I run a publicly traded company. I don’t get to have feelings about the macro or the way Wall Street works. My job is to understand the rules of the game and use them to find an edge and build a better company.

One of those realities is that our stock price has lots of volatility.

People disagree - A LOT - about what Opendoor could be worth one day. Some think we're worth less. Some think we're worth dramatically more. I obviously have a view…

That disagreement isn’t just noise - it has economic value that Wall Street monetizes every single day.

Most companies would treat this as a headache, but we see it as an asset. If people are going to speculate about our future, I'd rather our shareholders get paid than anyone else. So instead of complaining about volatility, we used those dynamics to borrow $650M at a 0% coupon.

Then we turned around and used part of those proceeds to buy back our own stock. At today's prices, buying back our stock and call options was one of the best trades on the board. The rest stays on our balance sheet so we can buy more homes and grow faster.

As for dilution, we bought our stock where we thought it was cheap and pushed any future dilution far above today’s price. Not one net new Opendoor share will exist below $10.38. And if we buy back stock in the future, that floor goes higher.

But why raise now? Because the best time to raise capital is when you don’t need it. We’ve proven the business can reach ANI profitability, but profitability is just the starting point, not the finish line. And waiting could make the shares we are buying back today more expensive, and homes we could be buying don’t get bought. I’d rather move now.

Some people will call what we did today aggressive. They’re right. But being aggressive is how we fixed a company that spent years being careful. I’d make that trade again.

To our shareholders: You trusted us with your capital. Today, for the first time, Opendoor used its own capital to buy more of itself. The company is putting its money where its mouth is. Tomorrow, I will too.

After our lawyers allow, I’m personally buying $100K worth of shares. I'm all in, and I plan to keep buying.

[CC, Pharm₿ ⚡️ @HydRxo1]

@Invst_Informant Bought today as well. 3.46 🫡

[CC, Pharm₿ ⚡️ @HydRxo1]

@CrypticTrades_ Let’s go. Proud of you my man!

[Cryptic Trades @CrypticTrades_]

I have a MASSIVE ANNOUNCEMENT to make! 🚨

Over the past several months, my team and I have been working behind the scenes to build our own PROPRIETARY TRADING SYSTEMS.

The backtesting phase is now nearly complete.

We’ve developed TWO SYSTEMS:

One designed for short-term traders.

One designed for long-term investors.

Over the past few weeks, these indicators have helped me identify major tops, durable bottoms, and some of the GREATEST opportunities across the market.

Buying $MSFT at $370
Buying $PLTR at $120
Scaling out of my hedges on $BTC and BUYING at $58.5K
Scaling out of my hedges on $ETH and BUYING at $1,550
Buying $IREN at $30
Buying $CIFR at $17

And many other calls I've shared publicly in the timeline.

Starting tomorrow, I’ll begin sharing real examples of these systems in action for our watchlist of stocks.

They will officially launch in SEPTEMBER and will be available exclusively to Premium Patreon members.

I’m also giving FIVE PEOPLE FREE ACCESS.

To enter:

Like.

Comment.

Repost.

I’ll randomly select five people from the replies.

Keep your notifications ON.

Tomorrow, the rollout begins. 👀

[The Kobeissi Letter @KobeissiLetter]

BREAKING: President Trump says he has cancelled the US attack on Iran and that the “perimeters of a deal” have been agreed to.

Trump says this deal will include “a total reopening of the Strait of Hormuz.”

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The S&P 500 erases all gains and turns red on the day as the US 10Y Note Yield surges to its highest level since January 2025.

[CC, Pharm₿ ⚡️ @HydRxo1]

@TheLongInvest All with Cramers help. Incredible.

[CC, Pharm₿ ⚡️ @HydRxo1]

JIM CRAMER IS A FRAUD $CIFR $CLSK

[German capitalist @HHGF99]

🚨🚨 $OPEN 671 contracts new record set!
And this during high yields, rising oil prices and still the slowest period of the year wow! 🚀🚀

[Morgan Brown @morganb]

Opendoor is now running ads in ChatGPT.

We launched a test this week putting Opendoor in front of sellers directly inside ChatGPT via OpenAI's new ad product.

Excited to see how this new channel does.

[CC, Pharm₿ ⚡️ @HydRxo1]

@MrNeverSell 9.42

[CC, Pharm₿ ⚡️ @HydRxo1]

@DGretta_Author Ohio pizza is debatably worse

[Kevin Xu @kevinxu]

NEW ALL IN*: $CLSK @ 15.83

I said the biggest winners in H2 2026 will be neoclouds and now I'm putting my money where my mouth is on the one with the most asymmetric upside.

Thesis is simple: every hyperscaler is raising capex and it will be a neocloud summer 😎

$CLSK has more than 1.8 GW of power and just signed a 20-year $6.6B triple-net lease (~100% margins) with a mystery hyperscaler.

Contracted revenue could rise to $11.6B, 3X their current market cap.

They are earlier in the transition from bitcoin miner to AI data center but that also means the bigger the re-rating.

IMO high-reward low-risk swing as the market prices in we need MORE compute from all these earning reports and good long-term hold too if you're into that.

Also:
- Leopold owns $100M about ~5% of the company
- $META is the rumored hyperscaler
- 32% short interest, one of the highest amongst neoclouds

It's been green the last few days amongst this rollercoaster of a market which is good strength to me and worth an entry today.

Huge credit to @michaelsikand for this amazing writeup https://t.co/8l0E6nVou7 and @Dick_Capital too.

---

*As a reminder: this is my challenge account where I restarted with $35k to go all-in swing trading 1 stock at a time to $10M again.

Currently at $49K.

Realtime alerts to subscribers. Summaries after market close to non-subscribers.

As always, please do your own research with your own independent thinking and risk tolerance and decide your own buys and sells. I may trade on a whims notice.

[unusual_whales @unusual_whales]

84% of small business owners seeking to hire said they found few or no qualified applicants for their jobs, per NFIB

[Gary A. Vecchiarelli @GaryVec]

20-year $6.6B triple-net lease with a top-tier tech giant at Sandersville = stable AI infra cash flows. $CLSK

[Cantonese Cat 🐱🐈 @cantonmeow]

$BABA 3 month candles, Bollinger band shown

[S Matthew Schultz @smatthewschultz]

Great opportunity to discuss the 20 year NNN —NOT modified gross—-data center lease we just completed with a HIGH INVESTMENT GRADE TENANT, giving us financial flexibility at the project level WITHOUT having to rely on equity linked financing. Massive win for $clsk and all @CleanSpark_Inc shareholders. This is the premier lease thus far in the sector.

[Novo Nordisk @novonordisk]

#PRESS Our GLP-1 pill for the treatment of obesity and injectable semaglutide 7.2 mg is approved in the EU as we expand global access to obesity care. Read more here: https://t.co/Dbaray0JND

[Freedom By 40 @Freedom_By_40]

$CLSK

I do understand if people are underwhelmed so far by the price action on the day of the deal.

Unfortunately short term price action often times doesn't make any sense.. as we saw with wulf and mara as well.

The bottom line is if it can hold the lower box it can go to the upper box if not beyond it.

Will do a video tonight on the two counts I am monitoring if enough people want to see it.

[S Matthew Schultz @smatthewschultz]

Looking forward to chatting about this on @CNBC today on @PowerLunch …

Join me!

https://t.co/mMqw92tiwZ