Ernie Keebler

┏┓
┃┃╱╲ In this
┃╱╱╲╲ house
╱╱╭╮╲╲ we root for
▔▏┗┛▕▔ ╱▔▔▔▔▔▔▔▔▔▔╲
SCORIGAMI
╱╱┏┳┓╭╮┏┳┓ ╲╲
▔▏┗┻┛┃┃┗┻┛▕▔

[The Assembly @InTheAssembly]

Bitcoin went from $11,000 to $80,000 since 2020.

Michael Saylor has made about 1% a year on it.

Here are the numbers straight from Strategy's 8-K filed Monday.

840,447 BTC. $63.4 billion spent. Average purchase price $75,385.

At $80,000 that's a 6% total return over 6 years. Roughly 1% annually.

US inflation over those same 6 years is around 25%.

So he's up 6% in dollars while the dollar lost a quarter of its purchasing power. In real terms the position is down about 19%.

This isn't my maths either. Their own Q1 filing this year states the cost basis of their bitcoin exceeded its fair value, with a $14.46 billion unrealized loss on the quarter.

Bitcoin did more than 7x in that window.

He turned a 7x into 1% a year by buying almost all of it near the highs… oops.

[Geiger Capital @Geiger_Capital]

Absolutely incredible…

Mark Cuban: "California is run terribly. The taxes are insane. That’s why people keep moving to Texas."

Mark Cuban (10 minutes later): "Vote for James Talarico. Turn Texas blue. What have Republicans ever done for the state."

[Ernie Keebler @KeeblerPlayboy]

@TradexWhisperer Now do $tsm

[Ernie Keebler @KeeblerPlayboy]

@TradexWhisperer Worries about $TSM in competition w/ intel on packaging?

[Ernie Keebler @KeeblerPlayboy]

@TradexWhisperer Buyback into $TSM ?

[Ernie Keebler @KeeblerPlayboy]

@BSO @Return_Of_RB

[Ernie Keebler @KeeblerPlayboy]

@UnnecRoughness Lame

[Ernie Keebler @KeeblerPlayboy]

@TradexWhisperer Thoughts on $TSM? Crushed earnings, multiple groups raised their price targets but down

[Ernie Keebler @KeeblerPlayboy]

@DaMidgetZimbo This tournament will be remembered by the VAR and its inconsistent application

[Ernie Keebler @KeeblerPlayboy]

@TradexWhisperer $TSM

[Ernie Keebler @KeeblerPlayboy]

@TradexWhisperer What is the wafer demand from their customers? Do we have an idea of it? I assume they have the demand to justify the expansion but I’m not as plugged in

[Ernie Keebler @KeeblerPlayboy]

@SahilBloom You treat the janitor and the CEO the same

[Ernie Keebler @KeeblerPlayboy]

@TomFornelli Any D1 QB can make that throw

[Ernie Keebler @KeeblerPlayboy]

@EBoKnowss i bought the bobblehead. how many gold versions are there.

[Ernie Keebler @KeeblerPlayboy]

@VinnysCorner1 willy taveras

[Ernie Keebler @KeeblerPlayboy]

@chrissssjohnson give me some plz

[Ernie Keebler @KeeblerPlayboy]

@John_Fanta Fanta, how good is tx tech hoops going to be

[Jeremy Beadling @JeremyChuggs]

Kamari Lassiter —> dub

#htownmade

[Ernie Keebler @KeeblerPlayboy]

@JeremyChuggs @ChatSports this team is weak chuggs, Mcnair out

[Ernie Keebler @KeeblerPlayboy]

@JeremyChuggs they need to fold the franchise. Losers led by losers