Luke Anglavar

Truth Seeker. Value Investor. In the business of making money.

[Luke Anglavar @LucasAnglavar]

@mikealfred Roger that 🫡

[Luke Anglavar @LucasAnglavar]

@mikealfred What did you buy at the open?

[Luke Anglavar @LucasAnglavar]

@mikealfred Do you have a charizard?

[Adam Livingston @AdamBLiv]

🚀ASST 2026 MOON MATH🚀

ASST is set up for absolute monster performance, and this is simply because the market is recognizing the balance sheet is set up for a MEGA-AMPLIFIED Bitcoin move, and it is materially de-risked via the funding mechanism of perpetual preferred equity (SATA).

Using today’s ASST tracker snapshot:

15,000.5 BTC
$505.95M debt + preferred
20,542 sats per basic share
ASST price: $16.88

That gets you to roughly:

Current CEBE: ~11,940 sats/share
Current CEBE value: ~$9.62/share
Current ASST / CEBE multiple: ~1.76x

Now assume ASST simply repeats April’s capital raising pace, about $71.13M per month, for the rest of the year.

If that money is raised through preferred-style senior capital, then at flat BTC, common CEBE is basically unchanged.

Why? Because the new BTC is offset by new claims.

So the upside case is not “they bought more BTC, line go up.”

The upside case is drag compression.

If BTC rises, the fixed dollar senior stack shrinks in BTC terms, while the enlarged BTC treasury reprices upward.

That is when common starts getting paid.

My implied ASST projections, holding today’s CEBE multiple constant, and April's pace is repeated each month with ZERO GROWTH:

BTC flat at $80.5k → $16.88
BTC to $120k → $33.24
BTC to $150k → $45.31
BTC to $200k → $65.00
BTC to $250k → $84.33

BPS can show “growth” even when common got nothing.

CEBE shows what common actually owns.

If ASST keeps raising at April’s pace, then at flat BTC the structure is mostly neutral.

If BTC rips, the preferred wrapper starts turning into a compression engine for common equity.

That’s the whole game.

[Luke Anglavar @LucasAnglavar]

@mikealfred Thank you 📝

[Luke Anglavar @LucasAnglavar]

@mikealfred what are u adding on the dip?

[Luke Anglavar @LucasAnglavar]

@mikealfred what are u adding today?

[Kaz Nejatian @nejatian]

Today, my wife and I bought 100,000 more shares of $OPEN. I don't look at the stock price that frequently. I did today and I thought it was worth my family becoming even more invested in Opendoor.

[Luke Anglavar @LucasAnglavar]

@mikealfred *follow the best forget the rest🐐🥂

[Luke Anglavar @LucasAnglavar]

@mikealfred If I didn’t sell and bought the long term stock dips can I stay in the game?

[Luke Anglavar @LucasAnglavar]

@mikealfred Any investment book recommendations please 🙏 or books in general

[Luke Anglavar @LucasAnglavar]

@GrindeOptions Simple, people are starting to wake up.

[Investment Wisdom @InvestingCanons]

Charlie Munger:

“One of my favorite tricks is the inversion process. Constantly invert: don’t think about what you want, you think about what you want to avoid.”

[The Tech Investor @TheTechInvest]

🚨OFFICIAL: $IREN has 4.5GW secured power capacity including 2 of the largest data centers on the planet + 150K GPUs compared to nearly 11K GPUs in early 2025.

[The ₿itcoin Therapist @TheBTCTherapist]

Y’ALL SOLD? 😂

[Luke Anglavar @LucasAnglavar]

@Micro2Macr0

[Shay Boloor @StockSavvyShay]

$OPEN is offering 4.99% 30-year fixed mortgages on its homes to stimulate buyer demand in a high-rate environment.

No points, no lender fees.

[The White House @WhiteHouse]

President Donald J. Trump on the United States military combat operations in Iran:

[Luke Anglavar @LucasAnglavar]

@mikealfred kid analyst hating a proven professional investor, make it make sense lol. Your my goat 🐐 strive to be in the same room as you one day!