Marius Ferreira

[Jeff Swanson @theswansjr]

Email had roughly 1% global adoption in 1992.
Critics called it a toy for academics. Fax machines work fine.
Email is too technical.
Email is too slow.

Bitcoin has 1.3% global adoption today.
Same argument.
Same critics.

I wonder how the fax machine industry is doing.

[Sapiens - KalshiBackTest.com @BitcoinSapiens]

Kevin Warsh:

"AI and Bitcoin will ignite a massive economic boom in America."

The man who controls U.S. monetary policy

Not a influencer.
Not a Bitcoin maximalist.

Putting AI and Bitcoin in the same sentence as economic boom.

The most powerful monetary position in the world.
Just validated both industries simultaneously.

Act accordingly.

[Vivek Sen @Vivek4real_]

🇺🇸 RFK JR.:

“IF THE WORLD WERE ON A BITCOIN STANDARD AND OUR MONEY HELD ITS VALUE, WE WOULD ALL HAVE THE ABILITY TO LIVE MORE ABUNDANT LIVES.”

[Zynx @ZynxBTC]

The same people that told you STRC was going to zero are now arriving at the completely wrong conclusions about the Strategy Bitcoin sale.

They have missed the point entirely.

This is all about working towards S&P 500 inclusion and a better credit rating for their products.

For the first time ever, all 5 of the Strategy preferreds had their dividends paid for by capital raised through the sale of Bitcoin.

This has destroyed the "ponzi" narrative and is a clear demonstration of their willingness to sell Bitcoin if necessary.

It's also about proving that they can monetise their holdings even during a "Bitcoin stress"... words used by S&P Global back in October when they assigned Strategy their B- rating.

No rational person can view this Bitcoin sale in any other way. They have just increased their USD reserve to $2.5 billion, they are not desperate for capital.

The truth is, since October last year Saylor has been doing everything to address the concerns raised by S&P Global.

1) They established a USD reserve which has improved their USD liquidity.

2) They have paid back some of the convertible debt and made it clear they intend to pay it all back aggressively.

3) The company continues to demonstrate strong access to capital markets even during a "Bitcoin stress".

Unfortunately you will see a lot of misinformation and FUD today but this should provide clarity amongst all the noise.

Bullish on $MSTR.

[Zynx @ZynxBTC]

S&P Global told $MSTR what they needed to do.

Saylor responded.

-Established a USD reserve of $2.5B.
-Repurchased $1.5B of convertible debt.
-Sold BTC to pay dividends, killing ponzi narrative.
-Maintained strong access to capital markets during a Bitcoin bear market.

Bullish.

[Adam Livingston @AdamBLiv]

Common stock MSTR shareholders are not paying someone else’s dividend for nothing. They are paying a cost of capital to own amplified residual Bitcoin exposure. The word for that is finance.

Preferred gets the coupon. Common gets the convexity.

MSTR shareholders recognize that paying 12% dividends for 42% amplified exposure to a volatile growth asset makes sense mathematically if they are bullish on the underlying asset (Bitcoin).

This is by far and away the #1 misunderstanding about the entire MSTR trade.

If you think the MSTR shareholders are getting recklessly diluted and getting nothing in return, you literally have zero idea what you are talking about.

[Dr. Maalouf ‏ @realMaalouf]

Admiral James Lyons:

“I reject the term ‘radical Islam.’ Islam is Islam. There are no moderates, and we all know it!

Islam is a totalitarian ideology bent on world domination masquerading as a religion!”

He is 100% right.

[Fred Krueger #BIP-110 @dotkrueger]

From $120k to $60k, Bitcoiners were selling all the way down. Saylor was buying. It took 9 months.

On the way back, those sellers are gone—or far fewer remain. Saylor is still buying.

The reversal doesn't have to take 9 months.

It could take 3.

[Jesse Myers @Croesus_BTC]

Strategy sold 3,588 BTC last week.

That's 112x more than the 32 BTC they sold a few weeks ago (which freaked out the market).

Here's what's happening and why they are doing this...

1. Last week = Strategy sold

Last week, Strategy sold 3,588 BTC and used all of the proceeds ($216m) to fund dividend payments on their suite of preferred equities.

Q2 dividend payments for STRF, STRK, STRD, and STRE... and June dividends for STRC.

Notably, BTC price opened last week at $59.5k. Strategy sold 3,588 BTC over the course of the week, yet BTC price went up to $63.5k.

2. The bigger picture = Strategy is NET buying

Strategy bought 85,296 BTC in Q2. Their combined selling for Q2 was 3,620 BTC (32 + 3,588).

In other words, they bought 22.5x more BTC in Q2 than they sold.

(For 2026 YTD numbers, Strategy has bought ~175k BTC and sold 3.6k BTC. That's a 48x ratio.)

3. The message in advance

Weeks ago, Saylor explained what they are doing, in an interview with @CryptoMichNL (see clip)

"On occasion, we'll buy 20 Bitcoin & we'll sell 1 Bitcoin... Then the credit investors will give us enough to buy 20 more Bitcoin."

Saylor further explained the strategic rationale of selling Bitcoin...

"Our credit investors expect that we're going to support the credit dividend and pay it (and our asset is BTC)... 'will you sell some Bitcoin to pay us the money?' They expect me to say yes, because if I'm not going to pay the dividend, they're not going to buy the credit & the credit agency won't rate the credit."

4. What Strategy is doing

Strategy is showing the market that they can and will sell BTC. They are doing this to gain access to more credit market capital... so that they can buy much more BTC.

Saylor has recently asserted that it's important to "buy more Bitcoin than you sell."

This is that in action. In Q2, they bought 85k BTC. They then used 3.5k BTC to fund the dividends on the Digital Credit that enabled them to buy 85k BTC.

They bought 22.5 and sold 1.

5. What to expect next

Saylor said they will "inoculate the market" by selling a little BTC.

This is the second dose of inoculation. They will keep doing it until the market expects it and no longer reacts to it.

They are not dumping their BTC treasury strategy for dollars. That is the click-bait headline for the uninformed.

What they are telling you is that they plan to sell 1 BTC so they can buy 20 BTC. Over and over.

[Zynx @ZynxBTC]

Bitcoin is at least a $100 trillion asset currently trading at a market cap of $1.25 trillion.

That's an 80x opportunity for anyone who has the conviction to buy and hold $BTC for the next 20 years.

Only a select few will see it through.

Make sure you are one of them.

[Vivek Sen @Vivek4real_]

BREAKING: MICHAEL SAYLOR JUST GAVE AN EPIC RANT ON THE $MSTR FUD:

"IF BITCOIN GOES UP 0% FOR THE NEXT 40 YEARS, WE CAN STILL PAY THE DIVIDENDS.”

"WE CAN PAY THE DIVIDENDS FOREVER”

[Marius Ferreira @MakeSAwork]

@AdamBLiv Well said 🙌

[Adam Livingston @AdamBLiv]

Nobody warns you. That's the sick part.

Nobody sits you down and says, hey, if you spend one weekend actually reading about money, you will lose the ability to enjoy anything for the rest of your life.

Your brother-in-law just mentions it at a barbecue. That's how it starts. Some guy holding a hot dog says "you should look into Bitcoin" and you laugh at him.

You laugh AT him.

You make the tulip joke. You feel superior for eleven more days.

Then it's 2:47 in the morning and you're on your fourth Saylor podcast and your wife thinks you're having an affair.

And in a way, you are.

You're cheating on your entire worldview.

ou came in to debunk it. That's the trap. Everyone comes in to debunk it. You wanted to find the flaw, dunk on your brother-in-law, and go back to your Vanguard target date fund like a respectable adult.

Instead you found out what happened in 1971 and now you can't make eye contact with your 401k.

Because here's what actually happens.

Bitcoin is cool and all, but you REALLY learn about the dollar. Bitcoin is fine, Bitcoin is twenty-one million and a schedule, you understand it in an afternoon. The dollar takes months, because every time you think you've hit the bottom of that thing there's a trapdoor.

The Fed just... prints it? And they gave how much to the banks in 2008? And the banks did WHAT with it?

And the guy who ran that got a MEDAL? You're up at 4am reading about the Cantillon effect like it's your kid's toxicology report.

Then comes the phase where you're insufferable.

Everyone goes through it, nobody admits it. You ruin Thanksgiving. You genuinely ruin it. Your aunt says turkey prices are crazy this year and you see your opening like a lion seeing a wounded gazelle.

Forty-five minutes later you're drawing the M2 money supply on a napkin and your mother is crying and your uncle is saying "it's not backed by anything" for the ninth time while his pension is backed by the promises of a government that's thirty-seven trillion in debt.

He's worried about YOUR risk profile.

He has unit bias so bad he'd rather own a whole Shiba Inu coin than a fraction of the hardest asset ever created, because his brain, poisoned by seventy years of fiat, thinks "whole thing cheap" beats "piece of thing good."

And the prices. God, the prices. You can't turn it off.

You're in the grocery store repricing eggs in sats. The eggs are getting cheaper in sats. Everything is getting cheaper in sats except your will to explain that to anyone.

You look at a house and you don't see a house, you see the number of Bitcoin it costs, and that number falling forever, and you realize the housing crisis is a measuring stick crisis, and you say this out loud at a dinner party, once, and now you're not invited to dinner parties.

Then the anger burns off and something worse arrives.

Clarity. You realize nobody is coming to fix this.

The people in charge KNOW. That's the part that breaks you. They're not stupid, they're incentivized.

The debt can't be paid, only inflated, and every serious person in a suit on television knows it, and their plan is to be dead before the invoice arrives.

So you buy. Coinbase, first time, hands shaking like you're doing something illegal, and the fee annoys you, and that annoyance is the last normal financial emotion you will ever feel.

You set up the DCA. You learn what a hardware wallet is. You write twelve words on steel like a doomsday prepper, because that's what you are now, except your bunker is math.

And then the loneliness. Nobody tells you about the loneliness. You've seen it. You can't unsee it.

And you're surrounded by people you love who are working forty years to fill a bathtub with the drain open, and when you point at the drain they get mad at YOU.

So you stop pointing. You just stack quietly, in the dark, waiting for the day one of them comes to you, at a barbecue, holding a hot dog, and says the words.

"Hey... you were into Bitcoin, right?"

And you smile. Because it's their turn in the barrel.

Welcome. Nobody warned me either.

[The Bitcoin Historian @pete_rizzo_]

JACK MALLERS PREDICTS HOMES IN AMERICA WILL SOON COST LESS THAN 1.0 #BITCOIN

"TODAY THE AVERAGE HOME IN THE UNITED STATES ONLY COSTS 3 TO 4 COINS"

"THIS MEANS THE BEST WAY TO BE A HOMEOWNER OR PURCHASER OR LAND IS TO JUST BUY BTC"

ONE OF THE GREATEST VIDEO ADS FOR BTC EVER MADE 🔥

[The Bitcoin Historian @pete_rizzo_]

BREAKING: 🇷🇺 RUSSIA CENTRAL BANK JUST ANNOUNCED IT WILL LEGALIZE #BITCOIN AND CRYPTO FOR INTERNATIONAL TRADE AS EARLY AS SEPTEMBER

RUSSIA IS ABOUT TO PASS A MAJOR CRYPTO LAW BEFORE AMERICA

THIS IS A DIRECT MOVE TO BYPASS WESTERN SANCTIONS AND THE US DOLLAR

NATION-STATE GAME THEORY. IT'S HERE 🚀

[The Bitcoin Historian @pete_rizzo_]

SENATOR LUMMIS SAYS LIVE ON CNBC THAT THE CLARITY ACT WILL ENABLE ALL BANKS TO FREELY BUY AND HOLD #BITCOIN AND CRYPTO

"THIS WILL LAY THE FOUNDATION FOR THE FINANCIAL SERVICES OF THE 21st CENTURY"

BTC "WILL INCREASE DRAMATICALLY" AND TRIGGER ONE OF THE BIGGEST CAPITAL INFLOWS IN HISTORY

BRAND NEW DAY 🚀

[The Bitcoin Historian @pete_rizzo_]

THE WORLD'S 1st TRILLIONAIRE ELON MUSK SAYS AI WILL NEVER CRACK #BITCOIN

"THERE IS NO WAY FOR AI TO FUNDAMENTALLY SUBVERT THE NATURE OF MATHEMATICS"

AI CAN "ONLY IMPROVE" BTC MINING EFFICIENCY AND NOT COMPROMISE IT IN ANY WAY

THE STRONGEST COMPUTING NETWORK AND THE STRONGEST MONEY IN THE WORLD 🚀

[The Bitcoin Historian @pete_rizzo_]

SENATOR LUMMIS ABSOLUTELY DESTROYING ALL OPPOSITION TO THE #BITCOIN AND CRYPTO CLARITY ACT ON THE FLOOR OF CONGRESS

"IT LETS ALL PEOPLE EVERYONE IN THE WORLD TRANSMIT MONEY FASTER AND CHEAPER"

"IT PROVIDES A CHECK AND BALANCE ON OPPRESSIVE GOVERNMENTS GLOBALLY"

SHE IS BETTING HER ENTIRE CAREER ON THIS BILL

WHAT AN ABSOLUTE LEGEND 🔥

[The Bitcoin Historian @pete_rizzo_]

JUST IN: ODDS #BITCOIN AND CRYPTO CLARITY ACT PASSES WITH OVER 60 SENATORS VOTING IS NOW 66% ON KALSHI

CLEAR RULES FOR CRYPTO ARE FINALLY COMING

THE CRYPTO CAPITAL OF THE WORLD 🔥

[The Bitcoin Historian @pete_rizzo_]

JUST IN: BILLIONAIRE BILL MILLER JUST SAID LIVE ON CNBC THAT ANYONE WHO DOESN'T BUY THIS #BITCOIN DIP WILL REGRET IT

"THE INVESTMENT CASE FOR BTC HAS NEVER BEEN STRONGER"

"THE DEBT OBLIGATIONS BEING CREATED BY THIS COUNTRY ANNUALLY IS 50% LARGER THAN THE MARKET CAP OF BTC"

AI IS "DEFLATIONARY" AND WILL NEED TO BE MET WITH A "MASSIVE INFLUX OF MORE DOLLARS"

"THIS IS THE BEST WAY TO STORE YOUR CAPITAL" 🔥