RTCombat.RichardThomas.blog 🥊

#CombatSports blog ✍️ by @RichardThomas I Using this Twitter X to follow #FightSports and #ProWrestling

[Andrew Webley @asjwebley]

For the third consecutive week, there have been no sales through either of our ATM facilities.

Our priority remains clear: grow Bitcoin per share and use both of our equities intelligently, always with existing shareholders in mind. Our ATM partner operates within parameters that we set.

When SWC, our Ordinary Shares, recently traded at a premium, we took the opportunity to raise capital. We did so carefully and with sensitivity to the market. With the benefit of hindsight, I believe we made the right decision.

In just two weeks, we raised almost £5 million, allowing us to reduce our Coinbase Strategic Credit Facility, buy more Bitcoin and strengthen our balance sheet. Importantly, there is no fixed mNAV level at which we sell SWC.

MORE is still very much in its early days, but it has been encouraging to see it trade reasonably well this week. The first weekly dividend reached shareholders' accounts on Monday.

At the current market price, MORE offers an effective yield of 14.12%, paid weekly, supported by a two-year dividend cash reserve and 6.70x Bitcoin coverage.

We have work to do. We need to increase awareness of MORE, build its scale and establish a longer track record. I believe it represents attractive value, and we are committed to growing it.

I also believe the market is significantly undervaluing our future growth potential. But there is little to be gained from complaining about market conditions or waiting for sentiment to change.

Our job is to keep building, keep communicating and keep delivering for shareholders.

Ultimately, execution matters more than words. If we continue to do what we say we will do, I believe the value we are creating will become increasingly difficult to ignore.

LSE: #SWC #MORE | OTC: $TSWCF $MORPF | FRA: $3M8

[Michael Saylor @saylor]

Go Deeper @ElonMusk 🧡