Ragnar

Focused on Bitcoin, Al, robots, and psychedelics. Turning $10M into $100M to fund psychedelic healing. Regular minidosing in nature.🌿

[Ragnar @RoaringRagnar]

It was great while it lasted, Warriors. I hope you took profits. See you in 2029.

[Ragnar @RoaringRagnar]

Anyone interested to buy this island in Tanzania?

Bro needs to buy the Bitcoin dip.

[Ragnar @RoaringRagnar]

Less than a week to go until launch!

[Ragnar @RoaringRagnar]

Did some research on Scott Bessent and Kevin Warsh.

Both were very successful money managers before there current roles at the US Treasury and Fed.

Both worked with Druckenmiller, one of the most successful investors of all time.

Net worth:

- Scott Bessent (age 64): $500-$700 million
- Kevin Warsh (age 56): $135-$226 million

Main source for both of their wealth is hedge fund money management.

[Ragnar @RoaringRagnar]

Here’s another reason to never bet against Elon Musk.

He‘s building 200GW/year of solar, and casting his own natural gas turbine blades.

I can‘t wait for SpaceX and Tesla to merge.

[Ragnar @RoaringRagnar]

I need a lot more SpaceX shares…

[Ragnar @RoaringRagnar]

Strategy is back in the game.

They raised $603 million from the common stock, and bought their first Bitcoin after a 2 month break.

With that, they basically re-bought 3 of the 4 tranches they sold recently, and remain a huge net buyer in 2026.

They also increased their cash reserve to 4.0 years, bought back $152 million of $STRC, and are now at 0.0% net leverage, which is great news.

All of this comes at a substantial price.

BTC Yield QTD is now at -11.8%, and the YTD is at -3.7%.

Full focus remains on bringing $STRC back to par, which I continue to agree with.

Not long until their Bitcoin accumulation engine gets restarted.

[Ragnar @RoaringRagnar]

Strive knocked it out of the park last week.

They grew their Bitcoin stack by 8.4%, which feels unreal given that Bitcoin is below $80,000.

It's also the first week since the end of June with a substantially positive BTC Yield.

Key stats:

- SATA ATM capture rate: ~53%
- BTC Yield YTD: 40.8%
- Amplification: 50.2%
- Cash dividend coverage: 1.97 years

I also love that they sold ~$80 million worth of common stock. That's exactly what I advocated for in my posts. Capture some, but without giving the shorts too much relief.

Performance like this is the reason why Strive is my #1 Bitcoin treasury position.

Excellent work, team.

[Ragnar @RoaringRagnar]

Link to complete spreadsheet (way more detailed than the screenshot): https://t.co/DhgOTSdANc (use "File > Make a Copy" to download & edit)

Follow me @RoaringRagnar to not miss any updates.

[Ragnar @RoaringRagnar]

Key Metrics of Bitcoin Treasury Companies – August 31, 2026:
$MSTR, $MPJPY, $ASST

[Ragnar @RoaringRagnar]

Strive jumped to #5 on the ₿100.

If they continue to grow with ~1,000 BTC per week, they'll surpass MARA in ~12 weeks.

After that, it will be a head-to-head between Strive and Metaplanet.

[Ragnar @RoaringRagnar]

$TSLA is getting ready for Cybercab launch on Thursday.

[Ragnar @RoaringRagnar]

The $ASST rocket ship keeps going.

[Ragnar @RoaringRagnar]

Last week, Strive sold ~$80 million of common stock.

With $ASST ripping, and being at a 1.89x CEBE mNAV, I‘m sure they are repeating it as we speak.

Bullish on this collection of podcasters.

[Ragnar @RoaringRagnar]

Strive has outperformed Metaplanet by 3x since the lows in March, and I expect this trend to continue for the forseeable future.

Nothing beats a well oiled Bitcoin accumulation machine.

[Ragnar @RoaringRagnar]

Here are my conclusions after speaking with the Metaplanet team regarding the 10th series situation.

[Ragnar @RoaringRagnar]

Strive CEO @ColeMacro answered my compensation questions in 1 hour and 8 minutes 🤯

Love this level of transparency.

Here's their employee compensation framework:

[Ragnar @RoaringRagnar]

.@ZynxBTC (and many others) raised the same issue. There‘s just no way the team hasn‘t seen it.

[Ragnar @RoaringRagnar]

Remember the mysterious 96.25 million additional shares from the Metaplanet international offering last year?

Now we finally have our answer (confirmed by Grok):

"Yes. The 96.25 million extra diluted shares match the 10th Series anti-dilution ratchet exactly.

The 10th Series stock acquisition rights (granted in early 2023, ¥10 strike) contained an adjustment clause that reset the option pool to 20% of fully diluted shares after every capital increase. That formula is equivalent to the pool growing by 25% of any new shares issued."

As you can see in the post below, many of us have asked the team multiple times.

And we followed up multiple times (see here for example) without any answer by the team: https://t.co/lZZtonDOb1

@metaplanetdays has cracked it, but unfortunately I haven‘t seen it back then: https://t.co/yB4x2azDTB

This is the final nail in the coffin.

I haven‘t planned to announce this, but I have rotated all of my remaining Metaplanet shares to $ASST this week.

I might be back one day, but honestly I don‘t plan to, as the Strive team have built exactly what I hoped Metaplanet would build one day.

Onwards and upwards.

[Ragnar @RoaringRagnar]

Remember the mysterious 96.25 million additional shares from the Metaplanet international offering last year?

I finally found the answer.