The Bitcoin Effect

[The Bitcoin Effect @TheBTCeffect]

@LukeGromen Cash settled derivatives ≠ digital credit

[The Bitcoin Effect @TheBTCeffect]

@KashRamki Are you sure they were approved by the large load interconnection process?

[Scott Ellam @btconlyscott]

@FT If someone spent $59 a month on BTC instead of the FT subscription since the FT first published an article on BTC in 2013.

This is the result.

[The Bitcoin Effect @TheBTCeffect]

@LynAldenContact Can @natbrunell moderate a debate between you and @LawrenceLepard on big print vs gradual print?

[The Bitcoin Effect @TheBTCeffect]

@Halstonvalencia @LawrenceLepard @LynAldenContact @jackmallers @saifedean @adamobrien Congrats and fight on ✌️

[The Bitcoin Effect @TheBTCeffect]

@BTC_for_Freedom @LynAldenContact @LastCoinStandng @LynAldenContact what is your Myers Briggs?

[The Bitcoin Effect @TheBTCeffect]

@chamath @willnitze Didn’t you have like 5% of the BTC supply

[Lyn Alden @LynAldenContact]

Well, that escalated quickly.

My Nothing Stops This Train keynote from Vegas has 200,000+ views on YouTube after the first week.
https://t.co/QXfcpp2Tis

[The Bitcoin Effect @TheBTCeffect]

@joshmdona @Astropin All info was publicly available since inception. Didn’t have to be an accredited investor, open to everyone. People like Andreas antonopoulos teaching about it and simplifying it since 2012. If you didn’t get in until 100k, you probably heard about it yet actively avoided it

[The Bitcoin Effect @TheBTCeffect]

@wolfeypackey @wclemente So is Trump

[The Bitcoin Effect @TheBTCeffect]

@JazzyJeff8521 @bitcoinhypeman You just need to study BTC more. If you don’t understand BTC you won’t understand what MSTR is building

[The Bitcoin Effect @TheBTCeffect]

@bitkey Multi sig. can you share how you’re thinking about quantum proofing?

[The Bitcoin Effect @TheBTCeffect]

@FinPhilosopher @MattBarclay20 “Financial philosopher” who doesn’t understand the importance of scarcity

[GameStop @gamestop]

An announcement regarding Bitcoin

[Strategy @Strategy]

Strategy announces pricing of its Strife Perpetual Preferred Stock ($STRF) Offering and upsizes the deal from $500M to $722.5M $MSTR
https://t.co/JnBDH5HJpu

[Eric Weiss @Eric_BIGfund]

@davidsacks47 @gauchoeddy Selling gold to buy Bitcoin is budget-neutral.

[Peter Schiff @PeterSchiff]

I get the rationale for a Bitcoin reserve. I don't agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let's create a Bitcoin reserve too. But what's the rationale for an XRP reserve? Why the hell would we need that?

[Ben Werkman @Werkman]

I know retail is hating this $MSTR price action for the most part, but do you know who loves it?

The convertible arbitrage desk buyers of the convertible bonds.

These significant expansions and contractions of price are what allow them to run their delta hedging strategies and is exactly why they love holding these bonds and trading around them on the equity.

Remember, retail is not driving the ship here. It'd be ignorant to think so, just look at the volumes trading. The major capital that is at play is loving this price action for the last month. It's an institutional level capital playground for generating returns on Wall Street.

Also for reference, this correction we've seen has happened several times already this year. It's not abnormal behavior for the stock.

March/April we went peak to trough -49%.

June/July we went -31%.

July/August we went -44%.

Nov/December (current) we went -42% peak to trough.

So what we've seen is hardly out of character for MSTR. It's not the first major correction we've seen, and it absolutely won't be the last. When you design an equity for volatility, you can't be surprised when volatility happens.

It's always felt like it's over, it never has been.

[The Bitcoin Effect @TheBTCeffect]

@LizardWizardBTC @legacy_western He also sold a lot towards the bottom and might have too much pride

[Michael Saylor @saylor]

MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR https://t.co/SaWLNBVkrl