@jameslavish 💯 it’s just painful to keep averaging in while it ticks down after underperforming previous expectations to the upside. I couldn’t believe that we topped the cycle at $128k. Pretty horrendous stuff.
USAID funded the Maidan Revolution in Ukraine in 2014 that directly led to the 2014-2022 Donbas War (15,000 killed) and the subsequent 2022 Russia-Ukraine War (300,000 killed). So did USAID supporters murder 315,000 people?
When I gave this speech in October 2022, Bitcoin traded near $20,000, Strategy held 130,000 BTC worth about $2.6 billion, and $MSTR was ~$24 split-adjusted. Weeks later, after Bitcoin fell below $16,000, our debt exceeded the combined value of our BTC and cash reserves by ~$300 million, and $MSTR fell into the $13 range by year-end.
We stayed focused, strengthened the company, and executed our strategy. Since then, Strategy has raised over $60 billion of additional capital and invested it in Bitcoin, adding more than 716,000 BTC. Today, our BTC and USD reserves exceed debt by ~$48 billion. Thank you to everyone who believed, endured, and took the long view.
The degree of intellectual gymnastics you have to go through to land at Pierre’s alternative reality is mind boggling. Fun to experience how objectively smart people can stray so far.
Trump achieved total victory against the IRGC. The threats on the Strait of Hormuz were broken by nighttime convoys, so Iran had to sign the MOU. Venezuela proved regime change can be de facto even if not de jure. They'll internally message whatever to save face and cope.
$300 billion is 5 X as much as Congress spends on our roads & bridges annually. I’m tired of winning.
The U.S.A. “undertakes with regional partners to develop a definitive, mutually agreed plan with at least $300 billion for the reconstruction and economic development of” Iran.