Virtus Verbis Podcast

[Virtus Verbis Podcast @VirtusVerbis]

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[Grain of Salt @GrainofSaltSF]

Well said @dmweisberger !

[TFTC @TFTC21]

Nick Shirley found a single-story building in Queens claiming 7,000 patients and billing $12M

Healthcare isn't broken, it's a racket running exactly as designed.

Shirley keeps pulling threads the system hopes nobody touches.

[Eric Daugherty @EricLDaugh]

🚨 HOLY SMOKES. President Trump announces the United States will take 20% PERCENT TOLLS on all Strait of Hormuz traffic, and will now be known as “THE GUARDIAN OF THE HORMUZ STRAIT"

Effective IMMEDIATELY.

Iran is FUMING

"We are reinstating the THE IRANIAN BLOCKADE, so named because it is only stopping Iran’s ships or customers from entering or leaving. All other countries will have fair and open use of the Strait. The U.S.A. will be, from this point forward, known as “THE GUARDIAN OF THE HORMUZ STRAIT,” but as such, and as a matter of FAIRNESS, will be reimbursed, at the rate of 20% on all cargo shipped, for any and all costs necessary to do the job of providing safety and security to this very volatile section of the World. The process and formation will begin immediately."

[Adam Livingston @AdamBLiv]

Strategy sells 4,818,781 MSTR shares for $466.7 million net, bought zero Bitcoin, and finishes with a $3.0 billion USD reserve.

20.4 months of dividend coverage in cash now.

Was this accretive or dilutive for MSTR shareholders?

Did roughly $96.85 of new cash per issued share exceed the pre-issuance residual CEBE NAV per common share?

It was accretive to MSTR shareholders, and the cash position will likely be viewed as favorable for STRC investors.

Strategy received $466.7M ÷ 4.818781M = $96.85 of net cash per newly issued share.

Pre-transaction CEBE NAV was approximately $91.99 per share. Therefore, Strategy issued common equity at roughly $96.85 ÷ $91.99 = 1.053× CEBE NAV.

Even using only the reported $450 million reserve increase:

$450M ÷ 4.818781M = $93.38

That still exceeds the pre-issuance CEBE NAV of $91.99.

The break-even reserve increase was approximately:

4.818781M × $91.99 = $443.3M

The reported increase was about $450 million - roughly $6.7 million above CEBE-neutral.

Before: 144,208 sats/share of CEBE
After: 144,239 sats/share of CEBE
Accretion: +0.022%

[BitcoinTreasuries.NET @BTCtreasuries]

JUST IN: $132.5 billion Swedish banking giant Svenska Handelsbanken AB has increased its position in #Bitcoin treasury company Strategy $MSTR by 23,829 shares ($2.21 million).

Bringing its total holdings to 106,522 shares ($9.92 million).

The 2nd-largest bank in Sweden. 🔥

[Bitcoin For Corporations @BitcoinForCorps]

JUST IN: @OranjeBTC adds 8 BTC to its treasury, while repurchasing 70,000 shares during the week.

[Jeff Walton @PunterJeff]

Bitcoin is the free market answer to “The Reverse Information Paradox”

Q: How should firms protect their core IP?

A: Store the generated economic value in something truly scarce.

[Chaitanya Jain @CJ_Bitcoin]

We now have 20.4 months of dividend coverage through our USD Reserve. $STRC

[Michael Saylor @saylor]

Strategy has increased its USD Reserve by $450 million. As of 7/12/2026, we hodl ₿843,775 in our BTC Reserves and $3.0 billion in our USD Reserves. $MSTR $STRC https://t.co/OdFbjLuCTP

[Matt Cole @ColeMacro]

Strive acquired an additional 18 $BTC for ~$1.2M at an average cost of ~$64,028 per bitcoin.

$ASST $SATA

[Dylan LeClair @DylanLeClair]

.@MetaplanetSec is officially live: https://t.co/Yu3XPHP8D6

The team will be executing a roadmap grounded in end-user demand and TAM. What would you like to see prioritized? bitcoin:native

Feedback welcome below. 👇

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: Bitcoin ETFs were net positive last week for the first time in 9 weeks, with $197 million coming in. 👀

Bullish 🚀

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: 🇺🇸 President Trump says "The U.S. Senate should pass the Clarity Act." 🚀

[Dylan LeClair @DylanLeClair]

Please follow the newest official member of our group, Metaplanet Securities CEO, @kazukikomura .

[Jason Bassler @JasonBassler1]

They want you to believe your voice doesn't matter.

Yet in just the last few days:

-LAPD canceled its Flock contract.

-Meta cancelled Muse Image AI after privacy outrage.

-One of the largest planned U.S. data centers was killed (PW Digital Gateway) by local opposition.

The surveillance state isn't inevitable.

It advances when people are apathetic.
It retreats when people fight back.

Public pressure works. Keep pushing.

[Wu Blockchain @WuBlockchain]

Japan PM Sanae Takaichi Reaffirms Startup and Web3 Support at WebX 2026

Japanese Prime Minister Sanae Takaichi said in a video address at WebX 2026 that the government will strengthen startup support through measures including increased funding from government-backed funds and financial institutions and regulatory easing. She said the government’s initiatives and WebX could jointly support the development of Japan’s Web3 innovation ecosystem.

[Michael Saylor @saylor]

In Bitcoin, influence is earned through work, not ambition. Those who contribute money, utility, and power to the network shape its future.

[BitcoinTreasuries.NET @BTCtreasuries]

JUST IN: Singaporean publicly traded #Bitcoin mining company BitFuFu $FUFU has sold 184 BTC and now holds a total of 1,671 BTC.

🔻Bitcoin 100 Ranking: 35🔻

[Ed Juline @ejuline]

Remember when the entire conversation was:

"Which company bought more Bitcoin this week?"

Now it's:
- Who can keep raising capital?
- Who can defend their mNAV?
- Who can support their preferreds?
- Who can build actual financial products on top of Bitcoin?

The Bitcoin Treasury story has quietly shifted from stacking sats to engineering capital markets.

The companies that survive the next cycle probably won't be the ones that bought the most BTC.

They'll be the ones that figured out how to compound Bitcoin per share.

The game changed. Most people haven't noticed yet.