NIK

#bitcoin⚡️Researcher of different topics related to bitcoin. Likes to brainstorm about the future #nostr: npub1w6rtkskec4tvhudzr8qarl9cesytjel9td5ukz2qe7uwvlj5m

[Wall Street Mav @WallStreetMav]

This is much better than trannies at the White House during the Biden era.

[Paulo @pauloap]

O Trump simplesmente resolveu que seria uma boa ideia fazer um UFC no quintal da Casa Branca

E realmente foi uma ótima ideia hahahahahah tá rolando agora, comemorando os 250 anos dos EUA

Olha que épica a entrada dele com o Dana White

FARMOU AURA DEMAIS

[Elon Musk @elonmusk]

@Sajwani @SenWarren Not impossible, but definitely requires factories on the Moon and Mars to achieve.

By then, I don’t think dollars will be used as currency. Just mass and energy.

[Jeff Walton @PunterJeff]

“Should”… uh huh…

Equities of Balance sheet Insurance companies trade at a composite price to book value of 1.4x

They’re 200%+ leveraged on surplus, a multiples more leveraged on capacity deployed over surplus.

The underwriting engines on average lose money (underwriting loss).

Most returns are a function of float (investment gain)

In the last decade the average investment gain of the sector is a paltry 6.5%.

The market is paying a 40% premium for an entire sector that has made 6.5% on average for the last decade, and runs at a 200% leverage ratio.

The market doesn’t care about “should” with anything. The composite Price to book value for the S&P 500 is 5.9%

A capital vehicle with operations is not the same as a fund with zero operations. This is a February 2024 take.

[Jeff Walton @PunterJeff]

In the last 5 weeks, the US Bitcoin ETF's on NET sold 79,284 Bitcoin.

@Strategy sold 32 Bitcoin, and accumulated 26,387 in the same horizon.

@Strategy was a net buyer of 26,355 Bitcoin, accumulating 33% of the net outflows from the Bitcoin ETF's.

[Michael Saylor @saylor]

Still adding dots.

[Mark Harvey @thepowerfulHRV]

Bitcoin's 4-year CAGR is back above 30%.

Growth is reaccelerating.

[The Dad Presents @Dad_Presents]

If Elon Musk becoming a trillionaire makes you angry, wait until you hear about the organization that collected over $100 trillion from Americans, borrowed another $40 trillion, can’t pass an audit, and still acts like it’s broke.

One guy built rockets.

The other guys built debt.

Guess which one everyone is mad at.

[Matt Cole @ColeMacro]

No single metric tells a full financial picture. The key is understanding the differences and how to use them.

Strive’s two annual KPIs are:
1. Increase Bitcoin per common share before senior claims.
2. Pay all obligations on time, such as interest from $SATA.

We believe if we achieve those two KPIs annually the company will outperform Bitcoin over the long run, which is our long term and most important KPI.

The KPIs, when combined, require viewing the world both from the growth and risk perspective, but the core thesis behind this strategy requires believing in the debasement trade and Bitcoin. I believe focusing on the growth story while modeling the risks is better than focusing on the risks then modeling the growth story. You can achieve a complete view whether you start with standard BPS or CEBE BPS.

Like in any market, intelligent investors will disagree in what makes the best framework, which is why it’s important for the industry to provide raw data for investors to do their own analysis with their preferred way to view the data.

Lastly and importantly, if you finish the math, both analysis paths work and show how the strategy of amplification from Digital Credit can systematically outperform Bitcoin over time.

[Michael Saylor @saylor]

The shorter the liability duration, the more CEBE matters. The longer the duration, the more BPS matters. If claims came due today, CEBE BPS would be the more relevant metric. If BTC outpaces dividend obligations, BPS better captures common equity upside.

[Michael Saylor @saylor]

BPS measures Bitcoin per common share before senior claims. CEBE BPS measures Bitcoin per common share after senior claims. CEBE is the conservative risk metric. BPS is the common equity growth metric. BTC Yield measures BPS execution.

[Zynx @ZynxBTC]

Instead of waiting around for regulatory approval to list their preferred equity on the Tokyo Stock Exchange, Metaplanet acquired their own Japanese brokerage.

They now have direct distribution for Bitcoin-backed fixed income products without needing anyone's permission.

[Dylan LeClair @DylanLeClair]

@grahamformaine There will be many, many, many more trillionaires where we are headed.

[Dylan LeClair @DylanLeClair]

June 11: Japan’s lower house passes bill moving crypto from payments law to financial-product rules, effective within a year.

June 12: Metaplanet acquires 100% of Siiibo Securities, adding a regulated Type I securities platform to build and distribute BTC-linked yield products.

[Root 🥕 @therationalroot]

Low Consolidation phase reached, historically one of the best entry zones. #Bitcoin

[Jeff Park @dgt10011]

As we celebrate SpaceX IPO today, it's worth remembering that SpaceX has ~20k BTC on its balance sheet with the lowest average cost basis of $35k, representing one of the most visionary corporate treasuries in America

Two moonshots, one balance sheet

[The Kobeissi Letter @KobeissiLetter]

BREAKING: SpaceX, $SPCX, is now the 7th most valuable public company in the world, worth $2.19 trillion.

[Dylan LeClair @DylanLeClair]

Introducing: Metaplanet Securities

[Dylan LeClair @DylanLeClair]

Puzzle pieces are starting to fall into place.

Gradually, then suddenly. $BTC

[bitcoin @getonbitcoin]

Distribution. For anyone scratching their head on this, study the history of Uridashi bonds in Japan.

Metaplanet is building an Uridashi-like distribution channel for bitcoin yield products.

This also provides Metaplanet with a Type 1 securities license - highest level available.

Nomura of Bitcoin.

Very Bullish.