BitMEX Research

Filtering out the hype with evidence-based reports on the cryptocurrency space, with a focus on #Bitcoin -

[BitMEX Research @BitMEX_Jon]

Is everyone getting ready to put those $STRC bids in at around $50?

[Pavlenex @pavlenex]

Woohoo @DMND_Sv2 just hit the first @StratumV2 block created by miner @GoMining ⛏️⛏️⛏️

[Mr.Hodldamus @MrHodl]

Greg Maxwell dropped FCC comments blasting mandatory ID collection for phone service to fight spam. Same strong privacy principles, he's always pushed for Bitcoin and free speech.

Full thing here https://t.co/AfYedBkAJY

The original post link was broken.

[BitMEX Research @BitMEX_Jon]

Which of the two things below has the most stupid design:

[BitMEX Research @BitMEX_Jon]

@dathon_ohm @start9labs @TJMacD @PortlandHODL Did to me

Bitcoin is dead to me if BIP-110 is enforced

[BitMEX Research @BitMEX_Jon]

$50 seems reasonable

[Farside Investors @FarsideUK]

Example Assumptions 2

* Starting dividend yield: 11.5%
* SOFR floor: 3.6%
* Discount Rate: 9%
* Dividend Rate Decline per Month (bps): 25

Net Present Value (NPV): $49.887

[BitMEX Research @BitMEX_Jon]

@dathon_ohm @start9labs @TJMacD @PortlandHODL The overwhelming majority of nodes had upgraded to activate SegWit, juist with a more conservative activation mechanism than BIP-148

That is not the case with BIP-110

[Farside Investors @FarsideUK]

Example Assumptions 2

* Starting dividend yield: 11.5%
* SOFR floor: 3.6%
* Discount Rate: 9%
* Dividend Rate Decline per Month (bps): 25

Net Present Value (NPV): $49.887

[Farside Investors @FarsideUK]

Farside Investors has launched a very basic $STRC "Fair Value Calculator", where you can enter various assumptions and it calculates the net present value of future dividend payments

https://t.co/zm8q3uxD5G

[BitMEX Research @BitMEX_Jon]

@0x_Spartan @vinmuccioli An 11.5% yield, declining by 25bps a month, until it reaches 3.6%. Then discount those cash flows by c9%. That is good approximation for the fair value of $STRC

[BitMEX Research @BitMEX_Jon]

@0x_Spartan @vinmuccioli An 11.5% yield, declining by 25bps a month, until it reaches 3.6%. Then discount those cash flows by c9%. That is good approximation for the fair value of $STRC

[BitMEX Research @BitMEX_Jon]

Is everyone getting ready to put those $STRC bids in at around $50?

[BitMEX Research @BitMEX_Jon]

Now might be a good time to read our Nov 2025 article on $STRC

"the price of STRC should crash, perhaps by around 50%"

We warned you!

https://t.co/nonS6RO7Uo

[BitMEX Research @BitMEX_Jon]

@start9labs @TJMacD @PortlandHODL @dathon_ohm What portion are we taling about?

(Currently c0.3% of miners, assuming no false flagging, which I doubt)

And what portion do you think we need?

If a minority can and does tighten the rules, Bitcoin is no longer an interesting form of money. Might as well invest in the USD

[BitMEX Research @BitMEX_Jon]

The BIP-110 tank being prepared for battle

[Michael Ford @fanquake]

Thanks to all the work done by @fjahr and pinheadz, libevent is no-longer a dependency of Bitcoin Core,

This means a minimal bitcoind, now only has a single, header only, external dependency; which is Boost MultiIndex. Work is ongoing to replace this too.

[BitMEX Research @BitMEX_Jon]

@davidzmorris > never be able to sell preferreds again

Even ones with terms that make sense for investors?

[BitMEX Research @BitMEX_Jon]

Reminder: when/if $MSTR announces that it is abandoning the $STRC price stability mechanism (that isn't working anyway) it has quite a strong balance sheet

[BitMEX Research @BitMEX_Jon]

@MrJJB Yes it can

[BitMEX Research @BitMEX_Jon]

@PiusSprenger Could fly through the 70s

[BitMEX Research @BitMEX_Jon]

@ZynxBTC > Everyone is telling me it's going to zero but they are wrong

Who says that?

We certainly have not

We have consitently said it will end up in the $40 to $50 range

[BitMEX Research @BitMEX_Jon]

Which of the two things below has the most stupid design: