₿rennan ⚡️

Christ is King - Family is Life - Bitcoin is Hope

[₿rennan ⚡️ @bkstackssats]

@MitchellAskew @Breedlove22 Facts

[Flying Raven ⚡️🇺🇸 @OffshoreHODL]

People are missing how much optionality Michael @Saylor actually has.

At today’s depressed prices, $MSTR could theoretically sell enough Bitcoin to retire all of the preferreds and all of the converts.

That would mean retiring roughly $14.5B of preferred obligations and ~$6.7B of converts.

Even after doing that, Strategy would still own roughly 550,000 BTC - with no preferred dividend burden, no converts, and a massively simplified capital structure.

Think about that.

The market is acting like $MSTR is trapped by its liabilities.

But the Bitcoin treasury is so large that Saylor could de-lever the entire structure and still be one of the largest Bitcoin holders on earth.

That does not mean he should do it- just means he has options.

The market is thinking linearly.

Saylor is playing with a much bigger balance sheet.

[₿rennan ⚡️ @bkstackssats]

@MitchellAskew Everyone wants free money till you gotta manage margin calls

[₿rennan ⚡️ @bkstackssats]

@MitchellAskew The amount of boomer clients I have that typically hate using technology that have gone out of their way to set up Robinhood accounts is wild. Peak euphoria. Should end well.

[Jeff Swanson @theswansjr]

"Bitcoin isn't backed by anything."
Let me stop you right there.

Bitcoin is backed by energy. Real energy. Kilowatts. Heat. Physics.
The kind of backing you can't print, fake, or vote into existence at an emergency Fed meeting.

Every block mined is a thermodynamic proof of work. Not a promise. Not a policy. Proof.

The issuance schedule has never been amended by a committee. Not once. Not ever. Because there is no committee.
There's just math. Cold, indifferent, and immune to political theater.

The network is secured by more raw computing power than anything humanity has ever built. Hundreds of exahashes per second standing guard. Every single day.

Now let's talk about what is backed by nothing.
The dollar.

It's is backed by confidence. Specifically, confidence in the institution that printed $6 trillion in two years while telling you 3% inflation was healthy and you should be grateful for the soft landing.

In the same people who can't pass an audit.
Who fund wars with a credit card.
Who promise solvency while sitting on $39 trillion in debt and accelerating.

"Backed by nothing" isn't an attack on Bitcoin.
It's a confession about the dollar.

Follow if you're serious about building wealth they can't print away.

[₿rennan ⚡️ @bkstackssats]

@PunterJeff @blknoiz06 But it was pitched as a money market alternative.

[₿rennan ⚡️ @bkstackssats]

Feel like a lot of the STRC selling is due to individuals freeing up liquidity to buy the dip on MSTR or BTC.
Additionally could be forced selling to cover margin calls.
Will be interesting to see how long it takes to regain par and if @saylor will be forced to raise the divvy again to get it there.

[₿rennan ⚡️ @bkstackssats]

@MitchellAskew And still we buy

[₿rennan ⚡️ @bkstackssats]

@argosaki A guy invented a water powered engine over a decade ago and we’re still using gas cars, and that guy is dead. They’ll never let these inventions see the light of day unless they want it to.

[₿rennan ⚡️ @bkstackssats]

@bryan_johnson Mots-c

[₿rennan ⚡️ @bkstackssats]

@luke_veil @glennhodl Dude has a profile pic of Homer but talks like a child. Chill bro it’s just a stock, you’re not gonna buy it we hear you, hfsp.

[₿rennan ⚡️ @bkstackssats]

@glennhodl @luke_veil Dude has a profile pic of a stoic but talks like a child. Chill bro it’s just a stock, you’re not gonna buy it we hear you, hfsp.

[₿rennan ⚡️ @bkstackssats]

@LarkDavis Anyone else catch the Freudian slip?

[₿rennan ⚡️ @bkstackssats]

@jackmallers @BTCtreasuries Why’s it so hard to understand what Jack is saying? Saylor has no dividend commitment on the common he does on the prefs. That’s it.

[₿rennan ⚡️ @bkstackssats]

@BitPaine This one goes hard

[₿rennan ⚡️ @bkstackssats]

@S3XY_CARS @MitchellAskew @Strategy Don’t get so mad bro it’s called marketing.

[₿rennan ⚡️ @bkstackssats]

@BTCBreadMan Focus on Christ, don’t get caught up in the religion. Then you confidently proclaim yourself a Christian with a deeper understanding, meet her in the middle so to speak.

[₿rennan ⚡️ @bkstackssats]

@isabellasg3 Make more money

[₿rennan ⚡️ @bkstackssats]

@JoshMandell6 Needed this.