airrider

BTC | MSTR enthusiast, shirt producer.

[airrider @BKTalbot]

$MSTR | $STRD - $4.2B $STRD ATM Equity Offering Program has launched.

[Adrian Morris @_Adrian]

$MSTR | $STRD - $4.2B $STRD ATM Equity Offering Program has launched.

[Bitcoin Teddy @Bitcoin_Teddy]

A Heidelberg University study restricted phone use for just 72 hours.

Brain scans before. Brain scans after.

The researchers were stunned by what they found.

Here's what 3 days without your phone actually does to your brain:

[Wealth Squad Ace @NoTimeZone_]

Bitcoin doesn’t radicalize you. It just removes the filter.

You start out curious. You read a little. You buy a little. You think you’re learning about an asset.

Then one day something shifts. You see the printing. You see the bailouts. You see the same people who lectured you about responsibility quietly debasing the money you worked your whole life to earn.

And you can’t unsee it.

The news starts sounding different. The experts sound like salesmen. The retirement advice sounds like a trap. The long weeks your parents ground through start looking less like discipline and more like a tax nobody told them about.

Nothing changed. You just stopped flinching from what was already there.

That’s the part nobody warns you about. Bitcoin doesn’t argue with the system. It just sits there. Fixed. Honest. Patient. And lets everything else explain itself.

Once you see it, you don’t go back. You move differently. Slower. Quieter. Less patience for noise. More respect for time.

Most people will spend their whole lives defending a game that was rigged before they were born. A few will quietly step outside of it. The difference isn’t intelligence. It’s whether you keep looking after the first thing stops making sense.

[Tuki @TukiFromKL]

🚨 holy shit.. a woman just pleaded guilty to running a voter fraud scheme on Skid Row for 20 years and nobody caught her until a guy with a hidden camera showed up

Brenda Lee Brown Armstrong.. caught on tape 28 times paying homeless people with cash and cigarettes to register to vote.. she let them use her own address so the mail-in ballots went straight to her house

she admitted on camera it was a "pyramid scheme".. said she wasn't the only one.. prosecutors confirmed she'd been doing it for two decades in the middle of Los Angeles

in 2020 you got banned from the internet for saying voter fraud exists.. in 2026 a woman is pleading guilty in federal court to doing it since 2000

the biggest city in America couldn't find a woman committing voter fraud for 20 years but a guy with a hidden camera found her in an afternoon

[Adam Livingston @AdamBLiv]

STRC @ $438.2 million in trading volume today.

The ramp up into the ex. div date is here and the next three trading days I believe will be all over $500 million.

If they captured ~80% of the volume over $100 with the ATM they probably purchased around ~2,500 Bitcoin will STRC issuance today.

I am predicting that we will see another 30,000+ Bitcoin purchased this week.

STRC MADNESS!

[Crypto Patel @CryptoPatel]

JUST IN: BlackRock clients BOUGHT $284.39 million in BTC And $49.09 million in ETH on May 01 (Friday)

Bitcoin: +3,626.74 BTC (+$284.39M) @ ≈ $78,400 per BTC
Ethereum: +21,295.0922 ETH (+$49.09M) @ ≈ $2,305 per ETH

BlackRock's $IBIT Total Holding: 813,953.5037 BTC ($65B)
BlackRock's $ETHA + $ETHB Total Holding: 34,22,168.8284 ETH ($8.10B)
BlackRock $ETH Staked: 208,779.3542 ETH ($495M)

[MrParaBULLic @iLiquidatebots]

$btc M

Zooming in on that corrective sequence even the monthly is reinforcing what we already knew.

Still don’t know about the top though.

It’s either $300k or near $700k

[Adam Livingston @AdamBLiv]

My goals for 2026:

1. More Bitcoin to cold storage
2. More MSTR
3. More Metaplanet
4. More ASST

It is April 2026 and Bitcoin is $76k.

This opportunity is not going to last.

HIGHER.

[Rand Group @randgroup]

⚡️ BTC: Imagine being a full grown adult and thinking we are heading to $40,000... not gonna make it.

[Adam Livingston @AdamBLiv]

Metaplanet Stock Price Projections

After loading up on more MSTR + ASST shares this year I am back to loading up on Metaplanet.

The reason I think Metaplanet is underpriced here is simple:

The market is still valuing it like a discounted Bitcoin wrapper when it could become a very serious Bitcoin accumulation machine.

Here’s the setup:

0.87x market cap to BTC NAV
0.99x EV mNAV
40,177 BTC already on the balance sheet
preferred and senior financing still not fully understood by the market
BTC Yield still early
huge upside if Bitcoin simply moves back toward trend
even more upside if the balance sheet machine actually works

That is the opening.

I want to buy BEFORE there is consensus on the prefs.

Now:

I ran a CEBE-based scenario map using Metaplanet’s current balance sheet, then layered in:

a conservative case where BTC Yield is simply annualized from their YTD number

a more aggressive case where they linearly grow the stack to their BTC goals by end of 2026 and 2027

zero common dilution in the modeling so we can isolate the balance sheet torque

Here’s what falls out:

Current Metaplanet price: $2.13

EOY 2026, BTC at $200k, no added BTC:
$6.00 to $12.01

EOY 2026, BTC at $200k, annualized BTC Yield:
$6.13 to $12.25

EOY 2026, BTC at $200k, 100k BTC goal:
$8.88 to $17.76

EOY 2027, BTC at $275k, no added BTC:
$8.37 to $16.74

EOY 2027, BTC at $275k, annualized BTC Yield continues:

$8.76 to $17.51

EOY 2027, BTC at $275k, 210k BTC goal:
$18.01 to $36.01

To be clear:

I do not know they hit the 100k and 210k BTC goals.

Those goal cases assume linear growth of the BTC stack and zero common dilution for modeling purposes.

But that is the point.

Even if you ignore the moonshot cases and just look at the conservative balance sheet math, Metaplanet still looks very underpriced if Bitcoin reverts back toward the power law trendline.

Even if I don't get these returns in 1-2 years... if I can get them in 3-4... I will be MORE than a HAPPY CAMPER.

Why this works:

CEBE strips away the fairy dust and asks one question:

How much Bitcoin is actually left for common shareholders after senior claims are accounted for?

That matters because as BTC rises:

the company’s BTC stack gets repriced upward

debt and preferred claims stay fixed in dollars

those fixed fiat claims shrink in BTC terms

common equity captures more of the upside

That is the whole game.

With Metaplanet, the market is staring at:

a huge BTC treasury
sub-1x EV mNAV
market cap below BTC NAV
an early-stage financing engine

and a balance sheet that could become much more powerful if the market accepts the prefs

The beauty here is that the upside does not require some insane meme-stock premium.

It just requires:

Bitcoin moving back toward the power law
management continuing to accumulate BTC intelligently
senior financing remaining viable
common dilution staying restrained

If BTC hits $200k in 2026, Metaplanet already starts looking dramatically mispriced.

If BTC hits $275k in 2027, the stock starts looking like a compressed spring.

If they actually scale toward 100k BTC by end of 2026 and 210k BTC by end of 2027, the stock price path gets absolutely stupid.

If the machine works, common equity holders are sitting on a very nasty asymmetry.

I think Bitcoin will be at $1,000,000 in less than ten years, so if I can get these gains in 3-4 years...

...now is the time to STRIKE.

[Adam Livingston @AdamBLiv]

Strategy owns 815,061 Bitcoin.

Without adding a single Bitcoin, Strategy needs a $224,000 Bitcoin price to become a top 100 company in the world by market cap.

If Strategy gets to 1.2 million Bitcoin by the end of the year, and are at a 1.5x mNAV...

....they only need a Bitcoin price of $101,000 to be in the world's top 100 companies.

They already bought ~53,000 Bitcoin this month... not even including this week's buys yet.

If they get to 1.5 million Bitcoin by EOY 2027...

...they only need $183,000 Bitcoin to be bigger than both GOLDMAN SACHS and the BANK OF CHINA.

Yeah.

Things are about to get REAL.

BUCKLE UP, KIDS.

$MSTR

[Dan Hillery @hillery_dan]

Buck was shut down, but

$STRC is the king of Stable Coins.

0:00-17:45: Skip for Bitcoin only commentary

People will lever STRC on-chain 10:1 using @Morpho & @aave (That's Bitcoin demand).

17:45-32:54:

@JoshMandell6 and I are selling calls below Bitcoin's power law floor.

@sminston_with's Power Law cost of production.

Bitcoin and MSTR's Implied Volatility Charts.

I'm levering spot, not buying long calls.

[Adam Livingston @AdamBLiv]

The Strategy endgame is so far outside normal corporate finance that people still try to analyze it with the mental software they used for buybacks and treasury ladders.

If Strategy reaches 3,000,000 BTC by 2030, and Bitcoin is $500,000, that is a $1.5 trillion NAV.

That is bigger than Berkshire’s cash and T-bills.

Bigger than Apple’s cash + marketable securities.

Bigger than Alphabet’s.
Bigger than Amazon’s.
Bigger than Microsoft’s.

In fact, it would be larger than those five combined.

Berkshire: ~$373B
Apple: ~$145B
Alphabet: ~$127B
Amazon: ~$123B
Microsoft: ~$95B

Combined: ~$863B

So the endgame is not “Strategy becomes a company with a lot of Bitcoin.”

The endgame is that Strategy becomes a capital singularity, a publicly traded black hole of pristine collateral sitting on a sovereign-scale reserve asset.

People still think Saylor is buying Bitcoin.

He is buying a future where one corporate balance sheet holds more hard capital than the old regime’s most liquid giants combined.

This is all within a few years.

STRC is the singularity.

BUCKLE UP, KIDS.

[Matt Van Swol @mattvanswol]

I hate to say it…

But I’m struggling to be generous after all the fraud we’ve seen.

There’s so few charities I trust now.

I do a deep dive on a homeless charity… oh look, my tax dollars are funding that and it’s run by a Trump-hating Leftist.

A Christian charity? Oh look, they’re helping illegal aliens.

An education nonprofit?

Oh look, it’s getting money from Left-wing political groups to send in Democrat activists to give lectures on LGBTQ oppression.

Even my TAX DOLLARS I know are being used to fund some BS non-profit that probably has me on a list somewhere as an extremist and is actively trying to cancel me.

It’s hard to be generous when I’m already being generously stolen from in taxes and when even the nonprofits aren’t actually solving the problems they reportedly exist to solve.

[Rand Group @randgroup]

Bitcoin is at its cheapest vs Gold since 2015. At its cheapest vs Global Liquidity since 2019. And sitting on its Cost of Production.

The last time all three aligned like this we had a MASSIVE bull reversal.

[Documenting ₿itcoin 📄 @DocumentingBTC]

₿REAKING: Jack Dorsey’s technology company @Blocks announced today a new ‘bitcoin faucet’ website https://t.co/sMRqQFut9G that goes live on April 6. The original in 2010, gave away five bitcoins to every site visitor promoting education, that would be $350,000 today.

[airrider @BKTalbot]

@Z06Z07 @BitcoinForCorps @Strategy @Strive @grok was raised in a hut in Puerto Rico and barley passed the 7the grade. Can you explain this to me?

[Bitcoin For Corporations @BitcoinForCorps]

🚨 LIVE NOW🚨
Daily #Bitcoin accumulation from @Strategy’s ($MSTR) STRC ATM program
Watch it here:
https://t.co/uQKxXDXNkq

[Halston @halstonvalencia]

How do taxes with $STRC actually work? Explanation 👇

[Ragnar @RoaringRagnar]

Selling $90 $STRC puts is basically free money.

Use a portion of your margin buying power and collect ~$100 per contract if you sell June or ~$200 per contract if you sell the Sep contracts.

The 6 month low was $90.52, so very low risk.