CJR αlpha

Portfolio Manager

[CJR αlpha @cjralpha]

@MoodyWriter13 I agree with this, shitty company but apes are aping

[CJR αlpha @cjralpha]

@ObedientBread 100m but being acquired by IONQ (unfortunately)

[CJR αlpha @cjralpha]

Yeah I know, that really sucks. One of the few good plays

[chuck @Rioilgrande]

@cjralpha @ObedientBread It s being acquired by IONQ. 35$ per share, 15$ cash 25$ converted in ionq stock. Should not move more than 35 actually

[CJR αlpha @cjralpha]

cooked 🍖

[CJR αlpha @cjralpha]

@TheBenSchmark @Citrini7 SK Telecom has double the stake of $ZM and trades at 5x less mcap

[CJR αlpha @cjralpha]

@Venu_7_ Clear buy, Figure Connect growth is quite impressive, they'll 100% move into other segments ps just look at their twitter bio

[CJR αlpha @cjralpha]

Liquidate Saylor and up only?

[Shanaka Anslem Perera ⚡ @shanaka86]

THE IMPOSSIBLE JUST HAPPENED

The world’s largest corporate Bitcoin holder is now worth less than its Bitcoin.

Stop and read that again.

Strategy holds 650,000 Bitcoin. Worth $55.9 billion today.

Its market cap: $45.7 billion.

Wall Street is valuing the company at negative $10.2 billion.

This is not a drill. This is the first sustained NAV inversion since the model began. The machine that accumulated 3.1% of all Bitcoin that will ever exist is now priced as if the Bitcoin itself is worthless.

Here is what they are hiding from you.

The company just created a $1.44 billion emergency cash reserve to pay dividends. For the first time in five years, the CEO admitted Bitcoin sales are possible as a “last resort.”

The stock has collapsed 57% since October 6. The premium that funded every purchase has evaporated. The reflexive flywheel that turned $250 million into a $56 billion treasury has reversed into a vortex.

In 44 days, MSCI will decide whether to expel Strategy from global stock indices. JPMorgan estimates $8.8 billion in forced selling if exclusion proceeds.

The math is merciless. $8.2 billion in debt. $7.8 billion in preferred stock. $16 billion in total obligations against a $45.7 billion shell.

At $74,436 average cost, the company sits 15% above break even. One sustained drop erases every gain since 2020.

This is not about one company. This is about whether corporations can hold sound money without being destroyed by the very system they sought to escape.

The largest experiment in corporate Bitcoin adoption is breaking in real time.

January 15, 2026.

Mark the date.

The reckoning has begun.

[CJR αlpha @cjralpha]

Buying until infinity $MSTR

[CJR αlpha @cjralpha]

You missed $BTC at $15 and now you'll miss $BQT at $15, that's the tweet. I'll come back to this in 5 years from now.

[CJR αlpha @cjralpha]

10/ Bottom line: 🧩
Markets are spinning too many plates, trade wars, politics, currency ops, commodities, crypto, and credit stress. This week’s US earnings season + IMF meetings could reset sentiment.
Stay nimble. Volatility is opportunity⚡️

[CJR αlpha @cjralpha]

#ChasingAlpha - 13/10/2025
#Markets woke up to chaos🌍
US–China tensions are back, Japan’s coalition collapsed, France has déjà vu politics, and even silver is in a short squeeze. Oh, and $BTC just dropped $10,000. Buckle up👇

[CJR αlpha @cjralpha]

9/ Add crypto to the mix: $BTC plunged $10K on Friday before stabilizing.
Fear of tighter liquidity + risk-off mood hit the entire crypto complex. Volatility’s back, $VIX at 21.7, highest since June