Matt C0le

Chairman & CEO
@Strive

Christ, Liberty, Bitcoin
$ASST $SATA
@hurdleratepod

[Matt Cole @ColeMacro]

STRIVE BALANCE SHEET UPDATE
• Bitcoin: ₿19,864
• Cash: $141.7M
• STRC: $37.7M

No $BTC purchases this week.
Strive’s balance sheet is built to move aggressively or wait patiently with deep reserves, no debt, no margin & no encumbered Bitcoin.
$ASST $SATA

[Matt Cole @ColeMacro]

As a long-time Bitcoiner, I believe the debt crisis won’t improve, debasement will continue, and we’re moving toward a Bitcoin future.

During this transition, I see Digital Credit as the most important asset.

I held nothing back with Pomp on how big I think this gets.

[Matt Cole @ColeMacro]

Just when I thought I couldn't possibly become more bullish on Bitcoin.

[Adam Livingston @AdamBLiv]

🔥BITCOIN HAS WON AND BITCOINERS HATE IT - WE NEED TO TALK🔥

Bitcoiners spent 15+ years begging the world to adopt Bitcoin.

Then Michael Saylor showed up with a public company, a balance sheet, a securities lawyer, and the spiritual intensity of a vampire professor explaining thermodynamics to a dying empire.

Now everyone is FURIOUS.

Apparently Bitcoin was supposed to destroy fiat, but only through vibes, podcasts, and a tasteful cabin where a Marxist hippie named River teaches self-custody next to a cast iron stove before explaining why public companies buying Bitcoin is “problematic.”

Sorry. The speculative attack came wearing a suit.

The revolution has an investor relations department.

And the people who said Bitcoin was permissionless are now upset that nobody asked their permission.

Bitcoin won. Bitcoiners are mad.

BEAUTIFUL:

[Farmhouse, Inc. $FMHS @farmhouse_inc]

Farmhouse has added 200 Shares of $SATA on this dip for our Digital Savings 🏧

$FMHS

[Conner Brown @BitcoinConner]

NEW: Sen. Sullivan and Sen. Lummis lead letter to the Fed, FDIC and OCC, calling for revaluation of Basel’s risk weighting for Bitcoin and digital assets.

“A 1,250% risk weight bypasses those calibrated frameworks entirely, applying a blunt penalty …to a transparent, globally traded asset with deep derivatives markets, continuous liquidity, and cryptographic auditability.”

This is a strong signal from Washington that legislators are looking closely at this issue as work on market structure continues. The letter has 6 signatories and 3 are on the Banking Committee.

It’s also great to see BPI’s brief on this topic cited in the third footnote! 😉

We’ll keep you posted on further updates.

[Matt Cole @ColeMacro]

Bitcoin is at a historically optimal level to go out the risk curve to the maximal degree.

Strive ($ASST) has 62% amplification, an 18-month dividend reserve on $SATA, and zero encumbered $BTC.

We could literally do nothing & not have to sell a single Bitcoin until the end of 2027.

Have a great day and be greedy when others are fearful.

[Jeff Park @dgt10011]

I don’t think Bitcoin is selling off because of MSTR

I think it’s being tapped to fund the market’s upcoming hot ball of money trades: SpaceX, Anthropic, whatever else everyone suddenly “has to own”

This means in the future, the correlation breakdown will itself become the fuel

[Matt Cole @ColeMacro]

I’m bullish.

[Natalie Brunell ⚡️ @natbrunell]

I met Ben Hunnewell at Strategy's conference and couldn't stop talking to him.

He once thought $STRC was "too good to be true." Now he calls it pivotal and made Prevalon Energy the first company to hold it.

We get into STRC, Strategy, Strive, $SATA and what Bitcoin critics get wrong. Plus, he teaches me about his expertise: battery energy storage systems, AI data center power consumption and more.

TIMESTAMPS:
00:00 Who is Ben Hunnewell of Prevalon Energy?
1:37 Turning a Bitcoin Skeptic Into a Believer 4:01
Why Own STRC?
10:41 Tracking Strive $ASST & SATA’s Revolutionary Daily Dividend Move
12:28 Why Are Daily Dividends a Big Deal?
13:33 Strategy STRC Dividends
18:13 Navigating Market Stress Events
19:49 Why People Love or Hate Strategy
23:11 Upgrading Corporate Credit Ratings
26:40 Battery Energy Storage Systems
30:44 Facts vs. Propaganda
35:35 Bitcoin Mining Using Waste Heat Energy
36:57 Smart vs. Unintelligent Green Transitions
40:11 Peak Shaving & Power Grid Arbitrage Operations
44:04 Best Way to Power the Future
47:55 AI Capex Growth: Is This a .com Bubble Replay?
51:54 China's Rare Earth Processing Monopoly
56:54 Hard Realities Facing Average Americans

[Matt Cole @ColeMacro]

Deep dive this week on risk and how high the data suggests Strive could take amplification given our balance sheet.

The data can almost "feel" uncomfortable, but it's critical to understand and make business decisions based on data, not feelings.

Enjoy!

[Matt Cole @ColeMacro]

Did you know Strive's current balance sheet could withstand a repeat of the 2022 bear market without needing to sell a single Bitcoin?

That would equate to a ~$40k $BTC bottom & not sustaining above the 200 WMA until Oct 2027.

BTC isn't dead...be greedy when others are fearful.

[Strive @Strive]

Time for lift off @SpaceX

[Michael Saylor @saylor]

@ColeMacro @Strive for Bitcoin

[Matt Cole @ColeMacro]

“I think you guys are going to be incredibly successful.” 🎵 🎵 🎵

[Matt Cole @ColeMacro]

Strive acquired an additional 2,500 $BTC for ~$185.2M at an average cost of ~$74,092 per bitcoin.

STRIVE SNAPSHOT
Bitcoin holdings: 19,000
QTD BTC Yield: 23.0%
YTD BTC Yield: 36.7%
Amplification ratio: 57.0%

Cash was increased to maintain 18-month dividend reserve.

$ASST $SATA

[Matt Cole @ColeMacro]

See 8-k filing for additional information: https://t.co/Es1vQ4Q4za

[Matt Cole @ColeMacro]

My recent conversation with @CedYoungelman.

We went deep into the theory of why daily dividends are a zero one innovation that are uniquely needed at this exact current moment in time and much more. Enjoy!

[Cedric Youngelman ⚡️ @CedYoungelman]

MUST WATCH🚨

"A daily dividend has never been paid in capital markets history. But the money's never been this broken before."

@ColeMacro on the first stock engineered to pay every business day — and the $300T market @Strive is coming for.

@_BitcoinMatrix #277 is out now.

[Matt Cole @ColeMacro]

Strategy sells 0.00% of their Bitcoin and we get blessed with an all-timer @jimcramer tweet.

Chess not checkers.