Entropy

Entro:py // #Bitcoin

[Entropy @EntropyHedge]

MTPLF holds ~16k btc and plans to own 210k in the next 2 years

If Bitcoin corrects 60% this cycle (volatility is flatting in both directions) to roughly 50k ??

Metaplanet might buy 10k more on the way down -> 26k BTC

mNAV compresses to ~1 -> 1.3B$ mcap

6.11B$ -> 1.3B$ = ~80% correction

Share price : 1.89$

Bitcoin bear market ends —> 200k$ and they accumulate 210k BTC @ 2 mNAV -> 84B$ mcap = 64x in $ terms and 8-16x in BTC terms

[Entropy @EntropyHedge]

Assuming all bitcoin treasury companies all have the same amount of liabilities in their perpetual preferred stocks relative to btc owned

Is the new fair yield on said preferreds only a function of the volatility of the preferred price?

Thats why SATA yield < STRC?? as payment frequency dampens volatility

@DylanLeClair @AdamBLiv

[Entropy @EntropyHedge]

Lebanon bombed again
FT headline „Oil glut 2027“
Trump „You never know when a deal is signed“

The three horsemen of the oil crisis?

[Entropy @EntropyHedge]

@sunnydecree What do you mean „depeg“? Do you even understand preferred stocks? This is not a stablecoin with par value being the „normal“ state of the stock

[Entropy @EntropyHedge]

Metaplanet just because a credit infrastructure play on top of a bitcoin play

[Dylan LeClair @DylanLeClair]

Puzzle pieces are starting to fall into place.

Gradually, then suddenly. $BTC

[Acyn @Acyn]

Reporter: Are you concerned, Mr. President, about the latest inflation number which came out this morning?

Trump: No, I love it. I love the inflation.

[Entropy @EntropyHedge]

@LukeGromen Tale as old as time

[Entropy @EntropyHedge]

@stacyherbert @huggingface Does El Salvador offer any chances for software engineers to find a footing in the country?

[Entropy @EntropyHedge]

Hyperscalers book AI revenue NOW but stretch GPU depreciation over 5–6 yrs. So earnings look fat while cash bleeds out the door.

When the buildout slows, it inverts: earnings crater (non-cash) as cash flow recovers and capital rotates OUT.

H100 rental rates fell ~92% in 18 months. Those 6-yr "useful lives" are fiction. Amazon already quietly cut its servers back to 5.

The market is rewarding the most exposed names hardest (NVDA, ORCL, CRWV) while MSFT & META, the canaries, are already red YTD.

[Entropy @EntropyHedge]

The market hasn't priced this yet:

$STRC yields 11.5% and trades like a brick with its worst drawdown in 10 months is just -7.2%

That low volatility means it safely supports ~3.3x leverage before any liquidation risk.

Do the math: 3.3x × 11.5% yield, minus cheap borrow, lands you near a ~30% carry on a near-par, Bitcoin-backed instrument.

A high-yield BTC bond that barely moves. Institutions are still asleep on this one.

[Entropy @EntropyHedge]

And btw saying stuff like „He should have stopped while he had a good entry“

Guys its a BTC yield company with BTC shareholders

It is not about the BTC PNL but about the yield of btc per share

The moment he stops buying is the moment capital stops flowing

[Entropy @EntropyHedge]

bitcoin is following a typical bitcoin drawdown and as it is tradition the typical talking heads are now tagging Saylor in every post with nominal drawdown numbers

It doesn’t get more stupid than that. Nothing to panic about

Same for my favorite stock: Metaplanet

[Entropy @EntropyHedge]

bitcoin is following a typical bitcoin drawdown and as it is tradition the typical talking heads are now tagging Saylor in every post with nominal drawdown numbers

It doesn’t get more stupid than that. Nothing to panic about

Same for my favorite stock: Metaplanet

[Entropy @EntropyHedge]

@RunnerXBT What makes this different to 2022?

[Entropy @EntropyHedge]

We are seeing the inversion of the source of truth

The world hegemon is losing the propaganda war

This is just another wave of decentralization in the information age

[Entropy @EntropyHedge]

@calvinfroedge What are the odds the US actually ever wants to get a spanking again by escalating

[Entropy @EntropyHedge]

@calvinfroedge Opinion on El Salvador?

[Entropy @EntropyHedge]

K Shape economy

Shares go up 10% on every AI mention

Social acceptance goes down 10%

[BladeoftheSun @BladeoftheS]

Google CEO tries to tell University students to love AI.

They tell him to BOO off.

This is what most people think of the hated AI, we don't want it.

[Entropy @EntropyHedge]

Type something into the google search engine really fast and delete some letters

Google logo will wobble. Guess who wrote the styling?

[First Squawk @FirstSquawk]

GOOGLE: 75% OF ALL NEW CODE AT GOOGLE IS NOW AI-GENERATED

[Entropy @EntropyHedge]

The way to top 10% nowadays is a week of obsession

Unbelievably big left tail in skill levels in the population

[kache @yacineMTB]

All technical things are a lot easier than you think they are

[Entropy @EntropyHedge]

I mean…

[Entropy @EntropyHedge]

GPT Image 2.0 is insanely good

Currently getting into editing and my god does it make it easy to get ideas plus assets

Game: What is this board about? 👇🏻