I’m growing ever more convinced that Bitcoin serves as a profound test of fitness. The principle of Proof-of-Work is not merely computational—it is embedded within Bitcoin’s ethos and ecosystem. Beyond raw computing power, it demands an investor’s true mettle: relentless mental calm, unyielding physical endurance, and unwavering emotional fortitude.
In a world chasing quick trades, the real alpha is not resetting the clock.
The hardest part of owning Bitcoin treasury stocks isn’t leverage or volatility—it’s patience.
Hold more than a year for long-term capital gains. Sell early and you reset the clock, starting over from zero. OG Bitcoiners call this Coin Days Destroyed. The whole goal is to HODL.
@SenRandPaul This is asinine. While, legally, title rests with the U.S. Department of the Treasury, the gold is being held exclusively on behalf of the American people. The fact that Americans can’t guarantee their government hasn’t stolen some or all of it from them is absolutely retarded.
@zerohedge Nah. Markets have absorbed prior carry-trade stress episodes without systemic collapse. The mechanism is real but the magnitude and inevitability of catastrophe are simply not there.
Today we completed the largest M&A transaction in the history of European public Bitcoin Equity.
It is also the first in the world done Bitcoin for Bitcoin.
H100 acquired 2,455 BTC at around 62,900 dollars per bitcoin, taking our holdings from 1,051 to 3,506 Bitcoin.
No cash changed hands. The company we acquired carries no debt, and we took on none to buy it.
The deal was priced at 1.0x mNAV, Bitcoin valued in Bitcoin on both sides of the table. That counts each H100 share at SEK 1.86, its bitcoin value.
Sats per fully diluted share went from 288 to 303, up 5%.
Just as important is who joins us. A team whose technology and market capabilities complete our own, and a principal owner who has spent more than a decade building Bitcoin infrastructure and holding Bitcoin.
Together we can accomplish things neither of us could alone.