Halston

Bitcoin + Strategy @BitGo | Thurs. Co-host dailystackhq | Jesus saves 🇺🇸🇧🇷

[Halston @halstinvalencia]

Nike don’t pay me to tell you Just Do It, they pay me to show you I do it again.

[Halston @halstonvalencia]

things to avoid in your 20’s (bitcoiner edition):

- buying a house
- wasting hundreds of dollars at bars
- taking on leverage you don’t understand
- buying altcoins
- skipping the seed phrase backup
- day trading your long term stack
- multisig you set up once and never tested
- selling the bottom because some guy on discord told you to
- not doing hard things.

[Halston @halstonvalencia]

Metaplanet is taking a controlling stake in Nasdaq listed Super League Enterprise, contributing 2,100 BTC and $2.5M cash. On closing, SLE is going to be renamed Superplanet, Metaplanet’s US btc treasury vehicle.

Mind you, they’re still the third largest treasury.

Very bullish on @Metaplanet.

[Halston @halstonvalencia]

I’m very excited to be speaking and representing @BitGo at the Bitcoin for Financial Services Summit!

Grateful for the invite and looking forward to connecting with everyone there 🧡

[Halston @halstonvalencia]

Tickets: https://t.co/kXVdIPCMSM

[Halston @halstonvalencia]

Strategy has ~$6.7b in converts outstanding and $4.8b in the USD reserve.

To fully pay them off in cash right now would require another ~$1.9b.

[Halston @halstonvalencia]

I had the most vivid dream two nights ago that I adopted a 3 year old boy. I’m only 24, but adoption has been on my heart for as long as I can remember.

I woke up and it was one of those dreams that just felt too real, a dream you can’t really stop thinking about.

Then today at church, my pastor talked about pursuing your purpose- this has always felt like a big part of mine.

I don’t think anything about this was a coincidence.

[Halston @halstonvalencia]

Bitcoin is for everyone.

[Halston @halstonvalencia]

Just your Friday reminder that life is what you make of it. A target run and a banger song was all it took today.

Finding joy in the mundane >>

[Halston @halstonvalencia]

Claude Shannon died in 2001, before bitcoin existed, but he laid the theoretical foundation. Been going down a rabbit hole on his work and it's wild how much of this traces back to one guy.

1948: he defined the "bit," the basic unit of all digital info.

1949: he basically invented modern cryptography theory with "Communication Theory of Secrecy Systems."

SHA-256, elliptic curve signatures, key entropy: all downstream of his work.

Shoutout to the OG Claude 😤

[Halston @halstonvalencia]

If you buy spot BTC, you’re a bitcoiner.

If you hold it in cold storage, you’re a bitcoiner.

If you choose not to custody it yourself, you’re a bitcoiner.

If you buy it through your 401k, you’re a bitcoiner.

If you’ve never sold a single sat, you’re a bitcoiner.

Believing in the asset is the qualification. There’s no purity test.

[Halston @halstonvalencia]

Going live with @NextLevBitcoin and @cryptonomista 🔥

[Halston @halstonvalencia]

$STRC has climbed ~34% off its June low, now trading at $95.72 and is just a few dollars away from par.

Based on the 70 day pattern to par after the IPO (per the Q2 call), STRC could hit par around first week of Sept.

[Halston @halstonvalencia]

I don’t own bitcoin because I expect the dollar to fail. I own it because I expect the internet to keep winning.

Tristan Thompson on btc 🔥

[Halston @halstonvalencia]

Late night thought: people will spend years “researching” bitcoin and then buy the top anyway…and then sell the bottom.

This is a long term investment, not a tradddeee.

[Halston @halstonvalencia]

The national average savings account in the US pays about 0.38% APY.

Right now US consumer prices are rising about 3.5% a year, so the dollar’s buying power is falling roughly that much.

If you place $10,000 there for a year, you end up with $10,038 that buys roughly $9,700 of what it bought last year.

Do you see the problem? You're being paid 0.38% to lose about 3% of your purchasing power.

[Halston @halstonvalencia]

Strategy has 840,447 btc and the market is pricing at 0.70x (old mNAV). That’s 840,447 coins on sale.

Brutal twelve months, sure. But I think $MSTR is going to make people who bought this drawdown very happy.

[Halston @halstonvalencia]

3 reasons $STRC gets back to par:

1. They’re buying it. $785M still left under the $1B preferred repurchase authorization, and they said they’d buy heavier the further it sits below $100.

2. The reserve went from $2.55B in late June to $4.65B this week. That’s ~2.7 years of preferred div coverage.

3. When bitcoin goes up, $STRC probably goes up with it.

None of this works if bitcoin keeps sliding, but at $94.71 you’re getting paid 12% to wait.

[Halston @halstonvalencia]

1979: 385 hours at minimum wage covered a year of tuition. A summer job, and you started the fall with money left over.

2026: your kid worked multiple jobs, 25+ hours a week through all four years, and still graduated owing $100,000.

You bought your first house at 29. He's 24, makes $65,000 a year, and the median home is 8-10x the average salary. He won't buy a home until he's closer to 40, and he'll probably delay marriage & kids.

Bitcoin fixes this.

[Halston @halstonvalencia]

Every dollar of last week’s bitcoin sale went into $STRC buybacks. $785M of authorization left.

They are buying it back to par and it’s working.