J. L. Block

Career S&P 500 Underperformer

[J. L. Block @johnlblock]

This is now the second member of the House that has purchased $IREN.

Last time a congressman purchased $IREN, namely Rep. Cleo Fields, the stock rallied >200% in a matter of a few months.

Representative Fields sits on the House Financial Services Committee, which includes oversight on Capital Markets and Financial Institutions.

[unusual_whales @unusual_whales]

This is unusual.

Representative Dale Strong disclosed a Jan. 28 purchase of $IREN, a data-center company powered by renewable energy.

It is his first stock trade in three years in Congress.

Strong sits on the House Appropriations Committee and is vice chair of the Commerce, Justice, Science, and Related Agencies Subcommittee, which oversees federal spending.

Just days before his purchaae, on Jan. 23, 2026, President Trump signed H.R. 6938, a major appropriations package the committee helped advance, which would “advance American strength by unleashing energy dominance, securing critical minerals, and investing in nuclear power.”

Unusual.

[J. L. Block @johnlblock]

I estimate that $SPCX is overvalued by 50-55% at $1.75T.

A sum-of-the-parts analysis, necessary for the three incompatible business models which together are SpaceX, leads me to believe that a defensible market cap would be within $700-950B range on a base-case scenario.

A generous bull-case scenario on my SOTP analysis brings their current fair valuation to $1.35T, roughly 23% overvalued to the IPO of $1.75T.

I’ll positioning a meaningful portion of my portfolio against the world’s first trillionaire on Monday. Full breakdown on the SOTP analysis soon.

NFA

[Pleometric @pleometric]

Reminder: You Have Until June 22nd

[Watcher.Guru @WatcherGuru]

BREAKING: Michael Saylor's 'Strategy' sold 32 Bitcoin worth $2.5 million.

[J. L. Block @johnlblock]

Initiated a small percentage of my portfolio into $RIVN.

There’s something to be said into believing into a company against its fundamentals. I rode in the R1S and have genuinely never seen a more well-made vehicle. The company is suffering from severely-ill cash management. More than anything, and most worrying: they only have about $2 bn of cash on hand remaining.

Convertible notes and ATM programs will continue to drive the stock down over the next handful of years, but it leaves opportunity for a disciplined DCA. The R2 debuting at $45,000 at full force within two years with factory ramp-up in Georgia will likely be a great windfall for Scaringe.

My underlying and very quick assumption is that the stock will trade around $100/share in the next two years, implying a market cap of roughly $137 bn. But this is absolutely contingent on successful execution, marketing, and sustained profitability with the R2. The tornado in Illinois did not help out the timeline toward profitability and again, that cash-on-hand is low… But the R1S, the continued improvements on its generations, and its careful design make me hopeful that Scaringe and his team will execute well.

Fingers crossed! Will analyze quarterly reports.

🤞🤞🤞

[J. L. Block @johnlblock]

@IREN_Ltd @mikealfred @nvidia @danroberts0101 @MichaelDell Yeah you

[J. L. Block @johnlblock]

@Agrippa_Inv @MirantisIT Fantastic analysis as always sir!

[J. L. Block @johnlblock]

@MirantisIT @Buhlahkay @IREN_Ltd Yeah, that’s sexy

[J. L. Block @johnlblock]

@PeterSchiff @saylor Brah. Sometimes you have valid criticisms but this is weak. I don’t necessarily believe in the thesis but $STRC at a high level is quite easy to understand

[J. L. Block @johnlblock]

@TrendSpider It will either go up or down

[J. L. Block @johnlblock]

@elonmusk Rather, free data labelling

[J. L. Block @johnlblock]

@yianisz What clownery is this? Notes are “tied” to a $27B contract? “Potential” 20-40% dilution? Yes, and potentially $NBIS will fall through on their $27B deal with $META and everything is smoked. Actual slop

[J. L. Block @johnlblock]

@IREN_Ltd @nvidia Hm. Split on this

[J. L. Block @johnlblock]

@unusual_whales In other news the sun rose this morning

[J. L. Block @johnlblock]

@jbelizaireCEO @SolunaHoldings Okay.

[Quiver Quantitative @QuiverQuant]

BREAKING: Representative Cleo Fields just filed new stock trades.

He bought more stock in $IREN, worth up to $100K.

Full trade list up on Quiver.

[Brian Garst @BrianGarst]

@WhiteHouse

[нетактічний єнот @enot_reader]

@WhiteHouse Your chart wasn’t BIG enough, so I fix it

[J. L. Block @johnlblock]

@IREN_Ltd Woo wee!

[𝐀𝐠𝐫𝐢𝐩𝐩𝐚 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 @Agrippa_Inv]

Just bought some $NUAI

The new position now represents a little over 10% of my portfolio.

I'll make another post in a couple of hours explaining the rationale behind the purchase.