Wintermute is shorting $DOGE with an unrealized PNL sitting at about $333K
something tells me that shorting DOGE before its supercycle and the X Money release is their worst decision ever
https://t.co/BBFYLyQ83W
yet another 2% of growth and another $70 000 of losses for Wintermute.
when $DOGE doubles in price, the unrealized PNL will be at almost $5 million. when $DOGE 10x's... well, let's not think about it and hope that Wintermute settle for a loss earlier
Scam Altman wants people to believe he runs OpenAI for love because he has no direct equity in OpenAI and made just $66,000 salary in 2024
But the real money is not inside OpenAI
It sits outside in bets that can quietly benefit from OpenAIโs decisions
He does not own OpenAI directly
He makes money through outside companies instead and those companies can gain when OpenAI partners with them or boosts their value
That makes it very hard to see where the money is really coming from
His key side ventures
1. Helion Energy nuclear fusion
One of the biggest investors
Put in around $375M
OpenAI signed a deal tied to it which helped lift its valuation
2. Stoke Space rocket company
Tried to involve OpenAI in deals
Even explored acquisition or control talks
Family office investment link reported
3. Merge Labs brain computer interface
Altman invested and sits on the board
OpenAI also partnered with it
4. Y Combinator portfolio
Hundreds of startup bets
Some later did deals with OpenAI
On paper it looks clean
No equity no big salary
In reality the upside sits outside.
Iโm launching a challenge in which absolutely everyone can participate and support @elonmusk
Before winning the court, we will make a tweet every day with two words โScam Altmanโ ๐
Letโs spread it out โ๐ป