Elon's boy

I provide information on the technology, financial and political sectors. I can be funny or sarcastic at times. looking to grow my followers and provide facts!

[Matt Cole @ColeMacro]

Bitcoin is at its 200-week moving average tonight of ~$68k.

Historically, that’s been one of the best times to increase risk exposure to Bitcoin. It’s also when the way a Bitcoin company is built matters most.

Investors in Strive know our amplification comes only from preferred equity, and that we keep large cash reserves. They also understand we have no encumbered Bitcoin and are uniquely positioned to withstand dips. What I think is less understood is the value of having two deeply liquid preferred equities already trading, and how that lets us turn dips into a higher amplification ratio when Bitcoin recovers. Said another way, these dips can make us even more valuable because of the engines and structure we have in place.

Think about the three ways a Bitcoin company with amplification could go through a drawdown:

1. Bad debt terms. A drawdown can force you to sell Bitcoin at the worst possible time. You don’t just round-trip when Bitcoin recovers. You permanently impair shareholder value.

2. No engine. Bitcoin falls, your stock falls, Bitcoin recovers, and you end up roughly where you started.

3. Liquid preferred equity with real demand already in the market. You can issue more preferred while Bitcoin is cheap, and come out the other side with a higher amplification ratio than you went in with.

That third path is what Strive has done over the last year.

Last Dec 31, Bitcoin was ~$87.5K and our amplification ratio was 30%. By Sep 30, Bitcoin was back near that level at ~$83.6K. Our amplification was 55%.

Similar Bitcoin price, but with almost double the amplification.

Even as Bitcoin rose 43% off the June low, which on its own should have cut our amplification from 67% to ~47%, we held at 55%. After launching SATS and with tonight’s dip, our amplification ratio is now over 70%. Year to date, ASST is up ~51% while Bitcoin is down ~19%.

I believe this performance is primarily due to the structure we’ve very intentionally built with no debt and no pledged Bitcoin. That means no margin calls or debt maturities, and it lets us think long term and act opportunistically when Bitcoin dips.

I don’t think the market properly values this yet, and additionally rarely uses discounted forward-return modeling when assessing what a Bitcoin treasury company is worth. On a forward view of total returns under reasonable Bitcoin bull scenarios, I believe our common equity is undervalued, even though most mNAV calculations would show over 1x.

There is a lot more to discuss on this, but it’s why we removed mNAV calculations from our dashboard over the past week. mNAV captures a single moment in time and treats our operating company as if it were just a passive fund.

The discount we see in our equity is why we haven’t issued common equity over the past couple of weeks. We had some excess cash above our 18-month dividend reserve, and at these levels we’d view common issuance as dilutive, even with an mNAV over 1x, and ideally minimized unless we viewed it as necessary to invest in the long term success of our Digital Credit business.

Bitcoin dips and down years are rough for many investors, especially if you’re not used to Bitcoin’s volatility. As long-time Bitcoiners, we’ve always understood it. We built Strive on purpose not just to withstand that volatility, but to add value for our common shareholders through it.

We remain very constructive on Bitcoin risk going into 2027 and view these dips not only as an opportunity but as a blessing. We’ve used them to create additional value for our shareholders several times over the past year. It’s time to do it again.

$ASST $SATA $SATS

[Shay Boloor @StockSavvyShay]

$NBIS DATA CENTER MAP KEEPS GETTING BIGGER

[Tevis @FunOfInvesting]

$NBIS ARR was $6.4 billion 😅

Annual contract value per MW exceeded $25 million in Q3, up from >$20 million on our Q2 deals. (weighted average of 1-5 year deals)

In the APAC region we have signed multiple customer agreements in Japan, Korea, India, Australia and Singapore. We have also appointed country managers to lead go-to-market in South Korea and Japan.

More than 90% of contract value signed in the third quarter carried a prepayment, and the weighted average prepayment as a share of contract value rose by approximately 20 percentage points quarteron-quarter.

[Elon's boy @SOFIGUY777]

@jimmieX07 Didnt he just go to SpaceX?

[Elon's boy @SOFIGUY777]

@pete_rizzo_ Then why is cypherpunk not a bitcoin treasury company?

[The Bitcoin Historian @pete_rizzo_]

BREAKING: CYPHERPUNK LEGEND ADAM BACK JUST ANNOUNCED ON CNBC THAT HE IS PERSONALLY BETTING #BITCOIN WILL HIT $1,000,000 BY 2028

"95% OF ADOPTION IS YET TO COME"

"PENSIONS, MUTUAL FUNDS, THE LARGEST POOLS OF CAPITAL HAVE YET TO BUY"

"THE FLOOR PRICE OF BTC WILL JUST KEEP MOVING UP OVER TIME"

HE'S PUTTING IT ALL ON THE LINE

WHAT AN ABSOLUTE LEGEND 🔥

[Josh Kawcak 🇺🇲 @Kawcak20]

@CathieDWood and @ARKInvest have ADDED to their $SOFI positions in $ARKK and $ARKF today. Total of 405,720 shares for roughly $6.8 Million. Glad to see them adding again

[Elon's boy @SOFIGUY777]

@insiderinvests SOFI OF COURSE haha

[Elon's boy @SOFIGUY777]

@RonSwanonson Right, people do not considered the power of small #'s...ASST can 10-20x...MSTR will maybe 2-3x....right @Micro2Macr0 ;)

[Elon's boy @SOFIGUY777]

Ouchy!! Glad i didnt pull the trigger on Nvidia.. going to be a big sell off tomorrow..Hopefully they wouldnt have to do a reverse split...

[Elon's boy @SOFIGUY777]

Closing bell: $NBIS +15.4%, MU +11.9%, CoreWeave +24.7%. McElligott estimates ~$26.5B of levered ETF buying into the close, $14.9B in semis. Yesterday the AI bubble was popping. Today it's generational. Nothing says conviction like 3x leverage at 3:59pm.

[Elon's boy @SOFIGUY777]

Bernstein just audited the AI data center boom: 586GW in the pipeline, only 199GW credible. Of 497GW merely announced, 123GW pass the smell test.

Turns out the easiest thing to build in AI is a press release. #AI

[Elon's boy @SOFIGUY777]

@BrianAtlas @SoFi Bro, be smarter...

[Elon's boy @SOFIGUY777]

@BenjaminStongMD @BTCtreasuries You're fake

[Bitcoin Treasuries @BTCtreasuries]

JUST IN: Strive $ASST just reported $474.8 million in net income attributable to common equity for Q3 and a 63.2% #Bitcoin yield YTD.

"Now with both $SATA and $SATS, Strive has never been better positioned to deliver long-term returns above BTC for our $ASST shareholders," said CEO Matt Cole. 🔥🚀

[Elon's boy @SOFIGUY777]

@LarryB31314 Lol

[Elon's boy @SOFIGUY777]

@heisHIM3694 Absolutely 💯 discusting

[Fundamental Investing @Investinc_Intel]

🚨 $SOFI EXPANDS ITS TECHNOLOGY SOLUTIONS PARTNERSHIP WITH $DAVE!

A newly discovered SEC filing confirms that Dave has signed an expanded agreement with SoFi Technology Solutions (formerly Galileo).

The agreement, effective September 28, 2026, adds a new set of overdraft processing services to their existing relationship dating back to March 2020.

Here's what SoFi will provide:

• Overdraft account management.
• Automatic fund transfers to cover eligible transactions.
• Overdraft payment processing.
• Training and ongoing operational support.
• Additional implementation and development services where contracted.

Awesome to see SoFi tech solution partners becoming more embedded!

[Elon's boy @SOFIGUY777]

Is this true @Micro2Macr0 ? The power of small #'s ASST has way more room to grow...if i sold ASST and bought MSTR I could get a 2 or 3x but ASST I can get a 10-20x

[Wubba @WubbaBtc]

@JoshMandell6 When someone sells all their ASST shares to buy MSTR, their net treasury value per dollar invested goes up significantly.

[Bitcoin Treasuries @BTCtreasuries]

JUST IN: $15 Trillion BlackRock's preferred stock ETF $PFF just disclosed it bought 412,353 shares ($38.8 million) of #Bitcoin treasury company Strive's $SATS for the first time.

World's largest asset manager makes its first move into the highest-dividend-paying digital credit ever. 👀🔥