Spring Break 365

Spring Break is a state of mind. #BTC 🚀 Blackhole @Blackholedex 🚀 Supernova @Supernovadex 🚀 Ross Ulbricht is free finally!!! @RealRossU

[Spring Break 365 @SpringBreak_365]

Whales can easily manipulate the Bitcoin market by selling. They sell, scare the paper hands into selling, price goes lower and then accumulate even more. Yet this cannot go on forever because of the finite supply of BTC. Soon there are none left, soon the price goes parabolic 🚀

[Desiree Rugani @desireerugani]

Elon Musk acabou de provar que a propriedade na América é uma ficção legal.

Musk: “Você é tributado pelo que ganha, tributado pelo que compra e tributado pelo que possui.”

Pense no que o imposto predial realmente significa.

Você trabalhou por décadas. Pagou tudo integralmente. A escritura está em seu nome.

Pare de pagar à governo sua taxa anual. Veja-os tomarem e venderem para alguém que pagará.

Você nunca possuiu aquela casa. Você estava apenas alugando de uma entidade com a qual nunca assinou um contrato.

O imposto de renda conta a mesma verdade em uma embalagem mais suave.

O governo não toma uma porção dos seus ganhos. Eles decidem quanto do seu próprio trabalho você tem permissão para manter.

Isso não é semântica. É uma confissão de quem o sistema acredita que seu tempo pertence primeiro.

O imposto sobre vendas enterra-se no recibo. Duas pessoas trocam valor voluntariamente. Um terceiro que não contribuiu nada leva uma fatia simplesmente por permitir que isso aconteça.

Agora empilhe todos os três.

Tributado quando você cria. Tributado quando você gasta. Tributado quando você segura. Tributado novamente quando você morre e tenta passá-lo para seus filhos.

Em nenhum ponto desse ciclo o sistema reconhece sua produção como sua.

Porque o dinheiro não é uma abstração. É a vida humana cristalizada.

Todo dólar tributado é uma hora que você já viveu, já sangrou por ela, já se foi.

O Estado não está gerenciando uma economia. Está reivindicando domínio sobre o tempo que você nunca recuperará.

E gastando em sistemas que você nunca pediu e ativamente se opõe.

A instituição que extrai tudo isso não enfrenta nenhuma obrigação de desempenho. Um contratado que não entrega nada é demitido. Uma burocracia que queima trilhões recebe um aumento de orçamento no próximo ano fiscal.

A SpaceX paga impostos às agências que obstruem seus lançamentos. A Tesla financia os reguladores que redigem regras para proteger seus concorrentes.

Os construtores não estão subsidiando o governo. Eles estão financiando seu próprio atrito.

O código tributário tem 74 mil páginas. Não porque a economia exija isso. Porque a extração teve que ser enterrada em complexidade suficiente para que você parasse de perguntar para quem ele foi desenhado para proteger.

O passado pertencia às pessoas que tributavam o mundo.

O futuro pertence às pessoas que o constroem.

[Elon Musk @elonmusk]

Wow

[Aaron Day @AaronRDay]

When the cameras left, the cages stayed locked.

Trump pardoned Ross Ulbricht. The government said the rest were coming. They never came.

Seven people are still locked up for writing code and teaching people how to use digital cash. Let me be specific about who they are:

Ian Freeman ran the Bitcoin embassy in Keene, New Hampshire. Eight years for teaching people to use digital cash.

Roman Sterlingov got twelve and a half years on a black-box verdict in the Bitcoin Fog case. His lawyers still can't fully explain what the evidence was.

Roman Storm wrote the Tornado Cash contract. He's looking at forty years. Retrial in the fall.

Keonne Rodriguez built the Samourai wallet. They arrested him on Christmas Eve.

William Lonergan Hill was sixty-seven when they caged him for writing privacy software. Four years. Lisbon to a cell.

Ray Youssef banked the unbanked through Paxful. Deported. Schools in Africa bear his name.

Seven people. Code. No victims you can name.

America says it wants to lead in crypto. You cannot cage your builders and lead anything. Every one of these prosecutions is a message to every developer on earth: write privacy software and we will come for you. Code is free speech. The surveillance state is telling you it disagrees.

Pardon them all!

@FTL_Bonnie @FreeTalkLive @MarkEdgeShow @keonne @leamuirleyn @CruelSentencing @TorEkelandPLLC @mikehassard @rstormsf @raythewarchief

[SuperVerse @SuperVerse]

S&P500, AI stocks, SpaceX, Crypto

[Jeff Swanson @theswansjr]

"Bitcoin isn't backed by anything."
Let me stop you right there.

Bitcoin is backed by energy. Real energy. Kilowatts. Heat. Physics.
The kind of backing you can't print, fake, or vote into existence at an emergency Fed meeting.

Every block mined is a thermodynamic proof of work. Not a promise. Not a policy. Proof.

The issuance schedule has never been amended by a committee. Not once. Not ever. Because there is no committee.
There's just math. Cold, indifferent, and immune to political theater.

The network is secured by more raw computing power than anything humanity has ever built. Hundreds of exahashes per second standing guard. Every single day.

Now let's talk about what is backed by nothing.
The dollar.

It's is backed by confidence. Specifically, confidence in the institution that printed $6 trillion in two years while telling you 3% inflation was healthy and you should be grateful for the soft landing.

In the same people who can't pass an audit.
Who fund wars with a credit card.
Who promise solvency while sitting on $39 trillion in debt and accelerating.

"Backed by nothing" isn't an attack on Bitcoin.
It's a confession about the dollar.

Follow if you're serious about building wealth they can't print away.

[Ash Crypto @AshCrypto]

Everything is at all-time highs except Bitcoin.

Right now, global stock markets with AI and memory stocks are getting most of the liquidity and attention, just like Gold and Silver did in 2025.

But here's what most people are ignoring.

We've already seen global equities rally, metals rally, oil rally, and even fucking potatoes go parabolic.

The only asset class that is really UNDERVALUED right now is crypto.

Money usually rotates from overvalued to still undervalued assets and if that happens, the crypto catch-up rally will be absolutely violent.

[Spring Break 365 @SpringBreak_365]

THIS IS INSANE... Trump’s Iran Delay May Be Bigger Than Anyone Realizes! https://t.co/p7wiGc2JaN via @YouTube

[Altcoin Daily @AltcoinDaily]

FIDELITY: "BITCOIN IS ENTERING ERA OF SCARCITY"

5 public companies now hold nearly 1 million $BTC
VS less than 1 million BTC remains to be mined

Supply & demand in full effect:

[10Δ @_10delta_]

Vol happens fast.

Monetizing the straddles.

Believe we will get an announcement from Saylor sells soon, which will be cathartic for the market.

Additional observation: typically — if we are to adhere to “cycle” behavior — Bitcoin sell offs during this time are followed by the fabled “alt season”.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: President Trump releases a statement on crypto.

“Trump will never let crypto down,” he says.

[vitalik.eth @VitalikButerin]

@MsMelChen The solution is to rally around open source.

That's the only way to compete with a superpower technology network effect if you are not a superpower yourself. And it's the only way to bring the rest of the world along on the same team as you.

Open source.

[10Δ @_10delta_]

It's interesting how Trump's jawboning can move the trillion dollar equity & oil markets, but completely ineffective in crypto.

[Gad Saad @GadSaad]

Discussing Suicidal Empathy with @SchmittNYC on @NEWSMAX.

[Patrick Scott @patfscott]

$4 Trillion. Let that sink in.

That's more than 10X the current total of tokenized assets.

If $3.6T enters the onchain economy, then 1000s of successful businesses will be born. Exchanges, lenders, risk curators, data platforms.

Massive opportunity to position yourself now.

[Ktrap @ktrap]

🔥 AI is quietly supercharging BTC

Yesterday, Wall Street research firm Bernstein just pointed out something huge:

Public Bitcoin miners are sitting on a 27+ GW power pipeline at the exact moment AI companies are desperate for grid access

That’s the whole story

AI companies can raise money

They can buy chips

They can hire engineers

But they can’t magically create power

Bernstein says securing 1 GW of power in the U.S. can take close to 50 months

That’s where miners have the edge

Bitcoin miners already spent years fighting that battle:

☑️ Land
☑️ Substations
☑️ Transmission
☑️ Permits
☑️ Grid relationships

Massive energy-heavy operations

🔑 All the boring infrastructure nobody cared about last cycle is suddenly one of the most valuable things in tech

And the money is already showing up

Miners have announced $90B+ in AI/HPC deals tied to roughly 3.7 GW of capacity

📈 Here’s why that’s bullish for BTC:

Bitcoin miners usually depend on block rewards, fees, and the price of BTC

When markets get ugly, they often sell freshly mined Bitcoin just to pay bills

But AI data center contracts can give miners a second revenue stream

That means:

👉 Less forced BTC selling
👉 Stronger miner balance sheets
👉 More ability to hold BTC
👉 More durable mining sector
👉 Stronger Bitcoin network

Everyone thought “AI x crypto” meant another token

But the real bridge might be way more boring:

⚡️ Power

Bitcoin miners built energy infrastructure before the world realized how scarce it would become

Now AI needs it

And Wall Street is finally figuring it out

[Shanaka Anslem Perera ⚡ @shanaka86]

Strategy holds 843,738 Bitcoin. That is approximately 4% of every Bitcoin that will ever exist. Last week alone, between May 11 and May 17, the company added 24,869 BTC for $2.01 billion, funded 97% by selling $1.95 billion of preferred stock yielding 11.5% to 927,000 retail investors.

This is no longer a corporate treasury. This is the first publicly traded central bank operating on Bitcoin, without a charter, without sovereign backing, and without anyone in Washington yet recognizing it as one.

The mechanism is mechanical. STRC, the perpetual preferred stock Strategy issues to fund Bitcoin purchases, has raised $8.5 billion in nine months. It is the largest tradable preferred stock in the United States, almost twice the size of Wells Fargo’s largest issuance.

Daily volume runs ten times the sector average. It reaches 1,400 institutions, 1,300 ETFs and funds, and roughly 100 million beneficiaries.

Eighty percent of holders are retail. Strategy raised $11.68 billion of equity year-to-date, the largest US equity issuance of 2026, and disclosed remaining ATM authority of approximately $51.5 billion across its five share classes.

The dividend math is the protocol. Strategy’s preferred stock obligations across STRC and its sister series total approximately $1.5 billion annually. Strategy needs Bitcoin to appreciate just 2.05% annually to cover them perpetually from the existing reserve. At 0% appreciation, current reserves cover 43 years of dividends. At any rate above 2.05%, the spread accrues to common shareholders as Bitcoin per share.

The metric Strategy reports is no longer revenue. It is BTC Yield, currently 12.6% year-to-date for 2026, up from 9.4% at Q1 close. Satoshis per share have grown 18% year over year. Average cost basis on the entire 843,738-coin reserve sits at $75,700.

Then came the regime change. On the May 5 earnings call, Saylor said the sentence that retired four years of HODL absolutism: “We will probably sell some bitcoin to pay a dividend just to inoculate the market and send the message that we did it.”

He walked it back at Consensus Miami six days later as a “big nothing burger.” On May 15, Strategy announced a $1.5 billion convertible note buyback and explicitly listed Bitcoin sales as one of three potential funding sources. Polymarket odds on a 2026 Bitcoin sale spiked to 92%.

The pivot reveals the architecture. Strategy is conducting open market operations on Bitcoin. Sell preferred stock to expand the balance sheet, buy Bitcoin with proceeds, manage liquidity through ATM authority, signal monetary policy through public commentary, and reserve the right to sell Bitcoin to manage liability cash flows.

Every function of a central bank, executed against a single non-sovereign asset, by a corporation that just generated $124.3 million in software revenue against $12.54 billion in non-cash GAAP losses.

This is happening in the same week the United States Senate Banking Committee classified Bitcoin as a permanent federal commodity under the CLARITY Act and Iran launched Hormuz Safe, a sovereign Bitcoin-settled maritime insurance platform projecting $10 billion annually.

Three actors. Three architectures. One asset. Washington codified its legal status. Tehran weaponized its neutrality. Strategy operationalized it as monetary policy.

The Bitcoin-denominated central bank without a license is not a thesis. It is a corporate balance sheet running open market operations in public, disclosed in 8-K filings, scaled to 4% of supply. The architecture is no longer theorized. It is executed weekly.

https://t.co/FRwSI1w8WU

[Spring Break 365 @SpringBreak_365]

Wall Street Just Buried $162 Trillion of Its Own Monopoly in 30 Days https://t.co/radNVjXf7t via @YouTube

[Spring Break 365 @SpringBreak_365]

@Dogadoodle72 @bandosei @crypto_akkela Good point now is actually probably a good time to load up and get exactly the gains @ZssBecker was taking about

[The Kobeissi Letter @KobeissiLetter]

Shocking stat of the day:

Semiconductor stocks have accounted for more than half of the S&P 500's +8% year-to-date gain, or +563 index points.

NVIDIA, $NVDA, alone has contributed +110 index points to the S&P 500.

This is followed by Micron, $MU, at +58 points, Broadcom, $AVGO, at +44 points, AMD, $AMD, at +40 points, and Intel, $INTC, at +39 points.

As a result, the remaining 495 stocks in the index have collectively contributed +272 points.

This comes as the Semiconductor index, $SOX, has rallied +64%, 8x the performance of the S&P 500.

Chip stocks now also account for 18% of the S&P 500’s market cap, near an all-time high.

Semiconductor stocks are a modern-day gold rush.