Buying SpaceX's $SPCX IPO last Friday would have already outperformed holding $ETH over the past five years.

THIS IS ABSOLUTELY INSANE. If you had invested $14,000 in SanDisk $SNDK last year, you would have over $1 MILLION today. SNDK is now up 7,500% in the last 14 months.

SPCX options start trading tomorrow: it could gamma squeeze to 400, surpassing NVDA

Elon musk’s net worth is more than the bitcoin current total market cap

Tonight's move in SpaceX stock, $SPCX, pushes Elon Musk's net worth above $1.3 trillion. This means Elon Musk is now worth more than the market cap of all but 12 public companies in the world. SpaceX and Tesla combined are now largest than Apple by market cap. We are witnessing history.

This wouldn’t surprise me

Absolutely incredible. SpaceX, $SPCX, is now trading above $220/share in overnight trading. This makes SpaceX worth nearly $2.9 TRILLION, less than $100 billion away from surpassing Microsoft. This also puts SpaceX up 63% from its IPO price of $135/share. Furthermore, the combined market cap of both SpaceX and Tesla is now at a record $4.4 trillion. That’s bigger than the market cap of Apple and roughly equivalent to the market cap of Google. To top it all off, SpaceX raised a record $85.7 billion after underwriters exercised the "greenshoe" overallotment. Never in history has an IPO ever come remotely close to what we are seeing right now. Truly incredible.

ALL SET: the iShares Bitcoin Premium Income ETF $BITA is launching TOMORROW (tue). Confirmed by Nasdaq. Also, the ETF will target 15-25% annual yield while trying to capture at least 70% of bitcoin's upside in process.

Stock is mooning $SPCX

BREAKING: SpaceX stock, $SPCX, surges 9% in overnight trading and hits $2.7 trillion in market cap. SpaceX has officially surpassed Amazon to become the 5th largest public company in the world.

Almost all articles regarding criticism of $MSTR selling stock to buy Bitcoin point to the fact that MSTR has always sold stock to buy Bitcoin. But that rationalization misses the point of the criticism. Past sales were done at a premium. Current sales are done at a discount.

I just bought 300 $SPCX shares. A gift for my great children.

BTC treasury companies hurt Bitcoin adoption by onboarding a lot of newcomers into stonks that should have been onboarded into BTC in self-custody. Families that own BTC in self-custody will be able to survive the great monetary reset, while brokerage accounts and bank accounts get wiped out or marked down or confiscated. BTC treasury companies also create large pools of BTC at large regulated custodians where they can be rehypothecated and used to suppress price, or ultimately 6102's like FDR did with American's gold in 1933. BTC treasury cos will be remembered as a gimmick and a grift. Operating companies like Apple replacing their cash and Treasuries with BTC is what real corporate adoption looks like. But all retail investors should be onboarded onto the real thing-- BTC

"The jig is up on the financial engineering. You need to figure out how to actually create cash flows or Bitcoin-denominated cash flows using your stack." - @jamesmcavity's message to Saylor.

JUST IN: BlackRock to launch Bitcoin Premium Income ETF tomorrow

These responses by Matt Cole are incredibly misleading. Pay attention. I made a point that the nearly $40 billion of common equity that Strategy raised since 2024 underperformed bitcoin, which it did. He said inaccurate. I showed the analysis he described. Then he said "of course it did" (note there was a longer reply in his post than what I snipped in the first pic, I'll link it below for context). The equity raised since the beginning of 2024 represents >90% of all common equity ever raised. Sell the equity, buy bitcoin. The equity should and will trade at a discount to NAV due to the incremental risk. If you do not understand this, you probably shouldn't be investing in stocks. The people buying these stocks are being gaslit to believe the stocks *should* trade at a premium when that is non-sensical to risk. You're supposed to get paid for taking incremental risk. It's called a risk premium. The risk literally is priced with a discount. It is not discounted, it is the opposite direction. The stocks should and will trade below NAV because of the incremental risk and because you can buy the underlying asset at lower carrying cost. When bitcoin rises and the further out of the money the senior claims become, the closer the stock should trade to NAV and you would outperform bitcoin for incremental risk. When bitcoin declines, there becomes less coverage and the discount to NAV will widen. All bets off if the company dilutes you or takes on more leverage which represents more risk. Saying treasury companies should outperform in bull markets and underperform in bear markets because "that's how positive beta works" is a misnomer that is ignoring the critical part about the premium embedded in the stocks. The stocks will re-rate to trade below NAV, then they probably should outperform in bull markets and underperform in bear markets while always trading at a discount to NAV, which is what I've been talking about. Ignoring the fact that incremental risk (i.e. leveraged bitcoin companies in stock wrappers) trades at a premium is the problem. If you figure this out, then you will do exactly what the companies are doing. Selling the common equity and buying bitcoin. My reply: x.com/parkeralewis/status/20… Matt's second reply: x.com/ColeMacro/status/20665…

Saylor has definitively chosen to dilute MSTR holders in favor of funding STRC dividend payments. The $100M BTC buys are a mask for using common shareholders as liquidity to raise $100M at a time in cash that'll be burned via dividend & debt obligations. There's a reason BTC Yield has started to trend lower with each new buy. If you're bullish on Bitcoin, don't buy someone else's stock as a proxy, just buy Bitcoin.

Here is another way to simplify why the risk of bitcoin treasury companies is mispriced using Strive as example. How much is lots and lots of incremental risk worth TODAY? If you aren't selling the premium, you're buying it. Strive is selling the premium. You should too!