Puzzle pieces are starting to fall into place. Gradually, then suddenly. $BTC

JUST IN: 🇺🇸 White House Official Patrick Witt says they're aiming to pass crypto Clarity Act by July 4th.

General meeting: taking place on 17 June. Please can we ask every shareholder to vote, if you have not already done so. Whether you support or oppose a proposal, exercising your right to vote is an important part of being a shareholder. We hope that you will support this important resolution. LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8

JUST IN: British #Bitcoin Treasury The Smarter Web Company ($SWC) makes the first move to launch UK's first BTC-backed perpetual preferred stock with up to $178 million of dividend-paying capacity. READ MORE: bitcointreasuries.net/news/s…

"There's 6% of the world's value in the UK, 9% of global equities, 10% of the world's money... I think it makes it the perfect jurisdiction to repeat the Strategy playbook of what a Bitcoin treasury company can be." The UK asset landscape presented at the Bitcoin Treasuries Unconference UK by Jesse Myres, Head of Bitcoin Strategy at The Smarter Web Company. @Croesus_BTC LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8

🚨: Germany’s new fusion reactor might power the entire planet by 2040, and it will soon be connected to the electrical grid.

Well it looks like the UK could be the first country to replicate the Saylor perpetual preferred model outside of the US. Smarter Web have just proposed a capital reduction, which is a balance sheet restructuring process that converts the locked share premium into distributable reserves. This is the first definitive step to issuing a preferred in the UK. "Such corporate actions could include the issuance of an alternative equity line which has attached to it a right to receive dividends" It still needs court approval and an IPO of course so not expecting anything until Q4 at the earliest but the path is now clear. Bitcoin-backed products are going to eat fixed-income markets all around the world.

Working ₿etter.

Metaplanet from $1.83 to $69. Model assumptions: $100M/month preferred issuance of MARS 6% preferred cost 30% BTC CAGR Sell common stock to pay dividends Zero common stock sold to buy Bitcoin, EVER CEBE mNAV linear expansion to 1.55x over 10 years. Start: 40,177 BTC 2,729 CEBE sats/share $1.83 implied price Year 10: 74,166 BTC 4,381 CEBE sats/share $69.12 implied price That is 37.8x in the model. And the share count only rises 10.7%. If you can raise fiat claims at 6% and buy Bitcoin compounding at 30%, the spread is the entire trade. CEBE is the scoreboard. Metaplanet is turning fiat liabilities into residual Bitcoin exposure for common shareholders. That is the flywheel once prefs get here. And what if they can raise more than $100m per month? The senior claim ratio of the balance sheet peaks at month 15 of this model. They have plenty of room to continue adding leverage. Bullish Metaplanet.

Live May 29 x.com/i/broadcasts/1qGvvvwWm…

The current mNAV of the remaining Bitcoin treasury companies

JUST IN: Fed Chair Kevin Warsh says "Bitcoin is the new gold"

1) #Bitcoin has been in a BEAR🧸market for 1.5 years!!! 2) There is MASSIVE SUPPORT directly beneath us!!!! a. Peak Volumes for the last 3 YEARS! 👀 b. Support line going back to 2017 🤯. c. Continued buys from $BTC Treasury companies. (Purchasing 10x the new supply on average). d. Clarity Act coming soon. e. Strategic Reserve details coming soon. f. Iran trying to use Bitcoin as their primary revenue source for fees in the Strait. 3) Roughly 11-12% downside risk vs. 65-105% gains between the previous high and the resistance line that goes back almost 2 years. DO NOT overcomplicate it. Buy and hold, and definitely don't let sell when BTC has already dropped 50% from it's high. NOTE - Bears might be screaming collapse this week if the war in IRAN continues, or there's a deal and then it's broken. That will NOT be the time to sell. DO THE OPPOSITE if this occurs!

This was the share price 12 months ago today. 4 days later $SWC broke £1 for the first time. These days will return when the time is right. This community has brought a lot of people together with a common vision. People who see what the masses don’t (yet). Fare well fellow SWC’ers and see you over on the @SWC_Wiki feed.

JUST IN: Eric Trump says nations are racing to acquire Bitcoin

NEW: Iran launches “Hormuz Safe,” a Bitcoin-settled insurance platform for Hormuz shipping.

BREAKING: Michael Saylor's 'Strategy' buys 24,869 Bitcoin worth $2 billion.

JUST IN: 🇮🇷 Iran launches Bitcoin-backed insurance service for shipping companies wanting to transit the Strait of Hormuz.

Tomorrow is the start of a new week and another opportunity to keep building. What excites me most about this sector is that we are still incredibly early. Every week companies continue to take meaningful strides forward, new ground is being broken and corporates continue to increase their share of global Bitcoin ownership. At The Smarter Web Company, our focus remains simple: build carefully, think long term and continue improving the structure that allows us to increase Bitcoin per share over time. Last week we further solidified our position as the UK leader, adding another 35₿ to the balance sheet, taking our total holdings to 2,840₿. As with any growing company, there is still a huge amount of work ahead, but the direction of travel feels clear. Excited to go again tomorrow with the team and our amazing community. LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8

BREAKING: 11 US Air Force C-17A aircraft are now leaving the Middle East toward Europe. The same mass departure pattern happened a few hours before the war began on February 28 and last week, when Channel 12 reported Trump cancelled the strikes "at the last minute," on Saturday.