If you use your $BTC as “money” and spend it, you part with generational wealth. If you use your $BTC as “collateral” and intelligently borrow USD to spend, you retain generational wealth.

It seems your efforts would be better spent convincing people to buy bitcoin (like with your book I love so much), and not attacking a company who also enjoys Bitcoin.

We’re not traders. We don’t speculate or try to time the market. We don’t do technical analysis or draw lines on charts. $BTC is going up forever. There’s only one @Strategy. Buy and hodl.

My conversation with @scottmelker on @YahooFinance on @Strategy, the largest holder of Bitcoin in the world, why $GOOG and $MSTR use preferred equity, paying $STRC dividends, buying and selling $BTC, and $MSTR performance.

The two most forward-looking public companies in the world hold Bitcoin.

Congratulations @ElonMusk and $SPCX on a historic IPO. Thanks to you, 25% of the Mag8 now holds Bitcoin on the balance sheet.

Say less!!! Buy bitcoin!!!!

$BTC in self-custody is for savers that want to preserve wealth in a trustless, self-sovereign manner. $MSTR is for investors that want to take risk and trust the @Strategy team to outperform $BTC over the long term through intelligent leverage.

@jackmallers Our mNAV uses the standard conventional framework. mNAV = Enterprise Value / Bitcoin Reserves Enterprise Value = Common Equity Market Cap Preferred Equity Notional Value Convertible Debt Notional Value - USD Reserve The convertible debt is not treated "as-converted". It is treated as debt regardless of being ITM (in-the-money) or OTM (out-of-money). *IF* we were treating OTM convertible debt as converted into common equity in our formula, it would actually lead to a lower Enterprise Value. This is because you would replace the convertible debt with less common equity. This would lead to a lower mNAV and not higher. An intuitive way to understand this is that a convertible debt investor will demand cash at maturity if it is OTM, because the alternative is converting it into common equity shares which are worth less than the cash (precisely because it is OTM). Hope this helps. Happy to chat live to discuss this further.

There isn't a single person who owns any part of the business that will be surprised about the company being all in on Bitcoin. They own his stocks because they WANT him to take those risks. It's literally their business model.

I haven’t sold a sat. Strategy is still stacking.

Strategy has the cash/bitcoin to pay the dividend forever. $STRC is undervalued.

It’s encouraging to see Bitcoiners engage in a fact- and model-based discussion on the merits of a public company built on the reflexivity of Digital Capital, Equity, and Credit. @Strategy has spent six years refining this model on a revolutionary asset class entering adulthood.

Publicly crusading against a capital structure strategy that is directionally aligned with your own stated long Bitcoin thesis represents asymmetric career risk

Accretion depends on the metric. Net Assets per Share measures balance sheet strength and residual asset value. BTC per Share measures Bitcoin intensity and long-term equity upside. NAV accretion improves asset coverage. BTC Yield accretion increases Bitcoin per share. $MSTR $BTC

"We're the largest holder of Bitcoin in the world. We're the largest purchaser of Bitcoin in the world. And we'll continue to be". Watch my conversation with @CNBC @PowerLunch below. 00:00 — "We're net purchasers of Bitcoin." The 32 BTC sale helped inoculate the market, test our processes, and capture tax losses over time 1:47 — We balance the needs of our constituents: $MSTR and $STRC shareholders, $BTC hodlers, and debt holders 3:07 — Four-year cycles, macro volatility, geopolitical conflict, inflation uncertainty, Fed policy, Clarity 4:15 — Bitcoin is a hedge against inflation and big government 5:32 — Capital that rotates from $BTC to AI will come back to $BTC 6:42 — With clearer rules, every major bank is going to flood into $BTC and crypto 7:27 — Expanding financial-system access is good for Bitcoin

My beliefs: Retweets are notifications, not endorsements. Constructive dialogue leads to better outcomes. Bitcoin is hope and economic empowerment for everyone. Every good-faith effort to strengthen the network should be welcomed.

People also thought $MSTR was dead in January of 2024 when the BTC ETF’s launched. “mNAV” fell below 1, “flywheel was broken” Strategy proceeded to go on and acquire 655,256 Bitcoin since then. $8B in capital > $52B in capital. The strategy is refined, leverage is lower, the balance sheet is 6.5x larger, the dividends are being paid, capital machine is working just fine. Excess Bitcoin risk is being pooled and shared in the capital markets, priced in real time, with TRANSPARENT balance sheets & frequent SEC filings. STRC is not a stablecoin, it is a credit instrument. “Depegged” is not a thing, liquidation doesn’t exist, and margin is not calling. The balance sheet is very healthy. Bewilderment will continue, until morale improves.

Retweets are notifications, not endorsements. When I endorse something, I say so. Bitcoin-backed credit instruments compete with fiat and crypto yield products, not with Bitcoin. When capital moves from fiat/crypto collateral into BTC-backed instruments, it strengthens the Bitcoin network.

Or……we could just leave the Middle East & do a Marshall plan-style reconstruction for OUR nation.