Not financial advice. I’d put $100 to buy $QOM into qomx.io/ for whatever may come. Power to the people. Devs building a multichain CEX-DEX with near-zero gas fees. #Usdt from #Ethereum and #BNB

El petróleo se esta colapsando 📉 Como explique en varias oportunidades el precio se dirige probablemente hacia los $70 o $68 x barril. Esto es un reset para el mercado. Ahora el dato importante es el yield de los bonos. Si estos bajan esperando una inflación mas baja los activos pueden subir mas. Aunque el mercado esta en euforia, todavia las condiciones financieras no son restrictivas. Asi que la música seguirá un tiempo mas. Mi enfoque es buscar valor no narrativa. $Bitcoin 🚀

Michael Saylor: The Bitcoin network could increase in value to $100 trillion, 'moving from $70,000 to $700,000 to $7,000,000 per Bitcoin.'

Bitcoin has already won as Digital Capital. The next wave is Digital Credit, Digital Money, Digital Yield, and Bitcoin-backed capital markets — products that can bring trillions of dollars of traditional credit and money market capital onto Bitcoin. My interview with @Cointelegraph at @BTCPrague. 00:57 — Bitcoin in a drawdown: five major pullbacks in six years, stronger fundamentals, and rising dominance 02:23 — Digital Credit: from zero to an $11B asset class in 12 months 03:35 — Digital Money: bitcoin-backed yieldcoins and the path from 40 vol to 0 vol 04:31 — The opportunity for 8% yield in dollars, euros, yen, pounds, and francs 06:02 — $300T of credit, $30–50T of money markets, and the $10T opportunity for Bitcoin 07:19 — Why Bitcoin is winning economically, technically, and ethically 08:26 — Quantum computing, FUD, and why bear markets amplify Bitcoin debates 10:37 — AI capital rotation, Bitcoin’s current drawdown, and the path to recovery 11:36 — Six years of Strategy: why I would have moved faster into Digital Credit 12:22 — The ideal Bitcoin Treasury Company: common equity plus STRC-style Digital Credit 14:35 — The 32 BTC sale, the $100M bitcoin buyback, and why capital must back credit 17:02 — Defending the equity, credit, and bitcoin-backed capital structure 19:03 — The tradeoff: buy 200,000 BTC and sell 10,000 BTC — or buy and sell zero 20:15 — “Never sell,” Twitter trolls, and Strategy’s fiduciary obligations 22:06 — Bitcoin per share, long-term accretion, and accumulating through bull and bear markets 22:34 — $21B of equity raised in 16 weeks and ~$10B of bitcoin acquired this year 24:18 — The Strategic Bitcoin Reserve, US leadership, and supportive regulation 27:18 — Digital Credit, bank credit, and Digital Money bringing trillions onto Bitcoin 28:01 — Why Bitcoin can grow organically without central bank support

Michael @Saylor believes Bitcoin can 500x. The more interesting question is how. At @BTCPrague, we discuss whether Bitcoin’s path forward is driven primarily by adoption and savings, or by capital flowing in through global credit markets. We also tackle mNAV, concerns around dilution, and Bitcoin per share. TIMESTAMPS: 00:00 Why Michael Saylor calls this the most exciting year in Bitcoin history 2:34 Setting the record straight: why Strategy sold 32 Bitcoin 3:55 How Strategy works like a reserve bank built on Bitcoin 6:58 How the company turns Bitcoin gains into payouts - without the tax hit 9:12 Answering the short sellers 11:40 Why a better credit rating could put Strategy in the S&P 500 13:27 Saylor responds to his critics on X 14:47 The constant balancing act: chasing growth without taking on too much risk 16:22 The balance sheet explained: what the company actually owes 20:56 What “digital credit” really means, in plain terms 24:06 What it really costs to raise money 27:31 The trade-off: more Bitcoin per share vs. more risk 41:07 Why idealism alone won’t get Bitcoin there - but big money can 49:42 The “AI summer” pulling money away and when it flows back to Bitcoin

Bitcoin, Digital Credit, and Digital Money: @saylor is proposing building a full Digital Asset Stack on top of $BTC in existing capital markets. This is what he and @phongle have been doing with $MSTR. Expanding this model would naturally involve banks, corporations and individual holders. All "peers" of different scale in the P2P Network that is $BTC. Nothing that runs contrary to the $BTC ethos. As much as this may aggravate people, this isn't that far off from what Hal Finney himself proposed. The world transacts on top of $BTC, with fewer individual $BTC settled transactions because: "Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain." Think of a layered architecture that transforms BTC's natural volatility profile into a spectrum of tailored financial products that serve every type of investor and use case. The TL/DR is that BTC remains the unchanging base layer while trad-fi creates the layers on top of it (the "rails").

Digital Money should be stable, liquid, digital, and yield-bearing. Bitcoin-backed credit makes that possible. The next wave is not just stablecoins — it is stable-value money with yield, built on Bitcoin. $BTC

Measured over their first 10 months, $IBIT and $STRC are two of the fastest-growing financial products in history. Both are built on Bitcoin.

₿uild them a product they’re allowed to buy. Bitcoin Capitalism — in 2 minutes.

Read this great thread to complement my post today, highly recommended 👇

La actividad especulativa en bitcoin:native esta en mínimos históricos. Cuando las cohortes de corto plazo se contraen a estos mínimos, significa que el dinero especulativo se retiró y las monedas están concentradas en manos de largo plazo. Las manos fuertes tienen el control, las débiles ya vendieron. Eso es estructuralmente lo que se ve en los fondos. Esto no significa una vuelta violenta del precio de Bitcoin. Lo que nos dice es que la estructura del mercado esta sanando.

BENCHMARK: METAPLANET COULD BECOME 🇯🇵 JAPAN’S BITCOIN YIELD GIANT Benchmark Equity Research says Metaplanet’s planned acquisition of Siiibo Securities could be the first major step toward building a Bitcoin-centric financial ecosystem in Japan. The deal would give Metaplanet a Type I securities license, allowing it to manufacture, distribute, broker, and underwrite financial products. More importantly, it could enable the company to bring Bitcoin-backed yield products directly to Japanese households. Just days before the acquisition announcement, Japan’s lower house passed legislation that would move crypto under the country’s Financial Instruments and Exchange Act, treating Bitcoin more like a regulated investment product than a payment tool. Benchmark argues this combination creates a unique opportunity: • Launch Bitcoin yield products for retail investors • Potentially issue Bitcoin-backed bonds • Capture a portion of Japan’s estimated ¥57 trillion ($390B ) in idle household cash • Manage and underwrite Bitcoin treasury strategies for corporations The firm believes Metaplanet is effectively buying years of regulatory infrastructure instead of building it from scratch. Despite cutting its price target from ¥1,100 to ¥405 due to recent share price declines, Benchmark maintained its Buy rating, calling the Siiibo acquisition an “inflection point” in Metaplanet’s long-term strategy. Metaplanet currently holds 40,177 BTC, making it one of the largest publicly traded corporate Bitcoin holders in the world. If successful, the company may evolve from a leveraged Bitcoin proxy into Japan’s first full-scale Bitcoin financial services platform.

When the Clarity Act becomes law, for the first time, there will be a consumer-friendly disclosure framework for digital assets. Not retrofitted from 1933. Built for 2026 and beyond.

Japan Moves to Regulate Crypto Like Stocks in Market Growth Push - Bloomberg

Being an investor requires patience and the ability to block out the noise and see the future with clarity. #Metaplanet $MPJPY $MTPLF

Bitcoin ha realizado mas de 1 Trillón de dólares en riqueza colectiva. 🤑 Este es un dato espectacular: desde su creación no solo "creó un Trillón en riqueza colectiva" la repartió Y retiene otro $1.3 Trillones vivo en la red. Y el dato que lo corona: el MVRV está cerca de 1.0, lo que significa que BTC retiene toda esa riqueza sin estar sobrevaluado hoy. Es acumulador de capital que no está caro. Todo esto siendo altamente líquido se negoció 24/7 en un mercado tan profundo que absorbió $1 Trillón de ventas sin dejar de apreciarse. Eso es exactamente lo que distingue a BTC de activos ilíquidos: creó riqueza a escala de Trillones manteniéndose disponible para entrar y salir en cualquier momento, para cualquier tamaño de inversor. 📊 Datos y operativa desde Quantfury : quantfury.com/david/

With Pending Acquisition of Siiibo Securities, Metaplanet Poised to Bring Bitcoin Yield to Japanese Households; Would Represent First Step in Plan to Create of Bitcoin-Centric Ecosystem in Japan - Benchmark Equity Research

Bitcoin Capitalism — my keynote from @BTCPrague 2026. Digital Capital is the foundation for Digital Credit, Digital Money, Digital Yield, Digital Equity, and a universe of Bitcoin-backed products and services. Timestamps: 01:37 - The Four Bitcoin Ideologies and the case for Bitcoin Capitalism 03:29 - Bitcoin as Digital Capital: thousand-year capital with a half-life of infinity 06:12 - Bitcoin network snapshot and ~68% dominance 07:41 - What is money? The Austrian view, the conventional investor view, and “Bitcoin is money, everything else is credit” 09:21 - Digital Money and Digital Credit: bitcoin-backed products for fiat-facing investors 11:28 - Digital Credit: an ~$11–12B asset class that was zero 12 months ago 14:54 - Bitcoin’s opportunity: $1T of bitcoin vs. $1,000T of global capital 15:43 - The 10-dimensional model for reaching stranded capital 16:44 - 1) Asset types: commodities, equities, credit, derivatives, real estate, money, and tokens 18:07 - 2) Capital functions: store of value, appreciation, income, collateral, and payments 19:29 - 3) Custody: self-custody, banks, custodians, broker-dealers, prime brokers, and exchanges 20:34 - 4) Jurisdictions: 664,000 legal and regulatory environments for capital 22:03 - 5) Distribution networks: banks, exchanges, payment networks, and $156T controlled by wealth advisors 23:13 - 6) Account forms: retirement accounts, brokerage accounts, insurance policies, treasuries, and trusts 24:51 - 7) Risk: market, currency, duration, regulatory, credit, technical, security, theft, and counterparty risk 26:03 - 8) Liquidity: transforming $350T of illiquid capital with liquid digital assets 28:02 - 9) Investors: banks control ~$200T and need compliant bitcoin-backed products 30:09 - 10) Product characteristics: fixed rate, floating rate, leverage, callability, fees, and structure 30:45 - The 10x10 matrix for channeling global capital into Bitcoin 31:19 - How $10–20T of capital could expand Bitcoin into a $100T network, moving from $70K to $700K to $7M per bitcoin 32:10 - Bitcoin Capitalism as a Darwinian market: winners, challengers, failures, and 1,400 companies tracked by Strategy 34:53 - Existing bitcoin-backed products: @Trezor, @Unchained, @Fidelity, @Fold_app, @Tando_me, @Relai_app, @CashApp, @HodlHodl, @AnchorWatch, @Meanwhile, $IBIT, $STRC, and $MSTR 40:03 - Digital Capital, Digital Credit, Digital Money, and Digital Yield competing with traditional capital markets 41:03 - Digital Money and Digital Yield: better stablecoins and higher-yield bitcoin-backed products 47:27 - 3 ways to participate: savers, investors, and innovators 49:19 - The aluminum airplane analogy: people buy the product, not the commodity underneath 52:29 - Build a ₿ridge to connect $BTC to the global capital markets 53:42 - 10,000 products, 10,000 needs, and 100,000 corporate efforts to change the world

MSTR is trading at a 1.34x true CEBE mNAV and they can continually raise hundreds of millions of dollars every week. They took 1,587 Bitcoin into the coffers, and added $100 million to the reserve by capturing only 1.9% of MSTR’s weekly dollar trading volume. Yes, this is after a 50% Bitcoin price correction. The screechings of the bears and the haters and the losers have zero reflection of reality. The machine will not be stopped.

Michael Saylor says if America buys Bitcoin, its allies and enemies will have to "buy it back at $10 million, $20 million, or $50 million a coin." "This is the modern digital gold rush."

🔥STRATEGY BUYS 1,587 BITCOIN AND ADDS $100 MILLION TO THE USD CASH RESERVE🔥 Strategy's capital markets activity last week was ACCRETIVE to MSTR shareholders. They issued 1,732,553 MSTR shares and raised $209M. They bought 1,587 BTC for $100M and increased the USD Reserve by roughly $100M. That means the common residual got two things: 1,587 BTC and about 1,559 BTC-equivalent cash at $64,126 BTC That is roughly 3,146 BTC-equivalent added to the common residual. Did the new shares bring in more residual BTC-equivalent value per share than existing shareholders already had? Yes. After the transaction: Net senior claims in BTC: ($22.2B - $1.1B) / $64,126 = 329,040 BTC Common Equity BTC: 846,842 - 329,040 = 517,802 BTC CEBE: 517,802 / 356.320M basic shares = 145,319 sats/share Before the transaction, CEBE was roughly 145,142 sats/share. Verdict: 145,142 → 145,319 sats/share That is 177 sats/share, or about 0.12% accretive. BTC-only looked dilutive. BTC cash was accretive. That is why CEBE matters. Common equity holders do not merely have exposure to the newly purchased Bitcoin line item. They own the residual economic exposure to the balance sheet after senior claims. BTC matters. Cash matters. Debt matters. Preferreds matter. Share count matters. CEBE captures all of it: