Yes - the FIC will reprice strategic digital assets in due course, that will be the end of the discount.

People - nobody is “buying” assets the government (FIC) is buying assets with freshly printed liquidity. Its called balance sheet expansion. The government first fills their coffers, then the banks get their share to lend to you. Retail is way down the line. All strategic dollar priced assets and commodities are being inflated by the government its called “asset stripping” and is the beginning of financial repression. They repriced gold, silver, oil (difficult but should be $250) and are repricing strategic stock (AI energy etc) putting it out of the reach of retail before stimulus. This is how the system works. Accumulate, reprice. Markets are fictional. The narratives are spun to get gamblers to bet and get liquidated. The prices are completely manipulated. All you see is analysts and experts saying “why is the market going up?” Thats why. If you dont buy assets now or have in the last decade you will not be part of the great expansion coming soon. Any custodial asset will be repressed. Only self custodial assets will be self sovereign and fully accessible. Expect $70 trillion of new liquidity - Yellen already told you before she was removed. In crypto they are capitulating you and based on the timeline its working. If you expect to get rich quickly you will get poor quickly. Invest with conviction - follow the money not the narratives.

I bought 5 shares of $STRC to learn about it. I fully expect STRC to underperform Bitcoin price appreciation over the next 12+ months. - that doesn’t make it bad. However, in my current life stage, I don’t see a need for STRC and can stomach the volatility of BTC.

Strategy Just Bought Back $1.5 Billion of Its Own Debt Using Bitcoin Profits This is what a #Bitcoin treasury strategy looks like when it actually works. #Strategy just repurchased $1.5 billion worth of convertible notes that weren't due until 2029. They paid $1.4 billion for debt worth $1.5 billion face value. That's a $100 million gain right there. The company has been buying Bitcoin aggressively and now they're using those gains to clean up their balance sheet early. Most companies issue debt and pray they can pay it back later. Strategy is retiring debt five years early because their Bitcoin bet paid off. This is Michael Saylor's playbook in action. Cheap debt, buy Bitcoin, use profits to strengthen the company. The convertible notes had a 0.8% interest rate, which is basically free money. But Strategy decided they'd rather own their balance sheet outright than wait until 2029.

Metaplanet issuing their prefs to buy only 200 BTC/day would be absolutely psychotic. I ran the CEBE math on this scenario (no common stock issuance or crazy mNAV expansion, and only 1,400 Bitcoin per week) Starting point: 40,177 BTC 0.97x EV mNAV $297M debt $149M preferred 2,463 raw sats per diluted share ~2,157 CEBE sats/share after senior claims Now imagine Metaplanet buys 200 BTC/day for 3 years using preferred equity only. No common issuance. That adds 219,200 BTC. Total stack becomes 259,377 BTC Yes, a quarter-million Bitcoin treasury built by feeding yield addicts into the preferred equity wood chipper. At 0.97x CEBE NAV, projected Metaplanet share price: Year 1: BTC to $100k: $1.97 BTC to $150k: $2.73 BTC to $200k: $3.49 BTC to $300k: $5.00 BTC to $500k: $8.04 Year 2: BTC to $100k: $2.62 BTC to $150k: $4.86 BTC to $200k: $7.11 BTC to $300k: $11.60 BTC to $500k: $20.59 Year 3: BTC at $100k: $3.58, +73% BTC at $150k: $8.03, +288% BTC at $200k: $12.49, +503% BTC at $300k: $21.39, +934% BTC at $500k: $39.21, +1,794% The bear case is literally “what if Bitcoin only goes to $100k and Metaplanet only goes up 73%.” Horrifying stuff. At $300k BTC, common equity CEBE rises to ~7,351 sats/share even after the preferred claims. At $500k BTC, it hits ~8,084 sats/share. Preferred investors get their yield. Metaplanet gets Bitcoin. Bitcoin goes up. The dollar senior claim shrinks in BTC terms. Common equity eats the residual like a starving rat behind a Tokyo 7-Eleven. Remember, this is with ZERO common shares issued or mNAV expansion. BULLISH ON THE JAPANESE HOTEL COMPANY: :::

Do you really NOT understand the growth potential of Strive ($ASST)? OKAY, let me drop you some knowledge. The daily dividends for SATA are not even here yet, and 9 days before the ex. div date, Strive bought an estimated 225 Bitcoin yesterday if they ATM'd $17.84 million out of the $53.3 million of daily volume. So with SATA still in its infancy, don't you think them buying 100 Bitcoin PER BUSINESS DAY is TOTALLY in the cards? I definitely do, and if you don't think so, cool. I think you're wrong. So let's go with 100 Bitcoin acquired per day. Less than HALF of what they just got on Friday. I ran the math on SATA alone, no ASST issuance either, just the preferred goblin vacuum buying 100 BTC per business day for 3 years starting June 15. Starting point balance sheet: 15,009 BTC 13,896 CEBE sats/share (common equity exposure) 0 debt (baller) preferred stack already at $495.95M After 3 years, SATA alone would push Strive to: 124,609 BTC That is where it gets demonic. But you must remember... the SATA issuance is adding a PREFERRED CLAIM on the balance sheet! You need Bitcoin to go up to experience the AMPLIFICATION if you are an ASST shareholder. SATA's claims add drag to the balance sheet. Bitcoin going up compresses the drag, and as an ASST shareholder you get OWNERSHIP ACCELERATION. You begin to OWN MORE of the balance sheet as the value of Bitcoin increases because the preferred claim, remember, is staying FIXED. Bitcoin compounds, the fixed claim does not. This is the INHERENT BEAUTY of the DIGITAL CREDIT MODEL. Using a 1.35x CEBE NAV multiple, projected ASST share prices look like this by buying 100 Bitcoin per business day for 3 years, at a variety of different Bitcoin price scenarios. Year 1 BTC path to $100k = $18.97 BTC path to $150k = $28.83 BTC path to $200k = $38.69 BTC path to $300k = $58.41 BTC path to $500k = $97.85 Year 2 BTC at $100k = $27.99 BTC at $150k = $58.60 BTC at $200k = $89.22 BTC at $300k = $150.44 BTC at $500k = $272.89 Year 3 BTC at $100k = $41.70 BTC at $150k = $103.85 BTC at $200k = $165.99 BTC at $300k = $290.28 BTC at $500k = $538.85 That is roughly: +148% in the $100k case +518% in the $150k case +889% in the $200k case +1,629% in the $300k case +3,109% in the $500k case And before some tourist says “but the preferred is senior,” yes genius, that’s the whole point. Even after senior claims, year 3 CEBE still climbs to: 30,890 sats/share at $100k BTC 51,282 sats/share at $150k 61,477 sats/share at $200k 71,673 sats/share at $300k 79,829 sats/share at $500k Boomers come for the daily yield. Strive turns their retirement dopamine into a Bitcoin artillery barrage. ASST common becomes the smoking residual claim on the crater. SATA is a nursing-home carry trade that accidentally wandered into hyperbitcoinization:

$MSTR vs other alt-btctcs is the same as BTC vs ETH. Should you scold Bitcoin maxis telling crypto plebs to sell shitcoins into BTC? Now I am being scolded for telling people to sell their alt-btctcs into MSTR. Later, you all will be MSTR maxis, but you pay the price.

🤔 Strategy has acquired $1.5 billion in convertible bonds maturing in 2029, likely funded by proceeds from Bitcoin sales.