Bitcoin Micropig
@BitcoinMicropig
A C C E L E R A T E
The pool of capital demonstrating the highest demand for BTC exposure is money market funds, short-term T-bills, commercial paper, and USD bank accounts. Short duration capital with low/no lockup that has been yield-starved in real terms for decades. $32.9 trillion TAM.
The Preferred offering with the shortest effective duration looks to have had the largest initial IPO. Extremely valuable datapoint.
STEAK 'N SHAKE COO SAYS "#BITCOIN IS FASTER THAN CREDIT CARDS. WE ARE SAVING 50% IN PROCESSING FEES." "WE ARE SEEING A SPIKE IN GROWTH AFTER ACCEPTING BITCOIN" 🚀
So will $GME sell their treasuries and buy $STRC ? Double their revs?
Precisely And if people actually wanted to have the “leverage” convo then they wouldn’t be going on CNBC saying why they own $F and $GM which both have a debt position that is a multiple of their market cap $MSTR doesn’t have “leverage” it has future equity obligations.
This whole notion of $MSTR having "debt" is starting to not make sense. All of the converts are future equity, and "kid analysts" bake that into our numbers by using the fully diluted ADSO number. Strategy sells the converts (contracts for future equity) at a rounding error of…
WARNING: World debt has now officially crossed $300 trillion And still continues to climb aggressively This is not looking good…
Companies better figure out how to defend their mNAV or the shorts will “eat their lunch”
BREAKING: BITCOIN TREASURY COMPANY METRICS NOW LIVE! For the first time ever, track granular analytics on Bitcoin Treasury Companies. Only at Capriole Charts. Alpha inside. The last charts are insane. 🧵
Really opens quite an interesting investment strategy, since Ethereum is not a security then ethereum holders have no legal rights (correct me if I'm wrong here). You could reorg the chain, slash other users, screw up all assets and L2s issued on top eth... legally pillage.
Correct me if I'm wrong but... If enough eth validators were owned by public ethereum treasury companies (~20% of total eth supply), you could 51% attack the public equities (ie take majority control, many ways to achieve that via capital markets)- and you'd have governance…
5 of Tuesday’s best charts and insights: dailychartbook.com/p/dc-lite-404
People blaming "management" for the (medium term) failure of UK BTCTCs are picking on the wrong people. The blame here lies with capital allocators in the City of London who are starving BTCTCs of funding. London is Fiat Central.
JUST IN: $3 BILLION ADAM BACK #BITCOIN COMPANY BSTR SAYS IT WILL HOLD OVER 50,000 BTC SOON THIS IS GETTING WILD 🔥
"We are building out the yield curve." -Saylor $MSTR That's the big idea.
Strategy is offering $STRC (“Stretch”), a new Perpetual Preferred Stock via IPO, to select investors. $MSTR
People out here calling tops when the buys haven’t even started yet for any of the big launches 😂
GM! KindlyMD and Nakamoto are pleased to announce that we have filed the definitive information statement with the SEC, following the conclusion of SEC review. We expect the transaction to close Aug. 11 at the earliest (1/3)
TLDR: You can exchange Bitcoin for $ASST shares without current taxation. Space in the 351 exchange is limited. Learn more by reading the full post from our VP of Bitcoin Strategy 👇
Strive is now accepting interest in an exchange of Bitcoin for $ASST shares from accredited investors via a one-time Internal Revenue Code Section 351 exchange DEADLINE: 2PM ET on 8/1/25. 11 days to quantify FOMO What does this mean & how do I participate? See 🧵 below
It's been 4 months since Trump signed the US Strategic Bitcoin Reserve Executive Order.
GM! KindlyMD and Nakamoto are pleased to announce that we have filed the definitive information statement with the SEC, following the conclusion of SEC review. We expect the transaction to close Aug. 11 at the earliest (1/3)
Strive is now accepting interest in an exchange of Bitcoin for $ASST shares from accredited investors via a one-time Internal Revenue Code Section 351 exchange DEADLINE: 2PM ET on 8/1/25. 11 days to quantify FOMO What does this mean & how do I participate? See 🧵 below
LQWD recent improvement in P/BYD looking juicy 👀
Updated P/BYD (in days) chart for favorite Bitcoin Treasury Companies following US market close today. Standardized Bitcoin yield period across companies and included for yield based on (1) since May 31, (2) since June 30, and (3) since July 14. Lower bars correspond to a…
~97% of institutional capital couldn't buy bitcoin, until bitcoin treasury companies. Now the waterfall is open and flowing into bitcoin.