Follow for Bitcoin & capital markets insights. CEO of The Bitcoin Bond Company, Steward of @CatholicBitcoin, host of the @BitcoinForCorps Show, Board @Strive

Austin, TX
Joined December 2021
This afternoon I testified at the Texas Senate Committee on Business and Commerce hearing in favor of SB 21, to establish a Texas Strategic Bitcoin Reserve. Thank you @DrSchwertner for introducing the bill, @LtGovTX for making it a legislative priority, and @DonnaCampbellTX for asking great questions about Bitcoin custody and security.
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Pierre Rochard retweeted
SATS vs. SATA - What's the Difference? If you are interested in the differences between $SATS and $SATA, you're in luck! Today I want to explain why Strive offers two preferred equities with fundamentally different objectives:
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Pierre Rochard retweeted
Preferred holders want stability. Common shareholders still need a reason to own the equity. @Werkman says Strive got credit investors comfortable with a 60-70% amplification target while preserving the value proposition of the common stock. “There’s a balance that needs to be struck.” $ASST $SATA $SATS
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Pierre Rochard retweeted
Replying to @TheNancyRoc
International law isn't real unless you can enforce, if the US isn't stopping El Salvador then there is no international law at play. Ya'll live in a weird pretend world.
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Pierre Rochard retweeted
Counterpoint: it sure as hell can.
🇭🇹🇸🇻 À ceux qui pensent que Nayib Bukele peut intervenir militairement en Haïti à la suite de la «disparition » des quatre militaires salvadoriens, je tiens à rappeler ceci : La volonté légitime du président salvadorien de sauver ses quatre militaires ne saurait justifier une intervention militaire unilatérale en Haïti, en violation de sa souveraineté nationale. La lutte contre les gangs ne saurait devenir un prétexte pour contourner le droit international. Toute opération militaire doit s’inscrire dans un cadre juridique clairement établi, conformément au mandat de la Force de répression des gangs (FRG) et aux dispositions de la Charte des Nations unies. La gravité de la situation sécuritaire en Haïti ne suspend ni le droit international ni la souveraineté du pays. Nancy Roc #Haiti #Salvador #Souveraineté #InterventionMilitaire
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Pierre Rochard retweeted
AN UNMITIGATED DISASTER IN FRANCE FRENCH BOND CRISIS ACCELERATES GOOD MORNING, COUNT YOUR BLESSINGS
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Pierre Rochard retweeted
France: Violence and rioting, tied to ongoing protests, have recently occurred in France and may continue. The French government has indicated they will take steps to curb "illegitimate" protests, while those organized by groups such as trade unions would be allowed to proceed. Given the heightened concerns, avoid demonstrations and areas of unrest. Stay away from areas with large crowds or significant police activity. Numerous groups submitted plans for protests on Saturday, October 24. Americans in Paris for the NFL game on Sunday, October 25 should also exercise caution and be aware of their surroundings. While permits may be filed for demonstration routes, last-minute changes can happen and protests can occur outside planned routes. Recent demonstrations were violent and involved heavy property destruction, uncontrolled looting, and attacks on police. Police responded with crowd control methods including tear gas. In Orléans, media report significant marches and protests planned for Saturday, October 24, and Sunday, October 25. Curfews in parts of France, including some neighborhoods in Paris and the vicinity, might continue. Curfew decisions are made locally, can be implemented with short notice, and restrict gatherings and free movement to some public landmarks. More at fr.usembassy.gov/security-al…
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Pierre Rochard retweeted
$SATA’s $100 issuance floor protects investors, but it can also close the door on new issuance. @PunterJeff says a fixed-rate instrument gives Strive $ASST another way to access credit markets when SATA is below par. “It gives significant optionality on when we can be utilizing that instrument to raise capital.”
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Pierre Rochard retweeted
Formal verification, fuzz testing, LLM scanning. With skilled operators. Secure all the things.
formally verifiable software is probably the only way out
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Pierre Rochard retweeted
“The additional value attached to an asset's usefulness as money is its monetary premium. That is what Bitcoin competes for. It does not need to replace the apartment. It needs to become a better place to hold the savings that helped make the apartment so expensive.”@RaphaZagury
The Universe speaks Probability and settles in Energy. Bitcoin is one of the few things humans have built that works the same way. science.nasa.gov/mission/voy…
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Pierre Rochard retweeted
JUST IN: Strive $ASST CEO Matt Cole just said their new preferred stock $SATS is "already on a very high growth trajectory." "The liquidity of $SATS is really high. Yesterday it traded about $70 million, making it the 2nd most liquid preferred equity in the U.S." 🔥🚀
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Pierre Rochard retweeted
The mentality that's got Haitians angrier at Bukele for wanting to rescue his citizens than at the gang members who kidnapped them in the first place is the reason Haiti is the way it is and will probably stay that way.
I have no words that aren't going to get me eviscerated off this app
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Pierre Rochard retweeted
An update to Bitcoin Core's security policy via @darosior on the Bitcoin-Dev mailing list
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Pierre Rochard retweeted

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Bukele saves France.
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Pierre Rochard retweeted
This is good.
Lots of VCs kindof sound like this: "Your basketball team doesn't have a moat, any healthy human can throw the ball into the basket thingy. " People who have not run companies before don't understand how much the team matters more than some imagined structural moat.
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Pierre Rochard retweeted
Cicero said, “The safety of the people shall be the highest law.” A government reveals how much it values its citizens' lives by the price it makes others pay for threatening them What an extraordinary gift Bukele has given his people; the confidence that their lives are worth defending, wherever in the world they may be
Pou chèf gang yo ak manm gang yo k ap kenbe kat konpatriyòt nou yo an otaj ann Ayiti: Mesye nou kidnape yo pa konbatan. Yo se teknisyen nan domèn avyasyon ki fè pati misyon nou ann Ayiti, nan kad yon misyon entènasyonal. Misyon nou an gen sèlman pilòt ak pèsonèl teknik, ki gen kòm travay prensipal fè evakyasyon medikal epi sove lavi moun, pa fè lagè. Men, nou te kidnape yo yon fason lach pandan yo t ap retounen apre yo te fin achte manje nan yon makèt nan zòn nan. Se poutèt sa, jodi a nou te lanse yon operasyon militè pou pote yo sekou. Nou gen yon sèl objektif: fè kat konpatriyòt nou yo retounen lakay yo vivan, san okenn mal. Men, mwen vle pou nou menm, chèf gang yo, konprann yon bagay byen klè: atak jodi a pa anyen devan sa k ap vini si nou pa remèt toule kat otaj yo vivan. Epi pa pran pawòl nou yo pou menas san fondman. Nou deja fini ak gang yo nan El Salvador, e nou kapab fini ak nou tou. Nou toujou gen tan pou evite sa. Remèt nou kat konpatriyòt nou yo vivan, san okenn mal, epi tout bagay ap retounen jan sa te ye anvan kidnaping lan. Desizyon an nan men nou.
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A new source of BTC demand is emerging. BTC-focused perpetual preferred stocks have accumulated more than 135,000 BTC in just over a year, despite representing only a fraction of the global fixed income market. What could happen if adoption expands? 🔗 Read our latest research: go.fidelity.com/ernlPz
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Pierre Rochard retweeted
Strive upsized $SATS while CCC credit spreads were blowing out. @PunterJeff says the deal drew roughly $700M of demand for $500M issued. “They know exactly what we’re going to do with it when we get that money in the door.”
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The offering got bigger, and some investors still got less than they asked for. @Werkman says those allocation cuts showed just how deep the order book was. “We ended up with a very, very full book... and a lot of them had to get cut back on what we could actually offer to them.” $ASST $SATS
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Pierre Rochard retweeted
Why hold 18 months of dividend cash? @PunterJeff says Strive $ASST underwrites for the longest $BTC bear market in history with zero access to capital markets. The recent downturn was different. Strive maintained access throughout. “We are taking a very conservative approach.”
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