Jedi Master

The Kardashev Scale [🎞️ life_laps_official]

Check out TopDividendETFs.com The ONLY accurate dividend investing tool that allow you to sort by: NO PRICE DECAY ⛔️📉

It’s this simple: Strategy’s business model is to sell you Bitcoin’s CAGR. They do this not by selling Bitcoin, but by holding Bitcoin indefinitely and selling it to you via the common stock $MSTR. The preferred stocks are purely an additional investment vehicle like a company selling debt that is then used to pay for their business expenses and operation. They sell the debt to the market and convert the proceeds to more Bitcoin that is then sold to the market via the common stock. You can talk all about the liabilities and who’s paying who but it doesn’t matter. The product is Bitcoin’s CAGR sold to you via the common stock. This is entirely different than every other business model that exists or has existed before. There is no need for “cash flow” or “holding cash to pay the liabilities in the future”. They cover the liabilities by selling the ATM instantly in the market If you don’t agree with this or want to have a mental breakdown over the operation then don’t buy the stock This is a disagreement between what the product is being sold to the market. Are we selling the machinery (Bitcoin) to fund liabilities or are we selling the output of the machinery ($MSTR common stock) This is fiat framing vs Bitcoin framing Nothing more nothing less

$MSTR is indeed misunderstood and undervalued. And, with respect, the messaging yesterday from @Strategy @saylor and Phong Le did not help. There is a major distinction between FASB gains and BTC $ Gain, which was not properly explained last night or in the quarterly slide deck. The new FASB rules treat gains/losses on BTC as income. But this phantom FASB income is no different for MSTR than it is for $IBIT or the other BTC ETFs. Everyone rightfully understands that holding companies like IBIT should trade at exactly 1X mNAV. FASB gains do not warrant a multiple for MSTR anymore than they do for IBIT, and they don't. This should not be controversial. MSTR said the same thing yesterday. In the slide copied here, MSTR correctly explains how BTCTCs should be valued: BTCTC Value = BTC NAV + (BTC $ Gain * Multiple) FASB "income" is included in BTC NAV. So, MSTR correctly acknowledged that the phantom FASB income should not get valued at a multiple. MSTR went on to correctly use S&P P/E ratios as the means of determining the fair multiple. All good so far, but this is where it goes off the rails. Instead of using BTC $ Gain as net income to calculate the EPS used to determine the P/E ratio, MSTR confusingly and contradictorily used the phantom FASB income. This is not an insignificant distinction. This is one of the most crucial pieces to MSTR valuation and it must not be conflated like this. MSTR must make it clear that for BTCTCs: 1. BTC $ Gain is equivalent to Net Income 2. BTC $ Gain/share is equivalent to EPS P/E ratios for BTCTCs can only be computed that way - otherwise they are meaningless. Computing them based on phantom FASB income as MSTR did yesterday means that IBIT should also trade at a multiple, and we know that is wrong. To be clear, this constructive criticism is exclusively related to the messaging on valuation. Operationally, MSTR's Q2 was phenomenal. I am more bullish on MSTR now than ever. But when the divergence between fair value and market value is so great, the messaging on this critical issue must be crystal clear. I am open to debating counterarguments. Please convince me I'm wrong; otherwise I will be stuck belaboring this point until it is widely understood. @BitStrategy21, @ryQuant, @PunterJeff, @_adrian, @werkman, @JoshMandell6 @adam3us, @hillery_dan I would greatly appreciate your input on this and if you agree with me, your help in spreading this message.

"Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me." John 14:6

約1年前、私は以下の投稿を共有しました。当時、私たちが保有していたビットコインはわずか246BTC。株価はわずか6営業日で、¥300から¥89へと70％も下落しました。 あれから、私たちのビットコイン保有量は66倍に増加しました。社内体制も、これまで以上に賢く、強く、そして効率的に進化しています。 私たちは今もここにいます。歩みを止めることなく、15か月前に掲げた戦略を着実に実行し、すべてのマイルストーンを達成してきました。 皆さまからのメッセージは届いています。不安や懸念の声も、しっかりと受け止めています。そして、私たちはどこにも逃げません。 「1%クラブ」への道のりは、今後も上下に大きく揺れることでしょう。それでもなお、私たちのビジョンを信じ、支えてくださる皆さまに、心より感謝申し上げます。

EL SALVADOR PRESIDENT BUKELE GIVING THE BEST #BITCOIN INVESTMENT ADVICE IN HISTORY HE'S RIGHT 🚀

BITCOIN IS UP $100,000 SINCE PETER ZEIHAN SAID BITCOIN WOULD TRADE BELOW ZERO IN 2023! 🤣 ☠️

The halls of eternity echo with the cries of those who sold their Bitcoin.

Unpopular opinion: As I get older, all this looks disgusting