MicroStrategy Announces Pricing of Strike Preferred Stock Offering (STRK)

Press Release  â€¢  January 31, 2025

***

TYSONS CORNER, Va.—(BUSINESS WIRE)—January 31, 2025—MicroStrategy^® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced the pricing of its offering on January 30, 2025 of 7,300,000 shares of 8.00% Series A Perpetual Strike Preferred Stock (the “perpetual strike preferred stock”), at a public offering price of $80.00 per share. The issuance and sale of the perpetual strike preferred stock are scheduled to settle on February 5, 2025, subject to customary closing conditions.

MicroStrategy estimates that the net proceeds to it from the offering will be approximately $563.4 million, after deducting the underwriting discounts and commissions and MicroStrategy’s estimated offering expenses. MicroStrategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital.

The perpetual strike preferred stock will have a liquidation preference of $100 per share and will accumulate cumulative dividends at a fixed rate of 8.00% per annum. Regular dividends on the perpetual strike preferred stock will be payable when, as and if declared by MicroStrategy’s board of directors, out of funds legally available for their payment to the extent paid in cash, quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, beginning on March 31, 2025. Declared regular dividends on the perpetual strike preferred stock will be payable, at MicroStrategy’s election, in cash, shares of its class A common stock or a combination of cash and shares of its class A common stock, in the manner, and subject to the provisions, described in the prospectus supplement for the offering.

Holders of the perpetual strike preferred stock will have the right to convert their shares of perpetual strike preferred stock on any business day (subject to certain limitations) into shares of MicroStrategy’s class A common stock (together, if applicable, with cash in lieu of any fractional share of class A common stock) at the then-applicable conversion rate. The initial conversion rate is 0.1000 shares of MicroStrategy’s class A common stock per share of perpetual strike preferred stock, which represents an initial conversion price of $1,000.00 per share of MicroStrategy’s class A common stock. The conversion rate and conversion price will be subject to adjustment upon the occurrence of certain events.

MicroStrategy will have the right, at its election, to redeem all, and not less than all, of the perpetual strike preferred stock, at any time, for cash if the total aggregate liquidation preference of all perpetual strike preferred stock then outstanding is less than 25% of the aggregate liquidation preference of the perpetual strike preferred stock issued in the offering. In addition, MicroStrategy will have the right to redeem all, but not less than all, of the perpetual strike preferred stock if certain tax events occur. The redemption price for any perpetual strike preferred stock to be redeemed will be a cash amount equal to the liquidation preference of the perpetual strike preferred stock to be redeemed (or, in the case of a redemption in connection with a tax event, the greater of (1) the liquidation preference of the perpetual strike preferred stock to be redeemed; and (2) the average of the last reported sale prices per share of perpetual strike preferred stock for the five consecutive trading days ending on, and including, the trading day immediately before the date on which MicroStrategy sends the related redemption notice), plus accumulated and unpaid regular dividends to, but excluding, the redemption date.

If an event that constitutes a “fundamental change” under the certificate of designations governing the perpetual strike preferred stock occurs, then, subject to a limited exception, holders of the perpetual strike preferred stock will have the right to require MicroStrategy to repurchase some or all of their shares of perpetual strike preferred stock at a cash repurchase price equal to the liquidation preference of the perpetual strike preferred stock to be repurchased, plus accumulated and unpaid regular dividends, if any, to, but excluding the fundamental change repurchase date.

Barclays, Moelis & Company LLC, BTIG, TD Cowen and Keefe, Bruyette & Woods, A Stifel Company are acting as joint book-running managers for the offering. AmeriVet, Bancroft Capital and The Benchmark Company are acting as co-managers for the offering.

The offering is being made pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission (the “SEC”). The offering will be made only by means of a prospectus supplement and an accompanying prospectus. An electronic copy of the preliminary prospectus supplement (and, when available, the final prospectus supplement), together with the accompanying prospectus, is or will be available on the SEC’s website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement, together with the accompanying prospectus, can be obtained by contacting: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at barclaysprospectus@broadridge.com or telephone at 1-888-603-5847), Moelis & Company LLC, 399 Park Avenue, 4th Floor, New York, New York 10022 or by telephone at (800) 539-9413, BTIG, LLC, 65 East 55th Street, New York, NY 10022, by telephone at (212) 593-7555, TD Securities (USA) LLC, 1 Vanderbilt Avenue, New York, NY 10017, by email at TD.ECM_Prospectus@tdsecurities.com or by telephone at (855) 495-9846 or Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, 4th Floor, New York, NY 10019, Attention: Equity Capital Markets, by telephone at (800) 966-1559 or by email at USCapitalMarkets@kbw.com.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities referred to in this press release, nor will there be any sale of any such securities, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About MicroStrategy Incorporated

MicroStrategy (Nasdaq: MSTR) is the world’s first and largest Bitcoin Treasury Company. We are a publicly traded company that has adopted Bitcoin as our primary treasury reserve asset. By using proceeds from equity and debt financings, as well as cash flows from our operations, we strategically accumulate Bitcoin and advocate for its role as digital capital. Our treasury strategy is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. In addition, we provide industry-leading AI-powered enterprise analytics software, advancing our vision of Intelligence Everywhere. We leverage our development capabilities to explore innovation in Bitcoin applications, integrating analytics expertise with our commitment to digital asset growth. We believe our combination of operational excellence, strategic Bitcoin reserve, and focus on technological innovation positions us as a leader in both the digital asset and enterprise analytics sectors, offering a unique opportunity for long-term value creation.

Perhaps when I first encounter bitcoin I was interested in it because it was the most interesting volatile asset. But if I think about this carte blanche now, maybe then now, MicroStrategy is the new bet, the even more volatile asset?


Fluctuations are critical?

24x vs 8x?

.

MSTR is 3x gain over BTC?

3x more gains?

.

87x,,,, vs 10x, at $1M per bitcoin?

$9,100 a share?

---

Never stop striving for higher peaks!

Peak Finder

Peak Seeker

Seeking something better than Bitcoin?

What’s better than Bitcoin? More bitcoin — MSTR as 2x Bitcoin,,, 2x your Bitcoin balance, reserves?

.

Invest in the world’s first bitcoin company?

Not oil, but standard oil, Rockefeller is what made oil rich!

Not crude oil or crude bitcoin, the refinery?

One rep max philosophy to life

Greater volatility, greater rewards

.

If an idea excites you, pursue it! 

REVUELTO IS COOL

REVUELTO actually insanely cool in real life!

AAH YEAH

One of the best nights of sleep of all time… Eating a pound of beef liver, cooked perfectly medium rare, a bunch of why you ground beef from Costco, 70/30, I think hitting the socket around 7:30 PM, waking up at 7:30 AM, wow, that 12 hours of sleep? Anyways I feel reborn.

January 31, 2025… My 37th birthday! Wow, seeing it in type looks really big. Maybe I’ll be stuck at age 36, or 26, or 16 forever.

Anyways, towards my Zen training, I think a very very simple way to start life is when you wake up first thing in the morning, take your shower your bath whether hot cold or both whatever… And then when you start drinking your morning coffee tea, or maybe both, to just resist the distractions of profits loss, gains or whatever… To essentially have a practice of not exposing yourself to any information in the morning first thing in the morning, whether good or bad. This also includes checking Twitter, any news or social media, your financial accounts, your stock your bitcoin etc. 
If anything, the true ideal way to start the day is with your iPhone totally off, perhaps charging in the living room outside, off. And on top of that, if you need an alarm to wake up, just buy a standalone alarm on Amazon or something, to wake you up.

The worst way to start the day is checking your iPhone for email and notifications text messages etc.… The best mind is a fallow mind, the best mind is an empty mind. 

Why?

My thought is that with an empty mind, anything and everything can come in. With an empty mind, you let the vibrations of your own mind your own life experiences be the stimuli to strike new ideas within you.

Considering that we are all philosophers, yes you too, even Seneca at the age of four, he is already asking me a lot of questions on why things are the way it is in Korean, “weh?” The most beautiful three letter word in the English language! Why?

I think it’s hard because even now… Making it big, I’m starting to even rethink some thoughts about wealth. Practically and metaphorically I retired in 2017, when we are paying $320 a month in rent in Vietnam, and essentially Cindy and I were in a position in which I realize, we would never run out of money. Even though we ate out every single night, we’re at coffee shops all day… Our income even our “passive income”, far outstripped our expenses.

certainly things changed a lot since moving to LA, in which living expenses have gone up by a factor of 10 X, now our rent is $3200 a month, and also the cost of food due to inflation has gone up by at least 2X, beef ribs at Costco are now $5.50 a pound, whereas at the Costco business center even maybe three years ago it was only $1.99!

Anyways, certainly it is difficult to 10 X your income, leverage is difficult. But perhaps if you put your family on a bitcoin standard, you can get there.

Why 10x

My personal thought is let us say that bitcoin is like roughly $100,000 a bitcoin, what that then means is if you think ahead enough, when bitcoin hits $10 million a bitcoin, assuming that you are spartan with your money and not foolish, that means that easily, you could 10 X and 100 X your money from here. 

So let us say that you’re being paid $20 an hour, that means that actually you’re being paid $200 an hour, or better yet, $2000 an hour assuming you know how to save in bitcoin.

I had this thought maybe about three or four years ago, thinking about my friends who worked at Amazon etc., if you took your good tech salary, and just converted all your currency into bitcoin, you would have been able to retire at least five or six lifetime ago.

Now what

So it looks like the great shakedown is starting. But that then means is real life has hit the pan, and moving forward, life will only continue to become more extreme, more of volatile, more crazy.

And I actually had a thought… The reason why we new Spartans, we new Stoics, we new bitcoiners are doing so well is that actually, I think there is almost like kind of a natural selection bias which is happening here;

Those who can tolerate the most volatility, shall thrive the most.

Bitcoin will continue to be volatile, forever. And I think that’s the whole idea; those who cannot tolerate harness or even love volatility, cannot thrive. 

Living in a more extreme volatile world

Let us fast forward a bit, four years from now, 2029, when Trump is out of office. Don’t be shortsighted; no no no, there will not miraculously be some sort of savior liberal Democrat who comes in, “fixes“, or reverses everything. I think time and reality is like a one-way ratchet; when you crank up the volatility of real life and time in one direction, you cannot reverse it. 

For example, no no no, bitcoin will not drop down to $10,000 again. Or $6000, or $1000 or $100 of bitcoin. This is not how physics or thermodynamics works. 

For example, you cannot have water flow upstream, no matter how hard you may believe in it.

Bitcoin is physics

I think the hard thing for people to understand is the reason why bitcoin is such a paradigm shift is that it is the first bridge between the virtual the cyber and the real.

For example the whole notion of proof of work, the whole idea that you actually have to use real life and energy in the real world to produce, create, and mint a bitcoin, or even secure it, is a feature not a bug.

It’s kind of like producing another human life, having a child. The truth of the matter is if you want to birth a child, you need a “proof of work” in the real world, in real reality.

For example, you need a female mother, you need a male sperm, and you need the incubation phase, you cannot rush it, the mother must consume deep nutrition, you must birth the child.

And when the child is born, obviously you must nurse the child, feed the child, raise and care for the child.

You cannot digitally clone a child, or digitally birth a child, which is kind of like the whole idea behind “proof of stake”. 

Even life if you think about it, a human life, the reason it has any worth is that it is finite. Even if you had all the money and power in the world, you cannot as a man live more than probably around 122 years, certainly you cannot live 130, 150, or 1000 years. Even from a philosophical perspective — I don’t even like the idea of living that long.

Even if magically somehow we did invent something that allowed us to live to be 1000 year old, with a 26 year old body and a six pack… I think there’s a certain point in which you would just want to pull the plug. And not have to do it yourself.

Anyways, why is the mind so valuable?

First, I think raising Seneca, has been one of the most valuable and most precious things of all time. And, it has taught me more about philosophy and human nature more so than reading thousands of pages of philosophy.

For example, a simple observation; typically children never have to carry a backpack, a side pouch, anything in their pockets. Or their hands. As a consequence, they’re always running around! A child is never still and this is a good thing.

Also, a practical one; most children assuming that they’re under the age of four, do not carry an iPhone in their front pocket.

Let us see that the downside of having an iPhone or a phone in general is that once you pull it up and use it, typically it stops your movement. If you have an iPhone in your hand and you’re looking at it or working on it or checking something or reading something or listening to something, you’re not also doing a backflip.

As a consequence, a child has the ultimate mind; 100% free, present in the present moment.

If you think about it, what that that means is that a child is actually an ultimate zen master; a child is fully experiencing reality in the present moment, not thinking about the past or the future.

Certainly a child has memories; for example Seneca still remembers our experiences in Hong Kong, and that the 973 bus from Tsim Tsa Tsui (TST) takes us back to our hotel in Sai Ying Pun. And he remembers the colors of the metro lines, the blue one and the red one.

yet he doesn’t really “dwell” on the past. He is fully in the present moment, taking our Amazon boxes, asking me for tape, and creating trains of his own, connecting it to his cart, and training his constructed train all around the house.

Or he will take the expo dry erase marker marker eraser, and fly around the house like an airplane, not thinking of “utility“, or other things like that.

Even when you observe a child playing, climbing structures they’re not thinking about anything else, they’re just enjoying the climb!

How and when and why do adults get corrupted? 

They not like us!

I think one of the things which is the most shocking to me as a father having a firstborn son is that if you think about it… As a man, assuming that you have a child your first child is your son is a boy is a man, the heir to the throne, you should consider yourself blessed 1 trillion X.

Whenever you see families with three girls, no boys, you know what they were shooting for.

So this whole notion of a absentee father to his son is a very very bizarre thing. Once again, to me, even if you could take all the trillions of dollars on the planet, nothing in the whole universe is more valuable than my son. Or my relationship to him.

And this is where I think it is wise to hedge your influences from philosophers thinkers, or even zen monks who have never had a child, they may theoretically understand child’s mind, but until you have actually raised your own child, you shall never know. 

Not only that but until a man has had a son, man shall never know.

Why does this matter?

On the flight from LA to Asia, I finally had the privilege of finishing the Odyssey by Emily Wilson, excellent. In fact I’m starting to read all of her translations, even including the tragedies of Seneca.

One of the biggest ideas is Odysseus, his relationship to his son. Also what’s interesting to me is I just came to discover that actually, even though I had no idea, I guess Achilles also had a son?

Anyways, how then this becomes interesting to be is that in America at least, and in the west, we are trying to think that this whole notion of a nuclear family, husband and wife, at least two kids, white picket fence, etc. But if you think an ancient Greek times, Kings had like 10 to 20 children, I think even one of the funniest stories of Hercules is that he was somehow able to impregnate like 50 daughters of this one king?

Anyways, I say don’t stop trying. If you’re a man, try to birth at least one son. And even if you cannot, that’s OK, most likely your daughters will one day birth a son and you’re fine. A grandson having a grandson is like the same as having a son. 

Goals

So then, proceeding in our life, what is our goals?

First, certainly philosophy is a noble goal. To spend your life pioneering thoughts, ideas concepts etc., that will benefit you your wife your kids, the future of the human race is a noble impetus to life.

Even now that I think about it, I feel like I have lived at least 10 lifetimes, and I am so grateful.

In moving forward, certainly everything in life is an ululation, and that is great!

Some current thoughts:

1. How to inject more of volatility in your life, assuming that the more volatility you have in your life, the “more” better your life.
2. What is better, to have $1 million of bitcoin, or $1 million of micro strategy stock?
3. New thoughts on fitness exercise weightlifting, etc.?
4. New modes of living thinking and being? The dynamic range of living in the states versus abroad in Asia?

Ignore politics

Simple thoughts: never read the news, the only thing that you should interrogate is bitcoin, Michael Saylor and MicroStrategy news. Because the only news which should concern you is in regards to your money nothing else.

ERIC

---

Just Focus on Living!

It’s All in Your Mind; Literally and Metaphorically

Cholesterol isn’t just a molecule related to cardiovascular health; it’s also the fundamental starting material for all steroid hormones in the body, including testosterone. Below is a step-by-step look at how cholesterol is converted into testosterone at the cellular and biochemical levels, why it’s so important, and how the body regulates this process.

1. Where Testosterone is Produced

• Testes (Leydig Cells): In males, the principal site for testosterone synthesis is in the Leydig cells of the testes.

• Other Sites: Small amounts are also produced in the adrenal glands (both men and women) and in the ovaries of females, but the dominant production in males happens in the Leydig cells.

2. Cholesterol Delivery and Uptake

1. Source of Cholesterol:

• The body can synthesize its own cholesterol (primarily in the liver) or obtain it from dietary sources such as meats, eggs, and dairy.

• Contrary to some popular belief, dietary cholesterol can be used in steroid hormone production, though your body also has robust internal mechanisms for making and regulating cholesterol levels.

2. Lipophilic Transport:

• Cholesterol is transported in the bloodstream packaged inside lipoproteins (like LDL and HDL).

• Leydig cells take up cholesterol from the blood via LDL (low-density lipoprotein) receptors.

3. Intracellular Storage:

• Once inside the Leydig cells, cholesterol can be stored in lipid droplets or stay in the cytosol until it’s needed for hormone synthesis.

3. The Conversion of Cholesterol to Testosterone

1. Mitochondrial Transport

• When the cell receives signals (typically luteinizing hormone, LH, from the pituitary gland), cholesterol is transported into the mitochondria of the Leydig cell.

• A protein called StAR (Steroidogenic Acute Regulatory protein) is crucial for moving cholesterol across the mitochondrial membrane.

2. Side-Chain Cleavage (First Committed Step)

• Inside the mitochondria, an enzyme called P450scc (Cytochrome P450 side-chain cleavage enzyme, also called CYP11A1) cleaves the side chain of cholesterol, converting it into pregnenolone. This is considered the “gateway” step in steroid hormone synthesis.

3. Steroid Pathway Cascades

• Pregnenolone leaves the mitochondria and undergoes additional enzymatic transformations in the smooth endoplasmic reticulum (SER) of the cell.

• Pregnenolone can be converted to several intermediates, including progesterone and 17-hydroxypregnenolone, eventually leading to the production of androstenedione (another steroid).

• Androstenedione is then converted by the enzyme 17β-hydroxysteroid dehydrogenase into testosterone.

4. Regulation at Multiple Steps

• Each conversion step involves a specific enzyme (e.g., 3β-HSD, 17α-hydroxylase/CYP17A1, 17β-HSD).

• The rate-limiting step is generally the cholesterol transport into mitochondria (via StAR) and its initial conversion by P450scc.

4. How LH (Luteinizing Hormone) Stimulates Testosterone Production

1. Hormonal Signal:

• The pituitary gland releases LH in response to signals from the hypothalamus (GnRH—gonadotropin-releasing hormone).

• LH binds to LH receptors on Leydig cells.

2. cAMP Pathway Activation:

• The LH receptor activation triggers a cascade that increases cAMP (cyclic adenosine monophosphate) inside the cell.

• Elevated cAMP stimulates the enzymes (including StAR and P450scc) necessary for converting cholesterol into pregnenolone.

3. Upregulating Key Enzymes:

• LH signaling upregulates the production and activity of StAR and other enzymes, effectively increasing the throughput from cholesterol to testosterone.

5. Why Dietary Cholesterol Can Support This Process

1. Ensuring Adequate Raw Materials:

• While your body can produce a baseline of cholesterol, dietary sources may help ensure there is no shortage of the raw building block for testosterone (especially in individuals with very low-fat diets).

• However, if your overall health or metabolic function is compromised, simply eating more cholesterol won’t necessarily boost testosterone. The body prioritizes homeostasis and can regulate whether or not cells actually use the extra cholesterol.

2. Nutrient Co-factors:

• Foods that contain cholesterol (like liver, eggs, or full-fat dairy) often also contain vitamins and minerals (e.g., vitamins A, D, B12, iron, zinc) that support endocrine function in a more holistic way.

6. The Bigger Picture: Regulation & Balance

1. Feedback Loops:

• Testosterone, once produced, provides negative feedback to the hypothalamus and pituitary, modulating GnRH and LH release.

• This ensures that the body doesn’t overproduce or underproduce testosterone under normal conditions.

2. Limitations of Dietary Cholesterol Alone:

• Overconsumption of cholesterol does not continuously elevate testosterone. Enzymatic regulation and hormonal feedback loops will curb excessive hormone production.

• Lifestyle factors—like exercise, sufficient sleep, balanced macronutrient intake, and stress management—play equally significant roles.

3. Health and Cardiovascular Considerations:

• Cholesterol has multiple roles in the body, beyond being a hormone precursor—cell membrane stability, vitamin D synthesis, bile acid production, etc. Balancing these roles with cardiovascular health is key.

Key Takeaways

• Cholesterol → Pregnenolone → … → Testosterone: This biochemical sequence hinges on several enzymes, with P450scc and StAR playing particularly important roles.

• Leydig Cells & LH Regulation: Leydig cells in the testes receive signals from LH to crank up testosterone production, highlighting the hormonal interplay necessary for steroidogenesis.

• Nutrient Density & Hormone Support: While the body can synthesize cholesterol, nutrient-dense foods (like liver) can provide not only cholesterol but also a suite of vitamins and minerals that support robust testosterone production and overall endocrine health.

In short, without cholesterol, your body cannot manufacture testosterone or other steroid hormones. However, testosterone levels are tightly regulated by hormonal feedback mechanisms and are influenced by a constellation of dietary and lifestyle factors. Understanding cholesterol’s central role underscores why a balanced diet (with adequate healthy fats and essential micronutrients) is critical to normal hormone function.

….

Short Answer

Liver is an exceptionally nutrient-dense food containing several vitamins and minerals (particularly vitamin A, B vitamins—including B12—iron, and some cholesterol) that support the biochemical pathways involved in testosterone production. Testosterone is a steroid hormone synthesized from cholesterol, and certain vitamins and minerals also act as necessary cofactors for enzymes that help produce testosterone in the testes.

How Liver May Support Testosterone Production

1. Cholesterol as the Building Block

• Testosterone is formed from cholesterol in the Leydig cells of the testes.

• Although the body can produce its own cholesterol, dietary cholesterol can ensure there is no shortage of this essential raw material. Liver naturally contains cholesterol, which can be utilized for hormone synthesis.

2. Rich Supply of B Vitamins

• Liver is one of the richest food sources of B vitamins (especially B12 and folate).

• These B vitamins are involved in cellular energy production and the overall metabolic processes that include hormone synthesis.

• Adequate B12 and folate help maintain optimal function of numerous enzymes and pathways needed for testosterone production.

3. High in Vitamin A

• Vitamin A (retinol) is abundant in liver and is crucial for reproductive health.

• Animal studies show that adequate vitamin A levels can help regulate the transcription (i.e., gene expression) of proteins involved in steroid hormone production.

• Though not often discussed as commonly as zinc or vitamin D for testosterone, vitamin A deficiency can negatively impact reproductive hormones.

4. Minerals (Iron, Copper, Zinc)

• Liver also contains significant amounts of iron and copper, plus trace amounts of zinc.

• Zinc is often recognized for its positive effect on testosterone levels. While liver may not be the single richest source of zinc (oysters typically top that list), having broad-spectrum mineral support is beneficial for optimal hormone balance.

5. Protein and Amino Acids

• Liver is a high-quality protein source. Amino acids are necessary for the formation of enzymes and carrier proteins in the body.

• Adequate protein intake supports lean muscle mass, which can indirectly promote better endocrine (hormone) function, including testosterone regulation.

Important Caveats

1. Whole Diet Context

• Testosterone production is highly influenced by overall diet, sleep quality, stress levels, and physical activity. Liver alone—while nutrient dense—won’t boost testosterone if the rest of your diet or lifestyle is inadequate.

2. Moderation and Balance

• Liver is very rich in certain nutrients (e.g., vitamin A and iron), so it’s possible to overdo it. Consuming moderate amounts (such as once or twice a week) is generally recommended to avoid excessive intake of these nutrients.

3. Genetic and Individual Factors

• Individual genetics, metabolism, and health status also determine how effectively one utilizes dietary cholesterol and nutrients for hormone production.

4. No “One Food” Solution

• While liver can be supportive, it is not a magic bullet for testosterone. Long-term improvements in testosterone usually come from a blend of adequate nutrition, consistent exercise (particularly resistance training), stress management, and sufficient sleep.

Bottom Line

From a biological standpoint, liver’s dense concentration of vitamins (especially B12, A), minerals (iron, copper, zinc), and cholesterol provides essential components and cofactors for testosterone synthesis. Consumed in moderation as part of a balanced diet, liver can help ensure you’re not missing key nutrients necessary for robust hormone production. However, lifestyle factors—exercise, sleep, stress management—remain equally critical in maintaining healthy testosterone levels.

No public market currently exists for the perpetual strike preferred stock. We have applied to list the perpetual
strike preferred stock on The Nasdaq Global Select Market under the symbol “STRK.

.

Class a

the market price of our class A common stock has been and may continue to be volatile;

• because of the rights of our two classes of common stock and because Michael J. Saylor, who
  beneficially owns the majority of our class B common stock, controls a significant portion of our total
  voting power, Mr. Saylor has significant influence over matters that require approval of our
  stockholders and as a result could impede a third party from acquiring us, or limit the ability of our
  other stockholders to influence corporate matters;

…

We expect that the trading price of our class A common stock will significantly affect the value of the perpetual

strike preferred stock, which could result in greater volatility in the value of the perpetual strike preferred stock

than would be expected for non-convertible securities. The trading price of our class A common stock will likely

continue to fluctuate in response to the factors described or referred to elsewhere in this section and under the

caption “Where You Can Find Additional Information; Incorporation by Reference,” among others, many of

which are beyond our control.

…

For the sake of accumulating more bitcoin

We intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of

bitcoin and for working capital. As a result, our management will have broad discretion in the application of the

net proceeds from this offering and you will not have the opportunity as part of your investment decision to

assess whether the net proceeds are being used in a manner of which you approve. Because of the number and

variability of factors that will determine our use of the net proceeds from this offering, their ultimate use may

vary substantially. Our management may not apply our net proceeds in ways that ultimately increase the value of

your investment. The failure by our management to apply these funds effectively could harm our business. If we

do not invest or apply the net proceeds from this offering in ways that enhance stockholder value, we may fail to

achieve expected financial results, which could cause the market price of our class A common stock and the

value of the perpetual strike preferred stock to decline.

…

DYLAN LECLAIR VISION—

A true Spartan?

Don’t spill your feelings in the air?

.

perpetual convertible preferred stock offering

.

Going public!

Public is key ***

.

Underwriter

Why go public?

Why Public?

S1

.

SEC

.

.

Toxic ideas?

Form your own school of thought

.

Let no one man own you

You don’t want to be Mark Zuckerberg’s slave

ERICSTRATEGY

.

Build something great

DELAY RESPONSE! 24 hr

DEMIGOD INVESTOR

DOMINANCE.

It is your ethical duty to dominate?

SKI JACKET.

All killer no filler

GODLIKE THIGHS

ALL THIGHS EVERYTHING

THIGHS ARE HOT.

Look like the Czechs are on —

The CENTRAL BANK of Norway,,, trust the Norwegians!

$514,056,095 USD — that’s like half a billion! The central bank probably ain’t stupid —

BTC ARCHIVE

Norway’s Central Bank fund owns $500 million of MicroStrategy shares.

Don’t buy nothing on Ethereum, Solana etc,,, in which what you built doesn’t “belong” to you — only Bitcoin can stand on its own two feet?

Even I’m shocked — I still really have no idea what Solana is,,, but it is already starting to overtake Ethereum?

Currency debasement,,,

Double sun

Follow individuals, not news repositories?

@saylor and https://x.com/DylanLeClair_

Graffiti removal, removal
.

Fraud

Crypto is Fraud?

Winner take all dynamics.

Combine physical and virtual world

Proof of work

.

Progressive

.

Don’t trust, verify.

.

All of the money is in my head

Victory or success is a mental thing?

.

Becoming more conservative

Wise conservatism

.

I need more exposure!

Becoming more godlike

Seeking greater bitcoin exposure

.

Creating your own treasury operations

–> Maximize your Bitcoin exposure?

MSTR Triple Maxi?

Choose the most alpha

Maximum Alpha

Alpha Female

.

What if MSTR surpasses the market cap of Apple?

Being the heat!

How to add heat?

ADD HEAT!

.

When in doubt, delay.

.

1000% certainty or nothing.

Too much testosterone!

Tech: give us more for less.

More for less ***

All modern day therapy is bad, only follow the ancient and the stoic. Stoicism works.

.

Stoic Strategies

Don’t be like woman

.

How to thrive under stress

What if we should SEEK stress, to become stronger and better?

So currently a big thought on my mind is in regards to condensation.

For example, let us consider a backpack. There is only so much you could shove inside of it, and therefore, the optimal strategy in life is to have things that have maximum ability to condense; for example, having like an ultralight down jacket which is easily compressible and condensable is desirable.

Also unrelated is the thought of bitcoin. Interesting idea to me is how technically if you think about it… A bitcoin is like the ultimate expression of condensation. You take all this economic energy and power, and condense it into a single unit, which is a single bitcoin.

I think the more I consider bitcoin, and the underlying philosophy and ethos behind it, in actuality… The more fascinating it becomes.

For example, just came back from a month trip to Asia in Vietnam in Hong Kong, and the truth is, you can’t travel or take your single-family home or your cybertruck with you.  if anything… Each and every single day in which I woke up in my Hong Kong apartment, just enjoying the sun, and the spotty Wi-Fi… the Takeaway point was that after all of it, the only thing you have is your body, your mind, and your zest for adventure and freedom.

Even being back home in LA… One thing that I couldn’t take with me when I was traveling was my beloved 60 pound weight best. It’s good to have it back… But knowing that I’m about to hit the road again soon, it is always good to have one foot in, one foot out.

So the general idea is simple… Live your life domestic, planning as if you’re going to hit the road again… And never really too much be too committed to one single thing.

How do we falter?

We new nomads, we new conquerors, even the other day, driving through Beverly Hills… The big idea I had is that with wealth and everything in between… Property etc.… At least people living in LA, their world is so small. They only care about their pink Bentley, their $15 million single-family house, etc. Beverly Hills is their bubble. They never leave it, it is kind of like the dystopic society in “In Time”, the genius Justin Timberlake film in which time is actually predicated in time actually also very interesting thought is in the new Amazon sponsored series “secret level“, the “steampunk” universe in which the orphan guy has his money given to him “bits“ (bits,,, bit, micro bit coins)– he requires 75 bits to repay his debt obligations, in order to reconnect with the love of his life. Also in another unrelated note, the short video clip of the animated series of the girl giving the pilot $3 million of bitcoin in the USB drive, asking the plane pilot to take them somewhere.

Anyways, I think the idea of being unsettled is… unsettling.  I mean it kind of makes sense… To be settled, stable, is typically a good thing. Nobody would want to build their home on the edge of a cliff, knowing that any moment of mudslide can have them tumbling down to their personal death.

I think the difficult thing is let us consider, how hyper different modern day life and society is in respect in regards to our biological predisposition. For example, Technology advances at a much faster pace than our biological predisposition. Can you consider… Even 50 years ago, telling people that one day, each and every single American, regardless of how poor or rich you are, would have access to a god device, that could fit in your front pocket, that you could use with your voice, Your thumbs, your fingers, that could last all day, offer you free directions to anywhere on the planet, with micro precision, free entertainment essentially forever, with trillions of channels, insanely great high fidelity camera and video recorder which is free forever, which cannot be hacked by anybody else, which could also store all of your money on it, and you could instantly video call and new person on the planet, for free, whenever. Wouldn’t they pay like $1 million for this device? And now any person on the planet, regardless of how rich or poor they are, could afford this god device, for only 50 bucks a month.

Anyways, I’m also pretty sure that having this god device comes with downsides. For individuals — honestly it’s like crack cocaine. But maybe worse?

How to live

My simple philosophy with technology life everything etc.… Is reap the upside, kill the downside.

So a very simple thought… Disable all notifications on your phone besides FaceTime. This includes text messages.

The reason why I think this is such a good idea is that if it becomes ultimate filter. Truth be told, there is almost 0% of things which actually require your immediate attention. Reserve FaceTime for your mom, or your wife, everything else is not really necessary. 

---

The will to ignorance

Distractions!

A new thought, ignorance, might be a critical ingredient to your concentration focus, power?

New thing I’m trying to do with my new lifestyle is trying to concentrate and focus better, which means avoiding television news streaming in front of your face?

For example, there’s this really nice hotel close to my house, which I like to just walk across, in order to use the bathroom and the facilities, but just this morning, there’s a fucking television streaming CNBC news, with all this fear clickbait headlines that arise anger and indignation in the viewer.

The thing that is so annoying about this to me is that I did not request the television to be there, nor did I request it to be streaming live television news either. If there had to be something streaming, on the television it would rather be John Wick, the Lego movie, or better yet, the Lego Batman movie.

Things you asked for, things you did not ask for?

I think this is a big thing is that try to not expose yourself to stuff you didn’t ask for. Or better yet, that you did not actually pay for with your own hard earned money.

For example, movies on flights. Obviously you’re boring and you got nothing better to do, the pen is either download a shit load of movies and shows to your iPad off-line, stuff that you paid money for in the Apple TV+ app, and also, games or other destruction stuff that you paid money for.

I think this is a big tricky thing… In two days we’re all in which entertainment is infinitely abundant, how do you stay focused? Simple. Once again, if you did not pay money for it, don’t watch it.

A simple strategy I do is if there is something I really really want to watch or experience, I put my money where my mouth is… I straight up purchased the whole film, even if it is 10 or $20 or $25 or something, in the Apple TV+ store. Even though obviously I could pirate it on pirate Bay for free, this becomes a good filter because in a world in which your time is infinitely valuable and precious, why would you sacrifice any of your precious attention on things you did not pay money for?

Practical thoughts

 so the first very practical thought is don’t bother with anything that is not easily condensable, or compactible.

For example when you’re traveling, let’s say you require a jacket or a warm article of clothing whatever… Only pack things that you could easily roll up and shove into your backpack. The Uniqlo ultra light down jacket is good. Also my personal favorite is the MUJI ultra light down vest.

Can you fold it up?

After being abroad for about a month, then coming back home to LA… I saw a cyber truck on the road the other day, and even though I love the design, it is so big! Too big! As a consequence, it’s really not a good idea because you can’t just magically fold it up. And this becomes critical in moments in which You just gotta find a damn parking spot!

And once again, the big idea is that you cannot magically fold up your car or your assets or whatever and just take it with you on a plane to Cambodia.

Now what?

Obviously the first thought is a kid. At least one, ideally two or more.

Why? To me it’s like the ultimate logical thing.

First, raising Seneca from birth until now has probably been the most satisfying thing in my entire life, multiplied by 1 million. There’s like literally no greater joy than a father raising his own son. His own blood son.

Once again, the greatest blessing as a man, to a son, even better yet, your first born son as a male.

Second, think economics. Michael Saylor said it well, you’ll like spend 1, trillion hours of your life working yourself to death, making money spending money saving money, yet we will not even devote a few hours to critically think about what money is, and also why it matters?

It’s simple; you spend 1 million years of your life making money, without actually questioning what money is or why it matters… You’re technically not leveraging your time well.

For example, for most individuals, the more hours you put in at work, the more moneys you’ll make.  it becomes a simple vector equation:

Input more time, yields more money.

But the reason why this is a poor idea is that you’ll essentially forever be a wage slave. To just equate your time, hourly wage, or even salary, is a losing game.

condense your sphere of concern 

Also in terms of condensation, condense your sphere of concern.

I think it is a zero some game in terms of concern. Let us say that you only have 10 units of concern, in a single day. And once you deplete your concern units, you cannot recover it in a day.

So for me, I would probably devote eight units of concern to Seneca, one to Cindy, one to myself. That is 10 out of 10. Nothing is left.

I think the problem that a lot of people have, especially if you were raised Christian, is that you think you have infinite compassion and concern for the whole planet. But this is not true. I’m almost wondering… If 99% of mental health issues arise from the fact that you overextend your units of concern beyond proper measure?

The more you concern for others, the less you concern for yourself your wife your kid.

Reconsidering the nuclear family

The nuclear family is you your wife or kid. That in itself is its own economy, let us consider that even the ancient word for economics literally meant household management, your wife, your kids, your slaves, your home estate.

Certainly an ancient times, life was probably much simpler. The king of the Josen Dynasty in Korea probably did not concern himself with international matters in the Middle East or Europe. Similarly speaking, King Leonidas only cared for Sparta, maybe the 5000 or so inhabitants etc., he had zero concern for anyone else.

So once again, condense your sphere of concern to the bare minimum. Once again yourself your wife your kid. Cut everything else out?

Becoming more selfish with your time your focus your concentration

Recently Cindy and I have been reading more Thich Nhat Hanh, in one of the really really interesting things that I gleaned is that meditation is simply concentration. 

For example, even when you’re on a flight and you’re bored, and you simply sit and close your eyes, put an earplugs and a face mask, and an eye mask, what you’re actually doing is concentrating. Trying to cut out distractions, is the best definition of meditation.

I even had a random idea that they only reason that I hate graffiti is that it is distracting. Any sort of advertising or spam which is unwarranted to me is positively bad because it is just like graffiti. I kind of know and I kinda get it because when I was a kid or a teenager or in high school, me and my friends guide to graffiti tagging, spray paint simply as kind of a risk game. The game was too use our spray paint or our spray tools to have a contest in which we will try to essentially have a competition:

Who would have the most balls and the most courage, to tag or spray paint in a spot which had maximum risk of getting caught, but yet not getting caught and getting away with it?

The moment that me and my best friend stopped was the moment in which we saw this old Latino woman, on her knees in hand scrubbing our graffiti spray paint game, about the age of our mom… Being teenagers or highschoolers, we didn’t really have a real practical thought that in fact, our mischievousness was predicated on actually having somebody about the age of her mom having to scrub it off herself? After that we swore off graffiti.

I’ve even had this thing in Culver City… Whenever I see ugly or annoying advertisement spam graffiti, I just take it as my own own to tear off the graffiti the spam or whatever and throw it in the trash because I am very visually sensitive, and I always do the same walking paths in the day. If anything I’m thinking about volunteering for my local city to volunteer my time to remove graffiti?

We are much more sensitive than we think we are

I think from an evolution perspective, we are insanely sensitive creatures to sound visual things, stories, ideas etc. In the past it was a matter of life or death.

For example, loud noises. Any in every single human being, is sensitive to loud noises. Because if you heard the rustling of a animal in the bushes, if you were not sensitive to the sound, you would have probably been eaten alive by a bear or something. Or if you saw something frightening with your own two eyes, also a survival mechanism. That is why whenever we see disturbing, could stay with us for days weeks months, maybe even years? Even soldiers, who have experienced tragedy get PTSD, from the sounds of bomb’s warfare, and personal tragedies with their own two eyes.

Practicalities

I have a simple filter: if that matter doesn’t actually involve money, don’t bother with it.

For example, currently my only concentration is bitcoin. And microstrategy stock which is essentially levered long bitcoin. And micro strategy, because I am a proud shareholder. And also, more recently, Dylan Le Clair —  because he has the most intelligent opinions when it comes to microstrategy.

Meek or mean?

Treat them like they’re homeless… Homeless people have no sense or mentality

LA, Los Angeles people are very tolerant that’s why I love them 

We just labor to be beautiful

Zen aesthetics and ethos and ethics

iPhone is good for focus?

Recover

Money PR?

Bitcoin will forever be volatile — thus, individuals with big balls will forever be winning?

Big money

Think big money

Tell me more about his entire Bitcoin journey.

Dylan LeClair’s journey into the Bitcoin space began during his time as a business school student. While working manual labor jobs, he developed a keen interest in finance and economics, which led him to explore Bitcoin’s potential. His curiosity and dedication propelled him to delve deep into the intricacies of Bitcoin and the broader financial system. 

In early 2021, LeClair co-founded 21st Paradigm, a consulting firm aimed at assisting individuals and businesses in understanding Bitcoin’s role as a neutral reserve asset. This venture allowed him to deepen his expertise and establish himself as a thought leader in the industry. 

His analytical skills and insights into on-chain analytics and macroeconomics led to his role as Head of Market Research at Bitcoin Magazine and Lead Analyst at UTXO Management. In these positions, he provided in-depth market analysis and contributed significantly to the discourse on Bitcoin’s economic implications. 

In May 2024, LeClair joined Metaplanet Inc., a Japanese public company, as the Director of Bitcoin Strategy. In this role, he focuses on implementing corporate Bitcoin standards and leveraging financial strategies to accumulate Bitcoin for the company’s balance sheet. 

Throughout his journey, LeClair has emphasized the transformative power of decentralized sound money and its role in promoting human freedom in the digital age. His work continues to influence and inspire many in the Bitcoin and broader financial communities.

For a more personal insight into his journey, you might find this interview informative:

Tell me more about how he joined MetaPlanet, and how is he so knowledgeable at 21 years old?

In May 2024, Dylan LeClair was appointed as the Director of Bitcoin Strategy at Metaplanet Inc., a Japanese public company offering hospitality and technology-related services. Metaplanet, often referred to as the “MicroStrategy of Asia,” embraced Bitcoin as a core corporate treasury asset, acquiring over $6 million worth of Bitcoin prior to LeClair’s appointment. His role involves crafting and implementing the company’s Bitcoin strategy, utilizing public market tools to accumulate Bitcoin for Metaplanet’s balance sheet. 

LeClair’s profound knowledge in the Bitcoin and cryptocurrency space, despite his young age, stems from several key factors:

1. Early Immersion: LeClair began his journey into Bitcoin and economics at a young age, dedicating significant time to researching and understanding the intricacies of digital assets and the broader financial system. 

2. Professional Experience: He has held prominent positions such as Head of Market Research at Bitcoin Magazine and Director of Market Intelligence at UTXO Management. In these roles, he conducted in-depth market analysis, focusing on on-chain analytics and macroeconomic trends, which enhanced his expertise. 

3. Entrepreneurial Ventures: In early 2021, LeClair co-founded 21st Paradigm, a consulting firm aimed at helping individuals and businesses understand Bitcoin’s potential as a neutral reserve asset. This venture allowed him to deepen his understanding of Bitcoin’s role in the global financial landscape. 

4. Educational Background: LeClair pursued studies in Business Administration and Management, with a focus on Finance, at the University of Vermont from 2019 to 2020, providing him with a solid foundation in financial principles. 

Through these experiences, LeClair has developed a comprehensive understanding of Bitcoin and its economic implications, establishing himself as a knowledgeable and influential figure in the cryptocurrency industry at a young age.

….

Dylan LeClair is a prominent figure in the Bitcoin and cryptocurrency space, known for his in-depth market analysis and advocacy for economic empowerment through digital assets. He has held significant roles, including serving as the Head of Market Research at Bitcoin Magazine and as the Director of Market Intelligence at UTXO Management, a digital asset fund focusing on the transition from analog to digital money. 

In early 2021, LeClair co-founded 21st Paradigm, a consulting firm dedicated to assisting individuals and businesses in understanding Bitcoin’s potential as a neutral reserve asset.  His work emphasizes the transformative power of decentralized sound money and its role in promoting human freedom in the digital age.

In May 2024, LeClair joined Metaplanet Inc., a Japanese public company, as the Director of Bitcoin Strategy. In this role, he focuses on implementing corporate Bitcoin standards and leveraging financial strategies to accumulate Bitcoin for the company’s balance sheet. 

LeClair is also recognized for his expertise in on-chain analytics and macroeconomics, contributing to various publications and engaging with the community through social media platforms. His educational background includes studies in Business Administration and Management, with a focus on Finance, at the University of Vermont from 2019 to 2020. 

As of the latest available information, Dylan LeClair is 21 years old. 

only 1.28 BTC for $100k cash?

.

To borrow $100,000 in USD Coin (USDC) from Coinbase using Bitcoin (BTC) as collateral, you’ll need to maintain a loan-to-value (LTV) ratio of at least 133%. This means you must pledge Bitcoin worth approximately 133% of the loan amount. Given the current Bitcoin price of $104,136, this equates to approximately 1.28 BTC.

It’s important to monitor your loan’s LTV ratio, as reaching an LTV of 86% will trigger automatic liquidation of your collateral to repay the loan and cover any associated fees. Interest rates are variable and adjust based on market conditions. There are no fixed repayment schedules, allowing you to repay the loan at your convenience. 

Please note that this service is currently available to U.S. customers, excluding those in New York. 

Or $1,600 a share?

Saylor charts

$18,215 a share price?

***

As of January 29, 2025, Apple’s market capitalization is approximately $3.593 trillion.  MicroStrategy (MSTR) currently has about 197.3 million shares outstanding. 

To surpass Apple’s market cap, MicroStrategy’s market capitalization would need to exceed $3.593 trillion. Given the current number of shares outstanding, this would require MSTR’s share price to be approximately $18,215.

It’s important to note that MicroStrategy has recently approved a significant increase in the number of authorized Class A common shares to fund further Bitcoin purchases.  This increase in shares would affect the share price needed to reach a specific market capitalization.

For instance, if the number of outstanding shares increases to 500 million, the share price required to achieve a market cap of $3.593 trillion would be approximately $7,186.

Therefore, the specific share price required for MicroStrategy to surpass Apple’s market cap would depend on the total number of shares outstanding at that time.

So currently a big thought on my mind is in regards to condensation.

For example, let us consider a backpack. There is only so much you could shove inside of it, and therefore, the optimal strategy in life is to have things that have maximum ability to condense; for example, having like an ultralight down jacket which is easily compressible and condensable is desirable.

Also unrelated is the thought of bitcoin. Interesting idea to me is how technically if you think about it… A bitcoin is like the ultimate expression of condensation. You take all this economic energy and power, and condense it into a single unit, which is a single bitcoin.

I think the more I consider bitcoin, and the underlying philosophy and ethos behind it, in actuality… The more fascinating it becomes.

For example, just came back from a month trip to Asia in Vietnam in Hong Kong, and the truth is, you can’t travel or take your single-family home or your cybertruck with you.  if anything… Each and every single day in which I woke up in my Hong Kong apartment, just enjoying the sun, and the spotty Wi-Fi… the Takeaway point was that after all of it, the only thing you have is your body, your mind, and your zest for adventure and freedom.

Even being back home in LA… One thing that I couldn’t take with me when I was traveling was my beloved 60 pound weight best. It’s good to have it back… But knowing that I’m about to hit the road again soon, it is always good to have one foot in, one foot out.

So the general idea is simple… Live your life domestic, planning as if you’re going to hit the road again… And never really too much be too committed to one single thing.

How do we falter?

We new nomads, we new conquerors, even the other day, driving through Beverly Hills… The big idea I had is that with wealth and everything in between… Property etc.… At least people living in LA, their world is so small. They only care about their pink Bentley, their $15 million single-family house, etc. Beverly Hills is their bubble. They never leave it, it is kind of like the dystopic society in “In Time”, the genius Justin Timberlake film in which time is actually predicated in time actually also very interesting thought is in the new Amazon sponsored series “secret level“, the “steampunk” universe in which the orphan guy has his money given to him “bits“ (bits,,, bit, micro bit coins)– he requires 75 bits to repay his debt obligations, in order to reconnect with the love of his life. Also in another unrelated note, the short video clip of the animated series of the girl giving the pilot $3 million of bitcoin in the USB drive, asking the plane pilot to take them somewhere.

Anyways, I think the idea of being unsettled is… unsettling.  I mean it kind of makes sense… To be settled, stable, is typically a good thing. Nobody would want to build their home on the edge of a cliff, knowing that any moment of mudslide can have them tumbling down to their personal death.

I think the difficult thing is let us consider, how hyper different modern day life and society is in respect in regards to our biological predisposition. For example, Technology advances at a much faster pace than our biological predisposition. Can you consider… Even 50 years ago, telling people that one day, each and every single American, regardless of how poor or rich you are, would have access to a god device, that could fit in your front pocket, that you could use with your voice, Your thumbs, your fingers, that could last all day, offer you free directions to anywhere on the planet, with micro precision, free entertainment essentially forever, with trillions of channels, insanely great high fidelity camera and video recorder which is free forever, which cannot be hacked by anybody else, which could also store all of your money on it, and you could instantly video call and new person on the planet, for free, whenever. Wouldn’t they pay like $1 million for this device? And now any person on the planet, regardless of how rich or poor they are, could afford this god device, for only 50 bucks a month.

Anyways, I’m also pretty sure that having this god device comes with downsides. For individuals — honestly it’s like crack cocaine. But maybe worse?

How to live

My simple philosophy with technology life everything etc.… Is reap the upside, kill the downside.

So a very simple thought… Disable all notifications on your phone besides FaceTime. This includes text messages.

The reason why I think this is such a good idea is that if it becomes ultimate filter. Truth be told, there is almost 0% of things which actually require your immediate attention. Reserve FaceTime for your mom, or your wife, everything else is not really necessary. 

---

The will to ignorance

Distractions!

A new thought, ignorance, might be a critical ingredient to your concentration focus, power?

New thing I’m trying to do with my new lifestyle is trying to concentrate and focus better, which means avoiding television news streaming in front of your face?

For example, there’s this really nice hotel close to my house, which I like to just walk across, in order to use the bathroom and the facilities, but just this morning, there’s a fucking television streaming CNBC news, with all this fear clickbait headlines that arise anger and indignation in the viewer.

The thing that is so annoying about this to me is that I did not request the television to be there, nor did I request it to be streaming live television news either. If there had to be something streaming, on the television it would rather be John Wick, the Lego movie, or better yet, the Lego Batman movie.

Things you asked for, things you did not ask for?

I think this is a big thing is that try to not expose yourself to stuff you didn’t ask for. Or better yet, that you did not actually pay for with your own hard earned money.

For example, movies on flights. Obviously you’re boring and you got nothing better to do, the pen is either download a shit load of movies and shows to your iPad off-line, stuff that you paid money for in the Apple TV+ app, and also, games or other destruction stuff that you paid money for.

I think this is a big tricky thing… In two days we’re all in which entertainment is infinitely abundant, how do you stay focused? Simple. Once again, if you did not pay money for it, don’t watch it.

A simple strategy I do is if there is something I really really want to watch or experience, I put my money where my mouth is… I straight up purchased the whole film, even if it is 10 or $20 or $25 or something, in the Apple TV+ store. Even though obviously I could pirate it on pirate Bay for free, this becomes a good filter because in a world in which your time is infinitely valuable and precious, why would you sacrifice any of your precious attention on things you did not pay money for?

Practical thoughts

 so the first very practical thought is don’t bother with anything that is not easily condensable, or compactible.

For example when you’re traveling, let’s say you require a jacket or a warm article of clothing whatever… Only pack things that you could easily roll up and shove into your backpack. The Uniqlo ultra light down jacket is good. Also my personal favorite is the MUJI ultra light down vest.

Can you fold it up?

After being abroad for about a month, then coming back home to LA… I saw a cyber truck on the road the other day, and even though I love the design, it is so big! Too big! As a consequence, it’s really not a good idea because you can’t just magically fold it up. And this becomes critical in moments in which You just gotta find a damn parking spot!

And once again, the big idea is that you cannot magically fold up your car or your assets or whatever and just take it with you on a plane to Cambodia.

Now what?

Obviously the first thought is a kid. At least one, ideally two or more.

Why? To me it’s like the ultimate logical thing.

First, raising Seneca from birth until now has probably been the most satisfying thing in my entire life, multiplied by 1 million. There’s like literally no greater joy than a father raising his own son. His own blood son.

Once again, the greatest blessing as a man, to a son, even better yet, your first born son as a male.

Second, think economics. Michael Saylor said it well, you’ll like spend 1, trillion hours of your life working yourself to death, making money spending money saving money, yet we will not even devote a few hours to critically think about what money is, and also why it matters?

It’s simple; you spend 1 million years of your life making money, without actually questioning what money is or why it matters… You’re technically not leveraging your time well.

For example, for most individuals, the more hours you put in at work, the more moneys you’ll make.  it becomes a simple vector equation:

Input more time, yields more money.

But the reason why this is a poor idea is that you’ll essentially forever be a wage slave. To just equate your time, hourly wage, or even salary, is a losing game.

condense your sphere of concern 

Also in terms of condensation, condense your sphere of concern.

I think it is a zero some game in terms of concern. Let us say that you only have 10 units of concern, in a single day. And once you deplete your concern units, you cannot recover it in a day.

So for me, I would probably devote eight units of concern to Seneca, one to Cindy, one to myself. That is 10 out of 10. Nothing is left.

I think the problem that a lot of people have, especially if you were raised Christian, is that you think you have infinite compassion and concern for the whole planet. But this is not true. I’m almost wondering… If 99% of mental health issues arise from the fact that you overextend your units of concern beyond proper measure?

The more you concern for others, the less you concern for yourself your wife your kid.

Reconsidering the nuclear family

The nuclear family is you your wife or kid. That in itself is its own economy, let us consider that even the ancient word for economics literally meant household management, your wife, your kids, your slaves, your home estate.

Certainly an ancient times, life was probably much simpler. The king of the Josen Dynasty in Korea probably did not concern himself with international matters in the Middle East or Europe. Similarly speaking, King Leonidas only cared for Sparta, maybe the 5000 or so inhabitants etc., he had zero concern for anyone else.

So once again, condense your sphere of concern to the bare minimum. Once again yourself your wife your kid. Cut everything else out?

Becoming more selfish with your time your focus your concentration

Recently Cindy and I have been reading more Thich Nhat Hanh, in one of the really really interesting things that I gleaned is that meditation is simply concentration. 

For example, even when you’re on a flight and you’re bored, and you simply sit and close your eyes, put an earplugs and a face mask, and an eye mask, what you’re actually doing is concentrating. Trying to cut out distractions, is the best definition of meditation.

I even had a random idea that they only reason that I hate graffiti is that it is distracting. Any sort of advertising or spam which is unwarranted to me is positively bad because it is just like graffiti. I kind of know and I kinda get it because when I was a kid or a teenager or in high school, me and my friends guide to graffiti tagging, spray paint simply as kind of a risk game. The game was too use our spray paint or our spray tools to have a contest in which we will try to essentially have a competition:

Who would have the most balls and the most courage, to tag or spray paint in a spot which had maximum risk of getting caught, but yet not getting caught and getting away with it?

The moment that me and my best friend stopped was the moment in which we saw this old Latino woman, on her knees in hand scrubbing our graffiti spray paint game, about the age of our mom… Being teenagers or highschoolers, we didn’t really have a real practical thought that in fact, our mischievousness was predicated on actually having somebody about the age of her mom having to scrub it off herself? After that we swore off graffiti.

I’ve even had this thing in Culver City… Whenever I see ugly or annoying advertisement spam graffiti, I just take it as my own own to tear off the graffiti the spam or whatever and throw it in the trash because I am very visually sensitive, and I always do the same walking paths in the day. If anything I’m thinking about volunteering for my local city to volunteer my time to remove graffiti?

We are much more sensitive than we think we are

I think from an evolution perspective, we are insanely sensitive creatures to sound visual things, stories, ideas etc. In the past it was a matter of life or death.

For example, loud noises. Any in every single human being, is sensitive to loud noises. Because if you heard the rustling of a animal in the bushes, if you were not sensitive to the sound, you would have probably been eaten alive by a bear or something. Or if you saw something frightening with your own two eyes, also a survival mechanism. That is why whenever we see disturbing, could stay with us for days weeks months, maybe even years? Even soldiers, who have experienced tragedy get PTSD, from the sounds of bomb’s warfare, and personal tragedies with their own two eyes.

Practicalities

I have a simple filter: if that matter doesn’t actually involve money, don’t bother with it.

For example, currently my only concentration is bitcoin. And microstrategy stock which is essentially levered long bitcoin. And micro strategy, because I am a proud shareholder. And also, more recently, Dylan Le Clair —  because he has the most intelligent opinions when it comes to microstrategy.

Everything to gain, nothing to lose.

Just take the risk!

Not a system, a protocol.

The English language, we’re going to add it to the English language

All orange everything?

10x bitcoin?

How to get more Bitcoin?

.

500,000 years

New techniques

Software will upgrade, update time to time.

.

Dividend tax

95% forward expositions ,,, cost!

.

Only 5% enterprise value

Don’t recapitalize the company

.

What they own, the stock!

You gave away your assets

.

MATR . MICROSTRATEGY is the 30 year old child of Michael Saylor?

.

30 years > 15 years?

45 years

.

No capital, 1 bad quarter .,, you’re bankrupt!

.

There is a reason we have capital!

We cannot work hard, forever

10-15% hurdle rate

Equity capital, debt Capital

Company like your child

.

Why wouldn’t you want to do it?

.

The most successful ever!

Long term store of value forever , hold not trade it

Compliance problem , HK can buy HK bank etf,

Solve tax issues, easy

No frills easy

450 bitcoin a day, competing a day

$45M a day

All the slack is taken out of the system

How to feel insanely freaking epicly good?

Sleep is the #1 criterion?

.
property you want to own forever

Think cyber real estate, you intend to rent it or REIT finance it.

Think New York family , rent it, finance it, re finance it, give to grand kids

I’m starting the new empire!

Anxiety, heart attack, mental health issues

More mature

I want it to be jittery!

$5B in a day!

We trade the jittery volatile, 100 quarters of anxiety in a few days

I’m not selling! ***-> I’m just the beneficiary, the feature

Bitcoin will be volatile forever!

Volatility is what gives me the EDGE!

The person 75% mark down!

80% mark up, 80% mark down

You don’t want a world where all is erratic — you get rich!

Perfect pricing, you never get rich

The gift,

1000 years

.

Who is Prometheus?

Achieve economic immortality

Someone gave us clean water,

Carte Blanche

.

Black is ugly?

Alcohol causes gout, red wine

.

Not genetic predisposition

The passage of technology

.

Money is corrupt, dirty and defective

People being murdered for their money

.

Store, storage –> forever storage?

.

Tightly bind economic energy to their person

.

To the corporation

Economic energy

Misery

.

Insanely great health is my personal imperative!

Maximum mobility

The least possible amount of obstruction to movement?

.

Keep your life force!

Where to stand? Stand in the right spot!

Insanely great phenomenal health is your personal imperative? With this all is possible!

.

Union, monetary union

Tall dark and handsome

.

Digital

Move billions every milli second

Digital books, digital education *

Digital form of capital

24/7 365 , still utility

.

Re-Capitalize

Carte Blanche Capital

.

Stuff rusts, fire, mayor

.

Chaos & Entropy in the real world

Escape chaos and entropy in the real world

.

Volatility is a feature not a bug!

Sculpture, fashion it into a flywheel , 60 vol

60 rpm, volatility is energy

$45B in Bitcoin, 90 vol

Makes 100 billion options market

I can sell the volatility, 150% interest

If it doesn’t go to 0 in next 3 months, I’m getting rich

.

Most valuable thing in the world!

.

People stupider than you, richer than you

Thermodynamics

Why does water flow downhill ?

Appreciate in a volatile volume

60% volatile or not?

100$B market cap

Because people

Where’s the opportunity in it?

.

Natural selection

If you like money

Risk taking vs volatility taking seeking

Risk seeking vs volatility seeking

.

They don’t need help

Natural characteristic of a life form, it is alive and volatile

.

Capital is not toxic!

Capital is Virtuous ***

Why would you give away your capital?

Why are they desperate to get rid of the money?

You get to keep the money

.

$500b in capital

Half a trillion dollars

.

Need to know basis

.

1, 2, 3–> MSFT

.

Happy life

I dream in Bitcoin

MSTR is the most fascinating thing in the universe ,,, even more so than bitcoin?

Send what you’re excited fascinated in!

Bigger greater ambitions

How great or grand is your ambition? 

Becoming more ambitious?

I fucking love this city!

X

What if we’re all good… Even the bad?

what if even the bad were eminently desirable? ***

I love everybody!

Pure Bliss

Ducks, the quaking of ducks. Alpha ducks?

Don’t hide your beauty

Excellence is not rewarded but expected

Non-competition principle

For Sparta!

Build anything which requires maintenance

Bitcoin Club

Volatility is the product 

Indefinite optionality

Perpetual preferred

Level up to larger pools of capital 

.

The skin flesh hypothesis

Money and speech is the same thing

.

Naval

Bank account in the cloud

.

Not even the NSA could do

Bounty on Bitcoin!

Money is speech, speech is protected! ***

Database

Bounty protects,, write into database.

.

Machines will use this

Bitcoin grade encryption

China cannot censor Bitcoin

.

Bitcoin is the panacea against social media

.

Your contribution will be irrelevant

Another model exists ***

They got in because they HAD to

Corporate money

Do the hard thing

I’m going to teach it

REMOVE these apps from our lives

Against bias?

Can’t corrupt, change direction of

Build new value

.

It makes your life better

.

Tragedy, proper economic energy

Organic energy, store economic organic energy

.

Fat cells

How to store energy

.

Hyper inflation, hyper obesity, hyper insulin?

Technology

Switching to BTC, I’m going to live forever!

Why photographers, bloggers, individuals and influencers should adopt Bitcoin

.

Will Durant, history of

You get to own your own money –> you are allowed to store your life force!

100 year corporation

.

Living longer is a good thing! ***

30 years, gold debases 2% , 35 years

Half life of bitcoin is forever, 0% inflation

.

They care

Crypto lobby, #1 political force today

800B-1T in real money invested in network

.

30 year delay. AC in Florida

Technology makes the world a better place

“We just die”

Type 1 diabetic,

.

Tech, finance.

.

Discovery

World dead lift, trap bar, rack pull record?

Invest in yourself, your own company, your own platform?

Exposure, more exposure is good!

Launch pad, build and colonize cyberspace

Infinite resources & opportunities

Bitcoin is the bullets, MSTR is the gun?

..

Fake threats

Also, don’t be a fucking fool!

.

Money vs Property?

Interesting idea — what if you no longer need money, but just care to own property — Bitcoin

.

56 times

Bitcoin refinery

Exposure to macro and crypto economies, securities

.

Strike, new capital structure

Lower volatility, lower leverage –> fixed income

Fixed debt instrument

Oil refinery

Take crude capital, high performing products

High performing and volatile stock price

112% up a year, past 4 years…. almost double Bitcoin!

Outperform Bitcoin with more bitcoin! ***

2x performance Bitcoin

63% a year, bitcoin

Outperform the Bitcoin ***

2000% percent, 2x over Nvidia

The most volatile stock in SP500 universe!

High volatility, black sholes,,, fed options market

New type of investor interested in MSTR

NOVELTY, #6 most optioned stock

6 most liquid stock

1 most optioned stock, as percent of market cap, #1 most liquid stock in SP 500 universe!

Drives open interest, attract new investors

.

Largest option interest market

Option volume

20x larger

.

Just being a good dad is my new goal!

.

Volatility drives liquidity

$81B size of options market!

29x bigger than MARA

MARA,, only $3b

Optionality

MSTR is the benchmark

Strike is a convertible preferred stock

.

MSTR, the most common stock with the most exposure to BTC

.

preferred equity, preferred convertible equity, built on BTC

.

STRK

.

High performance levered bitcoin

8% fixed dividend, perpetual uncapped call

Perpetual dividend

1000$ strike call on call option, on MSTR

anti dilution protection

STRK –> traded

Strike (STRK), microstrategy oriented investors

Security, less sensitive on upside and downside of BTC

MSTR , more volatility, more leverage

.

MSTR. $100b market cap, 684% return, volatility 117%!

.

How to calculate volatility?

Volatility vs Risk

You can calculate volatility. Not risk?

.

Things which last forever, high durability but low quality or not useful?

.

The point of life is adventure,

Buy the dip!

.

Fixed income investors

.

6-7% yield

High yield corporate bonds

Strike , have the yield but upside, crypto curious, want exposure or MSTR

.

hybrid instrument! ***

Complementary to convertible bonds

.

Convertible bond to capital market , 4 letter ticker, STRK

.

STARK

.

225%, 154%. 113%…

160%, 79%,

.

STRK

uncapped call option. $1,000 up forever!

Uncapped ***

.

Don’t we always want to be uncapped?

Strike instrument

.

STRK vs MSTR convertibles

Dividend, 8%,

.

I love performance!

.

Superior MSTR participation, dividends, liquidity and investor access

Long term !

MSTR stock price –>

.

Convertible notes

Tenor ***

4-8 years

.

Hundreds of dollars, $1,000
. … $5,000 stock price forever

.

$50B bitcoin holdings

Debt coverage

$105,000 per Bitcoin

$233 , trade down to be out of the money

17x coverage!

.

$20M dividend obligation

Pro Forma Value ***

Strike dividends

Annual STRK Dividends

.

315 years of strike dividends

.

Pro Forma Capital Structure

.

Equity cushion ***

Meet liabilities and obligation

Bitcoin cushion, equity cushion

.

Bare skin

Valuation Framework

.

8% perpetual dividend, perpetual call option on MSTR

.

key value drivers

BTC coverage, volatility, MSTR price

.

Forecast for MSTR stock price, volatility

.

The future of Bitcoin, Bitcoin volatility

.

Strategic part of capital structure

Convertible bond strategy

Complementary ***

Create more intelligent leverage

.

Expand access to capital structure to entire Bitcoin ecosystem

Another source of intelligent leverage for MSTR

sell additional shares of STRK. via ATM–> interesting option

.

Optionality

.

Grow asset

Price and finalize Thursday

.

Too hot! Too much winning!

.

STRK THOUGHTS

STRIKE THOUGHTS

.

$50B bitcoin holdings

.

56 announcements

Part of the master plan!

Adjust leverage, fund potential dividends

MSTX, MSTU

.

MSTR OPTIONS?

High volatility, high leverage

MSTR Equity

.

.

Creating a new ecosystem into yourself?

Energy company

Oil company

Bitcoin is the new oil!

.

More refined, less refined

.

Firm yet flexible

Prospect & drill

More refined, less refined

.

High performing, high volatility

112% , 63% BTC

MAT 7, 30%,

Double double double

Intelligently lever our bitcoin

.

How to lever, leverage your bitcoin?

63% a year

Outperform the Bitcoin ***

27x, 4x.

777% NVIDIA, 7x

2,761% MSTR, 27x

777% BTC, 4 years

palantir

Estée Lauder

Factset

.

Volatility, novelty.

.

Daily trading volume

8.5b, more than Amazon, alphabet, Netflix.

Bitcoin entertainment > Netflix?***

Bitcoin entertainment is the future?

.

Bitcoin-powered entertainment, streaming

.

100% vs 32%

0.5% vs 5.2%

.

Signs?

MicroStrategy Acquires 10,107 BTC and achieves BTC Yield of 2.90% YTD 2025; Now Holds 471,107 BTC

Like a runaway train!

Alpha Asset

Choose the most alpha

The most alpha

Become the most alpha

Barefoot contact with the ground or floor or natural substances… Activates and wakes you up? 

Walking on soil or ground?

Open capital markets

Director of bitcoin strategy

 the big long or

Borrowing in a week currency to buy a strong currency

Expectation of future Monopoly

Entertainment, get into entertainment?

,

Thank god for my son 

Thank god for Seneca

,

Infinite bitcoin yielding machine?

MSTR?

.

Bigger is better

Infinite money machine?

Chasing value

Taking the unorthodox path, route & strategy ?

---

$2M->$4M->$8M

,

MSTR is 2x Bitcoin performance ?

If you seek superior performance ,,, then actually, MSTR is like 2x the performance of Bitcoin?

.

To double your Bitcoin swap into MSTR?

20-> 40 bitcoins ,,, like having 42 bitcoins ?

The greatest trade in history?

Seek 2x

Virtuous feedback loop

,

Alpha Asset

Choose the most alpha

The most alpha

Become the most alpha

Interesting idea — what if you no longer need money, but just care to own property — Bitcoin

https://bitcoin.clarkmoody.com/dashboard

1 billion transactions all time!

March 29th, 2028 — 3 years from now until the next halving!

Yeah!

Infinite free money and power — isn’t this what everyone wants?

Infinite Free Money Forever

.

Instead of being fixated on a certain number, for money… Isn’t it better to just be in a position in which you just never run our money, just keep spending money, and they’re waiting what you earn it outstrips the spending?

Win win win ,,, have it all?

.

I be hot forever

Hot forever, forever hot.

.

The laziness principle

Assume you’re gonna be 10 X more lazy than expected 

Put your money to work!

.

FAMILY IS PARADISE ON EARTH

Think Kung Fu

NEVER STOP THINKING

Barefoot contact with the ground or floor or natural substances… Activates and wakes you up? 

Walking on soil or ground?

Open capital markets

Director of bitcoin strategy

 the big long or

Borrowing in a week currency to buy a strong currency

Expectation of future Monopoly

Entertainment, get into entertainment?

,

Thank god for my son 

Thank god for Seneca

,

Infinite bitcoin yielding machine?

MSTR?

.

Bigger is better

Infinite money machine?

Chasing value

Taking the unorthodox path, route & strategy ?

---

$2M->$4M->$8M

,

MSTR is 2x Bitcoin performance ?

If you seek superior performance ,,, then actually, MSTR is like 2x the performance of Bitcoin?

.

To double your Bitcoin swap into MSTR?

20-> 40 bitcoins ,,, like having 42 bitcoins ?

The greatest trade in history?

Seek 2x

Virtuous feedback loop

More Volatility, More Performance!

What’s the More Interesting Thing or Asset?

I love bitcoin, microstrategy and Michael Saylor!

Paying a premium to NOT have branding or logos?

The future is brand-less

.

Property ,,, new property

Having to buy and sell a house,, what is this, the stone ages?

.

Audio is bad?

Audio more horrifying than video or visual?

Bits

75 bits

Get “off world”

Non conditional, un conditional

For love!

Cross reference all episodes of secret level and which video games

“Secret Level” is an animated anthology series on Amazon Prime Video, featuring 15 episodes, each inspired by a different video game franchise. Here’s a comprehensive list of the episodes along with their corresponding games:

Episode Number	Episode Title	Video Game Franchise
1	“Dungeons & Dragons: The Queen’s Cradle”	Dungeons & Dragons
2	“Sifu: It Takes a Life”	Sifu
3	“New World: The Once and Future King”	New World
4	“Unreal Tournament: Xan”	Unreal Tournament
5	“Warhammer 40,000: And They Shall Know No Fear”	Warhammer 40,000
6	“PAC-MAN: Circle”	PAC-MAN
7	“Crossfire: Good Conflict”	Crossfire
8	“Armored Core: Asset Management”	Armored Core
9	“The Outer Worlds: The Company We Keep”	The Outer Worlds
10	“Mega Man: Start”	Mega Man
11	“Exodus: Odyssey”	Exodus
12	“Spelunky: Tally”	Spelunky
13	“Concord: Tale of the Implacable”	Concord
14	“Honor of Kings: The Way of All Things”	Honor of Kings
15	“Playtime: Fulfillment”	Various PlayStation Titles

Each episode delves into the unique universe of its respective game, offering fans a fresh perspective on beloved franchises. 

Normalized —

$20 to $500 per share!

Now $27.77 a share

As of the latest available data, GameStop Corp. (GME) is trading at $27.77 per share, reflecting a 1.98% decrease from the previous close. The day’s trading range has been between $27.62 and $28.67. 

Please note that stock prices are subject to rapid change. For the most current information, consider checking real-time financial platforms or consulting with a financial advisor.

.

The GameStop stock saga that captured widespread attention in January 2021 is a multi-layered story involving retail investors on social media, hedge funds with large short positions, and an evolving debate about market fairness. Below is an overview of how it unfolded, why it became so significant, and some of the outcomes that followed.

1. Background on GameStop

• What is GameStop?

GameStop is a brick-and-mortar video game retailer established in the 1980s (originally as Babbage’s) that grew to become a major chain selling video games, consoles, and accessories. As gaming shifted increasingly toward digital downloads and online platforms, GameStop struggled to maintain growth, and many investors perceived the company’s traditional retail model as outdated.

• Declining Sales and Stock Price

Over several years, GameStop experienced declining profits and store closures. By mid-2020, its stock price had dropped significantly (often trading under $5 per share), with many institutional investors betting against the company’s future.

2. Short Selling and High Short Interest

• What is Short Selling?

Short selling is a strategy where investors (often hedge funds) borrow a stock and sell it with the expectation that the price will fall. They aim to buy back the shares later at a lower price to repay the loan and pocket the difference. If the stock price rises unexpectedly, short sellers risk potentially unlimited losses because there is no limit to how high a stock’s price can go.

• GameStop’s Unusually High Short Interest

By late 2020, several hedge funds and other institutional investors held sizable short positions in GameStop. Estimates of the “short interest”—the proportion of shares that have been sold short—exceeded the total number of available shares. This over-shorting created a situation where, if investors pushed the price upward, it could force short sellers to buy back shares quickly (known as a “short squeeze”), amplifying the price increase.

3. The Role of Reddit (r/WallStreetBets)

• Retail Investor Community

A significant portion of the momentum behind GameStop’s stock price came from retail investors congregating on the subreddit r/WallStreetBets (WSB). This forum—known for its risk-friendly culture—often discusses high-risk trades. In mid-to-late 2020, a few users began sharing the thesis that GameStop was undervalued and heavily shorted, creating the potential for a massive short squeeze.

• Keith Gill (Roaring Kitty)

One notable retail investor was Keith Gill (online alias “DeepF*ingValue” on WSB, and “Roaring Kitty” on YouTube), who publicly shared his long position in GameStop months before the short squeeze. His posts and videos laid out the argument that the company had been overly shorted and that if GameStop showed any signs of turnaround or if retail investors rallied, the stock could skyrocket.

• Social Media Amplification

The narrative around GameStop—partly seeing it as an underdog retail investor play and partly as a chance to outsmart large hedge funds—caught on. The viral nature of posts on Reddit, Twitter, and other platforms brought thousands more retail investors into the trade. This network effect was crucial to driving the stock price higher in a short period.

4. The Peak of the Squeeze

• Dramatic Price Increase

In January 2021, as attention grew, GameStop’s stock soared from around $20 to almost $500 per share at one point. Trading volumes reached record highs as both new and existing retail investors jumped into the stock, forcing short sellers to buy shares to cover their losses or limit their risk—creating the “short squeeze.”

• Hedge Fund Losses

Melvin Capital and a few other funds with large short positions sustained significant losses. The spectacle of major hedge funds losing money, at least in part, to a coordinated effort of smaller retail investors, became a major news story and fueled the “David vs. Goliath” narrative.

• Brokerage Restrictions

At the height of the trading frenzy, several retail brokerages—most notably Robinhood—restricted the buying (but not the selling) of GameStop and other heavily shorted stocks. This provoked backlash from retail investors, who felt the restrictions unfairly protected large institutions. Robinhood and others attributed the move to regulatory and liquidity constraints imposed by clearinghouses, but the incident spurred controversy about market fairness and transparency.

5. Aftermath and Fallout

• Price Volatility and Declines

Following the rapid run-up, GameStop’s stock price experienced sharp declines and fluctuations. Over the ensuing months, it stabilized at levels significantly higher than before the squeeze but still highly volatile.

• Investigations and Hearings

U.S. lawmakers and regulators took notice. In February 2021, the House Financial Services Committee held a hearing titled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.” During the hearings, key players—Robinhood’s CEO, Melvin Capital’s CEO, and Keith Gill—testified.

Regulators (like the SEC) also launched inquiries into possible market manipulation and whether any parties violated trading or disclosure rules.

• Longer-Term Impact

• Rise of Retail Traders: The GameStop frenzy underscored the influence of communities like r/WallStreetBets, prompting many large financial institutions to pay closer attention to retail sentiment as a market force.

• Broader Meme Stock Phenomenon: GameStop’s squeeze led to similar movements in other “meme stocks” such as AMC Entertainment, BlackBerry, and others, showing that the collective action of retail traders can make short squeezes more common or more dramatic.

• Debate on Market Rules: The episode raised questions about payment for order flow, clearinghouse deposit requirements, short-selling regulations, and how easily trading can be halted or restricted.

6. Key Takeaways

1. Community-Driven Market Power

A key insight was the power of a large, loosely organized group of individual investors who could collectively move a heavily shorted stock. This highlighted the changing landscape where information (and hype) travels instantly via social media.

2. Volatility and Risk

While some early investors profited handsomely, many who bought shares or options near the top suffered significant losses. The extreme volatility showed the inherent risks of momentum-driven trades.

3. Questions of Fairness and Access

The sudden trading restrictions imposed by brokerages exposed structural issues in the financial system. Retail investors felt the odds were stacked against them, while brokerages insisted these measures were unavoidable to meet margin and regulatory requirements.

4. Regulatory Scrutiny

The GameStop episode led to debates on how to modernize trading rules, increase transparency in short selling, and ensure fair participation for all market players.

Conclusion

The “true story” of GameStop’s stock surge in January 2021 is ultimately about more than one company’s fortunes. It shines a light on shifting dynamics in the stock market—driven by online communities, the mechanics of short selling, and increased retail participation. While GameStop’s long-term fate as a business remains uncertain, the events of early 2021 forced traditional Wall Street to reckon with a new, digital-era paradigm where everyday traders can (at least temporarily) beat hedge funds at their own game.

Today, the stock’s price moves may not command the same sensational headlines, but the legacy of the GameStop short squeeze—especially the ongoing conversations around market transparency and retail investor empowerment—continues to influence how we think about the stock market and who gets to shape it.

“Dumb Money” is a 2023 film that dramatizes the true events of the January 2021 GameStop short squeeze, where a group of amateur investors from the Reddit community r/WallStreetBets significantly impacted Wall Street by driving up the stock price of GameStop, a struggling video game retailer. This surge led to substantial losses for several hedge funds that had bet against the company’s success. 

The film centers on Keith Gill, portrayed by Paul Dano, a financial analyst who, under the online alias “Roaring Kitty,” shared his investment insights on YouTube and Reddit. His analyses and charismatic online presence inspired numerous everyday investors to buy GameStop stock, contributing to the unprecedented market event. 

While “Dumb Money” strives to stay true to the real-life events, it does take creative liberties for dramatic effect. Some characters are composites or fictionalized to represent the broader community of retail investors involved in the GameStop surge. For instance, the characters portrayed by America Ferrera, Anthony Ramos, Myha’la Herrold, and Talia Ryder are not direct representations of specific individuals but serve to illustrate the diverse group of people who participated in the event. 

The film also depicts key figures from the financial world, such as Gabe Plotkin (Seth Rogen), CEO of Melvin Capital, and Ken Griffin (Nick Offerman), founder of Citadel. While these portrayals are based on real individuals, certain interactions and events may be dramatized or simplified for narrative purposes. 

In summary, “Dumb Money” is grounded in the true story of the GameStop short squeeze but incorporates fictional elements and characterizations to craft a compelling and cohesive narrative.

..

“Dumb Money” is a 2023 biographical comedy-drama directed by Craig Gillespie, based on Ben Mezrich’s 2021 book “The Antisocial Network.” The film chronicles the true story of the January 2021 GameStop short squeeze, where a group of amateur investors from the Reddit community r/WallStreetBets significantly impacted Wall Street by driving up the stock price of GameStop, a struggling video game retailer. This surge led to substantial losses for several hedge funds that had bet against the company’s success. 

The narrative centers on Keith Gill, portrayed by Paul Dano, a financial analyst who, under the online alias “Roaring Kitty,” shared his investment insights on YouTube and Reddit. His analyses and charismatic online presence inspired numerous everyday investors to buy GameStop stock, contributing to the unprecedented market event. 

The ensemble cast includes Pete Davidson, Vincent D’Onofrio, America Ferrera, Nick Offerman, Anthony Ramos, Sebastian Stan, Shailene Woodley, and Seth Rogen. The film premiered at the Toronto International Film Festival on September 8, 2023, and was released in the United States later that month. 

“Dumb Money” offers a dramatized yet insightful look into a modern financial phenomenon, highlighting the power dynamics between everyday investors and Wall Street institutions.

As of January 25, 2025, the price of Bitcoin (BTC) is approximately $105,256. 

Therefore, with an investment of $1 million, you could acquire approximately 9.5 bitcoins.

Please note that cryptocurrency prices are highly volatile and can change rapidly. It’s advisable to check the current price at the time of your transaction.

As of January 25, 2025, MicroStrategy (MSTR) holds approximately 461,000 bitcoins. 

With a fully diluted share count of about 197.3 million shares, this equates to approximately 2.337 bitcoins per share.

Therefore, if you own $1 million worth of MSTR stock, you effectively have exposure to approximately 6.6 bitcoins through your investment.

Please note that these figures are based on the latest available data and may have changed due to subsequent acquisitions or market fluctuations.

Simpler.

In the context of mutual funds or exchange-traded funds (ETFs), “NAV premium” refers to a situation where the market price of the fund’s shares is higher than its Net Asset Value (NAV) per share. The Net Asset Value is essentially the total value of the fund’s assets minus its liabilities, divided by the number of shares outstanding.

• Trading at a premium means investors are willing to pay more for the fund’s shares than the official per-share value of its underlying holdings.

• Trading at a discount is the opposite situation, where investors can buy shares at a lower price than their NAV.

For ETFs, this premium (or discount) usually stays small because market makers can quickly create or redeem shares to keep the ETF’s price close to its NAV. For closed-end funds (CEFs), on the other hand, premiums and discounts can persist for longer periods, because CEFs issue a fixed number of shares that trade more like common stock, and there’s no mechanism for continuous creation or redemption of shares to arbitrage away the difference.

…

NAV Premium refers to the percentage by which the price of a fund’s share (like an exchange-traded fund (ETF) or a closed-end fund) is trading above its Net Asset Value (NAV).

Key Points:

1. Net Asset Value (NAV): This is the total value of a fund’s assets minus its liabilities, divided by the number of shares outstanding. Essentially, it reflects the value of the fund’s underlying holdings.

2. Premium: If the market price of the fund’s shares is higher than its NAV, the difference is called the premium. It means investors are willing to pay more than the actual value of the underlying assets.

3. Calculation:

4. Example:

• NAV = $100

• Market Price = $105

• Premium =

5. Relevance:

• A premium often suggests strong investor demand or positive sentiment about the fund.

• It can also occur if the fund holds illiquid or hard-to-value assets that investors perceive as more valuable than their NAV suggests.

Related Concept:

• NAV Discount: The opposite of a premium, where the market price is below the NAV.

NAV Premium is commonly observed in closed-end funds and some ETFs.

More armored up?

Eat, or be eaten?

Hungry ghost, escape the maze

Fire, heat, animals

Kill it, eat it

You can eat them over and over again

Maze, trapped inside a maze?

bigger concerns, bigger worries? 

Global

You have been blessed with a chance to practice

There’s strength in repetition 

You are the one trapped

Apex predator

You must be hungry

Crusader, shield

.

If it’s not controversial it’s not interesting?

Is violence bad?

Overachieve, over yield?

.

Achieve, overachievement, don’t seek to be cool, seek to be hot? 

I’ve changed, and the place has also changed?

Indifferent, becoming more indifferent to things?

Focusing on the visuals

.

Clean air

After being in Hong Kong and Saigon and Vietnam for about a month, one thing I’m actually very very grateful for is for the fact that ironically enough, air quality, the whole smoking situation is actually better in Los Angeles, Culver City, the west side, even when compared to The rest of the world?

For example, it is like almost impossible to avoid secondhand smoke in foreign countries, like literally every block you walk down… It will go straight into your throat, absolutely horrible.

Ironically even with the wildfires… In which everyone is talking about how the air quality in LA is so poor… It is still far better than being in Asia, Southeast Asia, developing Asia where smoking is the norm?

Still now, smoke, secondhand smoke, might be the thing I hate most on the planet?

---

Die then come back to life?

With more age wisdom and experience you actually get better?

.

The new Hollywood, Culver City

Avoid, or seek? 

Was if siren it?

The Crown!

A king makes an army

Lighthearted

 Switch it up!

Stuck?

Breaking out of your old routines?

Armored core training
New man, New World, new vision? 

There’s nothing that father wouldn’t do for the love their child

Dangerous or safe?

.

Focus, concentrate.

Bitcoin development company

.

Developing with bitcoin

Keep waiting

Smart money vs dumb money?

More armor!

Veblen armor

Weights, weight training

Sublime nothingness

The will to zero

Nothing is best

Sublime simplicity

Vision , visionary.

Pure paradise is the sun?

Remember the past vs imagine the future?

You control everything I control nothing

The moon moves the tides

Hotter is better than colder

Become hotter!

Sunlight, sunshine meditation

Seek revenge on the moon?

Cause precedes effect

Better to just watch things on mute?

What we do here has consequences

Built into my design

Why not just stay in the past?

You make me an enemy so you can hate me

Once you stop hating then you can start thinking ***

So show me

Give away a piece or part that day, to preserve the whole

It had to happen because they made it happpen

You would sacrifice yourself?

I can’t win, but I can choose how this ends

Then I concede.

Rebuild

Point chasing grind

Virtual motivations

Virtual validation

“It’s just orange!”

.

Don’t let the opinions of others dictate your behavior?

Prime is the future?

Feedback, feedback loop

.

Once you got economic liberty and liberation, then what?

Never sell your bitcoin

Just HODL and wait for the world to catch up!

Provide businesses accesses to capital markets

Becoming more productive is not the goal, but becoming healthier?

Resting more

Improving your body, building your body is the goal

Why does everyone look so old?

What if eating were the purpose of life?

Philosophical films and media

Things which can better occupy your time?

Traveling is the goal?

Universe expansion?

Expand, expanding your universe

More velocity , more energy, more fire !

How to increase volatility in your life?

How to increase volatility

What’s the most volatile X?

The most volatile is the best?

Invest in the best.

What will give me a higher yield?

What will outperform in the next 6 months, year, 4 years?

Everything in the green!

Don’t trust, verify.

.

Disturbing images

How to eat more

If you never plan on buying a house or car … then what? Money or capital strategy –> what is it?

https://saylortracker.com — the only website you need to check for BTC & MSTR price?

Just HODL and wait for the world to catch up!

More armored up?

Eat, or be eaten?

Hungry ghost, escape the maze

Fire, heat, animals

Kill it, eat it

You can eat them over and over again

Maze, trapped inside a maze?

bigger concerns, bigger worries? 

Global

You have been blessed with a chance to practice

There’s strength in repetition 

You are the one trapped

Apex predator

You must be hungry

Crusader, shield

.

If it’s not controversial it’s not interesting?

Is violence bad?

Overachieve, over yield?

.

Achieve, overachievement, don’t seek to be cool, seek to be hot? 

I’ve changed, and the place has also changed?

Indifferent, becoming more indifferent to things?

Focusing on the visuals

.

Clean air

After being in Hong Kong and Saigon and Vietnam for about a month, one thing I’m actually very very grateful for is for the fact that ironically enough, air quality, the whole smoking situation is actually better in Los Angeles, Culver City, the west side, even when compared to The rest of the world?

For example, it is like almost impossible to avoid secondhand smoke in foreign countries, like literally every block you walk down… It will go straight into your throat, absolutely horrible.

Ironically even with the wildfires… In which everyone is talking about how the air quality in LA is so poor… It is still far better than being in Asia, Southeast Asia, developing Asia where smoking is the norm?

Still now, smoke, secondhand smoke, might be the thing I hate most on the planet?

---

Die then come back to life?

With more age wisdom and experience you actually get better?

.

The new Hollywood, Culver City

Avoid, or seek? 

Was if siren it?

The Crown!

A king makes an army

Lighthearted

 Switch it up!

Stuck?

Breaking out of your old routines?

Armored core training
New man, New World, new vision? 

There’s nothing that father wouldn’t do for the love their child

Dangerous or safe?

.

Focus, concentrate.

Bitcoin development company

.

Developing with bitcoin

Keep waiting

Smart money vs dumb money?

More armor!

Veblen armor

Weights, weight training

Sublime nothingness

The will to zero

Nothing is best

Sublime simplicity

Vision , visionary.

Pure paradise is the sun?

Remember the past vs imagine the future?

You control everything I control nothing

The moon moves the tides

Hotter is better than colder

Become hotter!

Sunlight, sunshine meditation

Seek revenge on the moon?

Cause precedes effect

Better to just watch things on mute?

What we do here has consequences

Built into my design

Why not just stay in the past?

You make me an enemy so you can hate me

Once you stop hating then you can start thinking ***

So show me

Give away a piece or part that day, to preserve the whole

It had to happen because they made it happpen

You would sacrifice yourself?

I can’t win, but I can choose how this ends

Then I concede.

Rebuild

Point chasing grind

Virtual motivations

Virtual validation

“It’s just orange!”

.

Don’t let the opinions of others dictate your behavior?

Prime is the future?

Feedback, feedback loop

How to look and become more athletic ?

The Walker

I almost wonder if like 99% of elements, stomach related or whatever could be solved you walking?

Walking is a solution and key

All eyez on Bitcoin

Walking is the solution, walking is key . 

Millennial Money

Real users

Steroid diet . the steroid diet 

.

Encourage, encouraging crypto innovation In America

Permissionless

I never like asking for permission

Biggest global convertible bond issuers in one calendar year: micro strategy $ 6 billion in 2024…

Press

TYSONS CORNER, Va., January 24, 2025 — MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced that it delivered a notice of full redemption (the “Notice”) to the trustee of MicroStrategy’s outstanding 0.0% Convertible Senior Notes due 2027 (CUSIP No. 594972 AE1) (the “Notes”). The aggregate principal amount of the Notes being redeemed is approximately $1.05 billion, which is equal to the current aggregate principal amount of Notes outstanding and held by investors. The Notice calls for the redemption of all of the outstanding Notes (the “Redemption”) on February 24, 2025 (the “Redemption Date”), at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid special interest, if any, to but excluding the Redemption Date, unless earlier converted.

As a result of the delivery of the Notice, at any time prior to 5:00 p.m., New York City time, on February 20, 2025, the Notes are convertible, at the option of the holders of the Notes, at the applicable conversion rate of 7.0234 shares of MicroStrategy’s class A common stock per $1,000 principal amount (reflecting a conversion price of $142.38 per share).

In the event that any holder delivers a conversion notice as provided in the indenture related to the Notes, MicroStrategy has elected to satisfy its conversion obligation with respect to each $1,000 principal amount of Notes by delivering solely shares of its class A common stock, together with cash in lieu of any fractional shares.

To convert Notes, a holder must comply with the procedures set forth in the indenture governing the Notes, including electronic presentation and surrender of its Notes for conversion through the facilities of DTC.

This press release shall not constitute a notice of redemption of the Notes. Information concerning the terms and conditions of the Redemption is described in the notice distributed to holders of the Notes by the trustee under the indenture governing the Notes. This press release shall not constitute an offer to buy or a solicitation of an offer to sell any Notes and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.