2015
The best job in the world
.
2 most important technologies of the century
ai & Bitcoin! ***
How much more fun can you have?
.
Put bitcoin on your balance sheet
The board!
Change the investment policy!
Understand finance really well
Spend the 1000 hours
Warsaw
Seoul Tokyo Singapore huanghzo Dubai São Paulo Mexico City
.
Poland hq2
Argentina
2012 cloud
BI
SILVER NOT BLACK
We invented the space!
Invented the BI space
Analytics in the 1990s
Invent your own space
Best analytics technology
Quite consistent
Invented because there is a need!
The true mother to innovation is need!
No need, no innovation?
.
35 years invent something change the market change the world!
Leader to invent things!
1,500 employees
Software engineer invent new things!
Ton of fun!
We are an innovation company ***
Innovate, invent new
Disrupt a decision you made 5 years ago! **
.
Love it or hate it
Not much in between
4 weeks or. 4 months or 4 years ago
Disruptive, questioning principles making decision yesterday –>
.
Push your athletes!
Coach
Thank you thank you for pushing me so hard!
Film it and provide feedback
100 yard dash
Guinea pig yourself
Blind spot
Ai can often give better feedback than humans?
AI is less pc?
.
Iterated
2026
Draw down
Diamond hands
Having conviction
First principles understanding & analysis
You have to do the work yourself
1000 hours conviction ,,, then go all in!
Don’t hedge and go half!
100% or nothing
First principles research
If you’re sure, you’re not wrong!
Steadfast
Chairman
Challenge is great!
Let me explain why we are still doing it
Learn from mistakes ,,, even more tremendous conviction?
.
Stay the course!
Guarantee you won’t go out of business!
Bitcoin as a technological solution to a financial problem
3,000 years
Distributed computing
PRICES.
Heat training!
.
Can technology help solve the problem?
It doesn’t bother me,,, because I’m trying something new !
.
A major issue or not?
.
Bitcoin for families!
Bitcoin for individuals
Bitcoin for photographers
Bitcoin for street photographers
.
Bitcoin backed solutions
Bitcoin for nation states
Adoption curve
Balance sheet
.
Bitcoin Class
Mergers & Acquisitions
Market cap company
.
Double their compensation
Your hurdle rate
15% S&P 500
.
Do what’s best!
Equity!
Owning stocks,,, owning equity!
Bitcoin Equity
.
Don’t decapitalization yourself!
Don’t decapitate yourself
60% rate of return!
.
Does it make sense to take out a big point back loan to buy more bitcoin?
Crappy job — “do no harmâ€?
Build, maximize shareholder value and balance sheet!
How to maximize your balance sheet
Allocate all of your capital towards it
.
40, 50, 60%
.
It must exceed 60%!***
.
35% hurdle rate of bitcoin
.
What is the goal or role of a corporation?
.
Not easy life!
Maximize shareholder value
Vision > Riches
Bureaucracy … given up
Bitcoin gives you hope
You get handed hope!
How to give people hope again?
.
Strong physiology
.
Most transparent public company in the world!
Hold to a higher regard
Above board
.
KPI’s
.
Bitcoin per share accretion per share !
.
Velocity in which you increase BITCOIN YIELD
2024
How to invest in Bitcoin when to lever up or not?
.
Bitcoin gain, Bitcoin gain in dollars
Report
$14B in Bitcoin dollar gain
.
GAAP metrics
.
Positive cash flows,
Excess cash , invest excess cash
.
TANK PHYSIOLOGY.
.
CLOSER TO THE STREETS
.
Flexible lifestyles?
Hurry up!
.
2.6X market bigger …
STRK
.
DIFFERENT POOLS OF CAPITAL
Fixed income, 10% fixed yield
$200k, off $2M…
10% dividend , fat fee
.
$300T,
$120T
.
Access the fixed income market
.
Hunt bigger markets?
.
Needing bitcoin off your invest,ent