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 harm”?

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