TLDR:
- MSTR will buy 21b more of BTC thru ATMs

Last time they did was November 2024 to +-March 2025 (when price rallied from 60k to 110k)

obvious caveat is macro/tradfi & tariff price action, as I believe Saylor + ETF apes can support the price only so long

but this is best "bull thesis" there is out there

Saylor ran thru their "3 year" plan in 6 months and said "we are doubling down"

thank fuck for Trump again

for example, Japanese Metaplanet purchased more BTC previous week than Saylor

these "runners ups" (no pun intended) should be taken seriously

I will try to post here more regularly, but market, to nobody surprise, has been all about BTC, Hyperliquid and maybe 1-2 other altcoins

whereas Crypto Equities are a lot more interesting (via form of PIPE deals) which most people do not have access to, nor can I facilitate them for others..

Summary how I & my team trades & approach markets

- I trade for a fund (discretionary)
- We denominate in BTC (meaning, BTC is "benchmark" and we try to outperform BTC) -> that means I am always BTC spot long
- If I want to "derisk", I short BTC via Perps, never sell spot BTC (example 5 BTC spot long, 3 BTC short -> still "net long 2 BTC"

I believe BTC is correlated heavily to tradfi (SP500 & Nasdaq) as in the post-ETF world its been trading very close to it

Therefore Macro events move TradFi -> moves BTC

For that reason, each sunday I pinpoint events, narratives and dates that could lead to intraday volatility -> trade setups

That would be going on this website and looking for high impact events, this week for example

Wednesday June 11th, CPI in USA
https://www.forexfactory.com/calendar

as "BTC maxi" fund we are very pleased with BTC performance & outperformance this cycle, that does not come as surprise at all because

- BTC spot ETFs are the MOST successful ETF ever (IBIT)
- Saylor is buying billions and billions (21/21 plan -> 42/42 plan)
- MSTR copycats and PIPE deals are raising billions to accumulate BTC
- USA pro-crypto/friendly government, SEC & CFTC
- Rest of the world following suit with regards to regulation (mostly focused on BTC and stablecoins)
- Altcoin market is saturated, net-inflation of these altcoins, predatory tokenomics and toxic lock-ups & lack of buyers led to altcoin market being heavily sold into, especially against BTC

Hope this helps clarify some of the stances I have and why its for us, as of right now, still, mostly BTC show

My DMs are open, feel free to DM with any and all questions.

bumping this regarding BTC treasury companies & recent announcements and raises

TLDR:
Bitcoin good, hard to be bearish BTC unless
- TradFi has massive correction
- MSTR copycats run out of money (not happening anytime soon)

MSTR + CEP + ASST + SMLR + NAKA + DJT = $76B in capital raising ability to buy Bitcoin.

That's 56% of the AUM of the Bitcoin ETFs and 169% of the net inflows the ETF complex has achieved in last 16 months.

source:
https://x.com/matthew_sigel/status/1932040301675266541

i dont think its sensible to be "top blasting" BTC or necessarily longing the ATH break (even thought that in previous cycles was "profitable")

but having ZERO exposure to BTC is just ignorant

Good night

Lol

i will be looking for longs once Two Chihuahuas stop barking

*TRUMP: IRAN MUST MAKE A DEAL, BEFORE THERE IS NOTHING LEFT

*TRUMP: UNITED STATES MAKES THE BEST AND MOST LETHAL MILITARY EQUIPMENT ANYWHERE IN THE WORLD, BY FAR, AND THAT ISRAEL HAS A LOT OF IT, WITH MUCH MORE TO COME - AND THEY KNOW HOW TO USE IT. IT WILL ONLY GET WORSE

best thing to happen to crypto this year

BWENEWS: PumpFun's Twitter account suspended

方程式新闻: PumpFun的Twitter帐户已被暂停

————————————
2025-06-17 03:29:56

Israel & USA vs. Iran lasted... 2 weeks - so a little shorter than Trumps Tariffs

Markets should be completely cleared of "war risk", Crude Oil was not buying it at all last couple,

TradFi a few % away from new all-time-highs

if there is any takeaway from Trump presidency so far — nothing him or his cabinet have to say should be taken at face value - trading headlines around him flip-flopping has been a profitable venture

since this "war" is out of the way - hopefully more constructive thoughts in the coming days.

Gn 💤

It is no secret that I like BTC (in this chat you will find regular bias towards "long BTC/short ALT" setups as it was a money printer for past 3 years)

TLDR: As long as IBIT is buying and TradFi is not nuking, BTC will continue going upwards. Being net-short BTC is single worst trade one could have, if you are bearish crypto - just short basket of altcoins

I think that currently the entire market is quite straight forward and its all BTC show. That is caused by few entities (ETFs & Saylor)

IBIT (Blackrock spot ETF) purchases of BTC
last 1M: $3.67b
last 3M: $11.71b
last 12M: $34b
All time: $51.65b

Saylor purchases of BTC
last 1M: $1.26b
last 3M: $8.15b
last 12M: $27b

& there are now countless of MSTR copycats (Metaplanet, Nakamoto, 21, even notorious grifter Anthony Pompliano bought just shy of 400m of BTC (to buy 600m more)

I know that I repeat myself a lot with todays update, but its never been more straight forward and clear narrative for BTC upside & outperformance

Michael Saylor paved the way, he was a true "pioneer" when it comes to institutional adoption, as for Michael Saylor and MSTR, for him to keep deploying billions and billions per week, MSTR NAV prem must be at least in 1.8x range for them to deploy lots of ATMs.

Some very useful links where you can keep track of everything mentioned (all free, of course)
- https://saylortracker.com/ (Saylor Premium & overview)
- https://bitcointreasuries.net/ (List of biggest BTC Insti holders)
- https://farside.co.uk/btc/ (BTC spot ETF inflows)

Realistically, I dont see anything changing, any time soon for overall "crypto narrative" - its BTC season, and if TradFi goes down a lot and BTC spot ETF inflows slow down and or go negative, then altcoins will go 2 meters under the ground.

We just had a "12 day war" in middle east, yet Nasdaq made a fresh new-all-time-highs yesterday
- Dollar is consistently making new multi-year lows and is super weak
- FED will cut rates (as soon as in July FOMC 5 weeks from now)

Altcoins have been consistently weak as apart from very select few (as of late: HYPE, ETH, Fartcoin) have constant unlocks and unlimited & predatory vesting schedules and tokenomics, where despite coins being down -80%, early backers are still up high multiples and will continue selling it towards guaranteed zero.

Past few months there have been multiple types of trades and setups we took:

1) news-trading around Trump & his cabinet contradicting themselves every few hrs (effective, but very time consuming for intra-day moves)
2) crypto equities/PIPE/SPAC deals (look at SBET, Circle, COIN & many others) - you can size well into these
3) short UpBit listings (they tend to retrace in first 48 hrs post pump)
4) hold spot BTC & never sell your spot BTC :)

Have a beautiful day & go, Bitcoin!