Bitcoin has moved from 106 k to 118 k the last 2 weeks. Strategy has bought zero. The narrative that Strategy is somehow driving the price higher and holding the market is taking a hit. #btc #strategy #mstr

ATM doing its job #strategy #btc

Warren Buffett is a bitcoiner, he just does not know it yet #btc #bitcoin #buffett #fiat

Uncoupling #BTC

Big red button loading

#fiat #btc #bitcoin

China possible play:

Sell U.S. bonds to raise yields, pressuring the U.S. as debt refinancing is coming closer.

Swap dollars for local cash, which would be a strengthening move for the yuan, while simultaneously printing money in the back end to offset this effect.

This would offset tariffs, pressure the US and stimulate domestically (which is desperately needed).

Chinas deflationary forces would give them the leeway they need to pull of this tactic.

#China #US #Nothingstopsthistrain

China possible play:

Sell U.S. bonds to raise yields, pressuring the U.S. as debt refinancing is coming closer.

Swap dollars for local cash, which would be a strengthening move for the yuan, while simultaneously printing money in the back end to offset this effect.

This would offset tariffs, pressure the US and stimulate domestically (which is desperately needed).

Chinas deflationary forces would give them the leeway they need to pull of this tactic.

83 is the new 58 🧲 #btc #bitcoin

A lot of green signals at the moment…

- Leverage and week hands flushed.

- Dollar generally moving in the right direction.

- 10-year dropping

- I think* inflation might surprise to the downside.

- Notice hash rate mowing significantly upwards the last days, exceeding 1000 TH/s 👀

Absolutely fascinating to watch.

Leveraged longs got liquidated, and appears to be exhausted (No significant leverage building so far). This is different than what we have seen during other drawdowns the last months.

Adding to my position at these prices.

Just bought shares of Strategy #btc #mstr #strategy

Innovation needs constraints.

- Chamath Palihapitiya

That is such a profound quote, master class.

Watching Strategy executing on 17 of the planned 21 billion through the ATM the last months has been massively impressive.

They managed to capture a huge amount of premium, while the stock at present time is still hovering around 2 mNav.

They are now switching to the CB, which I see as a big turning point of the 21/21 strategy.

The beach ball is pushed deep underwater by Bitcoin going sideways and ATM deployment.

As they deploy CB and add leverage, the beach ball starts to wiggle.

What makes it escape the hand is yet to see, but could be one of several things. FASB Q1 and the market eye opener that could follow, US or other Strategic BTC reserve, unrealised gains tax signal from the IRS or any other news that causes Bitcoin to appreciate.

Note: Could they leave some portion of the ATM to accommodate the STRK dividend? That would be a slick way to make sure they can easily pay the dividend without using the cash flow from the legacy operations.

nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l

#btc #bitcoin #strategy

Buyers of Strategys convertible debt often use convertible arbitrag, buying the debt and shorting the stock to hedge.

How It Works

Convertible debt can be converted into shares. Hedge funds buy it and short the stock to offset stock price drops, aiming to profit from volatility and interest.

Timing

1. Announcement (Feb 18): Strategy reveals the offering. Investors analyze but don’t act yet as terms aren not final yet.

2. Pricing (Feb 19): Terms are set soon after, possibly Feb 19.

3. Shorting (Post-Pricing): They short Strategy stock after securing debt, likely late Feb 18 or early Feb 19, based on the bond’s delta.

4. Settlement (T+2): Debt settles (Feb 20), but shorting starts earlier.

Likely Timing/Conclusion:

- Debt Purchase: Committed late Feb 18 or early Feb 19, settled later.

- Shorting: Began Feb 19, post-pricing.

!!: Likely why we could see Strategy stock down 5% yesterday.

#btc #strategy

Could Strategy being down today be a signal of strong demand for CB?

Big players participating shorting the stock hedging their position.

#btc #strategy

People are piling on the leveraged long trying to catch the next upswing. This might work, for some. For most they will get destroyed, liquidated.

Very short term looks too leveraged, long term looks bullish. Stay calm & stack sats, it will move more than enough. No need for leverage. #btc

Looks like you are about to get your wish fulfilled sir. A bit more to go, then up…📈

A cascade of good news over the next weeks and months could shoot this thing sky high.

Time to clear. Hopefully we can get a wick down to 92500. Then, up… #BTC #bitcoin

👀📉