Remember how $GME raised billions in convertible bonds, then only spent a tiny fraction of the funds raised and none of their treasury cash?

$SQNS did the opposite. $358.5M net proceeds from initial fundraise fully deployed into BTC, and now an additional $10M of treasury cash. x.com/Sequans/status…

Important recent history for anyone not aware of the real cause of the 2022 price crash. It wasn’t SBF.

Rough MNAV calcs:

$CEP/XXI:

$274M mktcap for 2.7% = $10.15B post-merge

42k BTC at $117.7k

MNAV = 2.05x

$NAKA

$66.5M mktcap for 1.2% = $5.54B post-merge

$750M of BTC coming

MNAV = 7.39x

Slick purchase history view from the upcoming @sequance LBE analytics dashboard 👀

Great stuff from @BenWerkman @skwp and the team!

A Satoshi-era whale just sold 80,000 BTC—worth over $9 billion.

These coins sat untouched since 2011.

Now they’re gone.

And Bitcoin barely moved.

This is more than a sale. It’s the clearest signal of what’s coming next. 🧵👇

3000 BTC has been breached by the French! Allez @sequans!!

Gonna be a big week of announcements from @sequans and @swan. Looking forward to sharing our plans with all of you now that we’re officially signed on 😎

Nope, I had it right the first time. Page 42 sums up the disputed BTC at 57,429, or $6.85 billion at $119,350 per BTC

“(d) Require Defendants to relinquish to Plaintiffs the 15,658.21 Bitcoin,

2,228.01 Bitcoin, and 39,542.42 Bitcoin (subject to § 550(d) and without duplication)

preferentially transferred by Plaintiffs to Defendants during the § 547(b) Period (plus any

additional avoidable transfers that Plaintiffs learn, through discovery or otherwise, were

made to Defendants during the § 547(b) Period), or, in the alternative, award Plaintiffs the

present value of all Bitcoin (subject to § 550(d) and without duplication) preferentially

transferred to Defendants during the § 547(b) Period;7”

Looks like it’s 39,542 Celsius user bitcoins the estate is trying to recover from Tether, not 57k (saw that higher number a while back). It’s in the Second Amended Complaint just filed by Celsius Estate on Friday:

Has anyone confirmed whether the 25,000 BTC coming from BSTRC in the Caymans that’s being contributed to BSTR is coming from Tether? I’d assume BSTRC is a Cayman SPV that Tether owns and/or controls. Blockstream doesn’t have that kind of coin to my knowledge.

Three true statements:

1) the pool is warm

2) the jacuzzi isn’t warm

3) the jacuzzi is warmer than the pool

The above confuses crypto buyers.

Is Bitcoin the inevitable dominant currency of AI agents?

Contrary to @nntaleb’s ruminations (and voluminous calculations with lots of annotations, ripe for peer review!) a few years back about Bitcoin definitely going to zero, FIAT IS THE ABSORBING BARRIER, not Bitcoin.

Once BTC fully monetizes and global pricing shifts to sats, fiat dies and doesn’t come back.

I would never, EVER take the payday for just myself to front an LBE. Have gotten multiple massive offers, but it would be insanely immoral and disrespectful to all of our incredible colleagues and shareholders at Swan for me to personally monetize what we’ve built together.

How many BTC do you need to rank in the top 1% vs other people in your age group on total net worth?

Sequans (NYSE:SQNS) shareholder vote APPROVED! Up to 7 billion new shares 😎

LET'S BUY SOME BITCOIN!!!

Still noodling on a term for companies that are uniquely focused on accumulating Bitcoin by issuing securities (ie, not just putting a little bit on their balance sheet).

Bitcoin Treasury Companies doesn't work bc it doesn't make the distinction.

I'd like to move off of Leveraged Bitcoin Equities (LBEs), which was only intended for an institutional audience initially, and has the dirty word "leverage" in it.

Some new options below; please weigh in. And if you have other ideas please reply.

1 - Public Bitcoin Accumulators (PBAs)

2 - Bitcoin Accretion Companies (BACs) / Bitcoin Accrual Companies

3 - Bitcoin-Driven Equities (BDEs)

4 - Bitcoin Growth Companies (BGCs)

Wow, this Crime Szn thing is out of control 😅

Real: MSTR, SMLR, MTPLF, FLD, XXI, NAKA

Fake: SBET, DFDV, MFH, TDTH, and any other “digital asset” treasury stocks

That’s a reasonable take and worth a debate.

I think plebs should be 100% long BTC until they’re rich.

HNW investors should have at least 80% of their Bitcoin-related portfolio allocated to real Bitcoin. You’re not going to stop em from playing with BTCTCs.