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@btc_overflow Avatar @btc_overflow Brian Brookshire (Bitcoin Overflow)

Brian Brookshire, also known as Bitcoin Overflow, has been discussing the Bitcoin Treasury Company (BTC TC) space, specifically the growth and developments of various companies such as $MSTR, $MTPLF, $SWC, and $NAKA. The BTC TC sector is heating up, with companies accumulating Bitcoin and exploring new capital markets strategies, including preferred stock launches and ATM (At-The-Market) offerings. Brookshire has also been commenting on the competitive landscape and potential for growth in the sector, particularly in East Asia.

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Social category influence cryptocurrencies #227 finance #1185 stocks XXXXX% countries XXXX% exchanges XXXX% travel destinations XXXX% automotive brands XXXX%

Social topic influence bitcoin #83, $strc #4, $mtplf 4.35%, stocks #114, sqns 3.38%, $sqns 3.38%, #bitcoin 2.9%, saylor #37, atm 2.42%, mstr #142

Top accounts mentioned or mentioned by @kakapo_coder @mc_khristina @davmk1 @80iqmindset @wi1lwright @wildgoosejon @benwerkman @grok @bitcoin_bull_21 @adam3us @utxomgmt @dogcandles @bigpicture123 @vik_mittal @mckhristina @treasuryreport @nakamoto @corrodedwhenwet @mikewmunz @adrian_r_morris

Top assets mentioned Bitcoin (BTC) Metaplanet Inc. (MTPLF) Nakamoto Games (NAKA) Strategy (MSTR) Stride (STRD) Strategy Incorporated (STRF) Semler Scientific, Inc. (SMLR) TrumpCoin (DJT) Citigroup Inc (C) Goldman Sachs (GS) MARA Holdings, Inc. (MARA) BlackRock Inc (BLK)

Top Social Posts #

Top posts by engagements in the last XX hours

"@80IQmindset The BTCTC part of this cycle at least reminds me so much of 2017"
@btc_overflow Avatar @btc_overflow on X 2025-07-25 01:37:00 UTC 15.3K followers, XXX engagements

"It's still under appreciated how well $SWC's ATM-like program is structured. 1) Guarantee of no selling on down days. Psychologically huge for investors. 2) SWC pays X% execution fee to Shard. Comparable to MSTR ATM fees but potentially less than MTPLF's spread on MSWs"
@btc_overflow Avatar @btc_overflow on X 2025-07-13 14:34:43 UTC 15.2K followers, 20.8K engagements

"Unless someone can show me a source showing that the final share count for $STRC was higher than Fidelity says it was I'm pretty sure reports of $2.8B are based on incorrectly calculating the raise at $XXX par when the shares actually sold for $XX. Should be $2.52B. Still huge"
@btc_overflow Avatar @btc_overflow on X 2025-07-25 05:50:06 UTC 15.3K followers, 5672 engagements

"@PunterJeff The raise was indeed impressive but I think the "person familiar with the transaction" may have miscalculated"
@btc_overflow Avatar @btc_overflow on X 2025-07-25 05:31:41 UTC 15.3K followers, 2106 engagements

"With the possible exception of a handful of the world's largest markets I just don't think there is enough capital and mindshare to go around for more than one BTCTC per market to scale. I'm looking for the winners. Nano cap #52 in a small market will never achieve relevance"
@btc_overflow Avatar @btc_overflow on X 2025-07-19 21:40:24 UTC 15.2K followers, 5902 engagements

"I'm only interested in the Presidents Working Group on Digital Assets report if it contains: - Full accounting of total U.S. Gov BTC holdings - Concrete plans regarding Bitcoin Strategic Reserve My expectations are not high"
@btc_overflow Avatar @btc_overflow on X 2025-07-23 20:09:01 UTC 15.3K followers, 4212 engagements

"@wildgoosejon @BenWerkman Ben is CIO of Swan. Sequans is Swan's client to whom they've outsourced execution of the BTC Treasury strategy"
@btc_overflow Avatar @btc_overflow on X 2025-07-17 21:51:49 UTC 15.2K followers, XXX engagements

"@PDPhilaPhil IMO realistic best case scenario is full accounting of US Gov BTC holdings. Most likely scenario is more noncommittal promises to do feasibility investigations or plans for crypto regulation that don't materially impact bitcoin"
@btc_overflow Avatar @btc_overflow on X 2025-07-23 20:23:25 UTC 15.3K followers, XX engagements

"$SQNS data take X. It's one of those days. 😂 I think all pieces of the puzzle are included now. Sequans implied mNAV still looking cheap at 2.75"
@btc_overflow Avatar @btc_overflow on X 2025-07-10 23:05:05 UTC 15.3K followers, 11.1K engagements

"@RaynhamPatriot In a bitcoinized world all investing will involve trading the bitcoin for the investment. Bitcoin doesn't end investing"
@btc_overflow Avatar @btc_overflow on X 2025-07-21 22:14:34 UTC 15.2K followers, XX engagements

"$SQNS forward mNAV is 2x after the pullback today. Market is not pricing in @BenWerkman helming the treasury strategy and having one of the most well known companies in bitcoin behind it"
@btc_overflow Avatar @btc_overflow on X 2025-07-17 16:32:43 UTC 15.3K followers, 23.8K engagements

"$MTPLF MSW program functioning as intended. No selling into weakness. mNAV compressing. Weak hands rotating to strong hands. We've been here before"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 17:05:41 UTC 15.3K followers, 28K engagements

"$LQWD announces a $10M CAD ATM. One of the advantages of Canadian capital markets they have a US style ATM facility. No workarounds required"
@btc_overflow Avatar @btc_overflow on X 2025-07-15 19:30:11 UTC 15.2K followers, 6496 engagements

"Interesting. $SWC put in a fresh lower low which had me questioning whether or not short-term capitulation had really climaxed or not but it has bounced back to the open. I'm still watching SWC as a possible leading indicator of broader sentiment in the BTCTC sector"
@btc_overflow Avatar @btc_overflow on X 2025-07-23 14:52:09 UTC 15.3K followers, 9437 engagements

"@Benny_Stacks So they can upsize to $1B and market how well it performed"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 20:50:49 UTC 15.3K followers, XXX engagements

"Capital Group is giga long $MTPLF while Barclay's Citigroup Goldman Sachs and JP Morgan are short. I think one of these fund managers is going to significantly outperform the others"
@btc_overflow Avatar @btc_overflow on X 2025-07-08 12:08:31 UTC 15.3K followers, 17.1K engagements

"@Adrian_R_Morris Noted see revised pitch deck"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 16:16:33 UTC 15.3K followers, 1865 engagements

"Strategy is still really in trial and error mode with preferred stocks. In the short-to-medium term I think $STRC will prove its most popular preferred by a wide margin. But if that turns out to be the case why wouldn't Strategy have launched STRC first Why did Strategy launch the preferred stocks that it did in the order that it did In my mind this is how the trail of thought unfolded: 1) Let's launch a product that capitalizes on our success with convertible bonds but eliminates default risk and the complexity of individual private placements. And thus $STRK was born. 2) What is the largest"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 17:28:04 UTC 15.3K followers, XXX engagements

"Great news for $ALTBG investors the OTCID listing is coming. OTCID is a new classification launching in July that replaces OTC Pink and comes with enhanced reporting requirements. It has the 3rd most stringent reporting requirements behind OTCQX and OTCQB"
@btc_overflow Avatar @btc_overflow on X 2025-07-09 09:33:23 UTC 15.2K followers, 5661 engagements

"@morpheus7447x @JesseKobernick @Strategy @ryQuant @TheUnburntBush Imagine if Saylor just announced a few guardrails around it. If he even just said "we'll never sell below the previous day's close" it would go a long way toward sentiment. That's been an immensely popular part of MTPLF's MSW program"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 15:47:47 UTC 15.3K followers, XXX engagements

"$SQNS bitcoin purchases continue with an additional XXX bitcoin. Sequans still has $300M of its initial fundraise left to deploy (assuming additional warrants get exercised which is likely since they are now deep ITM)"
@btc_overflow Avatar @btc_overflow on X 2025-07-14 11:02:25 UTC 15.3K followers, 4974 engagements

"What if you could buy shares of $ASST with bitcoin but without paying capital gains tax on the bitcoin gains to do it Strive has found a clever way to do this with a Section XXX exchange. (Not financial or tax advice)"
@btc_overflow Avatar @btc_overflow on X 2025-07-21 22:08:50 UTC 15.2K followers, 3377 engagements

"@TransitoryHodl Not according to Fidelity"
@btc_overflow Avatar @btc_overflow on X 2025-07-25 04:56:59 UTC 15.3K followers, XX engagements

"The Korean market has even more unique restrictions than the Japanese market: - Statutory X yr lockup on private placements - Stricter up-tick rule for shorting - Difficult foreign access to KOSDAQ listings There's going to be no immediate release valve when BTCTC mNAV explodes"
@btc_overflow Avatar @btc_overflow on X 2025-07-14 13:49:42 UTC 15.2K followers, 2622 engagements

"Interesting. @BTCtreasuries is going to start ramping up its Bitcoin Treasury content with @pete_rizzo_. I look forward to seeing more journalistic coverage of the industry"
@btc_overflow Avatar @btc_overflow on X 2025-07-21 01:25:47 UTC 15.3K followers, 4841 engagements

"It appears the convertible bond era is not over after all. $MARA coming in with a fresh $850M raise"
@btc_overflow Avatar @btc_overflow on X 2025-07-23 13:58:56 UTC 15.3K followers, 3665 engagements

"$50K after BTC having come back from the bear market during which time MSTR issued zero convertible bonds from 2022-23. Because the bear market did in fact make it difficult for Strategy to borrow on favorable terms. If BTC were to drop XX% from here I find it a very difficult argument that the market would still be willing to give Strategy the same credit spread that it gives it today. That's not to say that it wouldn't be able to borrow at all but I just don't see any way that the rates it is able to get wouldn't be less favorable during a bear market"
@btc_overflow Avatar @btc_overflow on X 2025-07-23 16:25:20 UTC 15.3K followers, XXX engagements

"@JesseKobernick @Strategy @ryQuant @TheUnburntBush ✅ Common ATM has been off much of the past two months and mNAV did not in fact moon. Although counterpoint is that the market is so fearful (rightly or wrongly) of Saylor smashing the ATM that it doesn't want to bid up MSTR. A view reinforced on the weeks ATM was used"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 15:21:23 UTC 15.3K followers, 1007 engagements

"@apguidi @oinkbaamoo @UTXOmgmt @nakamoto That's a good question. We saw the issue resolved in dramatic fashion in the UK. Curious what the outcome will be in Canada"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 22:07:19 UTC 15.3K followers, XXX engagements

"Strategy's prefs are implicitly collateralized by BTC holdings. That's the basis of the BTC Rating system it's advocating. Let's say we have a BTC bear market with a XX% drawdown. Strategy's credit would be properly impaired and credit spreads would be expected to widen which would put downward pressure on STRF/D price"
@btc_overflow Avatar @btc_overflow on X 2025-07-23 13:42:31 UTC 15.2K followers, XX engagements

"Adam Back tried to buy so much $MTPLF today that his orders didn't all fill. If you capitulated Metaplanet shares today say hello to their new owner"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 22:40:01 UTC 15.3K followers, 32.5K engagements

"By far the biggest difficulty for BTCTC analysts is trying to get an accurate share count. BTCTCs could help us out by including an accurate and updated share count in every disclosure as well as the totals for all planned future share issuance"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 12:57:56 UTC 15.3K followers, 7718 engagements

"@HashOverCash21 The IPO is already allocated but it will take a few days to close and funds to clear"
@btc_overflow Avatar @btc_overflow on X 2025-07-25 04:25:31 UTC 15.3K followers, XXX engagements

"The $STRD ATM has arrived. 2x the size of Strategy's $STRF ATM ($4.2B vs $2.1B)"
@btc_overflow Avatar @btc_overflow on X 2025-07-07 14:06:28 UTC 15.2K followers, 3839 engagements

"$SQNS increases its bitcoin holdings over XXX% to 2317 BTC. SQNS has XX% of its initial funding plan still remaining to deploy"
@btc_overflow Avatar @btc_overflow on X 2025-07-21 11:38:49 UTC 15.3K followers, 4818 engagements

"Feels like BTCTC capitulation week. $SWC led with a possible bottom last week. Perhaps the rest of the sector finds a bottom this week. Consolidate for a few weeks start grinding back up"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 14:56:16 UTC 15.3K followers, 29.3K engagements

"The long-term capital and credit market arbitrages that make BTCTCs possible aren't going away anytime soon. Bitcoinization is a multi-decade project. The ability to simply stay the course with conviction will be a large factor in separating winners from also-rans"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 21:07:22 UTC 15.3K followers, 9649 engagements

"@DogCandles To game the launch metrics and market how well it performed"
@btc_overflow Avatar @btc_overflow on X 2025-07-25 10:10:41 UTC 15.3K followers, XX engagements

"Excellent visual depiction of my point from earlier. Looks like $MTPLF is on its own 5-6 month cycles"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 20:12:54 UTC 15.3K followers, 2782 engagements

""Preparing your moat for the bear market is not popular right now - but those that prepare will survive and thrive the inevitable downturn in this sector." Part of that moat could likely be to not hit max target leverage ratio during peak bull run and leave a buffer"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 12:50:21 UTC 15.3K followers, 2728 engagements

"I'm far more bullish on $STRC than any of Strategy's other preferred stocks to date. Large scale institutional adoption of STRF/K/D is not really here yet. STRC however fills a more pressing need today that complements demand for $MSTR--a place to park short-term cash"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 20:22:53 UTC 15.3K followers, 26.3K engagements

"I reiterate. I believe that in the short-to-medium term $STRC could prove Strategy's most popular preferred by a wide margin. But if that turns out to be the case why wouldn't Strategy have launched STRC first Why did Strategy launch the preferred stocks that it did in the order that it did In my mind this is how the trail of thought unfolded: 1) Let's launch a product that capitalizes on our success with convertible bonds but eliminates default risk and the complexity of individual private placements. And thus $STRK was born. 2) What is the largest type of fixed income product by volume"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 17:38:37 UTC 15.3K followers, 34K engagements

"$SMLR mixes it up with a Thursday morning bitcoin buy announcement of XXX BTC purchased with ATM proceeds"
@btc_overflow Avatar @btc_overflow on X 2025-07-17 12:49:09 UTC 15.3K followers, 4993 engagements

"$SQNS and @Swan clarify their working relationship. Swan is for the most part orchestrating the Bitcoin Treasury strategy on behalf of SQNS"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 12:11:50 UTC 15.3K followers, 2751 engagements

"@EricMaltbyKjr A 3x-7x grower with occasional 10x+ blow off tops is definitely not bearish at all. Metaplanet has already been following this pattern for some time"
@btc_overflow Avatar @btc_overflow on X 2025-07-14 22:24:23 UTC 15.2K followers, XXX engagements

"$STRC funding closes on Tuesday Aug 29th. Expect to see the shares trading shortly thereafter and the $2.52B buy reported two Mondays from now"
@btc_overflow Avatar @btc_overflow on X 2025-07-25 12:49:41 UTC 15.3K followers, XXX engagements

"We're at an interesting juncture where we see if the early darling Bitcoin Treasury Companies of this wave can continue their momentum or capital continues to rotate through a new batch of companies. I think a few will continue strong but wouldn't be surprised to lose some"
@btc_overflow Avatar @btc_overflow on X 2025-07-14 21:03:42 UTC 15.3K followers, 3642 engagements

"The @UTXOmgmt / @nakamoto premium on BTCTCs just went way up. The capital rotation in the sector has made people realize there is only room for one major player in each non-US market. Companies without industry names behind them will have a much harder time securing dominance"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 21:41:02 UTC 15.3K followers, 30.6K engagements

"Would still love to see some interviews with $KWM management and learn about the team behind this company but their fundraising is on point so far. K Wave Media will be an interesting contender to watch in the Korean market"
@btc_overflow Avatar @btc_overflow on X 2025-07-10 13:06:49 UTC 15.2K followers, 3993 engagements

"Today in fact might have been BTCTC capitulation day. We'll see what the coming days bring but for now $MTPLF is orange again in the land of the rising sun on the dawn of a new day"
@btc_overflow Avatar @btc_overflow on X 2025-07-23 01:39:59 UTC 15.3K followers, 30.2K engagements

"$SWC $TSWCF now has an ATM-like facility that increases its flexibility in capital raising. It will no doubt prove pivotal in continuing to scale towards 1000 BTC and beyond"
@btc_overflow Avatar @btc_overflow on X 2025-06-19 11:23:58 UTC 15.2K followers, 10.3K engagements

"@west_linux @grok Raising funds with STRD increases the bitcoin stack increasing the BTC Rating of STRF which sits higher in the capital stack"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 22:43:20 UTC 15.3K followers, XXX engagements

"$CEPO data take X. Spreadsheet fixes. That's what I get for trying to post data on new tickers in a hurry. Numbers improve to 1.43x forward mNAV"
@btc_overflow Avatar @btc_overflow on X 2025-07-18 03:34:40 UTC 15.3K followers, 44.8K engagements

"In a BTC bear market or multi-month downtrend it's unlikely that STRF/D price will quickly recover. Not necessarily a problem if it's long-term cash holdings meant to be held for years. However it is a problem if it's short term cash needed in 2-6 months. No SOFR tie is also somewhat misleading. For STRC the rate itself adjusts to SOFR. But STRF/D will not be unaffected by changes in SOFR rather the principal would be expected to adjust to bring the effective yield in line with market demand. But I don't think it's a matter of what is "better" it's a matter of what the purpose of buying it is"
@btc_overflow Avatar @btc_overflow on X 2025-07-23 13:06:24 UTC 15.3K followers, XX engagements

"If $MSTR's growth path had looked like the red arrow instead of the blue line absolutely no one would have complained. The volatility can be wild but the long-term trend doesn't exactly fill me with ennui"
@btc_overflow Avatar @btc_overflow on X 2025-07-23 17:59:23 UTC 15.3K followers, 23.1K engagements

"@Instttrrffd Likely but different goals. I personally wouldn't be buying fixed income products at what I think is a bear market bottom. I'd be going risk on. Funds I only want to hold in cash 3-6 months I would only get X or X div payments while taking on substantial volatility risk"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 20:46:32 UTC 15.3K followers, XXX engagements

"@Seviay31 @PunterJeff Yes I participated. Hope you logged back in to confirm those IOIs today or the allocations are gone"
@btc_overflow Avatar @btc_overflow on X 2025-07-25 05:47:20 UTC 15.3K followers, XX engagements

"This spaces is a must listen for $NAKA fans. David goes into depth on how they think about acquisition targets for new Bitcoin Treasury Companies and how NAKA will manage its portfolio company holdings"
@btc_overflow Avatar @btc_overflow on X 2025-06-21 13:18:09 UTC 15.2K followers, 25K engagements

"$NAKA has $700M in escrow that unlocks following the expected closing of its merger on Aug. XX. Probably nothing"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 22:35:46 UTC 15.3K followers, 8758 engagements

"Big milestone for $SMLR. Now over 5000 BTC"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 13:31:46 UTC 15.3K followers, 1878 engagements

"Yesterday Trump reposted a bitcoin educational video today $DJT announces the purchase of $2B of BTC"
@btc_overflow Avatar @btc_overflow on X 2025-07-21 12:43:05 UTC 15.2K followers, 11.4K engagements

"Dramatic repricing of $SQNS continues where it stops nobody knows. - $XXXX at 4x forward mNAV - $XXXX at 5x forward mNAV - $XXXX at 6x forward mNAV - $XXXXX at 10x forward mNAV"
@btc_overflow Avatar @btc_overflow on X 2025-07-11 13:56:17 UTC 15.3K followers, 16.3K engagements

"@Crypto_Mags "We offered up the keys to the gods of BlackRock." The last XX seconds of this. I'm dying over here.🤣"
@btc_overflow Avatar @btc_overflow on X 2025-07-19 20:32:43 UTC 15.3K followers, XXX engagements

"$COIN.AQ $CINGF announced an increase in authorized shares of 600M each for both cash and non-cash consideration at its General Meeting. Keep eyes peeled for some moves from Coinsilium soon"
@btc_overflow Avatar @btc_overflow on X 2025-07-11 15:26:28 UTC 15.3K followers, 6379 engagements

"I have yet to see an official disclosure of the actual number of BTC purchased but $DJT is now reportedly the 5th largest bitcoin holder after deploying $2B today. Unclear how much of DJT's $12B prospectus remains specifically for use on BTC purchases. But likely more to come"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 00:11:53 UTC 15.2K followers, 3021 engagements

"People are saying $STRC is a $MSTY killer. But it isn't. I would like it to be. It would be awesome to see MSTY's AUM flow into STRC and fuel BTC buys. But that's not what will actually happen. The reality is that there is very little overlap between the types of buyers"
@btc_overflow Avatar @btc_overflow on X 2025-07-21 22:00:28 UTC 15.3K followers, 22.9K engagements

"I bet no one who got into bitcoin after about 2017 has ever used a paper wallet. Crazy times. Hard to believe we ever did that"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 02:09:02 UTC 15.3K followers, 2771 engagements

"@TanukiTreasury Not sure what might be next but I assume they'll go through the fixed-income market segment by segment replicating everything they can in preferred stock form"
@btc_overflow Avatar @btc_overflow on X 2025-07-25 01:21:49 UTC 15.3K followers, XXX engagements

"New country flags on $NAKA's upcoming Bitcoin Treasury Company list. The "soon" flags are Korea Australia Netherlands Poland Greece and UAE"
@btc_overflow Avatar @btc_overflow on X 2025-07-04 11:43:21 UTC 15.2K followers, 16.5K engagements

"@Benny_Stacks This is how they plan to keep it in range. Dividends adjust monthly will be interesting to see how well they are able to keep the price pinned"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 20:56:46 UTC 15.3K followers, XX engagements

"@adam3us And lead investor on many H100 tranches. Sometimes it feels like every BTCTC has an obligatory Adam Back slide in its pitch deck. 😂"
@btc_overflow Avatar @btc_overflow on X 2025-07-21 15:10:31 UTC 15.2K followers, 1459 engagements

"@DPerlman1 Seems pretty straightforward. He wants a framework that assesses rating based on implicit collateralization of the prefs by BTC on the balance sheet. Credit agencies are unlikely to underwrite such a system anytime soon hence ratings done the way he wants them not coming soon"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 19:50:52 UTC 15.3K followers, XX engagements

"@buysse_jon Presumably. Though IPO was open to the public so "insiders" are pretty much anyone who signed up for it"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 20:50:11 UTC 15.3K followers, XXX engagements

"The current $MTPLF environment is very much like X months ago. And the X months before that. And the X months before that. Almost like it's cyclic"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 17:37:15 UTC 15.3K followers, 24.8K engagements

"@wi1lwright @UTXOmgmt @nakamoto $700M locked up in escrow. Once that's unlocked it's game on"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 21:54:55 UTC 15.3K followers, XXX engagements

"That's quite the celebrity pick up for $HAMA. Arthur Laffer the economist of Laffer curve fame joined Hamak Gold's Advisory Board as a founding member following its bitcoin treasury pivot"
@btc_overflow Avatar @btc_overflow on X 2025-07-20 04:16:28 UTC 15.2K followers, 9243 engagements

"To me the most interesting story in Bitcoin Treasury land is not the next new XX BTC LBE that becomes a 1000 BTC LBE but the next 1000 BTC LBE that becomes a 10000 BTC LBE. It's the next leg of the journey to systemic relevance we need to see how well LBEs can replicate"
@btc_overflow Avatar @btc_overflow on X 2025-07-15 23:33:25 UTC 15.3K followers, 6171 engagements

"H100 $HOGPF's new $GS9 listing on the Frankfurt Stock Exchange will resolve access issues for many. Notably the listing makes it available to IBKR users worldwide"
@btc_overflow Avatar @btc_overflow on X 2025-07-22 12:43:38 UTC 15.3K followers, 5133 engagements

"The eagerly awaited sequel of $MTPLF CEO Simon Gerovich on Richard Byworth's Syz the Future pod has arrived"
@btc_overflow Avatar @btc_overflow on X 2025-07-21 11:56:29 UTC 15.2K followers, 3559 engagements

"$SWC $TSWCF is now just one buy away from the 1000 bitcoin milestone"
@btc_overflow Avatar @btc_overflow on X 2025-07-01 12:34:53 UTC 15.3K followers, 11.3K engagements

"@WildwoodK I suspect someone just did the math wrong and calculated it at par when the shares actually sold for $90"
@btc_overflow Avatar @btc_overflow on X 2025-07-25 05:22:45 UTC 15.3K followers, XXX engagements

"I do have my favorites but I'm happy for the success of all Bitcoin Treasury Companies. It's about more than just fiat denominated NGU. The more high performant teams we have building BTCTCs around the globe the quicker the world gets recapitalized on a bitcoin standard"
@btc_overflow Avatar @btc_overflow on X 2025-07-09 18:15:39 UTC 15.2K followers, 2649 engagements

"Called it. Predicted $MTPLF BTC purchase amount a week ago"
@btc_overflow Avatar @btc_overflow on X 2025-07-07 05:20:31 UTC 15.3K followers, 12.3K engagements

"Current mood in Bitcoin Treasury land reminds me of bitcoin's $58K gang late last summer. Major US players $XXI (CEP) $BSTR (CEPO) $NAKA and $ASST have yet to even start. Many non-US LBEs have yet to even launch. I have to think peak frenzy is still ahead of us"
@btc_overflow Avatar @btc_overflow on X 2025-07-21 15:33:12 UTC 15.2K followers, 14.5K engagements

"Holy smokes final offer size for Strategy's new preferred stock $STRC was 28011111 shares. At $90/sh that's over $2.52B 🤯"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 20:06:23 UTC 15.3K followers, 106.9K engagements

"@AnonLaserEyes Certainly no guarantees but my best guess would be a rising tide lifts all boats situation with capital rotating further out the risk curve as the next leg up progresses"
@btc_overflow Avatar @btc_overflow on X 2025-07-21 16:25:30 UTC 15.2K followers, XXX engagements

"As anticipated massive $STRC IPO upsize incoming. This time up to $2B I've said before that I'm far more bullish on adoption of STRC than other Strategy preferreds to date and so far it looks like that bullishness is being justified"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 16:37:54 UTC 15.3K followers, 6445 engagements

"Big rebrand $ALTBG is now Capital B. And check out their gorgeous new analytics dashboard"
@btc_overflow Avatar @btc_overflow on X 2025-07-21 17:39:15 UTC 15.3K followers, 13.1K engagements

"Still amazes me that ITM Oct and Jan $SQNS calls are priced barely more than spot"
@btc_overflow Avatar @btc_overflow on X 2025-07-16 23:38:31 UTC 15.2K followers, 7341 engagements

"What if $MTPLF's already great designs got even better. I like to see companies trying to stand out with their branding amidst a sea of orange / black / white color schemes"
@btc_overflow Avatar @btc_overflow on X 2025-07-21 18:15:39 UTC 15.2K followers, 4295 engagements

"@buysse_jon So they can game the launch metrics and market how well it performed"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 20:13:16 UTC 15.3K followers, 1411 engagements

"People have often described $STRF and $STRD as the new money market accounts but really their volatility makes them poorly suited to short-term cash holdings. Provided Strategy can stabilize the price as well as advertised $STRC is much better designed for this purpose"
@btc_overflow Avatar @btc_overflow on X 2025-07-21 23:28:24 UTC 15.3K followers, 2834 engagements

"@greydel6 Definitely a good time to see how they execute under stress. There won't be any moonshots while sentiment is down but tougher minded executive teams will keep moving forward with conviction. And the less serious companies will do us a favor by outing themselves"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 14:55:04 UTC 15.3K followers, XXX engagements

"Looking like Saylor might get to buy the dip with the fresh $2.52B of $STRC money he just raised"
@btc_overflow Avatar @btc_overflow on X 2025-07-25 03:55:52 UTC 15.3K followers, 4033 engagements

"@Dissolve_DC @saylor Personally I'd like to see MSTY AUM drained and not replaced by an alternative. I don't like the stock having large persistent volumes of short calls"
@btc_overflow Avatar @btc_overflow on X 2025-07-21 22:11:48 UTC 15.2K followers, XXX engagements

"1) You can't fail to repay principal at maturity on a perpetual product that has no maturity. Of course this does not mean there are zero risks of any kind. But STRK does eliminate the main risk Strategy faces with convertible bonds--debt maturing during a prolonged bear market when the stock trades below conversion price. 2) If you read the whole post surely you noticed that I myself pointed out that credit ratings are still a work in progress. It's not even a side note it's an integral part of my thesis. 3) Fair point that STRD holders are potentially in a worse position than junk bond"
@btc_overflow Avatar @btc_overflow on X 2025-07-24 19:34:37 UTC 15.3K followers, XXX engagements

"Imagine getting hired as Director of Bitcoin Strategy and then getting a X hour sit-down with Michael Saylor for advice on the role. One interesting tidbit. Saylor says these are target BTC Ratings for preferreds: - Investment grade 10x - Convertible 5x - Junk 2x-3x"
@btc_overflow Avatar @btc_overflow on X 2025-07-18 01:06:00 UTC 15.3K followers, 12.9K engagements

"@DogCandles They can sell way more at $XX than $XXX and then will likely be able to brag about how demand was so strong that price quickly closed to par"
@btc_overflow Avatar @btc_overflow on X 2025-07-25 10:17:52 UTC 15.3K followers, XX engagements

"@btcjvs Let's see that last 10K of ancient whale BTC dump to get it over with"
@btc_overflow Avatar @btc_overflow on X 2025-07-25 10:56:57 UTC 15.3K followers, XXX engagements

"@80IQmindset @JoshMandell6 @JesseKobernick @ryQuant @IIICapital @saylor I should probably update this chart for Q2. Maybe a project for today if the data is available"
@btc_overflow Avatar @btc_overflow on X 2025-07-25 11:21:22 UTC 15.3K followers, XXX engagements