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# ![@BedlamPres Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1653909471242928134.png) @BedlamPres Bedlam Capital Pres

Bedlam Capital Pres posts on X about $mstr, bitcoin, sentiment, mstr the most. They currently have XXXXX followers and XXX posts still getting attention that total XXXXX engagements in the last XX hours.

### Engagements: XXXXX [#](/creator/twitter::1653909471242928134/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1653909471242928134/c:line/m:interactions.svg)

- X Week XXXXXX +81%
- X Month XXXXXXX +1,339%
- X Months XXXXXXX -XX%
- X Year XXXXXXXXX +2,470%

### Mentions: XX [#](/creator/twitter::1653909471242928134/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1653909471242928134/c:line/m:posts_active.svg)

- X Week XX +24%
- X Month XX +444%
- X Months XXX -XX%
- X Year XXX +211%

### Followers: XXXXX [#](/creator/twitter::1653909471242928134/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1653909471242928134/c:line/m:followers.svg)

- X Week XXXXX +1.40%
- X Month XXXXX +1.80%
- X Months XXXXX +4.70%
- X Year XXXXX +1,103%

### CreatorRank: XXXXXXXXX [#](/creator/twitter::1653909471242928134/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1653909471242928134/c:line/m:influencer_rank.svg)

### Social Influence [#](/creator/twitter::1653909471242928134/influence)
---

**Social category influence**
[cryptocurrencies](/list/cryptocurrencies)  XXXX% [stocks](/list/stocks)  XXXX% [finance](/list/finance)  XXX% [exchanges](/list/exchanges)  XXXX% [technology brands](/list/technology-brands)  XXXX% [automotive brands](/list/automotive-brands)  XXXX% [celebrities](/list/celebrities)  XXXX%

**Social topic influence**
[$mstr](/topic/$mstr) #188, [bitcoin](/topic/bitcoin) #4368, [sentiment](/topic/sentiment) #803, [mstr](/topic/mstr) 3.33%, [$mstrs](/topic/$mstrs) #3, [debt](/topic/debt) 1.67%, [all the](/topic/all-the) 0.83%, [$gbtc](/topic/$gbtc) 0.83%, [$ibit](/topic/$ibit) 0.83%, [$ethe](/topic/$ethe) XXXX%

**Top accounts mentioned or mentioned by**
[@saylor](/creator/undefined) [@strategy](/creator/undefined) [@mikewmunz](/creator/undefined) [@bitstrategy21](/creator/undefined) [@thematrixdr](/creator/undefined) [@adrianrmorris](/creator/undefined) [@mikefor44857211](/creator/undefined) [@ryquant](/creator/undefined) [@punterjeff](/creator/undefined) [@benwerkman](/creator/undefined) [@adam3us](/creator/undefined) [@adambliv](/creator/undefined) [@jessekobernick](/creator/undefined) [@eastlessie](/creator/undefined) [@realjamescain](/creator/undefined) [@btcbroo](/creator/undefined) [@cointechnician](/creator/undefined) [@gainzalgo](/creator/undefined) [@ladoger21](/creator/undefined) [@mvdkloet](/creator/undefined)

**Top assets mentioned**
[Strategy (MSTR)](/topic/$mstr) [Bitcoin (BTC)](/topic/bitcoin) [Grayscale BTC ETF (GBTC)](/topic/$gbtc) [iShares BTC Trust (IBIT)](/topic/$ibit) [Grayscale Ethereum Trust (ETHE)](/topic/$ethe) [Coinbase Global, Inc. (COIN)](/topic/coinbase) [Berkshire Hathaway Inc. (BRK.A)](/topic/berkshire-hathaway)
### Top Social Posts [#](/creator/twitter::1653909471242928134/posts)
---
Top posts by engagements in the last XX hours

"It's a lot of work but I think I'm gonna have to post my updated $MSTR thesis on here in the next few days. I can't stand the pessimism especially bc it's so easily refuted. Massive bull thread with all the math and spreadsheets to back it up coming soon"  
[X Link](https://x.com/BedlamPres/status/1979046048623403152) [@BedlamPres](/creator/x/BedlamPres) 2025-10-17T04:45Z 6677 followers, 8136 engagements


"As much as I love this explanation it really begs the question: If the preferreds have senior claim to the BTC is it really non-dilutive Or is it just a way to mask the dilution To fairly call it non-dilutive to the commons you have to deduct the bitcoin to which the preferreds have a senior claim from the commons' NAV"  
[X Link](https://x.com/BedlamPres/status/1979354215282626667) [@BedlamPres](/creator/x/BedlamPres) 2025-10-18T01:09Z 6677 followers, 4562 engagements


"Q: How long can the market maintain irrationally low premiums on $MSTR and other BTCTCs A: A long time. Look at $GBTC or $ETHE as examples. Both started as closed-end trust funds and then both converted to typical ETFs - GBTC in Jan 2024 and ETHE in July 2024. The trusts were very similar to typical ETFs like $IBIT but had X major difference: they were closed-end funds and did not allow for redemptions. So the trusts' prices could wander more and did not track the underlying as well as real ETFs because the ETFs' redemption programs are what pegs the ETFs' prices to the underlying. At"  
[X Link](https://x.com/BedlamPres/status/1953119772758978710) [@BedlamPres](/creator/x/BedlamPres) 2025-08-06T15:43Z 6671 followers, 1460 engagements


"If you're worried about $MTPLF's mNAV you're doing it wrong. Capitalize on it. You won't be buying at XXX mNAV for long"  
[X Link](https://x.com/BedlamPres/status/1976101270390743184) [@BedlamPres](/creator/x/BedlamPres) 2025-10-09T01:43Z 6673 followers, 3044 engagements


"@Bizniz203 @saylor I'd start buy buying up the whole vertically integrated stack. Buy ASIC manufacturers miners hyperscalers nuclear power cos coinbase etc. If it touches BTC and makes a profit MSTR should eventually own it"  
[X Link](https://x.com/BedlamPres/status/1978649942798262386) [@BedlamPres](/creator/x/BedlamPres) 2025-10-16T02:31Z 6671 followers, XX engagements


"@mvdkloet Well it wouldn't be the first time you taught me something so maybe I'm missing it. What company are you talking about"  
[X Link](https://x.com/BedlamPres/status/1978845376703529381) [@BedlamPres](/creator/x/BedlamPres) 2025-10-16T15:27Z 6677 followers, XX engagements


"@MarkPatPetersen @idahohodl @SatoshiPacioli @logantidd This is correct. Read below the highlighted portion. H/T @AdamBLiv"  
[X Link](https://x.com/BedlamPres/status/1978927976965140576) [@BedlamPres](/creator/x/BedlamPres) 2025-10-16T20:56Z 6667 followers, XX engagements


"You articulated that very well. I'd add that banks will always have an advantage on the trust issue bc of FDIC insurance. The prefs are much riskier on a relative basis even if extremely low risk on a practical basis. But the prefs trust score should increase as long as dividends are paid timely and no concern about meeting future dividend obligations arise"  
[X Link](https://x.com/BedlamPres/status/1979373112106869039) [@BedlamPres](/creator/x/BedlamPres) 2025-10-18T02:24Z 6673 followers, XX engagements


"The idea that $MSTR or any bona fide BTC Treasury Company generating a positive BTC Yield should trade at or below 1mNAV is flat out stupid. Saying this now is as stupid as expecting a 20X mNAV XX months ago. You are getting caught up in the short term sentiment. Just remember the ETFs trade at 1mNAV. The ETFs don't generate BTC Yield. BTCTCs generate BTC Yield. Market dynamics will eventually take hold and assign a proper multiple to the BTC Yield. It's that simple. MSTR has $13.2B in BTC $ Gain YTD. Do you really think the market will allow a company to generate this type of value and"  
[X Link](https://x.com/BedlamPres/status/1976100301913436245) [@BedlamPres](/creator/x/BedlamPres) 2025-10-09T01:40Z 6678 followers, 13.7K engagements


"Think about this for a second: Berkshire Hathaway was originally a textile company which evolved into a conglomerate in 1965. It took the legendary @WarrenBuffett XX years for Berkshire to amass a $344B treasury. Strategy was originally a software company and evolved into a BTC Treasury Company in 2020. In X years @saylor has already grown $MSTR's treasury to $80B. In XX years and likely much sooner MSTR will have caught up to Berkshire despite its XX year head start"  
[X Link](https://x.com/BedlamPres/status/1976114980136108311) [@BedlamPres](/creator/x/BedlamPres) 2025-10-09T02:38Z 6678 followers, 10.7K engagements


"I think it would be prudent for $MSTR to issue another round of convertible notes. I love the preferreds but the market seems uncertain of them. The market liked the converts. It's like Cracker Barrel going back to the old logo. And even if @saylor finds the preferreds better if the market likes the converts better it's a small price to pay for improving sentiment and raising the mNAV to get the ATM going again"  
[X Link](https://x.com/BedlamPres/status/1976427191711023161) [@BedlamPres](/creator/x/BedlamPres) 2025-10-09T23:18Z 6678 followers, 2879 engagements


"Did @saylor ever promise the preferreds that $MSTR wouldn't issue more debt I don't understand why so many people think a new series of convertible notes would be such an unwelcome surprise. My take on it: 🧵"  
[X Link](https://x.com/BedlamPres/status/1976472041541992562) [@BedlamPres](/creator/x/BedlamPres) 2025-10-10T02:17Z 6678 followers, 1230 engagements


"$STRC is a gateway drug which is likely to result in addiction to BTC and $MSTR. Puff puff pass that orange doobie to your boomer friends and family"  
[X Link](https://x.com/BedlamPres/status/1978215761115013137) [@BedlamPres](/creator/x/BedlamPres) 2025-10-14T21:46Z 6677 followers, 2329 engagements


"If you trade stocks and aren't early on your rotations you're going broke. It's just a matter if time. Either buy and hold or grow a massive pair of balls dyor and rotate before it starts trending on X. I pity the fools selling $MSTR now to rotate into miners BTC or gold"  
[X Link](https://x.com/BedlamPres/status/1978238413187826015) [@BedlamPres](/creator/x/BedlamPres) 2025-10-14T23:16Z 6678 followers, 6334 engagements


"I think this point is better shown by their mNAVs but Rob's spot on. $MSTR is top dog and it's not even close. The fact that its mNAV is showing strength relative to the field is very bullish for MSTR. And now that the nonsensical rush into the smaller BTC Treasury Companies because of their bigger BTC Yields (red herring) has fully corrected I seriously doubt than any BTC Treasury Company will EVER have a higher mNAV than MSTR. At least not in the next couple years. And the only X that has even a sliver of chance is $MTPLF. MSTR sets the peg and all the copycats will be ranked in order of"  
[X Link](https://x.com/BedlamPres/status/1978598211620397068) [@BedlamPres](/creator/x/BedlamPres) 2025-10-15T23:05Z 6678 followers, 9801 engagements


"At some point in $MSTR's evolution it could start buying cash cow companies and use all of the free cash flow to buy BTC. In the next ten years MSTR's treasury will be the biggest on earth. Far bigger than Berkshire's. It will be able to buy all sorts of highly profitable companies. It's another way to swap fiat for bitcoin. And some of MSTR's best days were back when it was just buying BTC from the free cash flow from the old software business"  
[X Link](https://x.com/BedlamPres/status/1978634791017693475) [@BedlamPres](/creator/x/BedlamPres) 2025-10-16T01:31Z 6678 followers, 4047 engagements


"It has a perpetual spread btw BTC cagr and the dividends. What I wrote is true so long as you die within 9ish years of buying. Cap gains kick in at cost basis = X. So no tax for 9ish years and if you happen to die within that time frame then no tax at all. But fair point I could've added more clarity in the original post"  
[X Link](https://x.com/BedlamPres/status/1978931843928859023) [@BedlamPres](/creator/x/BedlamPres) 2025-10-16T21:11Z 6677 followers, XX engagements


"I agree that $MSTR's weak price action is not because of MSTR's operations. But I don't think it's because of BTC's weak price action either. I rule that out because the miners have been ripping. I think it's just a rotation from the BTCTCs to the miners. The BTCTC top signal was when all these copycats appeared and filled their C suites with X influencers. The whole sector needed a good spanking to bring it back down to Earth. It will reverse in due time"  
[X Link](https://x.com/BedlamPres/status/1978947131403600213) [@BedlamPres](/creator/x/BedlamPres) 2025-10-16T22:12Z 6678 followers, 5218 engagements


"Rotate your gold to bitcoin right now"  
[X Link](https://x.com/BedlamPres/status/1978966039296663814) [@BedlamPres](/creator/x/BedlamPres) 2025-10-16T23:27Z 6678 followers, 1293 engagements


"Fear and Greed. Buy and Sell"  
[X Link](https://x.com/BedlamPres/status/1979036258509664685) [@BedlamPres](/creator/x/BedlamPres) 2025-10-17T04:06Z 6677 followers, 7564 engagements


"Bitcoin and Gold are at war"  
[X Link](https://x.com/BedlamPres/status/1979036990021464462) [@BedlamPres](/creator/x/BedlamPres) 2025-10-17T04:09Z 6678 followers, 1658 engagements


"@AdamBLiv You and me both brother. It's like these people only watch the stock price and have no idea about what's going on here"  
[X Link](https://x.com/BedlamPres/status/1979038356848681358) [@BedlamPres](/creator/x/BedlamPres) 2025-10-17T04:14Z 6678 followers, XXX engagements


"There are people like @jack and @adam3us @elonmusk that will go down as some of the most legendary economists of all time and they're just talking sht on X half the time"  
[X Link](https://x.com/BedlamPres/status/1979040434442670293) [@BedlamPres](/creator/x/BedlamPres) 2025-10-17T04:23Z 6679 followers, 1510 engagements


"I don't think we even need to wait that long. The grand thesis may take years bc tradfi is still running on steam engines. This is all sentiment right now. We could be back at multiples and pumping the ATMs in weeks. Look at this it's a ticking time bomb:"  
[X Link](https://x.com/BedlamPres/status/1979043877257441742) [@BedlamPres](/creator/x/BedlamPres) 2025-10-17T04:36Z 6678 followers, XXX engagements


"@TiltedCheddar @BTC_broo @JoeCarlasare I see the word cockroach nowadays and I think gold bug"  
[X Link](https://x.com/BedlamPres/status/1979046405239898334) [@BedlamPres](/creator/x/BedlamPres) 2025-10-17T04:46Z 6678 followers, XX engagements


"I know you've been screaming "sentiment" as loud as you can @Adrian_R_Morris and I couldn't agree more. This will reverse on a dime:"  
[X Link](https://x.com/BedlamPres/status/1979048496649924900) [@BedlamPres](/creator/x/BedlamPres) 2025-10-17T04:55Z 6678 followers, 2500 engagements


"@JesseKobernick I'd prefer they maintained flexibility and not make promises like that"  
[X Link](https://x.com/BedlamPres/status/1979051589026316396) [@BedlamPres](/creator/x/BedlamPres) 2025-10-17T05:07Z 6677 followers, XXX engagements


"I'll say it with you. Gold is signaling a massive rally in bitcoin"  
[X Link](https://x.com/BedlamPres/status/1979052492324213031) [@BedlamPres](/creator/x/BedlamPres) 2025-10-17T05:10Z 6678 followers, 1987 engagements


"@ibenaija @Pledditor @saylor Deliver the bitcoin standard perspective to millions of people who don't know anything about it. Who would you rather evangelize BTC on JRE if not Saylor I would choose one of @saifedean @adam3us and @saylor and they'd all do great"  
[X Link](https://x.com/BedlamPres/status/1979190436389339476) [@BedlamPres](/creator/x/BedlamPres) 2025-10-17T14:19Z 6677 followers, XX engagements


"@alexboge What other ways to gain BTC exposure exist now that didnt exist back in Nov. 2024 other than copycat BTCTCs"  
[X Link](https://x.com/BedlamPres/status/1979312755107860842) [@BedlamPres](/creator/x/BedlamPres) 2025-10-17T22:25Z 6676 followers, XX engagements


"@JesseKobernick Good point Jesse. It's comforting when BTC is showing weakness but you're spot on BTCTCs without leverage introduce outsized risk without the upside to justify it"  
[X Link](https://x.com/BedlamPres/status/1979318395129729523) [@BedlamPres](/creator/x/BedlamPres) 2025-10-17T22:47Z 6678 followers, XX engagements


"@ActuallyClimber Can't go so far into Ponzi land. Need to launder the preferreds cash through BTC 1st 🤑"  
[X Link](https://x.com/BedlamPres/status/1979320322995159533) [@BedlamPres](/creator/x/BedlamPres) 2025-10-17T22:55Z 6678 followers, XXX engagements


"Fantastic explanation of the advantage perpetual preferred shares provide over common stock issuance:"  
[X Link](https://x.com/BedlamPres/status/1979350258275750354) [@BedlamPres](/creator/x/BedlamPres) 2025-10-18T00:54Z 6677 followers, 2902 engagements


"@gerovich Simon great explanation How do you account for the preferreds' senior claim on the btc that is used in computing the common stock mNAV"  
[X Link](https://x.com/BedlamPres/status/1979351082347434093) [@BedlamPres](/creator/x/BedlamPres) 2025-10-18T00:57Z 6677 followers, XXX engagements


"@mikewmunz In the capital structure if there was a liquidation event the order of seniority (aka the right to be paid) is 1st debt holders 2nd preferreds in order of seniority and 3rd commons"  
[X Link](https://x.com/BedlamPres/status/1979367339285192882) [@BedlamPres](/creator/x/BedlamPres) 2025-10-18T02:02Z 6678 followers, XXX engagements


"@EastLessie @mikewmunz The latter"  
[X Link](https://x.com/BedlamPres/status/1979373319230255175) [@BedlamPres](/creator/x/BedlamPres) 2025-10-18T02:25Z 6676 followers, XX engagements


"@mikewmunz Agreed. And with that in mind: To properly factor in the prefs' senior position relative to the commons' position you must apply a discounting factor. Eg. If the prefs' seniority covers XXX BTC but there's only X% bankruptcy risk I'd deduct X BTC from the commons' NAV"  
[X Link](https://x.com/BedlamPres/status/1979384755142422999) [@BedlamPres](/creator/x/BedlamPres) 2025-10-18T03:11Z 6677 followers, XXX engagements


"@MikeFor44857211 @SmithsonBrennan Selling CSP is very different than selling btc closer to opposite than the same"  
[X Link](https://x.com/BedlamPres/status/1979517185849434501) [@BedlamPres](/creator/x/BedlamPres) 2025-10-18T11:57Z 6677 followers, XX engagements


"@ChromeHODLs @MikeFor44857211 Good point. But that's way too esoteric for XX% of population"  
[X Link](https://x.com/BedlamPres/status/1979517618064388414) [@BedlamPres](/creator/x/BedlamPres) 2025-10-18T11:59Z 6677 followers, XX engagements


"@MrFraische In the law we call that a vested present interest subject to a future contingent interest. Not fee simple which is XXX% outright unencumbered unrestricted ownership"  
[X Link](https://x.com/BedlamPres/status/1979518443855450578) [@BedlamPres](/creator/x/BedlamPres) 2025-10-18T12:02Z 6677 followers, XX engagements


"@carlinpenner Carlin's BTC Yield is through the roof"  
[X Link](https://x.com/BedlamPres/status/1979699264289935622) [@BedlamPres](/creator/x/BedlamPres) 2025-10-19T00:01Z 6677 followers, XX engagements