[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

# ![@ChrisMMillas Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::2475911570.png) @ChrisMMillas Chris Millas

MicroStrategy ($MSTR) is engineering a financial revolution with its bitcoin-backed empire, positioning itself to dominate the fixed income market. The company's strategy and recent performance have sparked discussions about its potential inclusion in the S&P 500, which could unlock $XX billion worth of passive flows. MicroStrategy's CEO, Michael Saylor, is harmonizing debt, preferred shares, and equity to create a bitcoin-based financial symphony.

### Engagements: XXXXXX [#](/creator/twitter::2475911570/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::2475911570/c:line/m:interactions.svg)

- X Week XXXXXXX -XX%
- X Month XXXXXXX -XX%
- X Months XXXXXXXXXX -XX%
- X Year XXXXXXXXXX +33,241%

### Mentions: XX [#](/creator/twitter::2475911570/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::2475911570/c:line/m:posts_active.svg)

- X Week XX +25%
- X Month XXX +45%
- X Months XXX +36%
- X Year XXXXX +1,877%

### Followers: XXXXXX [#](/creator/twitter::2475911570/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::2475911570/c:line/m:followers.svg)

- X Week XXXXXX +0.75%
- X Month XXXXXX +2.60%
- X Months XXXXXX +60%
- X Year XXXXXX +516%

### CreatorRank: XXXXXXX [#](/creator/twitter::2475911570/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::2475911570/c:line/m:influencer_rank.svg)

### Social Influence [#](/creator/twitter::2475911570/influence)
---

**Social category influence**
[cryptocurrencies](/list/cryptocurrencies)  #1553 [stocks](/list/stocks)  XXXX% [finance](/list/finance)  XXXX% [social networks](/list/social-networks)  XXXX% [technology brands](/list/technology-brands)  XXXX%

**Social topic influence**
[bitcoin](/topic/bitcoin) #769, [$mstr](/topic/$mstr) #30, [sentiment](/topic/sentiment) #190, [$strf](/topic/$strf) #7, [$strc](/topic/$strc) #9, [$strk](/topic/$strk) #7, [strk](/topic/strk) #7, [number of](/topic/number-of) #596, [$strd](/topic/$strd) #7, [$0m](/topic/$0m) #2

**Top accounts mentioned or mentioned by**
[@fiatisevil](/creator/undefined) [@mmmicrostrategy](/creator/undefined) [@sahilzaverimd](/creator/undefined) [@ryquant](/creator/undefined) [@mstr_today](/creator/undefined) [@80iqmindset](/creator/undefined) [@bitstrategy21](/creator/undefined) [@mstrstrategy](/creator/undefined) [@ericmtplf](/creator/undefined) [@kumkargaurav](/creator/undefined) [@actuallyclimber](/creator/undefined) [@marktmaxwell](/creator/undefined) [@zynxbtc](/creator/undefined) [@e055michel1842](/creator/undefined) [@punterjeff](/creator/undefined) [@lowstrife](/creator/undefined) [@ericmichaelmstr](/creator/undefined) [@goodcallgc](/creator/undefined) [@g_stacks_sats](/creator/undefined) [@z06z07](/creator/undefined)

**Top assets mentioned**
[Bitcoin (BTC)](/topic/bitcoin) [Strategy (MSTR)](/topic/$mstr) [Strategy Incorporated (STRF)](/topic/$strf) [Strike (STRK)](/topic/$strk) [Stride (STRD)](/topic/$strd) [Duolingo, Inc. Class A Common Stock (DUOL)](/topic/$duol) [UiPath, Inc. (PATH)](/topic/$path) [The Smarter Web Co. (SWC.AQ)](/topic/the-smarter-web)
### Top Social Posts [#](/creator/twitter::2475911570/posts)
---
Top posts by engagements in the last XX hours

"Strategy attracts X types of investors: X. The Risk Avoider investor that wants high yield predictable income and downside protection. $STRF satisfies this. X. The Stability Seeker investor that wants high yield predictable income stable value and downside protection. $STRC satisfies this. X. The Dual Optimiser investor that wants a mix of predictable income and Bitcoin upside. $STRK satisfies this. 4.The Yield Maxi investor that wants the maximum yield and is comfortable with less protections. $STRD satisfies this. X. The Passive Bitcoiner investor who doesnt want the hassle of self custody."  
[X Link](https://x.com/ChrisMMillas/status/1975515201949634997) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-07T10:55Z 13.1K followers, 15.9K engagements


"Weekly ATM proceeds. $STRK: $1.7M $STRF: $19.8M $STRD: $5.8M $STRC: $0M $MSTR: $0M"  
[X Link](https://x.com/ChrisMMillas/status/1977710864401654040) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-13T12:19Z 13.1K followers, 14.5K engagements


"Updated comprehensive summary of $MSTR v $STRF v $STRC v $STRK v $STRD"  
[X Link](https://x.com/ChrisMMillas/status/1978047137054179820) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-14T10:36Z 13.1K followers, 33.2K engagements


"Just finished recording a video with my entire updated framework for how I think about Bitcoin Treasury Companies. Out hopefully next week"  
[X Link](https://x.com/ChrisMMillas/status/1979541200119214081) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-18T13:32Z 13.1K followers, 2393 engagements


"Always remember: The company is not the stock. The stock is not the company"  
[X Link](https://x.com/ChrisMMillas/status/1977369003510096351) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-12T13:41Z 13.1K followers, 6778 engagements


"A major bug within the BTC-TC space is that everyone is in cahoots with everyone else and as a consequence people are disincentivised to speak up and keep each other accountable and instead are incentivised to maintain the consensus and illusion that everything is kosher. True independent thinkers are rare"  
[X Link](https://x.com/ChrisMMillas/status/1977678787295793612) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-13T10:12Z 13.1K followers, 10.9K engagements


"I have initiated a position in UiPath ($PATH). One-pager and Ultimate Investment Thesis to follow later this week"  
[X Link](https://x.com/ChrisMMillas/status/1977740273623990492) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-13T14:16Z 13.1K followers, 2007 engagements


"Intelligence is the ability to change"  
[X Link](https://x.com/ChrisMMillas/status/1979984398175850980) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-19T18:54Z 13.1K followers, 24.8K engagements


"Weekly ATM proceeds. $STRK: $0M $STRF: $11.3M $STRD: $0.4M $STRC: $0M $MSTR: $116.4M"  
[X Link](https://x.com/ChrisMMillas/status/1972633619509465107) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-09-29T12:04Z 12.8K followers, 12.8K engagements


"@Pledditor There are many people you can deservedly criticise in the BTC-TC space Ben isnt one of them. Hes one of the more rational intelligent heads"  
[X Link](https://x.com/ChrisMMillas/status/1975220786173743228) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-06T15:25Z 12.8K followers, XXX engagements


"Incredible how many people are still in denial and struggling to face the reality around Bitcoin Treasury Companies. There has been a *fundamental* shift in how BTC-TC are viewed and valued. As an investor you either adapt and update your mental models based on how things are and not how you want them to be or you get left behind. Theres no time for sentimental comforts. Business is a competitive sport. Do not get caught up in tribalism. Do not get attached to your beliefs. The only thing you should be concerning yourself with is Truth"  
[X Link](https://x.com/ChrisMMillas/status/1976244815391043734) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-09T11:14Z 12.8K followers, 11.5K engagements


"Ive been adding to my World Mobile position over the last few weeks. It is my largest holding. Its moment will come"  
[X Link](https://x.com/ChrisMMillas/status/1976966912623231025) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-11T11:03Z 12.8K followers, 2528 engagements


"@hillery_dan Im still undecided on this. At a basic level its a sign of weakness because it implies the core strategy isnt working. It also doesnt guarantee youll calibrate mNAV which can lead to a negative spiral. Sequans should provide us with a good case study"  
[X Link](https://x.com/ChrisMMillas/status/1977462418277056883) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-12T19:52Z 12.8K followers, XXX engagements


"Ultimate Investment Thesis Guide For Duolingo ($DUOL). View and download it for FREE here:"  
[X Link](https://x.com/ChrisMMillas/status/1978892745658741214) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-16T18:36Z 12.8K followers, 2893 engagements


"@mc_khristina This is what's to come for many others"  
[X Link](https://x.com/ChrisMMillas/status/1978893862094463435) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-16T18:40Z 12.8K followers, XXX engagements


"@btc_overflow Generally speaking its the norm if a BTC-TC cant generate Bitcoin Yield if mNAV is X. Otherwise why should investors hand over their hard earned capital if a company isnt adding value"  
[X Link](https://x.com/ChrisMMillas/status/1979248260272332962) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-17T18:08Z 12.9K followers, 1512 engagements


"@denpreflex @btc_overflow I agree but investing based on the hope that other people will ape in is not a good strategy its a lethal one"  
[X Link](https://x.com/ChrisMMillas/status/1979251779482128425) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-17T18:22Z 12.8K followers, XX engagements


"@klaus_koo @Adrian_R_Morris For me it is. mNAV = the markets expectation of future Bitcoin Yield which accounts for both sentiment and fundamentals. and"  
[X Link](https://x.com/ChrisMMillas/status/1979252244630458752) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-17T18:24Z 12.8K followers, XXX engagements


"@gefjon_nasira This tells me SWC cant generate Bitcoin Yield when mNAV is falling"  
[X Link](https://x.com/ChrisMMillas/status/1979262653554995329) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-17T19:06Z 12.8K followers, XXX engagements


"@btc_overflow I hear you. I agree with most of this"  
[X Link](https://x.com/ChrisMMillas/status/1979278102917214549) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-17T20:07Z 12.8K followers, XXX engagements


"Yesterday I exited my position in The Smarter Web Company. I like both Andrew and Jesse and have no doubt that the recent deals theyve executed represent the best terms available to them but that is exactly the point. If these are the best terms you can secure in a bull market when Bitcoin is hitting new ATHs what does that say about the business model and the leverage you have The most recent raise was the nail in the coffin. It was a clever piece of optics that made it look like SWC was raising capital at a premium yet in reality it will likely prove no different from issuing equity at a"  
[X Link](https://x.com/ChrisMMillas/status/1978000391829598327) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-14T07:30Z 13.1K followers, 18.2K engagements


"Strategys success has been defined by a number of unique factors and circumstances most of which cant be replicated again by other BTC-TC. X. Before adopting Bitcoin Strategy was a billion dollar company with an operating business generating $50M in cash a year. X. Until the introduction of the ETF's in Jan 2024 Strategy was the ONLY way for the average investor to gain PASSIVE exposure to Bitcoin. X. Up until this year Strategy was the ONLY way for the average investor to gain LEVERAGED exposure to Bitcoin. X. Strategy was ACTUALLY leveraged and issuing MULTIPLE BILLION dollar ZERO coupon"  
[X Link](https://x.com/ChrisMMillas/status/1978418216197054848) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-15T11:10Z 13.1K followers, 7106 engagements


"Hilarious the amount of people who abused the performance of $MSTR only to then fully pivot to other BTC-TC and be down another 80/90% yet be happy to ride it to zero. Stop it"  
[X Link](https://x.com/ChrisMMillas/status/1978864336182358180) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-16T16:43Z 13.1K followers, 10.9K engagements


"I have nothing to sell you. No paid groups for you to join. No paid courses for you to sign up for. No paid newsletters for you to subscribe to. I am already financially free. I have already won. Now I want you all to win too. This is the way"  
[X Link](https://x.com/ChrisMMillas/status/1980019088752861345) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-19T21:11Z 13.1K followers, 41.2K engagements


"Strategy is engineering a financial revolution. Heres how its building a Bitcoin-backed empire that is uniquely positioning it to dominate the fixed income market for decades to come. YouTube:"  
[X Link](https://x.com/ChrisMMillas/status/1945107805192569056) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-07-15T13:06Z 13.1K followers, 2.8M engagements


"Your success as a BTC-TC is determined by how much Bitcoin Yield you can generate *independent* of sentiment. If your strategy is based on raising capital solely via common stock then your success will be maximally determined by sentiment. If your strategy is based on raising capital via common stock and converts then your success will be moderately determined by sentiment. If your strategy is based on raising capital via preferred's then your success will be minimally determined by sentiment"  
[X Link](https://x.com/ChrisMMillas/status/1978767235888947305) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-16T10:17Z 13.1K followers, 18K engagements


"People are vastly underestimating how much the size of Strategys Bitcoin stack is influencing its low valuation. The simple fact is that having 650K Bitcoin makes it exponentially harder to generate meaningful Bitcoin Yield. If Strategy had 25000 Bitcoin with its current lineup of preferreds Id predict with a strong degree of certainty that it would be trading at a *minimum* 2x mNAV right now maybe closer to X. If the mNAV is right I am likely going to be all over the next company to issue prefs which right now looks likely to be Metaplanet"  
[X Link](https://x.com/ChrisMMillas/status/1978824832688050460) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-16T14:06Z 13.1K followers, 10.2K engagements


"There are people out there that are afraid to either change or voice their beliefs that go against consensus because they fear the abuse and criticism of others. I know this because people have reached out telling me. There is a simple evolutionary explanation for this: holding different beliefs from your tribe meant rejection and rejection ultimately meant death. If this resonates heres the only advice you need: Make Truth your highest value. When you genuinely orient your life around Truth you no longer give a shit what other people think. Aligning yourself with whats True becomes more"  
[X Link](https://x.com/ChrisMMillas/status/1979514474710041013) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-18T11:46Z 13.1K followers, 2980 engagements


"Everyone wants the gains that come with holding a volatile asset like Bitcoin. No-one wants the pain that comes with holding a volatile asset like Bitcoin. Its not for everyone"  
[X Link](https://x.com/ChrisMMillas/status/1979867313169178661) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-19T11:08Z 13.1K followers, 5200 engagements


"Bitcoin is at $100000 and yet I only know X person who has exposure to it. Early"  
[X Link](https://x.com/ChrisMMillas/status/1979988687921324537) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-19T19:11Z 13.1K followers, 8245 engagements


"Weekly ATM proceeds. $STRK: $5.1M $STRF: $11.2M $STRD: $2.6M $STRC: $0M $MSTR: $0M"  
[X Link](https://x.com/ChrisMMillas/status/1980244114391335313) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-20T12:06Z 13.1K followers, 7302 engagements


"If I had to go all-in on one Bitcoin Treasury Company right now based on risk-adjusted returns it would be Metaplanet"  
[X Link](https://x.com/ChrisMMillas/status/1973693589277581500) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-02T10:16Z 13.1K followers, 14.6K engagements


"One of the most important concepts you need to understand as an investor revolves around SIGNALS. In nature signals refers to behaviours that convey INFORMATION about an organisms FITNESS. There are two types; HONEST signals and DISHONEST signals. HONEST signals are those that ACCURATELY convey information about an organisms fitness. They tend to be COSTLY to produce and HARD to fake and so are MORE reliable e.g. a peacocks tail. DISHONEST signals are those that INACCURATELY convey information about an organisms fitness. They tend to be CHEAP to produce and EASY to fake and so are LESS"  
[X Link](https://x.com/ChrisMMillas/status/1975931957788770318) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-08T14:31Z 13K followers, 4164 engagements


"Earlier this week I exited my positions in Semler Scientific and Capital B for various reasons. Possibly one or two more updates to come"  
[X Link](https://x.com/ChrisMMillas/status/1976941926806151330) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-11T09:24Z 13K followers, 5544 engagements


"Dont be surprised to see more BTC-TC trade at a discount if theyre unable to reignite the flywheel over the coming months. Semler has already proven its possible"  
[X Link](https://x.com/ChrisMMillas/status/1978090422900580653) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-14T13:28Z 13.1K followers, 2673 engagements


"We all need to clarify what we mean by sentiment because as you know we have slightly different definitions. For me sentiment = purely emotion (are people feeling bullish or bearish). For you if I remember rightly from our private conversations sentiment = subjective expectations (which includes both emotion and fundamentals)"  
[X Link](https://x.com/ChrisMMillas/status/1979250829644140748) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-17T18:19Z 12.9K followers, XXX engagements


"@Adrian_R_Morris @shrugit_ Hence why for me mNAV = the markets *subjective* expectations of future Bitcoin Yield. I simply like to separate the expectations part of that formula into sentiment and fundamentals. We are saying the same thing using different words"  
[X Link](https://x.com/ChrisMMillas/status/1979258242149515755) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-17T18:48Z 13K followers, XXX engagements


"@RyanJamesEgan7 @KingPinInvestor @ZynxBTC The fact that most companies are dependant on sentiment to generate Bitcoin Yield. Thats a poor business model"  
[X Link](https://x.com/ChrisMMillas/status/1979312982330085511) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-17T22:26Z 13K followers, XX engagements


"@Micro2Macr0 @norweger1979 I hear you. Using Strategy as a comparison is a bad idea though"  
[X Link](https://x.com/ChrisMMillas/status/1979551566970401161) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-18T14:14Z 13.1K followers, XXX engagements


"Strategy is a Bitcoin refinery that converts raw Bitcoin into securitised financial products deliberately engineered to appeal to different pools of investors based on their volatility risk and return goals. $MSTR"  
[X Link](https://x.com/ChrisMMillas/status/1960285852208075102) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-08-26T10:19Z 13.1K followers, 603.2K engagements


"The FRENZY phase of the BTC-TC cycle which was largely driven by sentiment (hype) is over which means that with a small number of exceptions the days of trading at 5+ mNAV are over. To make the point ask yourself whether youd purchase a BTC-TC at a 5+ mNAV. Based on my observations and conversations the answer for most people would be no. Were now in the MATURITY phase that will be defined by having a SUSTAINABLE business model that can generate Bitcoin Yield in ANY environment. If youre a BTC-TC relying on sentiment to boost mNAV and drive your strategy youre NGMI. Since investors now have a"  
[X Link](https://x.com/ChrisMMillas/status/1974432838356217859) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-04T11:14Z 13.1K followers, 72.8K engagements


"I have initiated a position in Duolingo ($DUOL). One-pager and Ultimate Investment Thesis to follow later this week"  
[X Link](https://x.com/ChrisMMillas/status/1978110104453939599) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-14T14:46Z 13.1K followers, 5677 engagements


"Sequans: XXXX mNAV Smarter Web: XXXX mNAV Metaplanet: 0.89mNAV Nakamoto: XXXX mNAV People are slowly beginning to come round to this reality. Eventually it will be the consensus"  
[X Link](https://x.com/ChrisMMillas/status/1979223373394636932) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-17T16:29Z 13.1K followers, 15.5K engagements


"Wealth isn't gold; it's energy. By 2000 there will be a scientific accounting system for wealth-aligned with the laws of physics." Buckminster Fuller on Bitcoin in 1967"  
[X Link](https://x.com/ChrisMMillas/status/1977338631342960935) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-12T11:40Z 13.1K followers, 9721 engagements


"Always fun to look back at how often I was buying $MSTR during the bear market in 2023 when it was hitting all-time lows"  
[X Link](https://x.com/ChrisMMillas/status/1980252281187524651) [@ChrisMMillas](/creator/x/ChrisMMillas) 2025-10-20T12:38Z 13.1K followers, 3031 engagements