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# ![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1874841959916806144.png) @RoaringRagnar Ragnar

MicroStrategy ($MSTR) has met all the criteria for inclusion in the S&P 500, a significant milestone. This achievement has generated excitement among investors, with some predicting potential substantial gains if the company is officially added to the index. The development has sparked discussions about the company's future prospects and its position in the market.

### Engagements: XXXXXX [#](/creator/twitter::1874841959916806144/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1874841959916806144/c:line/m:interactions.svg)

- X Week XXXXXXX -XX%
- X Month XXXXXXXXX +59%
- X Months XXXXXXXXX +2,543%

### Mentions: XX [#](/creator/twitter::1874841959916806144/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1874841959916806144/c:line/m:posts_active.svg)

- X Week XXX -XX%
- X Month XXX +113%
- X Months XXXXX +2,460%

### Followers: XXXXX [#](/creator/twitter::1874841959916806144/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1874841959916806144/c:line/m:followers.svg)

- X Week XXXXX +6.40%
- X Month XXXXX +47%
- X Months XXXXX +1,518%

### CreatorRank: XXXXXXX [#](/creator/twitter::1874841959916806144/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1874841959916806144/c:line/m:influencer_rank.svg)

### Social Influence [#](/creator/twitter::1874841959916806144/influence)
---

**Social category influence**
[cryptocurrencies](/list/cryptocurrencies)  #903 [stocks](/list/stocks)  #3792 [finance](/list/finance)  XXXX% [automotive brands](/list/automotive-brands)  XXX% [countries](/list/countries)  XXXX% [technology brands](/list/technology-brands)  XXXX%

**Social topic influence**
[bitcoin](/topic/bitcoin) #272, [$mstr](/topic/$mstr) #15, [$swc](/topic/$swc) #1, [$mtplf](/topic/$mtplf) #14, [$altbg](/topic/$altbg) #3, [$cingf](/topic/$cingf) #1, [$hogpf](/topic/$hogpf) #1, [atm](/topic/atm) #32, [$pxi](/topic/$pxi) #1, [saylor](/topic/saylor) XXXX%

**Top accounts mentioned or mentioned by**
[@zynxbtc](/creator/undefined) [@habanosxbt](/creator/undefined) [@grok](/creator/undefined) [@eneadenkt](/creator/undefined) [@kristophjeffers](/creator/undefined) [@tonycarrera](/creator/undefined) [@alexandrelaizet](/creator/undefined) [@saylor](/creator/undefined) [@alexandrerk79](/creator/undefined) [@planetpxi](/creator/undefined) [@adam3us](/creator/undefined) [@romeoinvest](/creator/undefined) [@civic108](/creator/undefined) [@sebastiannj](/creator/undefined) [@allyourmodels](/creator/undefined) [@asjwebley](/creator/undefined) [@croesusbtc](/creator/undefined) [@richardbyworth](/creator/undefined) [@bthemoon2030](/creator/undefined) [@gerovich](/creator/undefined)

**Top assets mentioned**
[Bitcoin (BTC)](/topic/bitcoin) [Strategy (MSTR)](/topic/$mstr) [Metaplanet Inc. (MTPLF)](/topic/$mtplf) [Prime-XI (PXI)](/topic/$pxi) [Semler Scientific, Inc. (SMLR)](/topic/$smlr) [Strategy Incorporated (STRF)](/topic/$strf) [KULR Technology Group, Inc. (KULR)](/topic/$kulr) [Strike (STRK)](/topic/$strk) [Stride (STRD)](/topic/$strd) [Bitwise Bitcoin Strategy Optimum Roll ETF (BITC)](/topic/$bitc) [Tesla, Inc. (TSLA)](/topic/tesla) [Alphabet Inc Class A (GOOGL)](/topic/$googl) [iShares BTC Trust (IBIT)](/topic/$ibit) [Ethereum (ETH)](/topic/$eth) [The Smarter Web Co. (SWC.AQ)](/topic/the-smarter-web)
### Top Social Posts [#](/creator/twitter::1874841959916806144/posts)
---
Top posts by engagements in the last XX hours

"Strategy has now $XXXXX billion of capital raising capacity remaining assuming the $STRF and $STRD ATMs count on top. If they don't count on top then the remaining capacity is $XXXXX billion. Saylor will juice those preferreds so hard. 🤯 Warriors we're going to Valhalla"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1942208973878575169) 2025-07-07 13:07:58 UTC 9552 followers, 4588 engagements


"@Micro2Macr0 Great plan and very similar to mine. Also look at products like $BITC I really like them for downside protection while maintaining upside exposure"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1943773259406684619) 2025-07-11 20:43:53 UTC 9605 followers, XXX engagements


"Fantastic news from Czechia legalizing psilocybin"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1946335173928202472) 2025-07-18 22:24:01 UTC 9607 followers, 2618 engagements


"Latest Comparison of BTC Treasury Companies: $MSTR $MTPLF $ALTBG $SWC $HOGPF $CINGF Change log: - Added latest $HOGPF purchase + capital raise - Added latest $SWC capital raise - Added latest $ALTBG capital raise - I removed $SMLR and $KULR to simplify my sheets. I will add them back once they massively increase aggressiveness ⚠ Important updates: - After discussing with @RichardByworth and analyzing the dashboards of $MSTR and $MTPLF I decided to base the mNAV calculation on the basic shares outstanding (instead on the fully diluted share count) - BTC Yield is still calculated based on"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1943390468718350681) 2025-07-10 19:22:48 UTC 9606 followers, 90.8K engagements


"How should I call my comparison spreadsheet Ragnaboard has been suggested. Any other ideas"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1946546348322410925) 2025-07-19 12:23:09 UTC 9606 followers, 11K engagements


"Here's $MTPLF priced in $MSTR. We're down XX% or up XX% in terms of $MSTR. So everyone who runs their $MSTR ATM right now will get XX% more $MTPLF shares than a few weeks ago. These are the opportunities to take advantage of. Be greedy when others are fearful"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1943617885357703636) 2025-07-11 10:26:29 UTC 9605 followers, 71.6K engagements


"@Croesus_BTC @Runnersvibes Would love to talk and exchange ideas Jesse. I prefer my forward version. See my reasoning here"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1946973177998917999) 2025-07-20 16:39:13 UTC 9592 followers, XXX engagements


"To be fair we cant just look at "new supply". There's always a supply of coins ready to be sold especially as the price goes higher. Would be interesting to see an estimate of how many coins will come on the market at any future price. If we assume that 4m Bitcoin are lost then we have XXX billion people (and hundreds of thousands of companies and organizations) fight over 17m Bitcoin. Personally I like this visualization the best: There are 65m millionaires in the world. So every millionare can only ever get XXXX BTC. Let that sink in"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1947222393685999963) 2025-07-21 09:09:30 UTC 9606 followers, 1419 engagements


"Current $MTPLF mNAV is XXXX. In early May when they were at similar levels Metaplanet was holding 5000 BTC. Since then they more than 3x their stack. QTD BTC Yield is XXXX% which is almost as much as Strategys YTD number. I may need to run the $MSTR ATM again today"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1945376628818739557) 2025-07-16 06:55:06 UTC 9606 followers, 34.2K engagements


"Why did $MSTR choose to delever I think they are preparing themselves for an epic bull run fueled by hundreds of pure play BTC Treasury Companies. I also think they are waiting for the credit markets to catch up and give their prefs the credit rating they deserve. I would like to see all converts convert and disappear from their balance sheet. This will then be the time to aggressively lever up via prefs. They said they are targeting a leverage ratio of 20-30%. With $STRD they might go even higher as this is their junk bond. Personally I would use only XX% of the target leverage capacity."  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1947275553020498068) 2025-07-21 12:40:45 UTC 9606 followers, 5575 engagements


"Be honest have you sold native BTC to buy BTC Treasury Companies"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1947177110399070402) 2025-07-21 06:09:34 UTC 9606 followers, 3221 engagements


"@Leo_HODL What period have you used for BYD It would be helpful to add this to the chart"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1947191901809004630) 2025-07-21 07:08:21 UTC 9606 followers, XXX engagements


"⚠ Open-Sourcing my Comparison Framework & Help Needed Due to popular demand I have now decided to open source my comparison framework. I've uploaded all the spreadsheets that I use for my comparisons to this public Google Sheets: My comparison is under "Ragnar Comparison" and the data source is "BTC Master Sheet". Help needed: Can someone help create a master sheet template that collects all data per single company Basically a generalized version of "BTC Master Sheet" worksheet for one company including all raises all cash balances all purchases all converts all debt all BTC Yields all"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1946561282582134977) 2025-07-19 13:22:29 UTC 9606 followers, 37K engagements


"Latest Comparison of BTC Treasury Companies: $MSTR $MTPLF $SMLR $ALTBG $KULR $SWC Change log: - NEW Added Forward mNAV = assumes that all cash is converted into BTC at current BTC price (currently applied to MTPLF/ALTBG/SWC) - Added latest $SWC purchase - Added latest $ALTBG capital raise - Added latest $MTPLF debt repayment This is all still very experimental & manual. Lots of improvements and ideas in the pipeline (thank you all for so much valuable feedback). If possible always provide the source and/or detailed calculations when suggesting corrections. Follow me @RoaringRagnar so you"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1937992091638108261) 2025-06-25 21:51:35 UTC 9488 followers, 35.3K engagements


"Latest Comparison of BTC Treasury Companies: $MSTR $MTPLF $ALTBG $SWC $HOGPF $CINGF Change log: - Added latest $SWC purchase - Added assumed fully diluted number of shares in addition to basic shares - Added Forward months to cover based on my estimation for Q3 BTC Yield It's slowly coming together. 😊 This is all still very experimental & manual. Lots of improvements and ideas in the pipeline (thank you all for so much valuable feedback). If possible always provide the source and/or detailed calculations when suggesting corrections. Follow me @RoaringRagnar so you don't miss any updates."  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1943598878567121186) 2025-07-11 09:10:57 UTC 9605 followers, 56.7K engagements


"Germany has its first Bitcoin Accumulation Machine"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1942500274121449635) 2025-07-08 08:25:29 UTC 9546 followers, 13.7K engagements


"@ColeMacro What will be the key consequences of so much Paper Bitcoin"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1946617954314961337) 2025-07-19 17:07:41 UTC 9605 followers, XXX engagements


"Summary of the $MSTR SEC filing July XX 2025: X. $XXXXX million raised from $MSTR ATM at $XXXXXX per share on average. $XXXXX billion capacity remaining. X. $XXXX million raised from $STRK ATM at $XXXXXX per share on average. New record. $XXXXX billion capacity remaining. X. $XXXX million raised from $STRF ATM at $XXXXXX per share on average. New record. $XXXX billion capacity remaining. X. $XX million raised from $STRD ATM at $XXXXX per share on average. New record. $XXXX billion capacity remaining. X. In total Strategy raised $XXXXX million from preferreds and continues to harvest the juicy"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1944735317430349902) 2025-07-14 12:26:45 UTC 9606 followers, 80.4K engagements


"@adam3us @KristophJeffers @Metaplanet_JP @DylanLeClair_ Agree that graphs should be the standard and should be published on the dashboard of each treasury"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1943398376101290485) 2025-07-10 19:54:14 UTC 9505 followers, 17K engagements


"$SWC gang I need your help. I need to add to the purchase history the assumed fully diluted shares before the raise ("Shares before raise") and the additional assumed diluted shares ("Additional shares") for each announcement. My current fully diluted share count is at: 351767051 so this needs to be the end number. Then I can calculate the sats per share and BTC Yield myself which will considerably improve my comparison spreadsheets. @BitcoinBee21 your latest share count is 235467435. How do you arrive at that and how do we reconsile it to 351767051 How many warrants are in issue Any other"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1940043766599123435) 2025-07-01 13:44:12 UTC 9488 followers, 2695 engagements


"@AlexandreLaizet @_ALTBG 2000 BTC in reach 🔥"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1947177450707788257) 2025-07-21 06:10:55 UTC 9606 followers, XXX engagements


"My main metric for pair trading BTC Treasuries is FMC (in months) or Forward P/BYD (same number but in years). FMC means Forward Months to Cover mNAV. It's the number of months it takes to fully cover the Forward mNAV back to X. It's based on the Forward mNAV (which includes all cash ready to be deployed into Bitcoin) and my estimate of Q3 BTC Yield. I don't like to look backwards as the historical numbers are often skewed upwards for early companies or a little low for companies with a bad quarter (like ALTBG). Of course this is highly subjective. You can download my spreadsheet and include"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1947211709057274163) 2025-07-21 08:27:03 UTC 9606 followers, 2649 engagements


"35% sold native BTC to buy BTC Treasury companies. Full results of my poll:"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1947546237537763337) 2025-07-22 06:36:21 UTC 9606 followers, XXX engagements


"Latest Comparison of BTC Treasury Companies: $MSTR $MTPLF $SMLR $ALTBG $KULR $SWC $HOGPF $CINGF Change log: - Added latest $MTPLF purchase - Added latest $SMLR purchase - Added latest $ALTBG purchase - Added latest $SWC purchase - Added latest $CINGF purchase Note: This is just a quick update so please expect mistakes. I didn't have time to properly double check everything as it's getting quite complex. Will do it later. Just wanted to get this out there. This is all still very experimental & manual. Lots of improvements and ideas in the pipeline (thank you all for so much valuable feedback)."  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1942218618684461191) 2025-07-07 13:46:18 UTC 9488 followers, 64K engagements


"A lot of people are selling BTC for Treasuries. Very interesting and something to keep in mind when BTC price takes a breather"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1947229344159412660) 2025-07-21 09:37:08 UTC 9606 followers, 2331 engagements


"YOLO PORTFOLIO UPDATE JULY XX 2025 Project $1M: XX% complete Added $PXI today. Super small super early risky but great potential. They have $13M CAD in cash & equivalents that they plan to fully port into Bitcoin. Note: This is my strict YOLO portfolio where I deliberately push the limits. Its a small part of my net worth. I still have my big HODL positions. Dont blindly copy me"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1944857251182755882) 2025-07-14 20:31:17 UTC 9550 followers, 12.9K engagements


"Current comparison between BTC Treasury companies: $MSTR $MTPLF $ALTBG $SMLR and $SWC Change log: - Added $SWC due to popular demand. - Added subjective BTC Yield Discount to account for small base I need help with $SWC: Is share count correct Do they have debt When was their first purchase and how much (ideally including source links where I can get the updated numbers in the future) I need help with $KULR: Can anyone provide me with all relevant data (ideally including source links where I can get the updated numbers in the future) This is all still very experimental and manual. Follow me"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1926998483703119938) 2025-05-26 13:46:55 UTC 9606 followers, 67.6K engagements


"Summary of the $MSTR SEC filing July XX 2025: X. $XXXXX million raised from $MSTR ATM at $XXXXXX per share on average. $XXXXX billion capacity remaining. X. $XXX million raised from $STRK ATM at $XXXXXX per share on average. XXXXX billion capacity remaining. X. $XXX million raised from $STRF ATM at $XXX per share on average (seems low Im pretty sure theres a rounding problem or an error there). $XXXX billion capacity remaining. X. $XXX million raised from $STRD ATM at $XXXXX per share on average. $XXXX billion capacity remaining. X. In total Strategy raised just $XXX million from preferreds"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1947270781819379834) 2025-07-21 12:21:47 UTC 9606 followers, 25.9K engagements


"Agree. X share price metrics are relevant: - fiat price - price in BTC - BTC per share"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1946519061568881110) 2025-07-19 10:34:43 UTC 9564 followers, 3694 engagements


"YOLO PORTFOLIO UPDATE JULY XX 2025 Project $1M: XX% complete Added more $PXI and took a tiny bit of profits to add back $SWC significantly cheaper. Also set up more profit taking orders to automate my workflow. Most of this portfolio is now in companies eh. Note: This is my strict YOLO portfolio where I deliberately push the limits. Its a small part of my net worth. I still have my big HODL positions. Dont blindly copy me"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1945233986957271318) 2025-07-15 21:28:17 UTC 9505 followers, 16.6K engagements


"@joey_cacciatore Thank you for posting this update. A great week indeed. Looking forward to the press release that confirms the deployment of the cash. Keep it up. 🔥"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1946917723910357026) 2025-07-20 12:58:52 UTC 9603 followers, 1332 engagements


"Excellent guide for HNWI and institutional investors who want to invest into BTC Treasuries 👇🏻"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1946166418556260773) 2025-07-18 11:13:26 UTC 9502 followers, 3383 engagements


"@Syffe92 My next ones will be $SQNS and $LQWD but honestly I'm already at my limit of what I can handle"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1946494286742114405) 2025-07-19 08:56:16 UTC 9565 followers, XXX engagements


"Currently there are XXX publicly listed companies with Bitcoin on their Balance sheet. Until the year-end I predict XXX and within XX months I predict 1000. Here's Volcon who want to raise $XXX million with a private placement now and $X billion through an ATM later. BTC Treasuries are on fire. 🔥"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1945854507835072824) 2025-07-17 14:34:01 UTC 9490 followers, 4225 engagements


"@EneaDenkt @saylor @IIICapital @AlexandreLaizet @Kosanovic_V @dannyfonse @Bthemoon2030 @ZynxBTC I think you need at least 5000 BTC to even consider preferreds. Not everybody will be able to get to this stage"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1945950080252420495) 2025-07-17 20:53:47 UTC 9549 followers, XXX engagements


"Latest Comparison of BTC Treasury Companies: $MSTR $MTPLF $ALTBG $SWC $HOGPF $CINGF $BLGV $PXI Change log: - Added new purchases and raises from $MTPLF $ALTBG $PXI - Added $10M CAD estimated private placement raise of $BLGV (to be announced) to have a proper comparison with $PXI This is all still very experimental & manual. Lots of improvements and ideas in the pipeline (thank you all for so much valuable feedback). If possible always provide the source and/or detailed calculations when suggesting corrections. Follow me @RoaringRagnar so you don't miss any updates. Feedback & discussion"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1945132484062073227) 2025-07-15 14:44:57 UTC 9606 followers, 73.9K engagements


"Network effects matter. Not just for Bitcoin Spot ETFs but also for BTC Treasuries. Look at the difference in trading volume of $IBIT and everyone else. (see below) Its a factor 8.5x to 90x difference. The same will happen with BTC Treasuries. The ones with large volumes & large volatility and sustained healthy mNAV & BTC Yield will outperform the others with similar factors. Step X is to get to XXX BTC. Step X is to get to XXX BTC. Step X is to get to 2100 BTC Only the ones who get to 2100 BTC and have a clear path for further growth will have a shot at long-term success. The others will"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1945983656511627336) 2025-07-17 23:07:12 UTC 9602 followers, 34.7K engagements


"@gerovich Most shares on Interactive Brokers DN3 ticker. Please help to make sure that volume increases & spreads decrease for DN3 🙏🏻"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1945868553007120682) 2025-07-17 15:29:50 UTC 9606 followers, 10.5K engagements


"@greg16676935420 Nah. I will make probably way more than $17M in that year from the alpha I get on X"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1946916595298615646) 2025-07-20 12:54:22 UTC 9563 followers, XXX engagements


"Would you rather own all of Ethereum ($450B) or 3x all pure play public BTC Treasury companies (3 x $130B = $390B) and still have $60000000000 left over Crazy how incredibly undervalued BTC Treasuries are when compared to altcoins 🤯"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1947184323485938041) 2025-07-21 06:38:14 UTC 9606 followers, 3367 engagements


"All treasury company CEOs should post a weekly update like the one below. Lets make this a standard. @AlexandreLaizet @saylor @tylev @joey_cacciatore @btcjvs @Sanderandersenn"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1943950828072747334) 2025-07-12 08:29:28 UTC 9497 followers, 17.1K engagements


"$MSTR is now up XX% measured in $MTPLF. That means that for each $MSTR share you now get 1.6x the amount of $MTPLF shares compared to one month ago. This is the power of intelligent pair trading"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1945423017732931808) 2025-07-16 09:59:26 UTC 9606 followers, 16K engagements


"@PaulAustin3w Amazing. Hopefully more countries will follow this example 🔥"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1946334859703509417) 2025-07-18 22:22:46 UTC 9580 followers, XXX engagements


"Latest Comparison of BTC Treasury Companies: $MSTR $MTPLF $ALTBG $SWC $HOGPF $CINGF $BLGV $PXI Change log: - Added $PXI (beta) - Added all new purchases and raises - Updated community numbers This is all still very experimental & manual. Lots of improvements and ideas in the pipeline (thank you all for so much valuable feedback). If possible always provide the source and/or detailed calculations when suggesting corrections. Follow me @RoaringRagnar so you don't miss any updates. Feedback & discussion welcome"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1944885337018306757) 2025-07-14 22:22:53 UTC 9604 followers, 32.9K engagements


"Private placements or subscription rights are the cheat code for early stage BTC Treasury Companies. Imagine if HALF the capital that we all invested was not on the open market but in form of private placements or subscriptions. Then those early stage companies could have purchased hundreds of BTC more. Let's say someone wants to invest $100K. If they buy the shares on the open market then the shares simply change hands and the company doesn't get any new capital to purchase Bitcoin. If the $100K are invested via a private placement or subscription then the company gets new capital and can"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1947217594563367120) 2025-07-21 08:50:26 UTC 9606 followers, 4386 engagements


"I really like the unique positioning of $STRK. You are high in the capital structure have an $X fixed dividend and healthy upside participation. A great vehicle to potentially rotate profits into basically delevering & hedging while maintaining upside potential"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1942367519622209904) 2025-07-07 23:37:58 UTC 9606 followers, 5155 engagements


"YOLO PORTFOLIO UPDATE JULY XX 2025 Project $1M: XX% complete Starting to get into a nice rhythm. Almost all treasuries are down yet my yolo account is up 5%. Rotated some profits into $MTPLF (DN3). Goal is to have a good balance between higher risk and lower risk positions. I like my $SWC and $MTPLF positions in that regard. Note: This is my strict YOLO portfolio where I deliberately push the limits. Its a small part of my net worth. I still have my big HODL positions. Dont blindly copy me"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1946272862072889453) 2025-07-18 18:16:24 UTC 9606 followers, 17.9K engagements


"Its nuts what $SWC achieved in such a short period of time. 1600 BTC (+240 BTC in cash) in X months. Lets see whether they can keep up this pace"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1947189967614103692) 2025-07-21 07:00:39 UTC 9606 followers, 3438 engagements


"@Civic108 @EneaDenkt @saylor @IIICapital @AlexandreLaizet @Kosanovic_V @dannyfonse @Bthemoon2030 @ZynxBTC My rough guess is that such a listing easily costs $X million. I could be totally off of course"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1946250112558047388) 2025-07-18 16:46:01 UTC 9515 followers, XX engagements


"Latest Comparison of BTC Treasury Companies: $MSTR $MTPLF $ALTBG $SWC $HOGPF $CINGF $BLGV $PXI ⚠ BIG UPDATE (read below) Change log: - Added all new purchases and capital raises - Updated all cash balances (as well as I could) - Added fully diluted current mNAV (yellow highlight) - Added Forward P/BYD (green highlight) Discusson on P/BYD While I appreciate the new P/BYD metric by @Croesus_BTC and @asjwebley I prefer my "Forward Months to Cover" metric (highlighted in green). First it considers the Forward mNAV including the cash ready to be deployed into Bitcoin. And second it uses my Q3"  
![@RoaringRagnar Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1874841959916806144.png) [@RoaringRagnar](/creator/x/RoaringRagnar) on [X](/post/tweet/1946488914283208866) 2025-07-19 08:34:55 UTC 9606 followers, 80.7K engagements