[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.] [@mikewmunz](/creator/twitter/mikewmunz) "Grayscale GBTC was a TRUST with no ability to redeem the underlying asset (BTC). Once you bought shares your ONLY recourse was to sell in the open market When the bear market hit and people were panicking they SOLD the shares. Many of the GBTC shares were caught in the entire fuckery of the Genesis lending BS scheme including 3AC where many entities were on the hook with borrowed shares and no ability to pay them back. The premium was lost because it was distressed and entities with massive exposure were caught in bankruptcy This is not comparable to a Treasury Company and its shameful that"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1948110324529287328) 2025-07-23 19:57:50 UTC 3912 followers, XX engagements "Ask yourself a question: When we are on a Bitcoin standard and fiat no longer exists what will the investment landscape look like Will businesses not exist Will people stop taking equity positions in businesses Will they stop owning real estate When Bitcoin is the money people will look to INVEST the Bitcoin for a return in BITCOIN. When stocks are priced in Bitcoin will you be complaining you must pay Bitcoin it acquire equity Some people are ahead of the curve in what a Bitcoin based system actually looks like. Some people are still stuck at Bitcoin only no matter what. The transition to"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1945945072694116757) 2025-07-17 20:33:53 UTC 3912 followers, XXX engagements "@bboygaf The long leverage is getting flushed. Cant go up until those positions get closed or liquidated Shorts will have their day dont worry"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1948593866967245174) 2025-07-25 03:59:15 UTC 3932 followers, XX engagements "@Giga_Chad_Maxi @HodlMagoo If its paper then what are they buying"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947388562024108140) 2025-07-21 20:09:48 UTC 3898 followers, XX engagements "Such a great idea. Im considering paying my landlord the full years rent ahead of time using my Bitcoin gains so I dont have to worry about the payments each month anymore. Then I can really start stacking Bitcoin with the extra money Im saving. Cant believe I didnt think about this before"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947673762679160850) 2025-07-22 15:03:05 UTC 3912 followers, XXX engagements "Illiquidity mainly. Market makers move those with ease. Coordinated buying by a few large entities can move price substantially and they know more buying comes in when they move price. You can see it when the VWAP gets hammered at certain price points. XRP is a wonderfully orchestrated cabal on the backs of the greatest marketing department that exists. Its moths to light for people who have no clue what anything is"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947453320127213942) 2025-07-22 00:27:08 UTC 3901 followers, 9254 engagements "Its called PTSD and as long as you have many people preparing for a bear market the higher we will go"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1948452504221393273) 2025-07-24 18:37:32 UTC 3932 followers, XXX engagements "@WildwoodK @MSTRTrueNorth What Really Haha do you remember where Next time come say hi I love meeting you all and putting faces and names to accounts on here. Its the only time we can ever do it"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947442950079926566) 2025-07-21 23:45:55 UTC 3898 followers, 10.9K engagements "Update: Its been X days. The following price action has occurred: -A flush down to $116.2k -bounce up to $120.3k -A flush down to $117.3k -bounce up to $119.3k -A flush down to $117.2k -bounce to $119.6k -Currently flushing down to $117.7k The range is getting tighter over time here in the upper 110s. Only a matter of time before we break to the upside. Amazing isnt it"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1948546904356422112) 2025-07-25 00:52:38 UTC 3932 followers, 7521 engagements "SMLR isnt an operating company. We have to separate the companies that hold Bitcoin and acquire it vs operating companies designed to engineer the equity for acquisition Why would I invest in a company that wasnt a pure play treasury company. I still have not been given a good reason for why a pure play operating company would trade below 1x given the only value of the business is to engineer Bitcoin acquisition"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1948118915608989900) 2025-07-23 20:31:58 UTC 3914 followers, XXX engagements "They will come stampeding in again when it starts to move and we get the next big leg up and euphoria blow off. Happens every time. It will exceed the fundamentals for a period of time you can be sure of that When we get another stock split and its cheaper per share there will be yet another flood of entrants and buyers who now see it as cheap"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1948093097205768207) 2025-07-23 18:49:22 UTC 3928 followers, XXX engagements "@btc_overflow MSTY pays X% a month at minimum People are going to opt in for XXXX% per month instead Zero chance"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947423839563956699) 2025-07-21 22:29:59 UTC 3905 followers, XXX engagements "@HurdleRatePod is back with another episode One of the best podcasts out there for understanding the Tradfi/Bitcoin merger and the rise of the Bitcoin Treasury Company"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1948027257244774632) 2025-07-23 14:27:45 UTC 3900 followers, XX engagements "The converts were great to get large sums of capital into the door and create a highly liquid options market via volatility early on. But once you scale enough they become an annoyance with the delta hedging as price attempts to move up. They are net negative now imo and thats why they wont issue any more unless there is a unique condition that makes it beneficial FWIW the largest tranche of converts the 2029 $X billion was issued at the ATHs in November. They short sold nearly $X billion into the market and smoked the equity. Saylor wont be doing that again"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947441092908994858) 2025-07-21 23:38:32 UTC 3901 followers, XXX engagements "@gocondo Buy spot. Move it to cold storage. Hold and wait. Know that its going much much higher over the coming years"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947479936203370711) 2025-07-22 02:12:53 UTC 3914 followers, 13.4K engagements "This is not Bernie Madoff running a secret hedge fund Ponzi scheme needing to convince a single person to cook the books while segregating all communication and interaction between the other business operations on a completely separate floor employing minimum wage desperate people who ask no questions for it to work There are common red flags all over for financial fraud and openly being keynote speakers at conferences around the world telling everyone exactly what they are doing creating new financial instruments never before seen and new metrics for how to value business and transforming"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1948073686684381247) 2025-07-23 17:32:15 UTC 3912 followers, XXX engagements "Fun fact: You could do the same thing for 104k-112k"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947490520885809310) 2025-07-22 02:54:57 UTC 3932 followers, 31.6K engagements "@HermesLux @saylor Hermes do you think income products should not exist and no one should buy them Not just yield max funds but fixed income treasuries REITs etc"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947444552497041665) 2025-07-21 23:52:17 UTC 3903 followers, XXX engagements "They arent the only ones in the market. Youre fighting against spot buyers and other traders and other market makers. They use illiquid low volume times like overnight and weekends to push price around but even so with strong spot buying they cant do much. They will liquidate as much as they can if conditions allow for it but thats why it only lasts for so long. Eventually the long leverage dies off as they keep losing then it reverses and they get liquidated the other way on their shorts pushing price up"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947442200171974675) 2025-07-21 23:42:56 UTC 3901 followers, XXX engagements "This guys $MTPLF position is down XX% but he continues to rag on short term daily differences of .07% price movement between IBIT and MSTR Share dilution of the Japanese hotel company isnt in his conversation pieces but Saylors nuts is daily Once again the intersection of a day trader and a long term investor is obvious. Know who youre dealing with when you listen to their opinions"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1948076795674398852) 2025-07-23 17:44:36 UTC 3932 followers, 1444 engagements "@Ted47617344 It was brutal for sure if you got in tail end of 2017 at the peak. Most did and then got thrown to the wolves real quick. ICO era was bonkers. Some would 3x in a few hours because of a logo change 😂😂"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1948457123991749111) 2025-07-24 18:55:53 UTC 3914 followers, XX engagements "@DividendMil Paying off your house is incredibly stupid when Bitcoin exists. Your X% interest rate means absolutely nothing. Pennies"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947657328049983726) 2025-07-22 13:57:47 UTC 3911 followers, XXX engagements "@_Checkmatey_ Then you as the Bitcoin holder is also screwed"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947298678793736383) 2025-07-21 14:12:38 UTC 3891 followers, XXX engagements "$5 million of preferred stock ATM and $730+ million common stock ATM There wont be significant preferred stock flows until S&P XXX inclusion and a credit rating afterwards Theres a process here and it takes time"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947304592846332304) 2025-07-21 14:36:08 UTC 3915 followers, XXX engagements "There are zero pure play operating companies on that list below 1x or they are in some obscure market that no one cares about. Or havent even launched yet (XXI) Holding Bitcoin on a balance sheet does not make you a Bitcoin Treasury Company. That is a company with a full fledged business that happens to hold Bitcoin. These are not the same"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1948116126782918875) 2025-07-23 20:20:53 UTC 3914 followers, XXX engagements "What do we think the ticker for the preferreds will be $FUKU $REKT $GIMME $JPYDIE $SIMON $DYLAN"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1939757613220048944) 2025-06-30 18:47:08 UTC 3931 followers, 1624 engagements "Let me explain how this works: Bitcoin goes up to $120k a bunch of degenerates leverage long the breakout the market makers eat their buys then dump and liquidate the 25-100x leverage positions back to $116k. Spot price adjusts as arbitrageurs trade the difference. Meanwhile XXX treasury companies are using the volatility to gather funds to buy more Bitcoin sustaining the price of spot and OTC. Price gradually moves back up as spot bids sustain from buyers that are price agnostic (most of the treasury companies) and TWAP buyers Eventually the coins available in this range disappear into"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947391135363830078) 2025-07-21 20:20:02 UTC 3932 followers, 469.3K engagements "When the leverage positions get liquidated it causes quick spikes in price (up or down as longs/shorts get liquidated). There is a temporary dislocation between the perpetual price and the spot price as they are different order books entirely. Market makers bots traders are constantly trading any premium or discount between these two prices (including differences between exchanges like Binance or OKEX or Bybit) so the pricing difference in high volatility doesnt last very long. In a long liquidation longs sell their position forcing downward price pressure. If the perpetual price is lower"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947656020634841293) 2025-07-22 13:52:35 UTC 3931 followers, 5026 engagements "What prevents an institutional buyer from going to Strategy and saying we have $X billion of capital we want to buy STRF/STRK/STRD/STRC with. Can you issue us new shares via the ATM at an agreed upon price instead of buying in the open market $MSTR $STRF $STRK $STRD $STRC"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1948099001300947021) 2025-07-23 19:12:50 UTC 3931 followers, 1068 engagements "Im saying the pure play treasury companies really shouldnt trade at a discount except for extreme short term conditions. The hybrid plays are a different category entirely and shouldnt be valued the same. I completely agree majority of these hybrid companies will go to 1x at best imo given they have immense liabilities compared to the Bitcoin holdings but the treasury companies in aggregate I dont see it as the market is always forward looking and they have plenty of ways to acquire Bitcoin in downturns and grow the balance sheet Comparing the GBTC discount at the depths of the 2022/2023 bear"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1948445819549475313) 2025-07-24 18:10:58 UTC 3914 followers, XX engagements "@dgt10011 Jeff please provide the lower IQ version in your next post please"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947509308591378801) 2025-07-22 04:09:36 UTC 3910 followers, 6202 engagements "Yes the company can liquidate the Bitcoin any second of any day whenever they want Grayscale could not liquidate the Bitcoin held in the Trust at any point in time whether they wanted to or not Which is why they didnt. Which is why there were lawsuits. Which is why they filed to convert to an ETF. Which is why they went into a massive discount You buying a share of MSTR has absolutely nothing to do with the Bitcoin they hold. Grayscale creating shares of GBTC to buy Bitcoin held in the Trust directly acquires Bitcoin by the Trust"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1948113386505658608) 2025-07-23 20:10:00 UTC 3912 followers, XX engagements "@Vidura16269857 Spot price gets moved around to find liquidity. Either buyers at a lower price or sellers at a higher price. This is a never ending process by market makers. It forces action"  [@mikewmunz](/creator/x/mikewmunz) on [X](/post/tweet/1947679212170605026) 2025-07-22 15:24:44 UTC 3926 followers, XXX engagements
[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.]
@mikewmunz
"Grayscale GBTC was a TRUST with no ability to redeem the underlying asset (BTC). Once you bought shares your ONLY recourse was to sell in the open market When the bear market hit and people were panicking they SOLD the shares. Many of the GBTC shares were caught in the entire fuckery of the Genesis lending BS scheme including 3AC where many entities were on the hook with borrowed shares and no ability to pay them back. The premium was lost because it was distressed and entities with massive exposure were caught in bankruptcy This is not comparable to a Treasury Company and its shameful that"
@mikewmunz on X 2025-07-23 19:57:50 UTC 3912 followers, XX engagements
"Ask yourself a question: When we are on a Bitcoin standard and fiat no longer exists what will the investment landscape look like Will businesses not exist Will people stop taking equity positions in businesses Will they stop owning real estate When Bitcoin is the money people will look to INVEST the Bitcoin for a return in BITCOIN. When stocks are priced in Bitcoin will you be complaining you must pay Bitcoin it acquire equity Some people are ahead of the curve in what a Bitcoin based system actually looks like. Some people are still stuck at Bitcoin only no matter what. The transition to" @mikewmunz on X 2025-07-17 20:33:53 UTC 3912 followers, XXX engagements
"@bboygaf The long leverage is getting flushed. Cant go up until those positions get closed or liquidated Shorts will have their day dont worry" @mikewmunz on X 2025-07-25 03:59:15 UTC 3932 followers, XX engagements
"@Giga_Chad_Maxi @HodlMagoo If its paper then what are they buying" @mikewmunz on X 2025-07-21 20:09:48 UTC 3898 followers, XX engagements
"Such a great idea. Im considering paying my landlord the full years rent ahead of time using my Bitcoin gains so I dont have to worry about the payments each month anymore. Then I can really start stacking Bitcoin with the extra money Im saving. Cant believe I didnt think about this before" @mikewmunz on X 2025-07-22 15:03:05 UTC 3912 followers, XXX engagements
"Illiquidity mainly. Market makers move those with ease. Coordinated buying by a few large entities can move price substantially and they know more buying comes in when they move price. You can see it when the VWAP gets hammered at certain price points. XRP is a wonderfully orchestrated cabal on the backs of the greatest marketing department that exists. Its moths to light for people who have no clue what anything is" @mikewmunz on X 2025-07-22 00:27:08 UTC 3901 followers, 9254 engagements
"Its called PTSD and as long as you have many people preparing for a bear market the higher we will go" @mikewmunz on X 2025-07-24 18:37:32 UTC 3932 followers, XXX engagements
"@WildwoodK @MSTRTrueNorth What Really Haha do you remember where Next time come say hi I love meeting you all and putting faces and names to accounts on here. Its the only time we can ever do it" @mikewmunz on X 2025-07-21 23:45:55 UTC 3898 followers, 10.9K engagements
"Update: Its been X days. The following price action has occurred: -A flush down to $116.2k -bounce up to $120.3k -A flush down to $117.3k -bounce up to $119.3k -A flush down to $117.2k -bounce to $119.6k -Currently flushing down to $117.7k The range is getting tighter over time here in the upper 110s. Only a matter of time before we break to the upside. Amazing isnt it" @mikewmunz on X 2025-07-25 00:52:38 UTC 3932 followers, 7521 engagements
"SMLR isnt an operating company. We have to separate the companies that hold Bitcoin and acquire it vs operating companies designed to engineer the equity for acquisition Why would I invest in a company that wasnt a pure play treasury company. I still have not been given a good reason for why a pure play operating company would trade below 1x given the only value of the business is to engineer Bitcoin acquisition" @mikewmunz on X 2025-07-23 20:31:58 UTC 3914 followers, XXX engagements
"They will come stampeding in again when it starts to move and we get the next big leg up and euphoria blow off. Happens every time. It will exceed the fundamentals for a period of time you can be sure of that When we get another stock split and its cheaper per share there will be yet another flood of entrants and buyers who now see it as cheap" @mikewmunz on X 2025-07-23 18:49:22 UTC 3928 followers, XXX engagements
"@btc_overflow MSTY pays X% a month at minimum People are going to opt in for XXXX% per month instead Zero chance" @mikewmunz on X 2025-07-21 22:29:59 UTC 3905 followers, XXX engagements
"@HurdleRatePod is back with another episode One of the best podcasts out there for understanding the Tradfi/Bitcoin merger and the rise of the Bitcoin Treasury Company" @mikewmunz on X 2025-07-23 14:27:45 UTC 3900 followers, XX engagements
"The converts were great to get large sums of capital into the door and create a highly liquid options market via volatility early on. But once you scale enough they become an annoyance with the delta hedging as price attempts to move up. They are net negative now imo and thats why they wont issue any more unless there is a unique condition that makes it beneficial FWIW the largest tranche of converts the 2029 $X billion was issued at the ATHs in November. They short sold nearly $X billion into the market and smoked the equity. Saylor wont be doing that again" @mikewmunz on X 2025-07-21 23:38:32 UTC 3901 followers, XXX engagements
"@gocondo Buy spot. Move it to cold storage. Hold and wait. Know that its going much much higher over the coming years" @mikewmunz on X 2025-07-22 02:12:53 UTC 3914 followers, 13.4K engagements
"This is not Bernie Madoff running a secret hedge fund Ponzi scheme needing to convince a single person to cook the books while segregating all communication and interaction between the other business operations on a completely separate floor employing minimum wage desperate people who ask no questions for it to work There are common red flags all over for financial fraud and openly being keynote speakers at conferences around the world telling everyone exactly what they are doing creating new financial instruments never before seen and new metrics for how to value business and transforming" @mikewmunz on X 2025-07-23 17:32:15 UTC 3912 followers, XXX engagements
"Fun fact: You could do the same thing for 104k-112k" @mikewmunz on X 2025-07-22 02:54:57 UTC 3932 followers, 31.6K engagements
"@HermesLux @saylor Hermes do you think income products should not exist and no one should buy them Not just yield max funds but fixed income treasuries REITs etc" @mikewmunz on X 2025-07-21 23:52:17 UTC 3903 followers, XXX engagements
"They arent the only ones in the market. Youre fighting against spot buyers and other traders and other market makers. They use illiquid low volume times like overnight and weekends to push price around but even so with strong spot buying they cant do much. They will liquidate as much as they can if conditions allow for it but thats why it only lasts for so long. Eventually the long leverage dies off as they keep losing then it reverses and they get liquidated the other way on their shorts pushing price up" @mikewmunz on X 2025-07-21 23:42:56 UTC 3901 followers, XXX engagements
"This guys $MTPLF position is down XX% but he continues to rag on short term daily differences of .07% price movement between IBIT and MSTR Share dilution of the Japanese hotel company isnt in his conversation pieces but Saylors nuts is daily Once again the intersection of a day trader and a long term investor is obvious. Know who youre dealing with when you listen to their opinions" @mikewmunz on X 2025-07-23 17:44:36 UTC 3932 followers, 1444 engagements
"@Ted47617344 It was brutal for sure if you got in tail end of 2017 at the peak. Most did and then got thrown to the wolves real quick. ICO era was bonkers. Some would 3x in a few hours because of a logo change 😂😂" @mikewmunz on X 2025-07-24 18:55:53 UTC 3914 followers, XX engagements
"@DividendMil Paying off your house is incredibly stupid when Bitcoin exists. Your X% interest rate means absolutely nothing. Pennies" @mikewmunz on X 2025-07-22 13:57:47 UTC 3911 followers, XXX engagements
"@Checkmatey Then you as the Bitcoin holder is also screwed" @mikewmunz on X 2025-07-21 14:12:38 UTC 3891 followers, XXX engagements
"$5 million of preferred stock ATM and $730+ million common stock ATM There wont be significant preferred stock flows until S&P XXX inclusion and a credit rating afterwards Theres a process here and it takes time" @mikewmunz on X 2025-07-21 14:36:08 UTC 3915 followers, XXX engagements
"There are zero pure play operating companies on that list below 1x or they are in some obscure market that no one cares about. Or havent even launched yet (XXI) Holding Bitcoin on a balance sheet does not make you a Bitcoin Treasury Company. That is a company with a full fledged business that happens to hold Bitcoin. These are not the same" @mikewmunz on X 2025-07-23 20:20:53 UTC 3914 followers, XXX engagements
"What do we think the ticker for the preferreds will be $FUKU $REKT $GIMME $JPYDIE $SIMON $DYLAN" @mikewmunz on X 2025-06-30 18:47:08 UTC 3931 followers, 1624 engagements
"Let me explain how this works: Bitcoin goes up to $120k a bunch of degenerates leverage long the breakout the market makers eat their buys then dump and liquidate the 25-100x leverage positions back to $116k. Spot price adjusts as arbitrageurs trade the difference. Meanwhile XXX treasury companies are using the volatility to gather funds to buy more Bitcoin sustaining the price of spot and OTC. Price gradually moves back up as spot bids sustain from buyers that are price agnostic (most of the treasury companies) and TWAP buyers Eventually the coins available in this range disappear into" @mikewmunz on X 2025-07-21 20:20:02 UTC 3932 followers, 469.3K engagements
"When the leverage positions get liquidated it causes quick spikes in price (up or down as longs/shorts get liquidated). There is a temporary dislocation between the perpetual price and the spot price as they are different order books entirely. Market makers bots traders are constantly trading any premium or discount between these two prices (including differences between exchanges like Binance or OKEX or Bybit) so the pricing difference in high volatility doesnt last very long. In a long liquidation longs sell their position forcing downward price pressure. If the perpetual price is lower" @mikewmunz on X 2025-07-22 13:52:35 UTC 3931 followers, 5026 engagements
"What prevents an institutional buyer from going to Strategy and saying we have $X billion of capital we want to buy STRF/STRK/STRD/STRC with. Can you issue us new shares via the ATM at an agreed upon price instead of buying in the open market $MSTR $STRF $STRK $STRD $STRC" @mikewmunz on X 2025-07-23 19:12:50 UTC 3931 followers, 1068 engagements
"Im saying the pure play treasury companies really shouldnt trade at a discount except for extreme short term conditions. The hybrid plays are a different category entirely and shouldnt be valued the same. I completely agree majority of these hybrid companies will go to 1x at best imo given they have immense liabilities compared to the Bitcoin holdings but the treasury companies in aggregate I dont see it as the market is always forward looking and they have plenty of ways to acquire Bitcoin in downturns and grow the balance sheet Comparing the GBTC discount at the depths of the 2022/2023 bear" @mikewmunz on X 2025-07-24 18:10:58 UTC 3914 followers, XX engagements
"@dgt10011 Jeff please provide the lower IQ version in your next post please" @mikewmunz on X 2025-07-22 04:09:36 UTC 3910 followers, 6202 engagements
"Yes the company can liquidate the Bitcoin any second of any day whenever they want Grayscale could not liquidate the Bitcoin held in the Trust at any point in time whether they wanted to or not Which is why they didnt. Which is why there were lawsuits. Which is why they filed to convert to an ETF. Which is why they went into a massive discount You buying a share of MSTR has absolutely nothing to do with the Bitcoin they hold. Grayscale creating shares of GBTC to buy Bitcoin held in the Trust directly acquires Bitcoin by the Trust" @mikewmunz on X 2025-07-23 20:10:00 UTC 3912 followers, XX engagements
"@Vidura16269857 Spot price gets moved around to find liquidity. Either buyers at a lower price or sellers at a higher price. This is a never ending process by market makers. It forces action" @mikewmunz on X 2025-07-22 15:24:44 UTC 3926 followers, XXX engagements