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[@btc_overflow](/creator/twitter/btc_overflow)
"H100 Update ($H100 $GS9 $HOGPF) Oct XX 2025. Amid a continued challenging market environment recent events highlight the resilience of intelligently structured corporate leverage. Whereas an estimated $XXXX billion in leveraged bitcoin positions and $XXXX billion in total leveraged crypto positions were liquidated in last weekends flash crash unsecured debt in the form of convertible bonds that are termed out years into the future such as H100 has commonly employed faced no immediate liquidation risk. Asset-liability matching is a key component of risk management when strategically employing"  
[X Link](https://x.com/btc_overflow/status/1979570197758685639) [@btc_overflow](/creator/x/btc_overflow) 2025-10-18T15:28Z 16.5K followers, 3646 engagements


"Current mood in Bitcoin Treasury land reminds me of bitcoin's $58K gang late last summer. Major US players $XXI (CEP) $BSTR (CEPO) $NAKA and $ASST have yet to even start. Many non-US LBEs have yet to even launch. I have to think peak frenzy is still ahead of us"  
[X Link](https://x.com/btc_overflow/status/1947318953459568997) [@btc_overflow](/creator/x/btc_overflow) 2025-07-21T15:33Z 16.5K followers, 14.8K engagements


"@ZynxBTC Fun fact many people incorrectly believe H100 has only ever done private equity raises when in fact 2/3 funds to date have been raised via convertible loans with a current leverage ratio of 28%"  
[X Link](https://x.com/btc_overflow/status/1976413221935620492) [@btc_overflow](/creator/x/btc_overflow) 2025-10-09T22:23Z 16.5K followers, 2494 engagements


"Daily thesis check: Do I believe that the spread between bitcoin CAGR and interest rates will continue to persist for the actionable future Yes. Carry on"  
[X Link](https://x.com/btc_overflow/status/1976414698049319176) [@btc_overflow](/creator/x/btc_overflow) 2025-10-09T22:29Z 16.5K followers, 3796 engagements


"Morgan Stanley advisors have just become part of Bitcoin's decentralized sales and marketing team. "Starting Oct. XX advisors will be able to pitch crypto funds to any client.""  
[X Link](https://x.com/btc_overflow/status/1976660135553712352) [@btc_overflow](/creator/x/btc_overflow) 2025-10-10T14:44Z 16.5K followers, 1819 engagements


"@dRiskDave Based on these criteria Texas or Florida"  
[X Link](https://x.com/btc_overflow/status/1979222500279046495) [@btc_overflow](/creator/x/btc_overflow) 2025-10-17T16:26Z 16.5K followers, XXX engagements


"One of the things that's difficult to appreciate about BTCTCs from the outside looking in is the amount of legal and compliance work that goes into executing operations. Currently dialing caffeination meter up to XX and dialed in"  
[X Link](https://x.com/btc_overflow/status/1979237404184654009) [@btc_overflow](/creator/x/btc_overflow) 2025-10-17T17:25Z 16.5K followers, 2085 engagements


"@wealthnomix Working hard on it"  
[X Link](https://x.com/btc_overflow/status/1979243689298849836) [@btc_overflow](/creator/x/btc_overflow) 2025-10-17T17:50Z 16.5K followers, XX engagements


"@Satosophy Work in progress"  
[X Link](https://x.com/btc_overflow/status/1979576008467509712) [@btc_overflow](/creator/x/btc_overflow) 2025-10-18T15:51Z 16.5K followers, XX engagements


"@VIXspike Most BTCTCs trading near 1x mNAV have only arrived there within the past couple weeks. By definition not a norm. Though there is still work to do. And to the point of OP historically even for MSTR there is no such thing as a normal mNAV. It's a volatile cyclical phenomenon"  
[X Link](https://x.com/btc_overflow/status/1979263703980871960) [@btc_overflow](/creator/x/btc_overflow) 2025-10-17T19:10Z 16.5K followers, XXX engagements


"@ZynxBTC 🤝 It's a balancing act with what I can say but still trying to keep it real where I can"  
[X Link](https://x.com/btc_overflow/status/1979283264389927398) [@btc_overflow](/creator/x/btc_overflow) 2025-10-17T20:27Z 16.5K followers, XXX engagements


"@LizardWizardBTC @adam3us I can't comment on BTCTC price. But there's definitely a clear structural difference in BTC holding behavior between levered perp traders and levered BTCTCs. Zero BTCTCs were liquidated or even at risk of liquidation in last week's leverage wipeouts"  
[X Link](https://x.com/btc_overflow/status/1979291859248726498) [@btc_overflow](/creator/x/btc_overflow) 2025-10-17T21:02Z 16.5K followers, XXX engagements


"@elonmusk "We will also be adding the ability for you to adjust your feed temporarily or permanently just by asking Grok." -- Looking forward to this"  
[X Link](https://x.com/btc_overflow/status/1979343382964269135) [@btc_overflow](/creator/x/btc_overflow) 2025-10-18T00:26Z 16.5K followers, XXX engagements


"Luxembourg like the coin. 🟠"  
[X Link](https://x.com/btc_overflow/status/1976397152177070210) [@btc_overflow](/creator/x/btc_overflow) 2025-10-09T21:19Z 16.5K followers, 3310 engagements


"Very interesting. Tight correlation between $MSTR and BTC/GOLD"  
[X Link](https://x.com/btc_overflow/status/1976428576326177020) [@btc_overflow](/creator/x/btc_overflow) 2025-10-09T23:24Z 16.5K followers, 3065 engagements


"@klaus_koo Indeed X years on since MSTR launched still there is no widely accepted framework by which BTCTCs are commonly valued. But market sentiment is always as if what is happening at the current moment will be what persists forever"  
[X Link](https://x.com/btc_overflow/status/1979278989643448382) [@btc_overflow](/creator/x/btc_overflow) 2025-10-17T20:10Z 16.5K followers, XXX engagements


"Coinbase says they're re-starting "Bitcoin loans" but read the fine print. Coinbase is just the middle man. They wrap bitcoin into cbBTC and deploy it into an Ethereum-based DeFi lending protocol called Morpho. I would not touch this product with a XX ft pole"  
[X Link](https://x.com/btc_overflow/status/1879904138420761084) [@btc_overflow](/creator/x/btc_overflow) 2025-01-16T14:50Z 16.5K followers, 229.6K engagements


"People still don't realize that @UTXOmgmt (expected to be acquired by $NAKA post-KDLY merger finalization) funded nearly all of the headline-making international Bitcoin Treasury Companies"  
[X Link](https://x.com/btc_overflow/status/1935490710062477585) [@btc_overflow](/creator/x/btc_overflow) 2025-06-19T00:11Z 16.5K followers, 47.2K engagements


"Tomorrow is the day. I will be presenting on H100 Group and our Bitcoin treasury strategy at OTC Markets Nordic Investor Day in NYC from 3:45-4:15pm (note the new time). Tickets are free on eventbrite"  
[X Link](https://x.com/btc_overflow/status/1975661443983810683) [@btc_overflow](/creator/x/btc_overflow) 2025-10-07T20:36Z 16.5K followers, 4044 engagements


"By popular demand H100 has published a Shareholder Letter and Public Roadmap outlining our strategic direction. We have been extremely busy behind the scenes and we're excited to share further details on our activity as H100 builds in public"  
[X Link](https://x.com/btc_overflow/status/1976631440512286970) [@btc_overflow](/creator/x/btc_overflow) 2025-10-10T12:50Z 16.5K followers, 3936 engagements


"H100 Update ($H100 $GS9 $HOGPF) Oct XX 2025. This week H100 published our Operation Svalbard roadmap. XX steps to strengthen H100 at the intersection of Bitcoin and longevity. Direct link: We have received many questions and here are a few FAQs: Q: Are the XX steps in chronological order A: There are some sequential interdependenciessome steps make other steps possible. But in general it is not chronological. We are working across multiple steps in parallel. Q: Has some of the work been done already A: Yes we are already in motion on various stages of planning and execution. Q: Do you plan to"  
[X Link](https://x.com/btc_overflow/status/1977011308907155537) [@btc_overflow](/creator/x/btc_overflow) 2025-10-11T14:00Z 16.5K followers, 2192 engagements


"This is one of the best advertisements for "bitcoin only" that you will ever see"  
[X Link](https://x.com/btc_overflow/status/1977106833769918486) [@btc_overflow](/creator/x/btc_overflow) 2025-10-11T20:19Z 16.5K followers, 6876 engagements


"H100 is transitioning to IFRS reporting. This is not just an accounting change it's a key technical step in unlocking other parts of our roadmap"  
[X Link](https://x.com/btc_overflow/status/1977706368556576852) [@btc_overflow](/creator/x/btc_overflow) 2025-10-13T12:01Z 16.5K followers, 4688 engagements


"Positioning XXX is that the category leader takes the lion's share of the market. A BTCTC needs to operate in capital raising niche(s) it can credibly be the largest in. Regional leadership is likely the most important as BTCTCs have natural advantages in their home markets"  
[X Link](https://x.com/btc_overflow/status/1978456528760738282) [@btc_overflow](/creator/x/btc_overflow) 2025-10-15T13:42Z 16.5K followers, 2257 engagements


"After declaring 5x-10x mNAV the new norm for BTCTCs in June many are now declaring 1x mNAV the new norm. In my view this way of thinking about mNAV is fundamentally wrong-headed. Historically mNAV is a volatile cyclical phenomenon. Not a steady-state value adhering to norms"  
[X Link](https://x.com/btc_overflow/status/1979245188674367964) [@btc_overflow](/creator/x/btc_overflow) 2025-10-17T17:56Z 16.5K followers, 25.5K engagements


"If the reason a BTCTC can't generate yield above 1x mNAV is because it only ever planned to ATM the stock 1x mNAV and nothing else ever then I would generally agree that this is unlikely to lead to a sustained high premium. But I think the picture is more multidimensional than that. It's seldom the case that the plan was to only ever ATM. Even some of the newer PIPEs that are barely unlocked and have essentially no operational history launched levered out of the gate with CBs. And even if a levered company currently trading at 1x mNAV fails to generate yield while trading at 1x mNAV it"  
[X Link](https://x.com/btc_overflow/status/1979277580701405390) [@btc_overflow](/creator/x/btc_overflow) 2025-10-17T20:05Z 16.5K followers, 3432 engagements


"@MikeFor44857211 Zero historical evidence for BTCTCs persistently trading at 1x mNAV. The longest running sample we have is MSTR which as stated displays volatile cyclical behavior. Not steady state behavior"  
[X Link](https://x.com/btc_overflow/status/1979523619731448200) [@btc_overflow](/creator/x/btc_overflow) 2025-10-18T12:23Z 16.5K followers, XXX engagements


"H100 Update ($H100 $GS9 $HOGPF) Sep XX 2025. As our Executive Chairman @Sanderandersenn commented its been a tough week for the @H100Group share price but its part of the reality of public markets and you cant always share whats in motion until its done. The strategies that took H100 Group from X to 1000 BTC were exactly what we needed for that phase. However as we look to the path toward 10000 BTC and beyond new strategies will be needed. Our next phase of development focuses on scale liquidity and institutional partnerships. At this stage we are hyper focused on developing strategies that"  
[X Link](https://x.com/btc_overflow/status/1971938509733663100) [@btc_overflow](/creator/x/btc_overflow) 2025-09-27T14:02Z 16.5K followers, 11.7K engagements


"H100 Update ($H100 $GS9 $HOGPF) Oct X 2025. Bitcoin Treasury Companies including H100 saw another challenging week but with the beginning of October and Q4 sentiment appears to be returning to the sector. H100 saw breakout trading volume on Thursday of 1.78M shares traded on NGM followed by a strong Friday with 1.22M shares traded. Friday night Bitcoin re-took $123K and approached all time highs. Executive Chairman @Sanderandersenn's end of week summary highlighted H100s culture of dealmaking and how were currently building the infrastructure to operate at scale. In media this week I caught"  
[X Link](https://x.com/btc_overflow/status/1974464754350432310) [@btc_overflow](/creator/x/btc_overflow) 2025-10-04T13:20Z 16.5K followers, 5566 engagements


"Multi-month high trading volume of 2538123 for H100 on NGM today. Nearly XXX% higher than the trailing XX day average"  
[X Link](https://x.com/btc_overflow/status/1978189639631434230) [@btc_overflow](/creator/x/btc_overflow) 2025-10-14T20:02Z 16.5K followers, 18.1K engagements


"Times like these are why it's important for Bitcoin Treasury Companies to be run by bitcoiners. Just as some market conditions are more favorable to operate in than others some market conditions are more challenging to operate in than others. This is true for any business. But how do management react when they meet the challenge Do they decide they weren't really that committed to bitcoin after all and give up the strategy Or do they keep communicating with the market and keep building the partnerships and infrastructure necessary to advance the business Are there un-aligned board members"  
[X Link](https://x.com/btc_overflow/status/1978204292696731907) [@btc_overflow](/creator/x/btc_overflow) 2025-10-14T21:00Z 16.5K followers, 7308 engagements


"The road to bitcoin adoption is a longer more circuitous route for some than others. I think it's important to welcome people into the fold. In general when someone comes over to your side after a contentious disagreement gracefully take the win and reaffirm their decision"  
[X Link](https://x.com/btc_overflow/status/1980076043055792372) [@btc_overflow](/creator/x/btc_overflow) 2025-10-20T00:58Z 16.5K followers, 1807 engagements