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[@ryQuant](/creator/twitter/ryQuant)
"@BitPaine optimal scenario: convince him to long $mstr STRK/STRF/STRD are the most compelling corporate activity in the US equity markets. (if not what is) @RealJimChanos"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1943108434125295824) 2025-07-10 00:42:06 UTC 8108 followers, 1829 engagements


"@plantsyMN @IIICapital @BlackRock True much of this is index related activity and ETFs that are index exposure. And there are many different indices out there There are also actively managed mutual funds like you say Either way it's asset's that other people own not on the balance sheet of $BLK"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1945908203340149114) 2025-07-17 18:07:23 UTC 8438 followers, XXX engagements


"At 5pm PST today (8pm EST) Ill be hosting a Space with some of the management team at @StriveFunds The objective is to learn more about the strategy and business model of Strive. cc: @ColeMacro & @PunterJeff"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948080001955643833) 2025-07-23 17:57:20 UTC 8498 followers, 11.7K engagements


"The bull case: STRK/STRF/STRD becomes a capital raising vehicle that exceeds the net income of the Mag7 companies first individually and then collectively. The bear case: STRK/STRF/STRD creates less than expected demand for a fixed income product that is better than US debt HY corpo bonds MBS money markets all real estate rentals etc All things considered especially the moat of 600k BTC & untouchable BTC $ Gain the range of outcomes for $MSTR is skewed massively to the upside"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1936863685139661124) 2025-06-22 19:07:42 UTC 8478 followers, 13.4K engagements


"@saylor @Strategy "You and I have a rendezvous with destiny." - President Ronald Reagan on $MSTR flipping BlackRock in market cap potentially soon"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1945618532735357419) 2025-07-16 22:56:20 UTC 8107 followers, 12.9K engagements


"@RealJimChanos (2/2) Further I would personally own in decent size $NAKA Puts if they had an options market today. I will not elaborate. $MSTR is the Berkshire of this space and nobody will be able to replicate the size and scale of addressing the FI market than @Strategy"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947378640913895835) 2025-07-21 19:30:23 UTC 8455 followers, XXX engagements


"@BitStrategy21 @LaDoger21 "hey mom look at what my internet friends made" it's kinda crazy how our generation went from having friends on the internet for counter strike runescape halo X etc now we have friends online for investing. #mobileWave"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1944955199359213874) 2025-07-15 03:00:29 UTC 8421 followers, 7575 engagements


"$MSTR is a Zero to One story. The rest of the BTCTC industry is a 1-n story"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1945972100025688114) 2025-07-17 22:21:17 UTC 8402 followers, 18.3K engagements


"@JoshMandell6 @hillery_dan @romanrytov @PunterJeff @Z06Z07 For expectations this is a X Delta call. Meaning there is a X% probability that this thing finishes in the money. I think that is mispriced too low but still the point is this should be interpreted as a low probability event"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948454641840390180) 2025-07-24 18:46:01 UTC 8498 followers, 2941 engagements


"Have @dotkrueger unblock me so that I can more easily join his Spaces request to speak and then indirectly guide every conversation towards $MSTR and their perpetual preferred fixed income securities in addition to Q2 consensus earnings"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947566038062940601) 2025-07-22 07:55:02 UTC 8494 followers, 5404 engagements


"Also worth noting that my projected 2025 BTC $ Gain (earnings) is up by about X billions dollars from 16bn to 20bn since liberation day (April 2nd) til today"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947512825263624591) 2025-07-22 04:23:35 UTC 8438 followers, XXX engagements


"@thepowerfulHRV @Jason $MSTR Debt load and massive debt Are key signs that people have no idea what they are talking about. In relative terms MSTR has less debt as a % of MC than many 50-200bn companies. In absolute terms ITS ALL FUTURE EQUITY. All of it including pref. dividends"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1944769861298843765) 2025-07-14 14:44:01 UTC 8497 followers, 5806 engagements


"@amitisinvesting I hope $MSTR reverse splits the stock. Make the units more scarce. Passive indexes central banks hedge funds HMWI etc may (will) buy them at any unit price hardcore retail may buy fractional shares"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1945995109453136007) 2025-07-17 23:52:43 UTC 8497 followers, 4489 engagements


""We are building out the yield curve." -Saylor $MSTR That's the big idea"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947763846275350844) 2025-07-22 21:01:03 UTC 8499 followers, 13.9K engagements


"@hillery_dan @JoshMandell6 I am now the proud owner of $VIX XX Strike Calls for November of this year. I like the setup here for an offensive hedge. Risk assets at all time highs and vol has been compressed for months now. The XX strike has the highest payout for a VIX at 30"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948425088271065322) 2025-07-24 16:48:35 UTC 8499 followers, 1355 engagements


"$MSTR has and will continue to be front running all of the companies on planet Earth in an *irreversible* way. The only focus should be: More. Yes hit the Class A ATM at 1.8x mNAV while ramping STRK/STRF/STRD/STRC/and the rest of the bitcoin yield curve"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948124754726293911) 2025-07-23 20:55:10 UTC 8498 followers, 12.3K engagements


"@RealJimChanos Can we agree that $PLTR at 650x PE is a more grotesque valuation story than $MSTR at 2x mNAV. I get it those are two different metrics. But one is undeniably more extreme than the other"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1946387474965782772) 2025-07-19 01:51:50 UTC 8359 followers, 1644 engagements


"@bleighky Great context Yah real competition risk from many companies. Waymo (Google) Mobileye BYD etc these folks are on offense always"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1945180141836959955) 2025-07-15 17:54:20 UTC 8443 followers, XXX engagements


""You want to be the fire and wish for wind." Not a singular person on this site in mid July last year was talking about the "Yen Carry Trade" blowing up but on August 4th I think it was a Sunday I'm at dinner and BTC is 58k by the time dinner is over BTC is 49k and the VIX gapped from XX to XX over a Thursday-Monday period. And then suddenly everyone starts talking about the Yen Carry Trade as if they were experts the entire time. Imagine being able to close that VIX position on that Monday open and plow all of the proceeds into $MSTR which wicked down to $XXX or $MTPLF or even just $BTC"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948427939147927573) 2025-07-24 16:59:55 UTC 8499 followers, 1874 engagements


"@MitchellHODL @saylor @MicroStrategy Is your brain fully developed yet Of course you dont have the capacity to respond on topic"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1946256034403909917) 2025-07-18 17:09:32 UTC 8237 followers, XXX engagements


"@theRealJzed @RealJimChanos Yes especially because revenue and earnings tend to be correlated"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1946407611064373629) 2025-07-19 03:11:51 UTC 8485 followers, XXX engagements


"Hi Friends Ive been thinking through business opportunities and I'm now open to taking on a few clients (companies hedge funds family offices individuals) who are pursuing a BTC and/or MSTR Treasury Strategy and are looking for financial consulting. There is a broad range of opportunistic & creative paths to value creation within the universe of BTC MSTR STRK STRF Selling MSTR CCs and CSPs Long Calls on MSTR as well as seeking anti-correlation by catalyst driven VIX exposure or Long Puts on MSTR BTCTCs IBIT Miners etc. Feel free to DM me with questions and comments. 🫡"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947340647427674396) 2025-07-21 16:59:24 UTC 8499 followers, 15.6K engagements


"@LurkerFinance @comic @JoshMandell6 @hillery_dan @romanrytov @PunterJeff @Z06Z07 Not in the traditional sense no. In the literal sense yes it will as per FASB Fair Value accounting. $XX EPS incoming in a week"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948471823537991900) 2025-07-24 19:54:18 UTC 8498 followers, XX engagements


"I wouldnt read too deeply into it. The explosion up in $MTPLF price forced me to re-think things. Upon rethinking and evaluating the extent to which base effect math can be positively manipulated in order to show staggering BTC Yield I think there is a limit to the response function of the investor class to that. And I fully think $MSTR deserves the highest mNAV of all of them because they (and the prefs) are the most credit worthy and the only monopoly with uncatchable size and scale. cc: @BitStrategy21"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1946779203095158857) 2025-07-20 03:48:26 UTC 8107 followers, 23.4K engagements


"🐻 $TSLA heres the reality that is not being discussed enough: The Robotaxi event in Austin last month was a disaster from an expectations perspective. (cue the 2015 tape of Elon saying by next year you can drive from LA to NYC with no interventions.) Fast forward a decade to the present day and only positive titled social media influencers (cringe) can participate in this event with a car that has a steering wheel (important context for those whove followed the company for a while) and a Tesla employee in the main passenger seat with hand gripped on some sort of programmable switch. I am by"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1945043633042018750) 2025-07-15 08:51:53 UTC 8116 followers, 6310 engagements


"@JaredDHardin I just havent taken the time to do so. In which aspect of life is it rational to call people dumb without (admittedly) taking the time to do the work"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947592947274551785) 2025-07-22 09:41:57 UTC 8434 followers, 1022 engagements


"@1MarkMoss -Satoshis 1M BTC -Probably 2-3M BTC lost -MSTR accumulates 2-3M BTC My guess is that the float is only 16M BTC"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948089837430755450) 2025-07-23 18:36:25 UTC 8493 followers, 1755 engagements


"@dotkrueger One thing is for sure. Satoshi would not be sitting on Twitter all day tweeting about themselves nonstop discussing how many followers they have never showing that they care about anyone other than themselves nor would he release a scam called $STUPID coin"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1945492774658461887) 2025-07-16 14:36:37 UTC 8373 followers, 7802 engagements


"Lot of moving pieces here. What catalyst causes the sentiment to come back into $MTPLF The days of 5-7x mNAV for $MTPLF might be over considering more and more and more companies especially from Japan are going to do this. I think the Twitter sentiment has yet to capitulate. I think $XXXX (the devils bottom like SPX $XXX bottom price in March 2009) is on the table. The market cap is already getting too big to continually benefit from manipulating base effect math"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1946585452917731731) 2025-07-19 14:58:32 UTC 8109 followers, 6050 engagements


"@cadeskywalker @hillery_dan @JoshMandell6 Very bullish through 2026 as of now But also a vol data nerd and interested in seasonality Saving some dry powder here"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1946292027328778476) 2025-07-18 19:32:34 UTC 8500 followers, XXX engagements


"@hillery_dan @JoshMandell6 Heres my take: $MSTR should pull every lever possible as opportunistically and aggressively as they possibly can at all times in order to buy more bitcoin and buy *time* for more adoption Bitcoin and the growing list of preferred fixed income securities"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948122894934093947) 2025-07-23 20:47:47 UTC 8498 followers, 20.5K engagements


"Climb is wrong about several things specifically regarding the comparison between $MSTR and $MTPLF. I take it that since hes stopped DMing back that he has no interest in defending his thoughts in a live setting. Climb can be very misleading when talking about how premiums can and will exist given a difference in Yield only because size (BTC $ Gain) shockingly never enters the conversation. I wonder why Climb is great at making aesthetic charts that go up and to the right but he never explains how and why these exponentials can and will continue. (Because they cannot go on like that and a"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1944767053908635803) 2025-07-14 14:32:52 UTC 8457 followers, 59.4K engagements


"@_ChaitanyaJ wen quintuple torque strategy slide $mstr"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947395088407269653) 2025-07-21 20:35:44 UTC 8409 followers, XXX engagements


"@A5T3R0lD $MSTR cannot retire on X million $BTC"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947540518822679015) 2025-07-22 06:13:37 UTC 8417 followers, XXX engagements


"@hillery_dan $MSTR stands to benefit more than $IBIT if/wen (inevitably its wen in a 2026 post Powell pro Trump Fed Chair) rates go lower. Also potential $MSTR SPX inclusion does not benefit $IBIT at all. TYFYATTM. 🫡"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947910865711468970) 2025-07-23 06:45:15 UTC 8464 followers, 1094 engagements


"@RealJimChanos (1/2) All of the above is fair Im personally not bullish on most of the BTCTCs. $CEPO has no bull case to me as they are in the awkward middle ground between benefitting from base effect math & institutional grade BTC operating company with a track record"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947378087399956915) 2025-07-21 19:28:11 UTC 8496 followers, 2482 engagements


"@MitchellHODL @saylor @MicroStrategy So do you still care about the proof of reserves issue The answer will SHOCK you. (No you never did you were just talking about what everyone else was talking about because other people were talking about it.)"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1946249330509430909) 2025-07-18 16:42:54 UTC 8460 followers, 3282 engagements


"@ColeMacro @MSTRTrueNorth Precisely And if people actually wanted to have the leverage convo then they wouldnt be going on CNBC saying why they own $F and $GM which both have a debt position that is a multiple of their market cap $MSTR doesnt have leverage it has future equity obligations"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948433341608534325) 2025-07-24 17:21:23 UTC 8496 followers, 1886 engagements


"$MSTR Net Growth Rate = XX% This is a rough framework for how I value @Strategy's net growth rate. I plan on further developing this overtime. I add our BTC price CAGR projection to MSTR's *YoY BTC per share CAGR *intentionally starting with 70k BTC instead of 20k. Then I subtract out the dividend payments and subtract from that the M2-adjusted decay of the dividends. (which are almost certainly going to be paid for with $MSTR class A_ATM) This bring us to the XX% net growth rate number. A company growing at XX% can conservatively trade at a 30x PE ratio which brings me to my own subjective"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947512822104998034) 2025-07-22 04:23:34 UTC 8500 followers, 16.6K engagements


"This is a great perspective of an active trader. Love the perpetual CC optionality from this lens. 🫡 However comma The long term $MSTR value creation story is there. The Moat of scale and size suggests that they will have the highest credit rating and hence capture the most value in the market for bitcoin securities where they are offering superior products to market TAMs measured in hundreds of Trillions and because of all this $MSTR should trade at the highest mNAV of all of the BTCTCs. BPS is as real as the day is long. With respect always. -RQ"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948092159326028223) 2025-07-23 18:45:39 UTC 8498 followers, 12.5K engagements


"$MSTR I am peeking at 1_August_2025 Calls at the XXX Strike. I almost never dabble in near dated contracts. If MSTR reaches $XXX coming out of earnings then these puppies move up by X orders of magnitude. cc: @JoshMandell6 @hillery_dan @romanrytov @PunterJeff @Z06Z07"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948453201986158648) 2025-07-24 18:40:18 UTC 8498 followers, 20.1K engagements


"That's all fair I'm happy to be wrong and I do have respect for @ActuallyClimber I just simply disagree with a few assumptions or perspectives: -the absence of BTC $ Gain (size) -singular focus on BTC Yield (speed) -S=BPM using mNAV to solve for price -or using it as a future facing metric -markets price things in 6mo. in advance -exponential past is great how does it continue"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1944957527692861635) 2025-07-15 03:09:44 UTC 8108 followers, 9610 engagements


"Every bitcoin treasury company has infinite bitcoin yield because they all started with X bitcoin at first. That is factually correct yet meaningless. All of the obscene BTC Yield numbers from SWC/BG/MP are already priced in. The easy money has already been made"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1944779821999079603) 2025-07-14 15:23:36 UTC 8497 followers, 6881 engagements


"At Rutgers one of the rare classes that every undergrad student has to take regardless of major is Expository Writing. The non-writing types hate this class. In this class we would take two Malcolm Gladwell style pieces of literature and then write a paper to make some type of compelling argument that connects the two articles or short books. The "Expos" style paper that is worth writing now is to examine Christopher Cole's thought leadership and overlay it onto $MSTR as (1) both a Long and Short Volatility instrument as (2) part of the XXX Year "Dragon" Portfolio and (3) @Strategy's business"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947374713787060606) 2025-07-21 19:14:46 UTC 8497 followers, 9064 engagements


"$MSTR is not competing against BTCTCs. Rather the exact opposite is true. Other BTCTCs are in a position where they have to try and express how they offer an advantage over MSTR. $MSTR is competing with the Mag7 aka the tech monopolies. TYFYATTM 🫡"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948409152495296529) 2025-07-24 15:45:16 UTC 8499 followers, 9293 engagements


"From a seasonality only perspective we are right in the sweet spot for a top in risk assets and a bottom in the $VIX. I made the chart below X years ago and it's a lookback of the average VIX close each day of the past XX years with all necessary time adjustments made (accounting for weekends and holidays.) When looking at the year March and April especially on Wall Street brings the end of the cold winter and a warm/fun spring which I think at the human condition/psychology level creates conditions for optimism in markets. And this warm weather optimism tends to be fully "priced in" by the"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1946286459557920973) 2025-07-18 19:10:26 UTC 8499 followers, 8471 engagements


"@CitadelKnight What is the limit for global premium fixed income instruments And keep in mind @Strategys ability to increase the size of their purchase as price goes up. cc: @PunterJeff & @BitStrategy21"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1946701673646494202) 2025-07-19 22:40:21 UTC 8436 followers, 1196 engagements


"@thepowerfulHRV $SMLR = deep value company of the industry"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1944806614760087940) 2025-07-14 17:10:04 UTC 8404 followers, 2147 engagements


"@smooth_btc @RealJimChanos $MSTR hits X years in less than X weeks. The longest most battle tested track record there is for a Bitcoin Treasury Company. The track record that wrote the playbook for others to follow"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947379286446641285) 2025-07-21 19:32:57 UTC 8118 followers, XXX engagements


"In regards to understanding $MSTR vs $IBIT and the competitive dynamics of the BTCTC industry one thing to me is abundantly certain: Plato Einstein Although the quant component is necessary for measuring the quality of ones *theory* is what wins. Time will tell"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1946798853229031931) 2025-07-20 05:06:31 UTC 8393 followers, 3901 engagements


"Feeling very comfortable with this broader "Long Gamma" positioning right now. I am "Long Change" by both: Owning a ton of $MSTR at what could be BTC's next leg higher with massively wrong consensus earnings expectations with the Prefs ramping and potential $SPX inclusion. While holding $VIX contracts that are designed to gain from uncertainty chaos fear etc at a point in time where everything is priced for perfection & stability (provably so with the compression in Variance in the SPX & VIX) which happens to overlay perfectly with $VIX seasonality"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948469345300218098) 2025-07-24 19:44:27 UTC 8499 followers, 2369 engagements


"@ElliotGaray @saylor $MSTR I think thats part of it and the leverage can be thought of as the size of the prefs and their hopeful expansion over the next 18-24 months BTC Vol picking up + $SPX inclusion could lead to more outperformance and increased IV"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947903238969430308) 2025-07-23 06:14:57 UTC 8415 followers, XXX engagements


"@RealJimChanos Was Berkshire affected by similar hedge funds or businesses $CEPO following the same model as $MSTR supports my idea that the field of BTCTCs can only benefit $MSTR not hurt them. If one or several even $CEPO go under I don't think it harms $MSTR long term"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947352629111029870) 2025-07-21 17:47:01 UTC 8410 followers, 1263 engagements


"@Strategy If anyone wants to download a copy of this data table and build on it or insert your own assumptions here is the Google Sheet link:"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947513353863319671) 2025-07-22 04:25:41 UTC 8438 followers, 2114 engagements


"@HermesLux Low & compressed IV Potential SPX inclusion Rates moving lower next XX months Feels like picking up Pennys in front of the the steamroller to sell the routine 30-40DTE Ten Deltaz here. (unless folks are down to roll out or up & out)"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1945876608986017992) 2025-07-17 16:01:50 UTC 8136 followers, 2703 engagements


"The next step is to get away from percentages at the top and do real values to get more accurate. I especially need to assign a size component to the pref's dividends. Plus the more effective way of measuring the dividends is in USD not % as the USD is fixed"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947512826748408294) 2025-07-22 04:23:35 UTC 8437 followers, XXX engagements


"$TSLA "This marks the largest YoY drop in sales in the company's history." Look I know I'm just a guy on the internet. However comma perhaps crushing your existing customer base (the political left) and then (the political right) was a horrendous business decision"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948462012482420871) 2025-07-24 19:15:19 UTC 8499 followers, 4595 engagements


"@GuyAdami My GUY 🫡 Always appreciate your open minded view on the coin"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1945535290975949080) 2025-07-16 17:25:34 UTC 8443 followers, XXX engagements


"@samcallah Perpetual Moral Hazard "Why not just intervene we have intervened in the past (intervene = QE ZIRP YCC)"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947327540663906605) 2025-07-21 16:07:19 UTC 8413 followers, 1964 engagements


"$MSTR The solutions to proof of reserves and security concerns are some of the worst ideas Ive ever heard. You guys on Twitter have all these criticisms to make and then offer the worst solutions. They should use anchorwatch. (a startup that is 100x smaller than MSTR.) They should make an in house custody solution. What exactly does that look like Jack Mallers did this who cares"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1948067032190349718) 2025-07-23 17:05:48 UTC 8499 followers, 1751 engagements


"Im really looking forward to discussing the growth of bitcoin treasury companies at @dotkruegers second annual Bitcoin Alpha event later this year. $MSTR"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1945526359889252461) 2025-07-16 16:50:04 UTC 8439 followers, 9168 engagements


"My routines of the past few weeks: (Smol sample size but good results) Food: -steak and eggs (grass fed wagyu beef) -bacon cheese bread for burgers -thats it Liquid: -lots of water -X to X cups of coffee -no booze Fitness: -morning run with friend and his dog -gym (nothing crazy just consistent) Days: -work the phones/zooms/slacks/email -focus on running my own money Night: -research collabs -some programming quant/stat work -doing the things i said i would do on calls that day Sleep: -X to X all nighters per week -to lock the fuck in without distractions -great sleep on the day after all"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1940321326386094335) 2025-07-02 08:07:08 UTC 8496 followers, 20.3K engagements


""Will @Strategy's STRK/STRF/STRD ever have an options market" "Options on prefs are rare but not impossible." Hopefully the big liquidity will be reason to grant an options market on the prefs. It would be great to sell XX Delta opportunistic CCs on STRK/STRF"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1945940274859155863) 2025-07-17 20:14:50 UTC 8499 followers, 23K engagements


"@Dmitriisms @ActuallyClimber Many folks think that BlackRock Vanguard State Street Schwab etc actually own these positions themselves when they are really more like custodians for ETFs Mutual Funds Retail etc Even Bobby Kennedy was promoting this inaccurate idea"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1945877355324710958) 2025-07-17 16:04:48 UTC 8105 followers, XXX engagements


"4 eggs X ounces of wagyu beef (* 2) X bacon 👀 @JoshMandell6 This or something similar 1x a day and Im never hungry in between. Also doing 40-50 hour fasts from time to time which interestingly makes me crave the hunger feeling and not want to break the fast"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947539311253196871) 2025-07-22 06:08:49 UTC 8416 followers, 1982 engagements


"@JackC56170306 @RealJimChanos @Strategy @saylor I bet you are fun at dinner parties @Strategy's "products" are MSTR/STRK/STRF/STRD in addition to software products such as MicroStrategy One"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1945929863837389042) 2025-07-17 19:33:27 UTC 8108 followers, XXX engagements


"@RealJimChanos If you are owning $MSTR as permanent capital then the $CEPO outcome does not matter. TYFYATTM. 🫡"  
![@ryQuant Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1873600391562108928.png) [@ryQuant](/creator/x/ryQuant) on [X](/post/tweet/1947343678760210858) 2025-07-21 17:11:27 UTC 8411 followers, 2969 engagements