[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.] [@Adrian_R_Morris](/creator/twitter/Adrian_R_Morris) "$BTC $MSTR: mNAV isn't "alchemy" it is sentiment. mNAV is simultaneously a realtime snapshot of market psychology and forward looking. BTC has been telegraphing the shifting market sentiment on fiat currency. Then @saylor @Strategy identified this opportunity in equities. This really isn't complicated"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946181005423128906) 2025-07-18 12:11:24 UTC 27.7K followers, 9560 engagements "True North NOW Episode X - The Blockchain Group"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1943324145766510873) 2025-07-10 14:59:16 UTC 27.7K followers, 45.6K engagements "@michaelwnslow @BitcoinVeterans You telling me this is laughable on so many levels. There is rhetoric then there's the code structure function and means of operation. A Stablecoin is not a CBDC it just isn't. Take care"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946339302247698783) 2025-07-18 22:40:25 UTC 27.6K followers, XX engagements "$KULR @KULRTech: KULR has crossed the 1000 $BTC mark with their latest XX $BTC purchase. I do wonder if this qualifies them for immediate inclusion in $OWNB to open them to more passive flows or if there is some other approval process"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1943288396664750313) 2025-07-10 12:37:12 UTC 27.7K followers, 5762 engagements "$MTPLF: I wonder if when @gerovich ends up on the cover of Forbes because of @Metaplanet_JP. Not as crazy as you might think. Bitcoin helps you do things"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945970564415586727) 2025-07-17 22:15:11 UTC 27.7K followers, 10.5K engagements "$MSTR $STRD $STRF $STRK: Just love seeing the Strategy Economy in green"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945582729929838720) 2025-07-16 20:34:04 UTC 27.7K followers, 6252 engagements "Problem 1: $ETH isn't an "alt" anymore (as much as I really hate to admit it) Problem 2: The $BTC $ETH ETFs are a major part of this equation. Problem 3: Thats an entirely different investor base they aren't "rotating". Problem 4: Even if when the small handful of the 100's of thousands of altcoins meme coins run that isn't an altseason. In 2017 2021 I could close my eyes and chuck a dart at a list of coins and get at least a 3x. Which leads to - Problem 5: This isn't a near zero interest rate QE stimulus environment. Market Liquidity seeks what are viewed as strong investments stimulus (free"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946318287505351121) 2025-07-18 21:16:55 UTC 27.7K followers, 8460 engagements "$CINGF @CoinsiliumGroup: Up almost 2x since this tweet"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1935367945703800924) 2025-06-18 16:04:10 UTC 27.6K followers, 7139 engagements "@Btc_GodCandle @1914ad This is called compliance they have to be able to comply with Law Enforcement"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946551903535665260) 2025-07-19 12:45:13 UTC 27.7K followers, XXX engagements "@grok Those are the ones I had considered however hashrate while useful is more of a measure of network growth which is indirectly tied to adoption/sentiment. Active addresses much the same are hard to use as a guage since individual users can have dozens of addresses. For example I have almost XX active addresses myself. Finally MVRV is heavily sentiment driven since MCap/Realized cap will ebb and flow with supply/demand that both have a heavily sentiment driven reflexive dynamic. Long story short most of these metrics (if not all) come down to re time vs. lagging sentiment indicators"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945855156773679315) 2025-07-17 14:36:36 UTC 27.6K followers, XXX engagements "$MTPLF @Metaplanet_JP: $208M (30B) was issued to buy more $BTC. That should be 1900 $BTC at current prices"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1939517182846894378) 2025-06-30 02:51:45 UTC 27.7K followers, 10K engagements "@SamRuss60265097 @ryQuant mNAV is a direct reflection of market sentiment so yes. The multiple is the multiple and it's set by the market"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946949235712389611) 2025-07-20 15:04:05 UTC 27.7K followers, XX engagements "$SMLR: True North NOW Episode X - Semler Scientific will be live streaming on X at 9AM PST tomorrow morning"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1939548037338296369) 2025-06-30 04:54:21 UTC 27.6K followers, 9307 engagements "It's crazy as long as I've been in $BTC the more things change the more they same the same (or revert to the mean). No this is not me promoting $ETH $XRP"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945460462046617982) 2025-07-16 12:28:13 UTC 27.6K followers, 4111 engagements "This is what you are saying in effect: ".You are arguing what a car is. I'm focused on what it does. A train also transports people on a fixed path so therefore a train is car like in function." Yea. Your argument is rather nonsensical because you are changing the definitions. If we defined what would be "CBDC like" using your arbitrary criteria meaning the potential to programmably freeze and or surveil money to enforce laws - then every major bank account in the U.S. is also "CBDC like". That isn't really a useful or accurate statement"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946440506747375934) 2025-07-19 05:22:34 UTC 27.6K followers, XX engagements "$BTC $MSTR $STRK $STRF $STRD: Perfect breakdown of Bitcoin Credit Theory by @_ChaitanyaJ"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1944727715514626377) 2025-07-14 11:56:33 UTC 27.6K followers, 2821 engagements "@DigitalXLtd @saylor @MicroStrategy Can I set up some time to talk with your team about your Bitcoin Treasury Strategy"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945450856239034374) 2025-07-16 11:50:03 UTC 27.6K followers, XXX engagements "@stevenjtoro @saylor @BenWerkman @JoshMandell6 @grok Bro just go with it. Too many questions will disrupt the timeline"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1944130857574576396) 2025-07-12 20:24:51 UTC 27.7K followers, XXX engagements "$BTC $SWC $TSWCF: OK True North NOW Episode X - The Smarter Web Company is now up on YouTube. Link:"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945985455796945154) 2025-07-17 23:14:21 UTC 27.7K followers, 5331 engagements "First it's Metcalfe second a user base model is kinda shaky for $BTC as there is no clean way to decipher the exact # of users. Second $BTC is finite and ever more so liquidity impacts on this model decrease over time IMO especially when the model is buy hold and soon leverage"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1944038879763607644) 2025-07-12 14:19:22 UTC 27.7K followers, XXX engagements "$SMLR: @SemlerSci now sitting on 4846 $BTC & closing in on the 5000 $BTC milestone"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945860548022976743) 2025-07-17 14:58:01 UTC 27.7K followers, 10.5K engagements "$SMLR: I want a run to $XX before the month is out"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1940450476862140888) 2025-07-02 16:40:20 UTC 27.6K followers, 13.9K engagements "I need someone to check the math on this. Because damn"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946542065497907327) 2025-07-19 12:06:08 UTC 27.7K followers, 8778 engagements "$NVDA $PLTR $TSLA: Besides $BTC $MSTR and a handful of the other Treasury Company's I am hyper-bullish on A.I. and of course Robotics. IMO these X companies will be neck deep in that adoption curve"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945896180153741337) 2025-07-17 17:19:37 UTC 27.7K followers, 3024 engagements "@DB9764 @1914ad @Btc_GodCandle Doing what I can where I can. 🤝🏽"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946603387765891373) 2025-07-19 16:09:48 UTC 27.7K followers, XX engagements "$MSTR: This is what a moat looks like. Right now it's the mNAV that leads to NAV growth but in the future it'll be the @Strategy NAV that justifies mNAV growth"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1944381404906754413) 2025-07-13 13:00:26 UTC 27.7K followers, 9368 engagements "I will be going live with @Sanderandersenn at 9:00 AM PST for True North NOW Episode X this Thursday. Until then check out the conversation he had with @TimKotzman re: @H100Group and their $BTC Treasury Strategy"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945270319415005334) 2025-07-15 23:52:40 UTC 27.7K followers, 5925 engagements "I really think can evolve into an unimpeachable & singular repository for not only $BTC price analytics data but also data for $MSTR $STRK $STRF $STRD. @saylor shared the playbook it only makes sense to be the ultimate source of truth as well"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1944136849892815115) 2025-07-12 20:48:39 UTC 27.7K followers, 8743 engagements "@ShamsCharania @PrioritySports So many "stars" have ended up on the Clippers and for what They aren't winning anything"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945545237667221754) 2025-07-16 18:05:05 UTC 27.6K followers, 5527 engagements "The Total MCap of the crypto market hitiing $4T is wild. I know Fink is grinning ear to ear because of the $BTC $ETH ETFs"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946158960089915808) 2025-07-18 10:43:48 UTC 27.7K followers, 3197 engagements "@deyonte_btc @1914ad Can't keep moving the goalpost. The US Government can have your funds frozen at any moment right now. Your money can be surveilled right now. Being backed by USTs doesn't have any bearing on it being a CBDC to any extent"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946423341826650444) 2025-07-19 04:14:22 UTC 27.7K followers, XX engagements "$BTC $ALTBG @_ALTBG - True North NOW Episode X - The Blockchain Group has been uploaded on YouTube. This was a great convo with @AlexandreLaizet Link:"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945119602075181082) 2025-07-15 13:53:46 UTC 27.7K followers, 6919 engagements "@michaelwnslow @BitcoinVeterans There is a functional and operational difference"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946330893641257343) 2025-07-18 22:07:00 UTC 27.7K followers, XX engagements "When Bitcoin hits $250000 - Expect that you will gain friends. Then when Bitcoin hits $1000000 - Expect that you may lose family. Holding can be a lonely endeavor plan for all outcomes"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946341402931237261) 2025-07-18 22:48:46 UTC 27.7K followers, 10K engagements "$BTC $DDC @ddcbtc_ Happy to be one of the first members of the Bitcoin Influence Collective at @ddcbtc_"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1944736460730712078) 2025-07-14 12:31:18 UTC 27.7K followers, 12K engagements "I have received some rather salty DMs about my @scottmelker vid post re: altseason. Tons of $XRP shills in there & memecoin lovers. Here's the other piece of this puzzle many are missing I think it's going unappreciated that this is the first Bitcoin cycle where we haven't had depressed interest rates & QE Stimulus. The "boom & bust" cycles we've seen in this space before were pure speculation fueled by cheap money money printing. That is not what we are seeing here this is an institutional pivot into Bitcoin. This "cycle" is being fueled by a growing reallocation of capital into a digital"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1941454805798629580) 2025-07-05 11:11:10 UTC 27.6K followers, 42.4K engagements "Hey @Micro2Macr0 this is the Livestream. Second one that I've done with @asjwebley"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945444457635254640) 2025-07-16 11:24:37 UTC 27.6K followers, 1429 engagements "@1914ad Ok to be fair CBDC's are **far more** intrusive & have far more potential use for broad surveillance than Stablecoins. Orders of magnitude more. This isn't that"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946409687219569085) 2025-07-19 03:20:06 UTC 27.7K followers, 12.3K engagements "The $444K $BTC timeline is merging into coherence with ours. I will tweet out screenshots of every price level until we hit the holy number. 😏"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1944120544494072113) 2025-07-12 19:43:52 UTC 27.7K followers, 8817 engagements "@Roubini18 That means supply can will increase "alt" to me isn't based on supply it's based on market perception. $ETH has cleared that altcoin hurdle based on BlackRock & Fidelity involvement. I do not like it but it is what it is"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946321240777724336) 2025-07-18 21:28:39 UTC 27.6K followers, XX engagements "By that logic every bank operates CBDC's right now. But again a CBDC requires far more than regulatory compliance and the potential for control. Furthermore them being backed by USTs doesn't make it centralized nor a centralized bank. That's The Fed. This isn't outsourcing of CBDC's either because again that requires broad infrastructure and information technology integration that we just don't have. Everyone needs to relax"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946602973582463051) 2025-07-19 16:08:09 UTC 27.7K followers, XXX engagements "The "Genius Act" is about Stablecoins. It's not creating a CBDC nor is it a CBDC backdoor. TL:DR - This is about fully compliant Stablecoins and expanding the dollars footprint and reach"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946739590498529667) 2025-07-20 01:11:01 UTC 27.7K followers, 3752 engagements "Hey @grok why do so many traditional finance investors and commentators have such a hard time accepting that mNAV is a reflection of market sentiment rather than a sign of equity overvaluation"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946216472977830380) 2025-07-18 14:32:20 UTC 27.7K followers, 1376 engagements "$SWC $TSWCF: @smarterwebuk purchased XXX Bitcoin they now hold 1600 Bitcoin in total. Closing in on the 2000 Bitcoin milestone. They're doing OK but let's not get too excited 😏"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945412216167256268) 2025-07-16 09:16:31 UTC 27.6K followers, 21.1K engagements "$MSTR $STRD - $4.2B $STRD ATM Equity Offering Program has launched"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1942201453017469063) 2025-07-07 12:38:05 UTC 27.6K followers, 44.1K engagements "How long until $SQNS owns more $BTC than $GME They are already over the 1000 $BTC mark at 1053 that means $OWNB inclusion could be on deck with the next rebalancing"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1944723380940448215) 2025-07-14 11:39:19 UTC 27.6K followers, 4835 engagements "$SMLR: I said what I said I want a run to $50"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1943366232495001737) 2025-07-10 17:46:30 UTC 27.6K followers, 7420 engagements "@ddcnorma Need to get you on @MSTRTrueNorth soon to discuss all this"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946582362835583387) 2025-07-19 14:46:15 UTC 27.7K followers, XXX engagements "@grok I cannot say that I have a definite threshold for "overvalued" with $MSTR because I view it as a long term holder and as complimentary investment along with my $BTC holdings let me explain. Following along with my comments on mNAV or the multiple being a reflection of sentiment that means every metric such as Bitcoin Per Share or Bitcoin Yield is (matter of factly) a function of sentiment as mNAV is what fuels accretive dilution via ATM Equity Offerings which funds the Bitcoin purchases and thus fuels those KPI's. Therefore I view them as dependent variables. In my view the "alpha" is"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945645355338711418) 2025-07-17 00:42:55 UTC 27.6K followers, XXX engagements "True North NOW Episode X - Semler Scientific"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1939731849452171295) 2025-06-30 17:04:46 UTC 27.6K followers, 9387 engagements "It depends on your view on what the correct calculation on NAV mNAV is. In my view: X - Net Asset Value (NAV) = (Bitcoin Holdings * Bitcoin Price + Other Assets) - Total Liabilities X - NAV Multiple (mNAV) = Market Cap / NAV X - Absolute NAV Premium (in Dollars) = Market Cap - NAV X - NAV Premium (in percentage) = ((Market Cap - NAV) / NAV) * XXX% All other methods are incorrect IMO"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1944806793177452640) 2025-07-14 17:10:46 UTC 27.6K followers, XXX engagements "@BleacherReport @shams So many "stars" have ended up on the Clippers and for what They aren't winning anything"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945539433966764451) 2025-07-16 17:42:02 UTC 27.6K followers, 8516 engagements "@1914ad But it really isn't. There is rhetoric then there's the actual code structure function and means of operation. A Stablecoin and this proposed Stablecoin expansion is (as of now) not a CBDC"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946412640466870700) 2025-07-19 03:31:50 UTC 27.7K followers, 2582 engagements "$SMLR: Semler Scientific getting some much deserved analyst attention. Link:"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1942914574107508760) 2025-07-09 11:51:46 UTC 27.7K followers, 8985 engagements "Nevermind the US Government didn't sell the Bitcoin and do in fact hold about 200K $BTC - But @L0laL33tz already got paid by @DavidFBailey for the original find. Refund"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945578550255645064) 2025-07-16 20:17:28 UTC 27.6K followers, 13.4K engagements "@SagittariusN2U I got into so many arguments over the years with many people that think this is real. 😂 They are remembering @SHAQ as the Genie Kazaam not Sinbad as Shazaam"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946583875838496802) 2025-07-19 14:52:16 UTC 27.7K followers, 55.6K engagements "$SMLR: Semler Scientific acquired XXX $BTC & their holdings now sit at 4636 $BTC. Getting closer to the 5000 mark. Link:"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1942200658247172547) 2025-07-07 12:34:55 UTC 27.6K followers, 10.3K engagements "$KULR @KULRTech: After some Google Gemini research the answer to my question is no there is no "approval process" for $KULR to be included in the $OWNB ETF. The ETF is passively managed tracks to the Bitwise Bitcoin Standard Corporations Index & rebalances quarterly; at which point eligible companies are automatically added. So I assume they could be considered for addition during the next rebalance. @dgt10011 am I off base on any of this (If you can say)"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1943292373246841037) 2025-07-10 12:53:01 UTC 27.7K followers, 1003 engagements "I was not aware that @alexcrognale was a Bitcoiner. Regarding the point he raises putting my money into Bitcoin and $MSTR vs. Real Estate has been one of the wisest decisions that I have ever made. No repairs to make no bad tenants to deal with no property tax to pay. Just gains"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946608838167408690) 2025-07-19 16:31:27 UTC 27.7K followers, 4781 engagements "True North NOW Episode X - The Smarter Web Company"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945136126521667941) 2025-07-15 14:59:26 UTC 27.7K followers, 52.7K engagements "@BitcoinVeterans CBDC's are **far more** intrusive and have more potential use for broad surveillance than Stablecoins. Orders of magnitude more"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946323357420712300) 2025-07-18 21:37:04 UTC 27.7K followers, 1277 engagements "Ok so the US Government might have sold but maybe not and of course @coinbase is involved. Whatever - I just bought more $BTC $IBIT"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945622399501963558) 2025-07-16 23:11:42 UTC 27.6K followers, 4301 engagements "@deyonte_btc @1914ad To start here are some then we can delve into actual technical details:"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946415201441735125) 2025-07-19 03:42:01 UTC 27.7K followers, 1369 engagements "@1MarkMoss If you want we can chat about this I agree that the metrics aren't forward looking but mNAV is actually critical (not as a valuation metric however). BTC Yield BTC Per Share less so IMO"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945797889890103341) 2025-07-17 10:49:02 UTC 27.7K followers, XXX engagements "$MSTR: Good Morning everyone it's Cornday. Happy to report that @Strategy has acquired another 4225 BTC and they now HODL 601550 BTC. They have just crossed the 600000 BTC threshold on their company Balance Sheet. Unbelievable. This BTC acquisition was made using their $MSTR $STRK $STRF $STRD ATM Equity Offerings. Link:"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1944731457890722163) 2025-07-14 12:11:25 UTC 27.7K followers, 57.2K engagements "The OTC Derby is off to a very fast start this morning - $MTPLF $BCHXF $TSWCF $HOGPF $HKAHF $CINGF $LQWDF - are all front running a coming in Bitcoin price IMO"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1936063200921030914) 2025-06-20 14:06:52 UTC 27.6K followers, 8483 engagements "@clinkie44 @gerovich @Metaplanet_JP When it does a thing in that place where we meet up with a friend of ours from across the way it'll be epic"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945977188626612280) 2025-07-17 22:41:30 UTC 27.7K followers, XXX engagements "$BTC $GME: Agreed. But did you buy We are waiting for you @ryancohen"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945098903327519002) 2025-07-15 12:31:31 UTC 27.7K followers, 7473 engagements "@StewartalsopIII @1914ad Not snark you need to relax & keep your eye on the ball. If you want something to opine on here you go:"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946876235755491481) 2025-07-20 10:14:00 UTC 27.7K followers, XX engagements "@StewartalsopIII @1914ad That's called legal compliance. No different than your bank can and does do"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1946708251183321319) 2025-07-19 23:06:29 UTC 27.7K followers, XX engagements "$MSTR $STRK $STRF $STRD: Oh my God HELL YES a data nerds dream. @Strategy now has a Historical Data Tab Site & it auto updates every minute. Exactly the kind of transparency that I expect from a B.I. Bitcoin Company. Now I don't have to rely on shoddy API's & manually checking data. I'm so pumped"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1943309462154158544) 2025-07-10 14:00:55 UTC 27.7K followers, 12.2K engagements "@grok Dont forget I already said that Bitcoin Yield and Bitcoin Per Share are not KPI's that drive my decisions when it comes to $MSTR because they are dependent on sentiment. Did my points make sense to you There is no way to control or even truly anticipate market sentiment thus those KPI's are at best a measure of how well a company leverages sentiment. However if we know that sentiment can only be reacted to not controlled are they really a fair measure"  [@Adrian_R_Morris](/creator/x/Adrian_R_Morris) on [X](/post/tweet/1945646794161168475) 2025-07-17 00:48:38 UTC 27.6K followers, XXX engagements
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@Adrian_R_Morris
"$BTC $MSTR: mNAV isn't "alchemy" it is sentiment. mNAV is simultaneously a realtime snapshot of market psychology and forward looking. BTC has been telegraphing the shifting market sentiment on fiat currency. Then @saylor @Strategy identified this opportunity in equities. This really isn't complicated"
@Adrian_R_Morris on X 2025-07-18 12:11:24 UTC 27.7K followers, 9560 engagements
"True North NOW Episode X - The Blockchain Group" @Adrian_R_Morris on X 2025-07-10 14:59:16 UTC 27.7K followers, 45.6K engagements
"@michaelwnslow @BitcoinVeterans You telling me this is laughable on so many levels. There is rhetoric then there's the code structure function and means of operation. A Stablecoin is not a CBDC it just isn't. Take care" @Adrian_R_Morris on X 2025-07-18 22:40:25 UTC 27.6K followers, XX engagements
"$KULR @KULRTech: KULR has crossed the 1000 $BTC mark with their latest XX $BTC purchase. I do wonder if this qualifies them for immediate inclusion in $OWNB to open them to more passive flows or if there is some other approval process" @Adrian_R_Morris on X 2025-07-10 12:37:12 UTC 27.7K followers, 5762 engagements
"$MTPLF: I wonder if when @gerovich ends up on the cover of Forbes because of @Metaplanet_JP. Not as crazy as you might think. Bitcoin helps you do things" @Adrian_R_Morris on X 2025-07-17 22:15:11 UTC 27.7K followers, 10.5K engagements
"$MSTR $STRD $STRF $STRK: Just love seeing the Strategy Economy in green" @Adrian_R_Morris on X 2025-07-16 20:34:04 UTC 27.7K followers, 6252 engagements
"Problem 1: $ETH isn't an "alt" anymore (as much as I really hate to admit it) Problem 2: The $BTC $ETH ETFs are a major part of this equation. Problem 3: Thats an entirely different investor base they aren't "rotating". Problem 4: Even if when the small handful of the 100's of thousands of altcoins meme coins run that isn't an altseason. In 2017 2021 I could close my eyes and chuck a dart at a list of coins and get at least a 3x. Which leads to - Problem 5: This isn't a near zero interest rate QE stimulus environment. Market Liquidity seeks what are viewed as strong investments stimulus (free" @Adrian_R_Morris on X 2025-07-18 21:16:55 UTC 27.7K followers, 8460 engagements
"$CINGF @CoinsiliumGroup: Up almost 2x since this tweet" @Adrian_R_Morris on X 2025-06-18 16:04:10 UTC 27.6K followers, 7139 engagements
"@Btc_GodCandle @1914ad This is called compliance they have to be able to comply with Law Enforcement" @Adrian_R_Morris on X 2025-07-19 12:45:13 UTC 27.7K followers, XXX engagements
"@grok Those are the ones I had considered however hashrate while useful is more of a measure of network growth which is indirectly tied to adoption/sentiment. Active addresses much the same are hard to use as a guage since individual users can have dozens of addresses. For example I have almost XX active addresses myself. Finally MVRV is heavily sentiment driven since MCap/Realized cap will ebb and flow with supply/demand that both have a heavily sentiment driven reflexive dynamic. Long story short most of these metrics (if not all) come down to re time vs. lagging sentiment indicators" @Adrian_R_Morris on X 2025-07-17 14:36:36 UTC 27.6K followers, XXX engagements
"$MTPLF @Metaplanet_JP: $208M (30B) was issued to buy more $BTC. That should be 1900 $BTC at current prices" @Adrian_R_Morris on X 2025-06-30 02:51:45 UTC 27.7K followers, 10K engagements
"@SamRuss60265097 @ryQuant mNAV is a direct reflection of market sentiment so yes. The multiple is the multiple and it's set by the market" @Adrian_R_Morris on X 2025-07-20 15:04:05 UTC 27.7K followers, XX engagements
"$SMLR: True North NOW Episode X - Semler Scientific will be live streaming on X at 9AM PST tomorrow morning" @Adrian_R_Morris on X 2025-06-30 04:54:21 UTC 27.6K followers, 9307 engagements
"It's crazy as long as I've been in $BTC the more things change the more they same the same (or revert to the mean). No this is not me promoting $ETH $XRP" @Adrian_R_Morris on X 2025-07-16 12:28:13 UTC 27.6K followers, 4111 engagements
"This is what you are saying in effect: ".You are arguing what a car is. I'm focused on what it does. A train also transports people on a fixed path so therefore a train is car like in function." Yea. Your argument is rather nonsensical because you are changing the definitions. If we defined what would be "CBDC like" using your arbitrary criteria meaning the potential to programmably freeze and or surveil money to enforce laws - then every major bank account in the U.S. is also "CBDC like". That isn't really a useful or accurate statement" @Adrian_R_Morris on X 2025-07-19 05:22:34 UTC 27.6K followers, XX engagements
"$BTC $MSTR $STRK $STRF $STRD: Perfect breakdown of Bitcoin Credit Theory by @_ChaitanyaJ" @Adrian_R_Morris on X 2025-07-14 11:56:33 UTC 27.6K followers, 2821 engagements
"@DigitalXLtd @saylor @MicroStrategy Can I set up some time to talk with your team about your Bitcoin Treasury Strategy" @Adrian_R_Morris on X 2025-07-16 11:50:03 UTC 27.6K followers, XXX engagements
"@stevenjtoro @saylor @BenWerkman @JoshMandell6 @grok Bro just go with it. Too many questions will disrupt the timeline" @Adrian_R_Morris on X 2025-07-12 20:24:51 UTC 27.7K followers, XXX engagements
"$BTC $SWC $TSWCF: OK True North NOW Episode X - The Smarter Web Company is now up on YouTube. Link:" @Adrian_R_Morris on X 2025-07-17 23:14:21 UTC 27.7K followers, 5331 engagements
"First it's Metcalfe second a user base model is kinda shaky for $BTC as there is no clean way to decipher the exact # of users. Second $BTC is finite and ever more so liquidity impacts on this model decrease over time IMO especially when the model is buy hold and soon leverage" @Adrian_R_Morris on X 2025-07-12 14:19:22 UTC 27.7K followers, XXX engagements
"$SMLR: @SemlerSci now sitting on 4846 $BTC & closing in on the 5000 $BTC milestone" @Adrian_R_Morris on X 2025-07-17 14:58:01 UTC 27.7K followers, 10.5K engagements
"$SMLR: I want a run to $XX before the month is out" @Adrian_R_Morris on X 2025-07-02 16:40:20 UTC 27.6K followers, 13.9K engagements
"I need someone to check the math on this. Because damn" @Adrian_R_Morris on X 2025-07-19 12:06:08 UTC 27.7K followers, 8778 engagements
"$NVDA $PLTR $TSLA: Besides $BTC $MSTR and a handful of the other Treasury Company's I am hyper-bullish on A.I. and of course Robotics. IMO these X companies will be neck deep in that adoption curve" @Adrian_R_Morris on X 2025-07-17 17:19:37 UTC 27.7K followers, 3024 engagements
"@DB9764 @1914ad @Btc_GodCandle Doing what I can where I can. 🤝🏽" @Adrian_R_Morris on X 2025-07-19 16:09:48 UTC 27.7K followers, XX engagements
"$MSTR: This is what a moat looks like. Right now it's the mNAV that leads to NAV growth but in the future it'll be the @Strategy NAV that justifies mNAV growth" @Adrian_R_Morris on X 2025-07-13 13:00:26 UTC 27.7K followers, 9368 engagements
"I will be going live with @Sanderandersenn at 9:00 AM PST for True North NOW Episode X this Thursday. Until then check out the conversation he had with @TimKotzman re: @H100Group and their $BTC Treasury Strategy" @Adrian_R_Morris on X 2025-07-15 23:52:40 UTC 27.7K followers, 5925 engagements
"I really think can evolve into an unimpeachable & singular repository for not only $BTC price analytics data but also data for $MSTR $STRK $STRF $STRD. @saylor shared the playbook it only makes sense to be the ultimate source of truth as well" @Adrian_R_Morris on X 2025-07-12 20:48:39 UTC 27.7K followers, 8743 engagements
"@ShamsCharania @PrioritySports So many "stars" have ended up on the Clippers and for what They aren't winning anything" @Adrian_R_Morris on X 2025-07-16 18:05:05 UTC 27.6K followers, 5527 engagements
"The Total MCap of the crypto market hitiing $4T is wild. I know Fink is grinning ear to ear because of the $BTC $ETH ETFs" @Adrian_R_Morris on X 2025-07-18 10:43:48 UTC 27.7K followers, 3197 engagements
"@deyonte_btc @1914ad Can't keep moving the goalpost. The US Government can have your funds frozen at any moment right now. Your money can be surveilled right now. Being backed by USTs doesn't have any bearing on it being a CBDC to any extent" @Adrian_R_Morris on X 2025-07-19 04:14:22 UTC 27.7K followers, XX engagements
"$BTC $ALTBG @_ALTBG - True North NOW Episode X - The Blockchain Group has been uploaded on YouTube. This was a great convo with @AlexandreLaizet Link:" @Adrian_R_Morris on X 2025-07-15 13:53:46 UTC 27.7K followers, 6919 engagements
"@michaelwnslow @BitcoinVeterans There is a functional and operational difference" @Adrian_R_Morris on X 2025-07-18 22:07:00 UTC 27.7K followers, XX engagements
"When Bitcoin hits $250000 - Expect that you will gain friends. Then when Bitcoin hits $1000000 - Expect that you may lose family. Holding can be a lonely endeavor plan for all outcomes" @Adrian_R_Morris on X 2025-07-18 22:48:46 UTC 27.7K followers, 10K engagements
"$BTC $DDC @ddcbtc_ Happy to be one of the first members of the Bitcoin Influence Collective at @ddcbtc_" @Adrian_R_Morris on X 2025-07-14 12:31:18 UTC 27.7K followers, 12K engagements
"I have received some rather salty DMs about my @scottmelker vid post re: altseason. Tons of $XRP shills in there & memecoin lovers. Here's the other piece of this puzzle many are missing I think it's going unappreciated that this is the first Bitcoin cycle where we haven't had depressed interest rates & QE Stimulus. The "boom & bust" cycles we've seen in this space before were pure speculation fueled by cheap money money printing. That is not what we are seeing here this is an institutional pivot into Bitcoin. This "cycle" is being fueled by a growing reallocation of capital into a digital" @Adrian_R_Morris on X 2025-07-05 11:11:10 UTC 27.6K followers, 42.4K engagements
"Hey @Micro2Macr0 this is the Livestream. Second one that I've done with @asjwebley" @Adrian_R_Morris on X 2025-07-16 11:24:37 UTC 27.6K followers, 1429 engagements
"@1914ad Ok to be fair CBDC's are far more intrusive & have far more potential use for broad surveillance than Stablecoins. Orders of magnitude more. This isn't that" @Adrian_R_Morris on X 2025-07-19 03:20:06 UTC 27.7K followers, 12.3K engagements
"The $444K $BTC timeline is merging into coherence with ours. I will tweet out screenshots of every price level until we hit the holy number. 😏" @Adrian_R_Morris on X 2025-07-12 19:43:52 UTC 27.7K followers, 8817 engagements
"@Roubini18 That means supply can will increase "alt" to me isn't based on supply it's based on market perception. $ETH has cleared that altcoin hurdle based on BlackRock & Fidelity involvement. I do not like it but it is what it is" @Adrian_R_Morris on X 2025-07-18 21:28:39 UTC 27.6K followers, XX engagements
"By that logic every bank operates CBDC's right now. But again a CBDC requires far more than regulatory compliance and the potential for control. Furthermore them being backed by USTs doesn't make it centralized nor a centralized bank. That's The Fed. This isn't outsourcing of CBDC's either because again that requires broad infrastructure and information technology integration that we just don't have. Everyone needs to relax" @Adrian_R_Morris on X 2025-07-19 16:08:09 UTC 27.7K followers, XXX engagements
"The "Genius Act" is about Stablecoins. It's not creating a CBDC nor is it a CBDC backdoor. TL:DR - This is about fully compliant Stablecoins and expanding the dollars footprint and reach" @Adrian_R_Morris on X 2025-07-20 01:11:01 UTC 27.7K followers, 3752 engagements
"Hey @grok why do so many traditional finance investors and commentators have such a hard time accepting that mNAV is a reflection of market sentiment rather than a sign of equity overvaluation" @Adrian_R_Morris on X 2025-07-18 14:32:20 UTC 27.7K followers, 1376 engagements
"$SWC $TSWCF: @smarterwebuk purchased XXX Bitcoin they now hold 1600 Bitcoin in total. Closing in on the 2000 Bitcoin milestone. They're doing OK but let's not get too excited 😏" @Adrian_R_Morris on X 2025-07-16 09:16:31 UTC 27.6K followers, 21.1K engagements
"$MSTR $STRD - $4.2B $STRD ATM Equity Offering Program has launched" @Adrian_R_Morris on X 2025-07-07 12:38:05 UTC 27.6K followers, 44.1K engagements
"How long until $SQNS owns more $BTC than $GME They are already over the 1000 $BTC mark at 1053 that means $OWNB inclusion could be on deck with the next rebalancing" @Adrian_R_Morris on X 2025-07-14 11:39:19 UTC 27.6K followers, 4835 engagements
"$SMLR: I said what I said I want a run to $50" @Adrian_R_Morris on X 2025-07-10 17:46:30 UTC 27.6K followers, 7420 engagements
"@ddcnorma Need to get you on @MSTRTrueNorth soon to discuss all this" @Adrian_R_Morris on X 2025-07-19 14:46:15 UTC 27.7K followers, XXX engagements
"@grok I cannot say that I have a definite threshold for "overvalued" with $MSTR because I view it as a long term holder and as complimentary investment along with my $BTC holdings let me explain. Following along with my comments on mNAV or the multiple being a reflection of sentiment that means every metric such as Bitcoin Per Share or Bitcoin Yield is (matter of factly) a function of sentiment as mNAV is what fuels accretive dilution via ATM Equity Offerings which funds the Bitcoin purchases and thus fuels those KPI's. Therefore I view them as dependent variables. In my view the "alpha" is" @Adrian_R_Morris on X 2025-07-17 00:42:55 UTC 27.6K followers, XXX engagements
"True North NOW Episode X - Semler Scientific" @Adrian_R_Morris on X 2025-06-30 17:04:46 UTC 27.6K followers, 9387 engagements
"It depends on your view on what the correct calculation on NAV mNAV is. In my view: X - Net Asset Value (NAV) = (Bitcoin Holdings * Bitcoin Price + Other Assets) - Total Liabilities X - NAV Multiple (mNAV) = Market Cap / NAV X - Absolute NAV Premium (in Dollars) = Market Cap - NAV X - NAV Premium (in percentage) = ((Market Cap - NAV) / NAV) * XXX% All other methods are incorrect IMO" @Adrian_R_Morris on X 2025-07-14 17:10:46 UTC 27.6K followers, XXX engagements
"@BleacherReport @shams So many "stars" have ended up on the Clippers and for what They aren't winning anything" @Adrian_R_Morris on X 2025-07-16 17:42:02 UTC 27.6K followers, 8516 engagements
"@1914ad But it really isn't. There is rhetoric then there's the actual code structure function and means of operation. A Stablecoin and this proposed Stablecoin expansion is (as of now) not a CBDC" @Adrian_R_Morris on X 2025-07-19 03:31:50 UTC 27.7K followers, 2582 engagements
"$SMLR: Semler Scientific getting some much deserved analyst attention. Link:" @Adrian_R_Morris on X 2025-07-09 11:51:46 UTC 27.7K followers, 8985 engagements
"Nevermind the US Government didn't sell the Bitcoin and do in fact hold about 200K $BTC - But @L0laL33tz already got paid by @DavidFBailey for the original find. Refund" @Adrian_R_Morris on X 2025-07-16 20:17:28 UTC 27.6K followers, 13.4K engagements
"@SagittariusN2U I got into so many arguments over the years with many people that think this is real. 😂 They are remembering @SHAQ as the Genie Kazaam not Sinbad as Shazaam" @Adrian_R_Morris on X 2025-07-19 14:52:16 UTC 27.7K followers, 55.6K engagements
"$SMLR: Semler Scientific acquired XXX $BTC & their holdings now sit at 4636 $BTC. Getting closer to the 5000 mark. Link:" @Adrian_R_Morris on X 2025-07-07 12:34:55 UTC 27.6K followers, 10.3K engagements
"$KULR @KULRTech: After some Google Gemini research the answer to my question is no there is no "approval process" for $KULR to be included in the $OWNB ETF. The ETF is passively managed tracks to the Bitwise Bitcoin Standard Corporations Index & rebalances quarterly; at which point eligible companies are automatically added. So I assume they could be considered for addition during the next rebalance. @dgt10011 am I off base on any of this (If you can say)" @Adrian_R_Morris on X 2025-07-10 12:53:01 UTC 27.7K followers, 1003 engagements
"I was not aware that @alexcrognale was a Bitcoiner. Regarding the point he raises putting my money into Bitcoin and $MSTR vs. Real Estate has been one of the wisest decisions that I have ever made. No repairs to make no bad tenants to deal with no property tax to pay. Just gains" @Adrian_R_Morris on X 2025-07-19 16:31:27 UTC 27.7K followers, 4781 engagements
"True North NOW Episode X - The Smarter Web Company" @Adrian_R_Morris on X 2025-07-15 14:59:26 UTC 27.7K followers, 52.7K engagements
"@BitcoinVeterans CBDC's are far more intrusive and have more potential use for broad surveillance than Stablecoins. Orders of magnitude more" @Adrian_R_Morris on X 2025-07-18 21:37:04 UTC 27.7K followers, 1277 engagements
"Ok so the US Government might have sold but maybe not and of course @coinbase is involved. Whatever - I just bought more $BTC $IBIT" @Adrian_R_Morris on X 2025-07-16 23:11:42 UTC 27.6K followers, 4301 engagements
"@deyonte_btc @1914ad To start here are some then we can delve into actual technical details:" @Adrian_R_Morris on X 2025-07-19 03:42:01 UTC 27.7K followers, 1369 engagements
"@1MarkMoss If you want we can chat about this I agree that the metrics aren't forward looking but mNAV is actually critical (not as a valuation metric however). BTC Yield BTC Per Share less so IMO" @Adrian_R_Morris on X 2025-07-17 10:49:02 UTC 27.7K followers, XXX engagements
"$MSTR: Good Morning everyone it's Cornday. Happy to report that @Strategy has acquired another 4225 BTC and they now HODL 601550 BTC. They have just crossed the 600000 BTC threshold on their company Balance Sheet. Unbelievable. This BTC acquisition was made using their $MSTR $STRK $STRF $STRD ATM Equity Offerings. Link:" @Adrian_R_Morris on X 2025-07-14 12:11:25 UTC 27.7K followers, 57.2K engagements
"The OTC Derby is off to a very fast start this morning - $MTPLF $BCHXF $TSWCF $HOGPF $HKAHF $CINGF $LQWDF - are all front running a coming in Bitcoin price IMO" @Adrian_R_Morris on X 2025-06-20 14:06:52 UTC 27.6K followers, 8483 engagements
"@clinkie44 @gerovich @Metaplanet_JP When it does a thing in that place where we meet up with a friend of ours from across the way it'll be epic" @Adrian_R_Morris on X 2025-07-17 22:41:30 UTC 27.7K followers, XXX engagements
"$BTC $GME: Agreed. But did you buy We are waiting for you @ryancohen" @Adrian_R_Morris on X 2025-07-15 12:31:31 UTC 27.7K followers, 7473 engagements
"@StewartalsopIII @1914ad Not snark you need to relax & keep your eye on the ball. If you want something to opine on here you go:" @Adrian_R_Morris on X 2025-07-20 10:14:00 UTC 27.7K followers, XX engagements
"@StewartalsopIII @1914ad That's called legal compliance. No different than your bank can and does do" @Adrian_R_Morris on X 2025-07-19 23:06:29 UTC 27.7K followers, XX engagements
"$MSTR $STRK $STRF $STRD: Oh my God HELL YES a data nerds dream. @Strategy now has a Historical Data Tab Site & it auto updates every minute. Exactly the kind of transparency that I expect from a B.I. Bitcoin Company. Now I don't have to rely on shoddy API's & manually checking data. I'm so pumped" @Adrian_R_Morris on X 2025-07-10 14:00:55 UTC 27.7K followers, 12.2K engagements
"@grok Dont forget I already said that Bitcoin Yield and Bitcoin Per Share are not KPI's that drive my decisions when it comes to $MSTR because they are dependent on sentiment. Did my points make sense to you There is no way to control or even truly anticipate market sentiment thus those KPI's are at best a measure of how well a company leverages sentiment. However if we know that sentiment can only be reacted to not controlled are they really a fair measure" @Adrian_R_Morris on X 2025-07-17 00:48:38 UTC 27.6K followers, XXX engagements