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# ![@JesseKobernick Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1745672542386622464.png) @JesseKobernick Jesse Kobernick

Jesse Kobernick posts on X about bitcoin, debt, stack, $asst the most. They currently have XXXXX followers and XXX posts still getting attention that total XXXXX engagements in the last XX hours.

### Engagements: XXXXX [#](/creator/twitter::1745672542386622464/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1745672542386622464/c:line/m:interactions.svg)

- X Week XXXXXXX -XXXX%
- X Month XXXXXXX +549%
- X Months XXXXXXXXX +37%
- X Year XXXXXXXXX +1,366%

### Mentions: XX [#](/creator/twitter::1745672542386622464/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1745672542386622464/c:line/m:posts_active.svg)

- X Week XXX +89%
- X Month XXX +190%
- X Months XXX +5.70%
- X Year XXX +790%

### Followers: XXXXX [#](/creator/twitter::1745672542386622464/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1745672542386622464/c:line/m:followers.svg)

- X Week XXXXX +0.72%
- X Month XXXXX +1.40%
- X Months XXXXX +27%
- X Year XXXXX +525%

### CreatorRank: XXXXXXX [#](/creator/twitter::1745672542386622464/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1745672542386622464/c:line/m:influencer_rank.svg)

### Social Influence [#](/creator/twitter::1745672542386622464/influence)
---

**Social category influence**
[cryptocurrencies](/list/cryptocurrencies)  #5700 [finance](/list/finance)  XXXX% [stocks](/list/stocks)  XXXX% [exchanges](/list/exchanges)  XXXX% [countries](/list/countries)  XXXX%

**Social topic influence**
[bitcoin](/topic/bitcoin) #2134, [debt](/topic/debt) #391, [stack](/topic/stack) #1609, [$asst](/topic/$asst) #54, [$mstr](/topic/$mstr) #379, [$49m](/topic/$49m) 0.93%, [longterm](/topic/longterm) 0.93%, [holders](/topic/holders) #938, [mstr](/topic/mstr) 0.62%, [balance sheet](/topic/balance-sheet) #937

**Top accounts mentioned or mentioned by**
[@strategy](/creator/undefined) [@actuallyclimber](/creator/undefined) [@punterjeff](/creator/undefined) [@metaplanetjp](/creator/undefined) [@btcbullrider](/creator/undefined) [@ryquant](/creator/undefined) [@80iqmindset](/creator/undefined) [@hermeslux](/creator/undefined) [@btcoverflow](/creator/undefined) [@grok](/creator/undefined) [@adrianrmorris](/creator/undefined) [@dylanleclair](/creator/undefined) [@saylor](/creator/undefined) [@adrian_r_morris](/creator/undefined) [@joelonbitcoin](/creator/undefined) [@joshmandell6](/creator/undefined) [@inheritingbtc](/creator/undefined) [@richardahaas](/creator/undefined) [@btcpleb2024](/creator/undefined) [@drgil](/creator/undefined)

**Top assets mentioned**
[Bitcoin (BTC)](/topic/bitcoin) [Strive, Inc. (ASST)](/topic/$asst) [Strategy (MSTR)](/topic/$mstr) [Semler Scientific, Inc. (SMLR)](/topic/$smlr) [Nakamoto Games (NAKA)](/topic/$naka) [Qtum (QTUM)](/topic/$qtum) [Metaplanet Inc. (MTPLF)](/topic/$mtplf) [Hundred Million (100M)](/topic/$100m)
### Top Social Posts [#](/creator/twitter::1745672542386622464/posts)
---
Top posts by engagements in the last XX hours

"$STRF--yielding 8.6%--still seems more attractive than $STRC--yielding XXXXX% yield. STRF being senior in the capital stack (behind only bonds) is very appealing as is the X% penalty if $MSTR defers any dividend owed on STRF. If STRC succeeds and MSTR can run the ATM on it that both builds the BTC capital base which helps STRF and reduces the need to ATM STRF. I'm okay giving up 1.75%/yr for seniority in the capital stock and higher potential price appreciation. I understand why MSTR common holders want their grandmas to buy STRC but STRF seems like the better investment option"  
[X Link](https://x.com/JesseKobernick/status/1974709604694306994) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-05T05:33Z 5874 followers, 34.4K engagements


"Who is tracking how much cash each BTCTC holds When all these companies traded at a premium no one cared. Just sell common for cash. But if the only way for the business to operate is with cash reserves or new debt (or selling chairs) it would be interesting to see how much cash they maintain"  
[X Link](https://x.com/JesseKobernick/status/1979078300200038732) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T06:53Z 5874 followers, 1160 engagements


"The implication is that current leverage is undesirable. Signals either preferreds are imminent; the company expects BTC to go down which would put pressure on the balance sheet if it had debt; or both. An interesting problem arises if the market reads the delevering via common issuance across the space as a signal that they too should exit riskier positions (BTCTCs). Creates a downward cascade in price. MP may be the only company that can reasonably say it's all about preferreds; and the lack of leverage doesn't reflect an effort to time the BTC market. Hope the preferreds launch and do well"  
[X Link](https://x.com/JesseKobernick/status/1979283822438158840) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T20:30Z 5874 followers, 3274 engagements


"Interesting. I think Strategy's BPS metric only measures BTC relative to common CBs and STRK (as its convertible). You think BPS should be expanded to include all preferreds Or maybe management should caveat that increasing BPS is THE goal unless it reduces the BTC that is purportedly backing the preferreds"  
[X Link](https://x.com/JesseKobernick/status/1979286216173588958) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T20:39Z 5874 followers, XXX engagements


"@EspritAlberta @ZynxBTC Many termination scenarios will require SMLR to pay $49M breakup fee"  
[X Link](https://x.com/JesseKobernick/status/1977963296251854896) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-14T05:02Z 5867 followers, XX engagements


"Expenses will get more scrutiny if these BTC treasury companies remain under X mNAV and are unable to acquire BTC. What are we subsidizing and why"  
[X Link](https://x.com/JesseKobernick/status/1978213822780579864) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-14T21:38Z 5867 followers, 2529 engagements


"@PDPhilaPhil @HermesLux Think theyre too small to be systemic risks. And my guess is worst case scenario they sell just enough BTC to keep the game going (pay salaries expenses debt obligations etc.). Many can do that for a while"  
[X Link](https://x.com/JesseKobernick/status/1979028752660119813) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T03:36Z 5868 followers, XX engagements


"Surprised to see that $SMLR shareholders did not approve the issuance of preferred stock"  
[X Link](https://x.com/JesseKobernick/status/1966284777293828454) [@JesseKobernick](/creator/x/JesseKobernick) 2025-09-11T23:36Z 5875 followers, 1986 engagements


"Seems challenging to know who is a long-term investor (aside from the obvious CB buyer). To attract the "right" long-term investor you have to be a company worthy of being held long-term. I read that even the vaunted Capital Group sold down their MetaPlanet position in Q4 2024"  
[X Link](https://x.com/JesseKobernick/status/1975621329476100568) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-07T17:56Z 5876 followers, 8865 engagements


"I was mistaken here. Capital Group reduced their holdings in MSTR--not MetaPlanet--in Q4 2024"  
[X Link](https://x.com/JesseKobernick/status/1975626162539012566) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-07T18:15Z 5878 followers, 5576 engagements


"I think @HermesLux is generally right regarding the inability of #bitcoin treasury companies to sustain high mNAVs unless they develop other income streams. But I think these companies including $MSTR and @Metaplanet_JP will need to go further to reassure the market that common share dilution is off the table. To do this they will need to legally eliminate the company's ability to easily turn on the common share ATM. I explain why and how below. Many treasury companies are hoping that $BTC pumps hard; investors hop back into riskier assets to try to outperform BTC; premiums expand; and they"  
[X Link](https://x.com/JesseKobernick/status/1975818281870377093) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-08T06:59Z 5878 followers, 41.1K engagements


"@dRiskDave @HermesLux @Metaplanet_JP I like the framing scaling down to minimal dilution over time. I fear some of the newer companies that ran PIPE financings may struggle to regain trust to get anything off the ground. So need to act boldly to regain that trust"  
[X Link](https://x.com/JesseKobernick/status/1975946900944851062) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-08T15:30Z 5875 followers, XXX engagements


"@NitherDither I dont really get it. Is there analog credit or physical credit My guess is theyre following saylors lead with the language"  
[X Link](https://x.com/JesseKobernick/status/1977390256920904087) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-12T15:05Z 5877 followers, XX engagements


"@ThetaMaestro Like I said I like MetaPlanet. Just think it's silly to be confounded as to why the market doesn't consider their CSP sales an operating business"  
[X Link](https://x.com/JesseKobernick/status/1978565230356468001) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-15T20:54Z 5874 followers, XXX engagements


"@KristophJeffers Yes. Im undecided on the long term future of many of these companies. Theres so much bullshit and cope out there and loud voices incentivized to propagate it"  
[X Link](https://x.com/JesseKobernick/status/1978598568698269905) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-15T23:07Z 5878 followers, XXX engagements


"@BTCBULLRIDER Its a derivatives trade dependent on selling common to harvest a premium. Challenging or impossible to project it out. I doubt Simon and Dylan view it as something other than a discount on BTC purchases"  
[X Link](https://x.com/JesseKobernick/status/1978651050950410519) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-16T02:35Z 5877 followers, XXX engagements


"@Adrian_R_Morris @saylor That's a strawman. All can be true: bots exist (both bearish and bullish); there are legitimate criticisms; and pointing to bots certainly looks like an exuse"  
[X Link](https://x.com/JesseKobernick/status/1978855138426024018) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-16T16:06Z 5874 followers, XXX engagements


"@ActuallyClimber @nicoffx @PunterJeff If I'm a plaintiffs' attorney I'm reviewing the dozens of instances where management has said that increasing BTC per Share is the goal"  
[X Link](https://x.com/JesseKobernick/status/1979255804244168750) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T18:38Z 5873 followers, XXX engagements


"@_Checkmatey_ They have a fair amount of time to come into compliance before Nasdaq delisting. I wonder how much capacity these guys have in authorized shares"  
[X Link](https://x.com/JesseKobernick/status/1978938941232554272) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-16T21:39Z 5875 followers, XXX engagements


"@BedlamPres Management flexibility is the flip side of the coin of investor certainty. There's a reason companies don't open a huge S-3 that they tap whenever their stock price rises sufficiently"  
[X Link](https://x.com/JesseKobernick/status/1979066789100167396) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T06:07Z 5874 followers, XXX engagements


"@Eladsha12 If the stock represents leveraged exposure to BTC on favorable terms and attractive rates they'll get a premium unless the market fears that the overperformance they seek will be dampened by the company selling too much common. Just my opinion"  
[X Link](https://x.com/JesseKobernick/status/1979076138195640790) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T06:44Z 5874 followers, XX engagements


"I hear you man. I think you're right on the motivation. Also exlains all these companies stacking BTC as their mNAVs collapsed. Trading short term common stock performance for potential long-term benefit. My concern on prefs is the same as the MSTR prefs: absent operating income to pay the divs you need buyers to believe both (a) BTC is going up at a good click; and (b) the common stock will receive a premium. Just guessing but I imagine these concerns may hold back prefs more than the actual leverage ratio of the company"  
[X Link](https://x.com/JesseKobernick/status/1979244710855414120) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T17:54Z 5874 followers, XXX engagements


"@benminer2 In hindsight a lot of the BTCTC moves as mNAVs collapsed looked like efforts to time the BTC cycle"  
[X Link](https://x.com/JesseKobernick/status/1979245081757692148) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T17:56Z 5874 followers, XXX engagements


"@bitpokerpix True. Do you think MetaPlanet is trying to time BTC's price movement"  
[X Link](https://x.com/JesseKobernick/status/1979245455587578274) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T17:57Z 5874 followers, XX engagements


"@RealJimChanos are you a buyer if a bitcoin treasury company does this 😂"  
[X Link](https://x.com/JesseKobernick/status/1979248050561519818) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T18:08Z 5874 followers, 1745 engagements


"@ryQuant Are you viewing the div obligations as debt"  
[X Link](https://x.com/JesseKobernick/status/1979258038554103965) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T18:47Z 5875 followers, XXX engagements


"@ZynxBTC On a per share basis doesn't the larger BTC capacity mean that it now requires more capital to reach the equivalent leverage of a smaller BTC balance sheet"  
[X Link](https://x.com/JesseKobernick/status/1979284373561315585) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T20:32Z 5875 followers, XXX engagements


"I'm with you. I don't think paying for preferred dividends largely by selling more common will be received well by potential preferred buyers. The structure requires preferred investors to both beleive in BTC's strong performance AND believe that the common will continue to have a premium. Don't think it works long term or at scale"  
[X Link](https://x.com/JesseKobernick/status/1979329919038656553) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T23:33Z 5875 followers, XX engagements


"@hiyoko_peep Probably questioning whether increased BTC per Share translates into increased share price. And whether increasing the BTC base of capital at the price point of the IO improves the share price"  
[X Link](https://x.com/JesseKobernick/status/1979093303439093815) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T07:53Z 5875 followers, 1074 engagements


"S&P committee: How will you grow MSTR: We will sell high yielding preferred stock. S&P: How will you pay for the dividends if you operate at a loss MSTR: Well sell common stock to new shareholders which we hope will be the S&P index investors. S&P: 🤔 MSTR: 😬"  
[X Link](https://x.com/JesseKobernick/status/1979727184240812124) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-19T01:51Z 5872 followers, 6970 engagements


"Way too early to say whether any #bitcoin treasury company is dead. Except $SMLR. $ASST suggests they need preferreds to succeed. And they need scale to issue preferreds. And they needed the PIPE and SMLR to reach scale. Could work. 🤷♂"  
[X Link](https://x.com/JesseKobernick/status/1977941859759755683) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-14T03:37Z 5873 followers, 2636 engagements


"@InvestmentsVgm @KunalBSukhija @DylanLeClair_ True. Yes annual. So you hit MSTRs expense ratio after year 8"  
[X Link](https://x.com/JesseKobernick/status/1978579626206085252) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-15T21:51Z 5874 followers, XX engagements


"Should I long Defiance Quantum ETF $QTUM as a hedge on my bitcoin"  
[X Link](https://x.com/JesseKobernick/status/1979037839628042343) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T04:12Z 5874 followers, 1387 engagements


"I'm not sure. There are certainly lots of factors that are outside the control of management that could have dictated price movement regardless of what they did. But most of MSTR's earlier growth was debt-fueled and did not focus on common equity issuance. That piece is fairly new at least at that scale"  
[X Link](https://x.com/JesseKobernick/status/1979095539468898536) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T08:02Z 5874 followers, XXX engagements


"@ActuallyClimber @PunterJeff $ASST should do this. Sell prefs to buy back your common; then sell your common to pay the pref dividend. Chanos will lose his mind"  
[X Link](https://x.com/JesseKobernick/status/1979246956649288068) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T18:03Z 5874 followers, 1556 engagements


"@btcpleb2024 Go on"  
[X Link](https://x.com/JesseKobernick/status/1979729465120075936) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-19T02:01Z 5874 followers, XXX engagements


"Good explanation below on the value of the preferreds. @ColeMacro can you share more about how and when $ASST plans to use the common share ATM Are you averse to limiting its use to paying dividends on the preferreds and covering operating expenses"  
[X Link](https://x.com/JesseKobernick/status/1976896168904081857) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-11T06:22Z 5875 followers, 1494 engagements


"@BenWerkman Good write-up. Thanks Ben. Does $ASST plan to provide guidance with respect to how and when it will use its common ATM or its buyback program"  
[X Link](https://x.com/JesseKobernick/status/1977549589772439730) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-13T01:38Z 5876 followers, 2675 engagements


"@mc_khristina @ZynxBTC SMLr pays $49M to ASST in most termination scenarios. XX% of their stack. SMLR is fucked. Will get sued"  
[X Link](https://x.com/JesseKobernick/status/1977949262257500478) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-14T04:07Z 5875 followers, XXX engagements


"Interesting that you highlight ETFs. I've seen people note that you pay a XXXX% fee with IBIT but $MSTR is "free." Putting aside the operating losses borne by the shareholders $MSTR actually pays X% or more for its BTC--that fee is just applied when they sell stock (MSTR STRF STRK etc.). They sell stock and pay the Sales Agent X% then they buy BTC with that cash. The fees were higher for the BTC bought in the IPO than through the ATM. Not sure how much they pay to execute the BTC trade. You might not see an expense ratio for MSTR in your brokerage account but it's hardly "free.""  
[X Link](https://x.com/JesseKobernick/status/1978563934304272618) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-15T20:49Z 5875 followers, 3996 engagements


"@dampedspring @gcarl55 Even with the ASST merger exchange ratio and the likely $49M breakup fee"  
[X Link](https://x.com/JesseKobernick/status/1978939865288028574) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-16T21:43Z 5875 followers, XXX engagements


"Would need to pay MP shareholders a premium to NAV. Otherwise they vote the deal down as it would be better to sell the stack at NAV and return the capital to shareholders. May see it happen with SMLR given the exchange ratio. Then again boards can can be captured and bought and have a great deal of pride. So who knows"  
[X Link](https://x.com/JesseKobernick/status/1979027234984988987) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T03:30Z 5875 followers, XXX engagements


"@Sunfollower360 I'm not sure having a bunch of BTC operating expenses and no operating income is a strong argument for a strong share price. Would the buy/sell of BTC in your hypothetical cancel each other out So the question then is does the CSP premium exceed the cost of capital"  
[X Link](https://x.com/JesseKobernick/status/1979265136419541037) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T19:15Z 5875 followers, XXX engagements


"It certainly requires more capital. You can still make the case it's better capital. But if it's leverage rather than BPS that really drives stock performance then on a per share basis scale only matters to reach the point that you can issue the preferreds. Beyond that it doesn't sound like an advantage to common holders"  
[X Link](https://x.com/JesseKobernick/status/1979286999413744069) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T20:42Z 5875 followers, XXX engagements


"@AllYourModels @HermesLux @Metaplanet_JP Could be. Would you be a buyer at 2-3x mNAV Someone needs to be"  
[X Link](https://x.com/JesseKobernick/status/1975954911855878278) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-08T16:02Z 5875 followers, XXX engagements


"I hear you. And that thinking does resonate to a degree. The future income streams is a speculative but it's something I certainly think about as even a small % of monetizing the BTC can lead to a tremendous outcome if the BTC stack is big. I fear the equity dilution is slowly killing the ability for them to acquire more BTC as it dissuades new investors from buying at any premium. I think they all recognize this which is why many companies seem to be focusing intently on preferreds. If they limit the equity dilution to cover the preferred dividends then premium could return--which is how"  
[X Link](https://x.com/JesseKobernick/status/1975965259602313557) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-08T16:43Z 5875 followers, XXX engagements


"I like MetaPlanet but I think it's misleading to refer to their BTC income generation as a "profitable operating business." They sell cash secured puts. The only way they can sell the puts is to first have cash--and the only meaningful way for them to get cash is to first dilute common holders through the sale of stock. (They say they don't use margin.) This is not an operating business in any ordinary sense of the term. So it's not surprising that the market doesn't value MetaPlanet based on its "operating business.""  
[X Link](https://x.com/JesseKobernick/status/1978559107104924124) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-15T20:30Z 5875 followers, 24.8K engagements


"Think my math is off depending on what you consider a liability. But you get the idea"  
[X Link](https://x.com/JesseKobernick/status/1979047442562572684) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T04:50Z 5875 followers, XXX engagements


"@MartyBent is a granola mom masquerading as a bitcoin podcaster"  
[X Link](https://x.com/JesseKobernick/status/1979073716265910622) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T06:35Z 5875 followers, XXX engagements


"Sentiment as described here is the value of the company as determined by the market. mNAV is the value of the company as determined by the market reflected as a multiple of net asset value (or sometimes just BTC asset value). So mNAV = sentiment is true under these definitions. But I dont understand what Im supposed to take away from this"  
[X Link](https://x.com/JesseKobernick/status/1977495111891378397) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-12T22:02Z 5874 followers, 3624 engagements


"Simply put preferred stock enables the expansion of Bitcoin holdings without dilution allowing an increase in Bitcoin per share without being influenced by mNAV. Id be inclined to buy more if they put things in place to limit the common dilution to cover only preferred dividends. Provide the market certainty that should MP sell $1B in preferred we are getting exposure to XX% leverage on attractive terms. Remove the uncertainty on whether the company will decide to delever and dilute at any moment via common share sales"  
[X Link](https://x.com/JesseKobernick/status/1979043798018867393) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T04:36Z 5873 followers, 11.4K engagements


"Why do you think it's essentail at that mNAV level Why not X or X The CSP income raised from selling preferreds helps. But it will never fully cover the obligation. You sell $100M in preferreds with X% interest. Then you buy $95M in BTC and use $5M for a CSP. You get X% annualized premium on the $5M. Ok cool. The next year you have to pay X% on the $100M of preferred again. Not saying I dislike CSPs or preferreds. Just that they won't fully for the dividends"  
[X Link](https://x.com/JesseKobernick/status/1979070520906911771) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T06:22Z 5874 followers, XXX engagements


"Having no debt as a BTCTC should not be a point of pride. Anyone can get exposure to non-leveraged BTC without having to bear operational risk or expenses"  
[X Link](https://x.com/JesseKobernick/status/1979234564125135343) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T17:14Z 5874 followers, 17.2K engagements


"@getonbitcoin @DylanLeClair_ Yeah me too"  
[X Link](https://x.com/JesseKobernick/status/1979302390433222887) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-17T21:43Z 5874 followers, XXX engagements


"@BuffaloDylBTC Possible. I I saw $30M loss for first X months of 2025 excluding BTC gain/loss"  
[X Link](https://x.com/JesseKobernick/status/1979747016453583090) [@JesseKobernick](/creator/x/JesseKobernick) 2025-10-19T03:10Z 5874 followers, XXX engagements