The market has struggled to evaluate BTBT because its strategic narrative has shifted substantially, and past financials and profits are not telling the story of where they’re headed. • they have abandoned BTC mining, which is no longer profitable with the rising energy costs and BTC mining rewards constantly being halved over time • they own 70–80% of WYFI, an AI HPC which recently IPOed and is being carved out (WYFI is up 23% this past week) • BTBT is very clear that their sole goal now is to become a leading ethereum treasury, and they plan on divesting WYFI over time to make opportunistic ETH accumulation minimizing potential share dilution • you need to be bullish and long on the macro case for ETH to really appreciate the BTBT opportunity beyond a simple discount to nav play • with the Genius Act, there’s regulatory clarity on stable coin, and there’s a clear movement and institutional alignment in the broader financial systems to integrate tokenization and stable coin, and this is mostly being built on ETH rails as a settlement layer • ETH is rapidly evolving into a store of value narrative similar to gold, and in recent years, bitcoin In my opinion, ETH treasuries like BTBT (especially if you can get it at a discount like right now as retail investors sleep on this one) are the best risk-adjusted bet for asymmetric returns in the long run. Risks include execution, governance, crypto volatility, and broader black swan events.

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Their CEO just dropped 2 MM shares yesterday. Didn’t see if it was part of plan disposal but I’ll look later.

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“He implied that he confessed”………….dumb. Is this like “I have a concept of a plan”

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I like this plan, I think I’ll join

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You are a legend. Up 220% on the calls you recommended. Bought them about 30 minutes before close I think. At what share price will you sell them today? Do you plan on getting longer dated calls for next week?

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Listen I know science is advancing rapidly, but I still dont plan on living to 3042...

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Whats yalls plan for the upcoming rate announcement?

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No. I manage almost $500MM. We invest with a long term plan in mind and a diversified portfolio. Wealthy clients could care less about daily/weekly/monthly movements in SPY

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my thoughts. escape plan looked sus relative to skills in shooting

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OPEN 3 days ago? Trash. Not selling that beforehand took some balls. OPEN now that Rabois is back, right before rates cuts and an American credit extravaganza is about to begin? Very different. Real estate has always been a territoried industry in the US. That makes it extremely fragmented; 1.5 million real estate agents working for 300k+ brokerages. Even counting mega firms with over 20k total agents, there are like ten. No one can consolidate market share, because all these agents and companies are constantly at war with each other. I can see, with a massive amount of tech industry brainpower and a fuckton of VC capital, a path for a company with a radical modernization plan to usurp the industry by taking out most of the human elements. I sure as hell didn't think Opendoor was capable of pulling anything like it off, especially not without the right brains and the aforementioned money. But now, I can kind of see a path, and at the end of the path is a *fuckin donko amount of money*. There's $2T worth of houses sold each year, and you can hog a lot of that pie and keep more of the margin with robo agents.

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