Member Info for CLSKBull

Fully aware how this works. Bitcoin, like markets in general, is cyclic.

For it to work there always has to be a premium. This is utilised to raise and buy more bitcoin. There will always be a lag between mcap and nav, with it settling around 2x mcap to btc nav (until the bear market when it all deflated). For now the multiple of 10+ helps them get a strong start.

I've described the process, you've chosen to ignore everything I've said. Best of luck in your investments, I'll not speak to you further.

I've already answered it. If the mcap is 10x the btc holdings, then even the scenario you paint will lift the btc per share. I would not expect only 50% of the raise to go towards bitcoin, they must have been shoring up company finances on the last raise. However even if they did the same again you'd still end up with more btc per share. Do the maths. Let's say 100mil mcap and 100mil shares and 5mil of bitcoin holdings, they raise 10 mil for 10% dilution (110mil shares now), they buy 5mil of bitcoin, the bitcoin per share has almost doubled, for 10% dilution. Repeat.

"MASSIVE dilution incoming, mark my words"

Yes of course there is and many more to come followed by bitcoin purchases, that is the business model. If you can't comprehend this then go back and read what I wrote to you.

Did you do your calculations or not?

lol you silly billy I don't even hold here as per my posts. I was just trying to educate you but you aren't wanting to learn. That's fine but I can't take your posts seriously now.

Do the maths on the question I asked you and you'll see it does.

I'm trying to explain the model to you. The bitcoin per share goes up with time due to this method. It requires a premium for it to work, but warrants a premium and the market understands this. I agree the current multiple is very high, but it shows high demand. It fails when the market doesn't give it a premium, or bitcoin enters a bear market.

You're still not understanding, let's say they add another 50% more shares for 50mil or so and use the lot to buy bitcoin, how much bitcoin will there be per share before this action and how much after this action?

"Again, if you think BTC will 10 bag, which is at least what is needed to support the EXISTING valuation, the best thing you can do is BUY BTC."

Wrong. Btc will not 10x, at least not for many years. However this company will keep diluting and buying more bitcoin, so their bitcoin holdings will likely 10x or more (watch and learn if you don't believe me). Additionally as I've stated you cannot buy bitcoin in an ISA/sipp but you can this.

Buried treasure, I think you're new to this as you're coming across as very naive. The majority of people buying this know the score. Yes the house of cards will ultimately come crashing down, I've stated this in my posts. When this happens the company will be backed by a lot of bitcoin, however a falling bitcoin price will deflate the company.

So on one hand you're right, but on the other hand you're missing the point of how this operates. The whole fiat system is a Ponzi, just look at how the population are subjugated wage slaves stuck on the hamster wheel unable to get ahead with any savings losing purchasing power year by year. At least btc offers us slaves a way out.

I agree rylidan that this all has a way to go. Trying to time the top is the game, but as you say it could go on longer and higher than people think, or it could end abruptly, noone knows until it happens.

Buried treasure the market understands this business model I'm not sure you do though. The premium is required to allow them to dilute and buy more bitcoin, which supports the market cap. It's forward looking, not current asset based. SWC is in a very enviable position and will no doubt be announcing regular btc buys.

Yes once the btc run nears the end it is the time to get out otherwise you'll watch your gains disappear fast. However btc broke out to new ATH last week so that time is not yet imo and we are still have a good way to go.

Botak you're mad to be short on this. Btc treasury companies are the rockstars of this cycle. There's a time to be short on these and it's when the bear starts, not when btc recently made a new ATH and wants to keep going. Hope you've got stops in place.

Rylidan, thanks for the response, correct I'm looking at risk/reward. Which is most likely to 10x my investment from today given I missed the boat on this. As SWC has already 10x'd then I go with coin which has not had the initial run yet. Coin also has an OTC listing which should support a run and bitcoin analyst James VS onboard with a strong profile in the industry.

Although I do think SWC could also 10x from here again In this cycle. I would say I'm in for a medium term trade rather than short term, bitcoin proxies are a cyclic play only, not a long term hold, just look at what mstr did last bear.

Buried treasure I'm not invested here and won't because it has had a good run and I've missed the meat of the move, but I understand SWC to be following the mstr approach. This warrants a premium over nav as the btc per share grows over time. Just look at what mstr and other btc treasuries have done (and I'm hoping coinsillium does the same as a new entrant). I am watching this closely as an example.

Why not just buy bitcoin? Well the stupid UK government makes it difficult, but you can buy these in an ISA/sipp but not btc. These will likely crash and burn when the btc bullrun ends, but no reason not to take a calculated trade if you feel the price will go up, important to sell though before the top hits. Knowing when this is will be the challenge.

Fr that's a bizzare response, like you don't believe me or something. Not sure what I would have to gain by making it up? Just find your response very odd.

HC, yes agree completely.

SOH, I seem to be very attracted to risk! SWC is the other aquis UK company to have adopted the btc strategy and they have 10x'd. So if that happens i would be happy to buy back here at a premium. But on fundamentals gold miners are a solid play and completely undervalued. Fundamentals ultimately win out, but at what time scale is the unknown.

I did sell some more in 500k chunks so they were probably my trades. I'm not "in the know", I'm just a dumb PI, but saw an opportunity on Coinsillium and wanted to get in on that (taking on a new Bitcoin treasury strategy).

I am frustrated by the lack of newsflow here. This isn't my normal investment sector, so perhaps it is the norm. I've still got plenty of these though and still believe it will ultimately come good, and if my side trade performs like I hope it will I will buy back the shares I sold. This remains stupidly undervalued, but the company does have to let the market know why it is stupidly undervalued and not just update the major shareholders (I'm sure they are getting more regular updates than us).

Saylor will be buying again this weekend and hopefully push the price up. But won't really know until Monday night how we are looking.

But incoming RNS, hopefully sooner rather than later, to disclose the first purchase and kick start the money cycle.

Whatever my thoughts on Malcolm, getting James onboard and joining the hot btc treasury strategy club were very good decisions.

Aquis and OTC volumes yesterday hopefully a sign of things to come, and SWC example sets the tone. It all just feels right.