#bitcoin It is sad day for few when read the news yesterday with the headlines “ Strategy’s valuation has fallen below the value of its bitcoin holdings “ Entreprise mNAV below 1 What does it mean ? Before Strategy BTC holding : $51B Enterprise value : $60B Mnav : 1.18 Now Strategy BTC holding : $50-51B Enterprise value : $50-52 Mnav : <1.0 What the market tell us ? “ our confident on Strategy decrease , just because owning BTC doesn’t mean deserve premium “ Why this matter ?? Strategy is one of Bitcoin’s largest structural buyers . The cycle : stock trades >issues shares >raise billions >buy BTC>BTC price increase >stock premium grow >repeat . When mNAV below 1 , it means it weakens the loop . Instead of crating value , issuing equity will become dilutive because new share are sold for far less than the underlying value . The question : can Strategy funding themself without selling their BTC ??

I am just very happy not to say “ happy birthday “ to any famous people having birthday on social media . Or rest in peace when someone died . Nostr with your key is really represent who you are as a person because there is no social Pressure on how one should behave . The alghoritme is not dictate by the corporate . It’s written by Good conscience of few Programmer that concern how an internet shape our society . And it is in the point of really concerning .

My happy moments Every morning 365 days

How’s the ad revenue in Substack ? Did you get from Subscription ? Writing could be great

Why Damus full Of porn Bot

Apple and egg

#WorldCup2026 🌍 Biggest headlines today * 🇨🇻 Cape Verde makes World Cup history * Cape Verde has become the smallest nation ever to reach the FIFA World Cup knockout stage. * Their place in the Round of 32 was secured after a 0–0 draw with Saudi Arabia combined with other results. * They are now set to face defending champions Argentina in the Round of 32.

Green for your eyes 💚

Where I can buy i without prescription?

Where I can buy i without prescription?