Strategy has sold 3,588 $BTC for $216 million to fund dividends on our Digital Credit securities. As of 7/5/2026, we hodl ₿843,775 in our BTC Reserves and $2.55 billion in our USD Reserves.

$PLTR OMG. NEW FAIR VALUE: $341 That's my new estimate after Alex Karp's comments on CNBC, targeting $15-18 billion in FCF in two years. It looks like an INSANE fair value until you unwrap what $15 billion in FCF entails. I explain everything here:

Not massive in size. That was confusing for me to post. It's massive because $NBIS is the exact company that is going to thrive in this anti-US tech angst that has come over the EU. We've seen them with similar UK and Finland agreements over the past few months, and I believe they are, more than any other company, going to dominate Europe's inference demand. This is also unlikely to be disrupted no matter what the plans of $META etc are, due to the anti-US tech wave. When I initially invested with Nebius, that was part of my thesis, though at the time the company was primarily focused on the US.

$NBIS SIGNS 18 MW CAPACITY AGREEMENT IN SPAIN 🇪🇸 Spanish newspaper El Mundo reported that Nebius agreed to the capacity with Merlin in Madrid This marks the 5th European country Nebius will plant its flag

$HOOD This is one of the weeks where I'm not selling covered calls on Robinhood. Their World Is Flat event is this week, and we usually see a nice little pop around these events. Couple that with some very healthy stock price action and a number of underlying catalysts that I don't think that the market is fully priced in, and I would rather punt this week.

$CRWV The $META fears are overblown. I'll be adding aggressively (via options) to CoreWeave. Here's why: 1⃣ CoreWeave's $35b contracts with Meta are through Dec 2032. These are explicitly take-or-pay. This is guaranteed revenue. 2⃣ These are just rumors of selling "excess" capacity. Per Zuck in May, companies were "asking if we have compute that they could buy from us at some premium to what we've bought it at." IE, this is them selling capacity they bought from NBIS and CRWV at a premium, if they have extra. 3⃣ META is constrained already. Google limited Meta's usage of Gemini back in March, which likely led to the two contracts with Nebius and CoreWeave over the following 45 days. 4⃣ Even IF Meta does a pivot and begins a data center play, their model (per the rumors) appears to be AWS-like. Per the Bloomberg report, "Meta would run the data centers and chips that power the models, including its own Muse Spark models, and charge developers to access them." If this goes wildly successful for Meta, you know what they'll need beyond 2032? Compute. Lots of it. Likely more than they are able, willing, or wanting to build out. What kind of compute will you want in that scenario? Bare metal compute. IE, CoreWeave.