You can be a fisherman with a rod. Stay near the surface, wait for movement, and catch individual opportunities. Sometimes small fish. Sometimes a big one. You can get more sophisticated – cast nets, widen your reach, learn to process more signals. There’s nothing wrong with that. Trading is a craft too. But I’m increasingly interested in a different level of the game. Not just watching what happens on the surface, but studying the deep currents underneath. Imagine enormous underwater turbines. They don’t try to profit from every individual wave. Their job is to be positioned in the right place and harness the energy of a massive, persistent current for years. That’s increasingly how I think about long-term strategic investing. Beneath the surface of the market, enormous flows of capital are constantly moving. Infrastructure changes. New financial rails emerge. Capital gradually moves onchain. Some assets lose relevance, while others become foundational pieces of a new economy. At the same time, traditional money keeps being debased. Over short timeframes, most of this is almost impossible to see. There’s simply too much noise. But over 5, 10, or 20 years, these are exactly the kinds of currents capable of powering the biggest turbines. That’s why I’m far more interested in finding the assets and infrastructure positioned inside these deep capital flows than trying to predict the next candle. Fundamental protocols. Productive assets. Dividend and cash-flow mechanisms. Networks through which an increasing share of economic activity may eventually flow. And above them sit the enterprises – onchain companies and funds. The turbines beneath the surface extract energy from the movement of capital. The enterprises turn that energy into cash flow, rewards, yield, and growing equity. And the most interesting part? I don’t think the major repricing has happened yet. This may not even be about another crypto cycle. It may be about the first major global repricing of onchain financial infrastructure as a real component of the world economy. A fishing rod catches fish. A net catches more fish. I’m more interested in understanding where the ocean itself is flowing – and placing the turbines there. @theholding_

Excellent overview. As mentioned earlier, 🟦 Substantia Core Fund is gradually moving its Bitcoin and ETH from Aave to LlamaLend @llamalend Moreover, all future ⬜️ The Holding @theholding_ strategies – as well as all new onchain companies built by The Holding at – that use collateral assets like BTC & ETH for borrowing will be built on top of LlamaLend. Why? Because its liquidation-protection mechanics are highly attractive and help reduce risk. And for us, risk reduction is a priority. Every decision is thought through carefully, in detail, and with a long-term view.

Interesting move. 🟩 Defitea Yield Fund has also been using a DCA strategy since 2025 and much more actively in 2026 to accumulate CVX @ConvexFinance , FRAX @fraxfinance , and a range of other assets with strong long-term potential that are still trading near historically low levels. • Interesting times create interesting opportunities. And by the way, the next personal digital company built turnkey by ⬜️ The Holding @theholding_ will have CVX on its balance sheet. More details soon. •

🟦 Substantia Fund continues migrating its BTC position from Aave to LlamaLend @llamalend The Health Factor is now much stronger, giving the position a significantly larger safety buffer. Combined with LlamaLend's liquidation protection, the overall structure feels even more resilient. And the borrowing rate is another nice bonus – it's significantly lower than on Aave.