$STRC is Digital Credit for everyone. After one year, it has grown to $10B. It is designed to be high yield (currently 12%), high liquidity ($143M average daily trading volume), and low volatility (10%), trading between $99 and $100. It is supported by strong collateral coverage: $72B of $BTC (6.4X BTC rating) and $6B of USD (3.8 years of dividend coverage). Digital Credit addresses the $300 trillion credit market. $STRC has also become the platform for innovation in the digital assets ecosystem, including yield-generating stablecoins and tokens. These products, built on STRC, have already grown to $500M. Get ready for year two of $STRC. I discuss the potential with @natbrunell.

Got this challenge coin from the SEC today. Love the slogan: “The Best Regs For Your Nest Eggs” and the culture: mission, innovation, and approachability. This SEC has the leadership @SECPaulSAtkins and mindset to help transform U.S. capital markets for the digital asset era.

I lived and worked for two formative years in São Paulo. Brazil has more recently emerged as a leader in financial innovation and DIGY11 extends that leadership into Digital Credit. Congrats @ORANJEBTC.

Today’s announcement marks an important step for The Smarter Web Company. Subject to approval of the Prospectus by the FCA, launch, and all conditions to the Possible IPO being satisfied, we expect the proposed Preferred Shares to be the first of their kind in the UK: a pounds sterling-denominated, London Stock Exchange Main Market-listed perpetual preferred share issued by a UK-incorporated commercial company with a Bitcoin treasury strategy. We have been working towards the Possible IPO for some time, and I am very pleased that we are now able to share this exciting development with our Shareholders. The proposed Preferred Shares are designed to provide an additional source of long-term capital, broaden the range of investors able to invest in the Company and further diversify our capital structure. We believe that by providing a differentiated investment option alongside our Ordinary Shares, we can create a capital structure that gives us greater flexibility to pursue our long-term ambitions through different market conditions. This is a natural next step in our 10-Year Plan and supports our ambition to build a stronger, more adaptable business, combining the growth of our operating businesses with the continued development of our Bitcoin treasury strategy to create long-term value for our investors. LSE: #SWC# | OTCQB: $TSWCF | FRA: $3M8

We hold 845,050 bitcoin, 4% of total supply, and ~20X as much Bitcoin as the next-largest Bitcoin Treasury Company in the world. Our goal is to make Bitcoin accessible to the masses through the capital markets. $MSTR @WOLF_Financial

The top 3 US equity capital issuers this year are powered by AI: SpaceX in space, Google in search, and Intel in semis. Number 4 is Strategy. $MSTR is powered by amplified Bitcoin.

Summer is usually slow, but we’ve been busy @Strategy over the last 2 months: Bitcoin and USD assets are up 34% to $72B, net leverage down to 0%, and back to buying BTC. $MSTR has outperformed BTC and our prefs are paying dividends and up 10%+. Fall could be quite interesting.

MSCI, a $40 billion company, decides by October 16 whether companies holding Bitcoin bitcoin:native can remain in its indexes. Jeff pulled up MSCI’s own balance sheet: • Total assets: $5.6B • Goodwill: $2.9B • Assets net of goodwill: $2.7B • Long-term debt: $6.3B • Net assets: -$2.7B • Leverage ratio: ~230% • Market cap: ~$40B • mNAV: ~-15x MSCI is the 270th largest company, while Strategy $MSTR ranks 240th and holds ~27x the liquid assets once goodwill comes out. "I think there might be a tiny tinge of jealousy here of those companies trading relatively close to each other." - @PunterJeff