sleepydragon

Sold UBER, LVMUY, META, COIN, NVDA put

Curious how brk is going to be affected by this? Will brk be a forced buyer of the remaining rail or be a bargain buyer of the forced seller? And seems this might take at least a year to close if any deal is announced? What if brk sit still?

What does people think about buying the stock of Galaxy digital? They are able to execute billion dollar trade on bitcoin, and is investing in ethereum and bitcoin treasury companies. I checked their website, and they are essential the market maker for crypto now (seems to me), and they also do prop trading, which I bet should makes a lot of money. Earning is negative though -- I haven't looked more into it .

It’s not going to zero. Bankruptcy filings says the business is worth 70 cents. I would rather buy it at $1..

Bought a tiny bit of Wolf A few days ago bought a biotech MLYS

I tripled my sbet position yesterday and today covered my ill fated nvda shorts. Bought BMNR after hour

Etha

I sold a bit long dated OTM puts on BNTX.. pocket changes money really

ASTS too! I posted that one

will WEB announce anything on his birthday?

My wife just listens to Bloomberg radio on her way sending kids to school, and come back ask me to buy the next hot stock . Lol Eth has a few things going on. Besides stablecoins and new treasury companies forming, ETH etfs is also coming shortly. so doesnt hurt to put some pizza money in it. (correction: Eth ETFs are already trading. Shows you how little I know about these things)

Yeah. Wife orders me to “only buy stocks that will double tomorrow “ thus I created a “wife basket” and have been buying bubble stocks. i will be the smart one in the house again when “wife basket” lose money (except it has been doing very well lately..) i bought a small amount. I think with the successful ipo of circles, there will be more stablecoins, and stablecoins is linked with ethereum ecosystem. During the last week, there’s like 3-5 companies converting into Ether treasury company, buying up all the supplies of ether. I wonder if they are talking to each other and doing this at the same time to pop up ether. At the same time, bitcoin is losing a bit momentum during the last few months.. for bubble asset, momentum is the fuel. And the real threat to bitcoins might be people migrate to ethereum.

Bought LQDA

bought a bit SBET

being centralized planned and a rubber stamping system, all plans appear supremely smart. But execution is watered down and such plans are carried out so that everyone can get a bit of money from the action.

Why are energy companies stocks in particular OXY surging today? I don’t find any news

Bought some BTBT

1. I feel preferred are mostly owned by hedge funds (like pentwater , would said they own 1.7b ), and commons are mostly retails . There’s a guy on twitter called F2 who’s doing some sort of champagne on behalf of retail investors 2. this administration is not share of political hot potato at all. They thrive from them, imo..

What does experts here think about Ethereum vs Bitcoins? It seems with Circle IPO, stablecoins will grow more, and Tom Lee has a good point that that may create more demand for Ethereum. In addition, the ether spot ETFs are coming. With BMNR/SBET/BTBT trying to become the MSTR of bitcoins, these seem a good bet? On the other hand, MSTR is trading an very high valuation(though maybe not as high as BMNR on mktcap/nav), and bitcoins have had a very good run.

Anybody has opinions on Hut 8? they are spinning out /carving out American Bitcoin, which is going to 80% owned by Hut, 20% owned by Eric Trump, and about 2% owned by existing shareholders of GRYP. GRYP now have mktcap of close to 100M after went up 7x during the last 3 months, on this news. 100m gives an implied valuation of the new company of $5bn, and Hut’s current mktcap is $2.5bn despite have 80% ownership. What I found interesting is that , when the American Bitcoin starts trading, the only float trading is the 2% shares of the GRYP shareholders, so i think that will be what the new company going to be trade at , which means $5bn mktcap as of yesterday’s GRYP. so, it seems a pretty good deal to buy HUT? Certainly, on the other hand, GRYP probably shouldn’t trade at 100m mktcap , because it seems $5bn mktcap for the company doesn’t seem make sense. Yet, to quote my wife, what I found don't make sense always go up, a lot!

insane

Anyone know why all insurance companies are down a lot today? berkshire, fairfax, pgr, cb, ajg, bro all negative. they have nothing to do with health insurance

BLDR wife was driving by a new house being built yesterday and was surprised they got a top section of the house done in a couple of days. She says she saw them using a pre-built frame directly.. i thought this is exactly what BLDR had talked about they are doing in their earning calls about their value add products.

what does this means for GLD? are you saying this is bullish for crypto or gold? Thanks!

Gosh, i am studying metaplanet. So they sell puts on bitcoins, and they sell stocks (plus 0 interest debt, maybe it’s a convert) to fund bitcoin purchases. this is insane! Maybe i shall do this on my brk positions.. anyway, one question: if bitcoins just keep going up, or say it always bounce up above the strike of the puts sold by metaplanet, that could be a problem? it does seem metaplanet’s strategy is a bit smarter than MSTR, because it harvests the volatility of bitcoin. It’s actually a bit more conservative? Am i right?