Cryptocurrencies

[fareastwarriors]

6 hours ago, Longnose said:

Yea, one of the biggest gripes i have with my company is that I cant invest my 401k the way I want. There are very few options that have minimal fees. 

 

Depending how big your company is, you can always advocate for certain funds to be added. Many times, the random HR person assigned to plan administration has no idea and just accept what the salesperson recommend... 

 

If you need help advocating for changes, go to the forums at  bogleheads.org and get their advice. Start a thread. I definitely seen older threads on it. 

 

.

All the companies I worked for had great 401k plans... and had many low cost options. However there were no single stock brokerage windows or loans, but that is probably better for the Average employee. Those features can be detrimental to long term compounding... 

[CS]

Deregulation, wishful thinking, leverage, crash. 

[Longnose]

On 8/8/2025 at 5:33 PM, fareastwarriors said:

 

Depending how big your company is, you can always advocate for certain funds to be added. Many times, the random HR person assigned to plan administration has no idea and just accept what the salesperson recommend... 

 

If you need help advocating for changes, go to the forums at  bogleheads.org and get their advice. Start a thread. I definitely seen older threads on it. 

 

.

All the companies I worked for had great 401k plans... and had many low cost options. However there were no single stock brokerage windows or loans, but that is probably better for the Average employee. Those features can be detrimental to long term compounding... 

Its a good sized company, it was public a few years back and got taken private during covid. I've voiced my frustration to our head of HR. 

 

To be fair its not terrible. I guess id say id prefer more control. I basically have it all in the SP500 equivalent but the fund has slightly higher fees than i could get outside the 401k vehicle. but its very marginal (less than 1%). 

[Rainier]

Does anyone know why KWM is down today?

[gfp]

1 minute ago, Rainier said:

Does anyone know why KWM is down today?

 

I don't know the first thing about the company but it seems like there was a registration statement filed Friday to sell up to 14.6 million shares?

 

https://www.sec.gov/ix?doc=/Archives/edgar/data/2000756/000182912625005947/kwavemedia_f1.htm

[Paarslaars]

15 minutes ago, Rainier said:

Does anyone know why KWM is down today?

Because it is NOT a BTC treasury.

They jumped on the band wagon without proper commitment nor execution.

[Rainier]

15 minutes ago, gfp said:

 

I don't know the first thing about the company but it seems like there was a registration statement filed Friday to sell up to 14.6 million shares?

 

https://www.sec.gov/ix?doc=/Archives/edgar/data/2000756/000182912625005947/kwavemedia_f1.htm

Thanks

[TwoCitiesCapital]

On 8/8/2025 at 6:33 PM, fareastwarriors said:

 

Depending how big your company is, you can always advocate for certain funds to be added. Many times, the random HR person assigned to plan administration has no idea and just accept what the salesperson recommend... 

 

If you need help advocating for changes, go to the forums at  bogleheads.org and get their advice. Start a thread. I definitely seen older threads on it. 

 

.

All the companies I worked for had great 401k plans... and had many low cost options. However there were no single stock brokerage windows or loans, but that is probably better for the Average employee. Those features can be detrimental to long term compounding... 

 

I joined the HSA committee to provide investment expertise on their line up. I was part of a single meeting before the whole committee was disbanded and responsibilities handed over to non-investment professionals in HR using some third party consultants

[Paarslaars]

Bessent announced the US will not be buying bitcoin. Probably a good thing in the long run for BTC, not for the US though.

[TwoCitiesCapital]

15 minutes ago, Paarslaars said:

Bessent announced the US will not be buying bitcoin. Probably a good thing in the long run for BTC, not for the US though.

 

In other words, things remains exactly as they have been for ~15 years

 

I figured they'd find some accounting shenanigans when they mentioned doing so in a 'budget neutral' fashion - similar to Mexico paying for the wall and massive tax cuts closing the deficit - but I guess this was a bridge too far. Was surprised to see the new administration seemingly so open to accepting  BTC when it has the most to 'lose' from it's adoption - should've known it was really just an embrace of shit coins so the Trump empire could enrich itself. 

 

https://www.wsj.com/finance/currencies/trump-family-crypto-1e7ab14a?gaa_at

 

 

The best thing the US government could do for its citizens is to close the deficit by raising taxes, closing loopholes, ending corporate welfare, reasonable benefits reduction, and ending our constant overseas conflicts/funding of conflicts. Do that for a decade and let's re-assess where we stand. It won't happen though - why do what's right when you can use the authority/power to enrich yourself?!?

Edited August 14, 2025 by TwoCitiesCapital

[Fly]

https://www.dlnews.com/articles/people-culture/bo-hines-exits-white-house-crypto-post-amid-bitcoin-mystery/

[Dave86ch]

Yesterday

Today

 

 

 

 

 

Probably created some buying opportunities for Bailey’s and its Nakamoto.

 

 

Edited August 15, 2025 by Dave86ch

[jfan]

This is a new research paper from the Journal of Economic Behavior and Organization on Miner competition and transaction fees. It gives confirming evidence that as block rewards go down, total transaction fees per block move upward by miners including more transactions within blocks as well as more miners coming online.

 

The interesting finding was that incumbent miners deliberately assemble blocks below the block limit to deter new entrants into the mining space by reducing total transaction fees available because there is a cost to enter the mining space. This lowered total fee makes it harder for new entrants to justify their cost to compete, allowing the incumbents to maintain their monopolistic positioning. From this the average fee paid per transaction remains the same, but the incumbents deal with decreasing block rewards, by introducing more transactions into the block.  

Miner competition and Transaction Fees.pdf

Edited August 17, 2025 by jfan

[TwoCitiesCapital]

https://cointelegraph.com/news/lessons-learned-university-bitcoin-class

 

Not that a college course, unto itself, means anything. 

 

But for the naysayers, and out of genuine curiosity for myself, has there ever been any other bubble that launched its own university-level courses? 

 

There could always be a first, but I think it's a testament to longevity/staying power of Bitcoin and this is a demonstration of further shifting narratives and long-term adoption. 

Edited September 9, 2025 by TwoCitiesCapital

[Gregmal]

Ripple tendering for their own shares once again, this time at $250 per share. Probably setting the stages for a Q1 IPO.

[Kizion]

6 hours ago, Gregmal said:

Ripple tendering for their own shares once again, this time at $250 per share. Probably setting the stages for a Q1 IPO.

 

Just curious, how much % of your stake can you actually sell during these tenders? (assuming it's limited/oversubscribed and that you are a seller). 

 

Probably somewhere posted here, but how did you obtain these shares? 

 

Thank you! 

[Gregmal]

6 hours ago, Kizion said:

 

Just curious, how much % of your stake can you actually sell during these tenders? (assuming it's limited/oversubscribed and that you are a seller). 

 

Probably somewhere posted here, but how did you obtain these shares? 

 

Thank you! 

The old fashioned way is via private placement but now you can fairly easily participate via secondary market or platforms like EquityZen or Forge Global. 
 

The past half dozen or so tenders from Ripple have been for 6% of shares outstanding, each.

[thepupil]

13 hours ago, Gregmal said:

Ripple tendering for their own shares once again, this time at $250 per share. Probably setting the stages for a Q1 IPO.

[rkbabang]

"Strive Asset Management to Acquire Semler Scientific, $567 Million in Bitcoin in All-Cash Deal"

 

SMLR shareholders will get 20.05 shares of ASST for every SMLR share.  At ASST current price of $3.90 (it closed at $4.30 yesterday) that is $78/sh and SMLR is still trading right now in the low $30s.  I owned a few shares of SMLR already, I just bought some more this morning.

 

[TwoCitiesCapital]

1 hour ago, rkbabang said:

"Strive Asset Management to Acquire Semler Scientific, $567 Million in Bitcoin in All-Cash Deal"

 

SMLR shareholders will get 20.05 shares of ASST for every SMLR share.  At ASST current price of $3.90 (it closed at $4.30 yesterday) that is $78/sh and SMLR is still trading right now in the low $30s.  I owned a few shares of SMLR already, I just bought some more this morning.

 

 

Why the large disconnect in share reaction?

 

Surely shareholders will accept a 100% premium to the lookthru BTC to gain shares in another BTC Treasury co? 

[gfp]

6 minutes ago, TwoCitiesCapital said:

 

Why the large disconnect in share reaction?

 

Surely shareholders will accept a 100% premium to the lookthru BTC to gain shares in another BTC Treasury co? 

 

From the looks of Interactive Brokers, ASST is "not shortable"

 

[rkbabang]

35 minutes ago, gfp said:

 

From the looks of Interactive Brokers, ASST is "not shortable"

 

 

Interesting. Given 1 share SMLR = 20.05 shares ASST, ASST=$4 implies SMLR=$80.20, but SMLR=$32.20 is valuing ASST at $1.60.   That is quite a bit of a spread.  I'm betting the value is somewhere in the middle.  You can't short ASST, but current ASST owners should absolutely sell ASST and buy SMLR.

 

[TwoCitiesCapital]

We'll see. 

 

Threw some beer money at SMLR $40 calls for December expiry. 

 

 

[rkbabang]

18 hours ago, TwoCitiesCapital said:

We'll see. 

 

Threw some beer money at SMLR $40 calls for December expiry. 

 

 

 

I ended up doing the same, as well as buying some common.

 

[TwoCitiesCapital]

Anybody have any reckoning for why Bitcoin mining stocks are up so much in the last two weeks? 

 

Crazy to me to see 40-50% rallies in names like Cleanspark and Marathon while crypto prices languish. They've traded like crap all year despite BTCs ATHs and then suddenly pop 50% on no news?