Radu retweeted
Strategy tracking day 635
$MSTR now ranked 169th largest US company by market cap. Jumped 141 places in the last 49 trading days. $70.8 Billion market cap.
14th largest publicly traded equity by volume. Yuge day, $6.9 Billion traded.
Passed toothpaste, Target & Carvana in the crosshairs.
For context $CVNA has $4.6B in net assets (vs $MSTR $59 Billion). Carvana is trading at 16x Price to Book Ratio, $MSTR trading at ~1.4x P/B ratio.
Efficient markets hypothesis 🤷♂️
Strategy tracking day 586
$MSTR now ranked 310th largest US company by market cap. Fell 77 positions in the last 27 trading days.
Back in no man’s land of the top 500 US companies.
For comparison sake:
$VG Venture Global, holds $10.7 Billion in Net assets, generated $4.8 Billion in net income last year.
$VG is 73% leveraged on debt relative to their Property / Plant / Equipment assets
Trading at a 3.1x Price to Book ratio.
—————-
$MSTR holds $56B in assets ($53B BTC / $3B cash)
Has $22B in notional O/S Debt / Credit ($6.7B debt / $15B credit)
If you net out the Debt and Pref notional, $MSTR is holding $34 Billion in net capital.
—————-
Twilio $TWLO has $7.7B in net assets, had net income of $250 million, trading at 4.2x price to book, 326 P/E.
AND 55% of Twilio’s net assets are GOODWILL. ($5.2B / $9.5B)
If you back out Goodwill, Twilio has net assets of $2.5 B ($4.3B assets -$1.7B liabilities).
*Goodwill adjusted Price to Book Ratio of 13.2x*
—————
Jabil $JBL, if you back out goodwill and intangible assets has more liabilities than assets, and $1B of net income.
Radu retweeted
2024年4月23日、メタプラネットは1株あたり約48サトシ。
当時約2,083,334株で1BTC相当。同じ株数を持ち続けた場合、今は1株約2,866サトシ。
つまり約59.7BTC相当。約60倍。株数は併合と分割でほぼ相殺。増えたのは1株あたりのBTC。
これらは、Metaplanet Analyticsのウェブサイトで直接確認できるデータです。
#メタプラネット #ビットコイン 3350 #Metaplanet
2024年4月23日時点のメタプラネットは、1株あたり約48サトシ。
1BTC＝1億サトシなので、当時は約2,083,334株で1BTC相当でした。
今は約2,866サトシ/株、約34,892株。保有量の増加と希薄化の両方を見る指標。
興味深い見方だと思いませんか？
#メタプラネット #ビットコイン 3350 #Metaplanet
Radu retweeted
Bitcoin related infrastructure was a key thing to test for before rolling out the recent AI models.
Why didn't Glasswing help prevent the Coldcard incident @DarioAmodei?
It was a big miss and should be treated as such.
xitter.cf/AnthropicAI/status/204…
Introducing Project Glasswing: an urgent initiative to help secure the world’s most critical software.
It’s powered by our newest frontier model, Claude Mythos Preview, which can find software vulnerabilities better than all but the most skilled humans.
anthropic.com/glasswing
Radu retweeted
If Bitcoin doesn’t succeed in the long run, then that would invalidate every decision I ever made regardless of the outcome, since every decision was made based on that understanding.
It would mean I was shooting in the dark and occasionally hitting stuff, which would be sad.
