Mainly thoughts on SPACs

Joined March 2021
Next Wednesday the artificial floor under $CCXI will fall, and it will go down fast. This isn't a joke or reverse psychology. It's a warning. You shouldn't hold a position you aren't comfortable seeing an immediate 25% drop in. It might bounce back fast. It might bounce back slow. It might keep going down. But if you have decided that you will sell if it drops, you should just sell now or redeem. Because it will happen. Save yourself that pain and put your focus elsewhere. It will have it's day, but it may not be anytime soon and it may not be from the current price.
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StoneX says the market has $GLXY all WRONG! It reiterated Buy with a $57 price target after the stock fell ~30% in two weeks to a 52-week low of $15 The selloff is about CoreWeave, the only signed tenant at Galaxy's Helios data center. CoreWeave's bonds yield ~15% and it had $35.6B of debt at the end of June Analyst Mark Palmer says "the market has concluded that a landlord to a stressed neocloud deserves to trade like one," but that ignores how much the math works in favor of Galaxy shareholders He thinks the stock undervalues Helios and gives Galaxy's digital asset business basically no value He also thinks the CoreWeave risk is overstated. Its backlog nearly quadrupled to $104B in five quarters, GPU rental rates are firm and demand still outstrips supply I agree with Palmer and think that $GLXY is an absolute steal at these prices
Incomplete data is the reason the markets have overblown the CoreWeave risks This will be fixed soon, but the opportunity remains until 2 VERY important developments happen 1. Quarterly financial reporting from OpenAI and Anthropic 2. Better tracking of GPU / compute pricing Nebius just gave us the first version of their own spot GPU pricing across various regions and models The more actual data the market has, the better the market can forecast and model and the less irrational the market becomes I think the Coreweave scare is overblown and it's happening because the market has incomplete data about AI revenues from the 2 most important companies and incomplete data on the pricing and longevity of compute Of course, this is a nascent market so this is all part of the process. It's also a big reason why we still get incredible buying opportunities for companies like CoreWeave and Nebius, as the market confuses its forecasting and overstates the risks Once we get quarterly reporting from the AI labs and clean GPU pricing data globally, the alpha will no longer exist and the opportunity in the compute market will be a lot less interesting In the meantime, as investors, we need to take advantage of this opportunities while we can! This is exactly why I bought $NBIS last week and sent a signal to our Milk Road PRO members to accumulate at $164. You can see what else I own in my portfolio here: link.milkroad.com/t5837z
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SPAC Thoughts retweeted
$CCXI While everyone is worrying about the short-term price action, I want to remind you that Digit has no competition. We are so far ahead of everyone when it comes to actual commericial viability. This is what actually matters when mass producing a useful product at scale. This is something that Jonathan Hurst (Agility CTO) also recently commented on. Digit remains the only humanoid robot to have passed an independent field evaluation by an OSHA recognized Nationally Recognized Testing Laboratory (NRTL) on an active customer production line. The reality is that no other humanoid robot currently matches Digit v5's combination of independent, OSHA-vetted functional safety hardware and commercial deployment runtime.
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SPAC Thoughts retweeted
JUST IN: 🇨🇭 Switzerland officially approves its first spot Bitcoin ETF for retail investors.
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SPAC Thoughts retweeted
$GLXY | StoneX 𝗿𝗲𝗶𝘁𝗲𝗿𝗮𝘁𝗲𝘀 𝗕𝘂𝘆 on 𝗚𝗮𝗹𝗮𝘅𝘆 𝗗𝗶𝗴𝗶𝘁𝗮𝗹, PT $𝟱𝟳 Analyst sees the selloff as overlooking Galaxy Digital’s situation and math that favors shareholders.
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SPAC Thoughts retweeted
$BKHA There were 2,124,077 shares subject to possible redemption. Shareholders elected to redeem 2,089,162 shares of Class A common stock in connection with the meeting. 31,915 shares remain in the public float.
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SPAC Thoughts retweeted
$BKHAR Not sure why no one’s going absolutely nuts on these. (TBH, the order is taking forever on Schwab to fill at ask)
I would like to remind everyone that $BKHAR convert 1:1 to $BKHA at merge. $BKHAR currently 1.70
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SPAC Thoughts retweeted
I would like to remind everyone that $BKHAR convert 1:1 to $BKHA at merge. $BKHAR currently 1.70
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SPAC Thoughts retweeted
BREAKING: 🇺🇸 White House Director Patrick Witt says they are exploring ways to buy more Bitcoin for the US Strategic Reserve. You are not bullish enough.
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How much money will $GLXY make when BTC is back close to ATHs by EOY Not to mention ETH and their other holdings Don’t even need to talk about the data center side (15 year lease worth more then current market cap) Recognize the mispricing and seize the opportunity
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Imagine what would happen, if a mag7 company like $NVDA, $META or $SPCX bought the majority stake of $CRWV. Would $GLXY benefit from this scenario? No copium here. Not saying it will happen. Just a thought.
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SPAC Thoughts retweeted
Credit cards? Come on now. $CCXI $AGLT has a much better way to raise funds to make more Digits
I had Grok analyze the $CCXI $AGLT investor presentation from this week. Do you realize that to fulfill their $300m in orders they will need to finance over $2B to build the robots, probably on credit cards?
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Andraya Carter is absolutely correct here and I’m pretty sure most Liberty fans can confirm that Sab,Stewie and JJ have taken more responsibility & heat all season. While Chris Demarco seems to shy away from it and has allowed his players to “step up” for him. He’s not a leader
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$CCXI I would not fade it
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$CCXI read April 9, 2026 closely. this is when SEC declared Form S-4 effective for BRUN. Stock ran $10 on April 9 to $40 read third picture — on exact sequence of price pops
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$GIW $WQEY $LAES 🤝✅ OFFICIAL DA: Quantisimo Corp., the Pure-Play Sovereign Quantum Vertical Platform Formed by WISeQey and SEALSQ, Signs Definitive Business Combination Agreement with GigCapital8 Corp. to Become a Nasdaq-Listed Public Company globenewswire.com/news-relea…
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JUST IN: TD Cowen raises Bitcoin's 2029 target price to $280k. 240% upside in 3 years! 🚀
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You don't often see a firm initiating coverage on a SPAC before its merger closes. Props to Jones for initiating on Inflection Point Acquisition VII $IPXG, which is merging with drone company Elroy Air $ELRY. It's trading well below NAV here. Disclosure: Long
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