Mohammed El-Arian who used to be the head of Allianz (I think he is the head of Oxford or Cambridge, I believe) always said that Bitcoin was a liquidity sponge. A pure risk-on instrument. I wonder why the FOSS tweet spelled everything correctly except for the word bot instead of bought?
Greg Foss is a retired bond trader (30 years) now a full time bitcoiner, maybe nothing or maybe intentional The original msr convertible debt size was $1.7B, and was increased to $2.6B due to too much demand, and with $400M extra, finally got to $3B oversubscribed Finding out Allianz took 25%, I mean what kind of aggressive push did they do to get that much out of the pie? Crazy
He and his crew have been doing the mstr trades since last cycle and on one of the Twitter spaces, he mentioned he was (and probably still is) the biggest individual (retail?) provider of mstr shares to the borrowers (shorts), Fidelity would contact him directly He somehow was able to use the information to get out near the top of the last cycle... made "generational wealth" On the episode 6(?) of QuantBros true north, he mentioned he does not know all the greek complexities of options He telegraphs the options buys a day or 2 on Twitter, which best I could see is just selling the lower options strikes and smash buying the highest options strikes that just opened I think he's been buying the 960's or even above 1000 strikes, I haven't looked at what had been opened recently 9 figures worth of options mostly in retirement accounts non-taxable trades, he will be a billionaire at the end of this cycle Climb the Ladder is a younger fellow (I think), turned $200k to over $30M (so far $34M account screenshot) in the latest run up I personally enjoy the Joshman videos, so calm, so down to earth, midwestern or southern accent, ex-Solomon Brothers bond trader All of the above traders seem to understand the existential risks, everyone as far as I can tell are playing with house money aka profits, and have secured the bag plus taxes, do not risk the base
Leveling up my learning. @johnarb any other resources come to mind that you haven’t shared already in this thread? my primary MSTR feed is the list ”Irresponsibly Long $MSTR”
Wow, first time I've seen that tweet with all the mstr resources, thank you! I'm not short-term trading mstr or mstr options, pretty much the news and development are noise to me to some degree, but in many ways signal of my long term mstr trade thesis progression I've been bullish on mstr since I purchased the leaps during the bear market (6/22) that gave me profits to play the early 2024 mstr run up and I started the thread asymmetric risk-reward trade mstr, a 2-part parlay $160k to $10M The key which is playing out nicely now (it was very negative m2m for many months ) is the 1st part utilize the bull market to cashout fiat 2nd half of next year Afterwards, purchase 1,000 shares (will be split-adjusted if any occurs) and hodl for 5-10 years until worth $10M I watch the QuantBros on youtube and , Tim's channel I posted 3 years ago the video from Blockworks discussing mstr which got me orange-pilled on mstr, the discussion is still valid even after 3 years I can post it again, if you have not seen it [on-topic, I put a short-term options position last week during the major dip, just too much excitement I'm missnt out on Jan2025 calls 600]
I have not. I started building a position in MSTR when it was < $100. Wish I was more aggressive. On another note, it’s interesting that Vanguard (definitely not orange pilled) has built this position in MSTR I’ll check out the other thread, thank you.