SD retweeted
How deep does the rabbit hole go? We need more eyes on @gerovich investigating his actions.
Gerovich directly or indirectly owns a majority of the voting rights in MMXX, a Cayman Islands venture which sold Metaplanet shares throughout 2024 and 2025 (see image below).
In other words, while Metaplanet was selling shares into the market, MMXX was doing the same, compressing mNAV and hurting Metaplanet shareholders.
Depending on Gerovich's economic interests in MMXX, he may have been benefiting from the MMXX sales at the expense of Metaplanet shareholders.
Not only was Simon benefitting at the expense of shareholders from the hard-to-find anti-dilution clause, but he may also have been benefiting at the expense of shareholders through MMXX.
Simon recently posted that he has never sold a single Metaplanet share. Has he been selling through MMXX this whole time, however?
The more eyes we can get on this, the better.
@ZynxBTC @RoaringRagnar @mc_khristina
Credit to @727jht for some top tier research.
teapaw.org/727jht/status/20948276…
SD retweeted
Unfortunately some bad news.
MSCI appear intent on removing $MSTR from their indexes.
Strategy is specifically named in their own consultation document.
The August consultation proposes screening out non-operating companies from the Global Investable Market Indexes.
First a core screen on operating assets, then five financial ratios where failing four out of five means ineligible.
The five, at the softer thresholds applied to existing constituents:
1) Operating asset intensity below 10% of total assets.
2) Operating expenses below 5% of total assets.
3) Operating cash flow below zero.
4) Non-operating fair value changes above 5% of total assets.
5) Financing cash flow above 30% of total assets, combined with filings showing capital raised for asset accumulation.
MSCI ran the simulation as of May 2026.
Three deletions from ACWI IMI:
-Strategy, USA
-Yellow Cake, UK
-Metaplanet, Japan
Constituents are only deleted after failing two consecutive annual filings. Strategy is in the deletion column, which means MSCI have already concluded they fail on both.
Timeline:
-Feedback closes 30 September.
-Results by 16 October.
-Implementation at the November 2026 Index Review.
The difficult part is that the ATM model itself triggers the capital dependence flag. Raising equity to accumulate Bitcoin is the strategy and that is what the screen is designed to catch.
Buybacks, USD reserves and retiring converts do not fix any of these five ratios.
The consultation is open until the end of September. Ultimately $MSTR will succeed without them.
SD retweeted
well this is kinda crazy
the thing about @saylor announcing new BTC sells that stood out was the second tweet listing all the dividend obligations for $STRF $STRE $STRK $STRD & $STRC
everyone knows about STRC but i didn't know there was 4 other preferred stock series issued by Strategy
so i looked up the first time he ever mentioned the term "digital credit" because it seems like that's when things started to go downhill
Aug 8th was the first mention and bitcoin:native price was $117k
that's when the strategy shifted from pure BTC accumulation to creating a lineup of digital credit like dividend instruments
and it basically marks the pico-top of this cycle💀
SD retweeted
in 20 days we went from "sellers have run out" to "saylor should sell"
An $MSTR bloodbath.
The right move may be to sell a small amount of BTC this week or tap the USD reserve to pay the STRC dividend.
SD retweeted
There's literally 10x more people tweeting this than trading. You can't make this stuff up. Instead of breaking the internet, have you considered using the chain?
This quoted post is unavailable.
The market cap is 30x since 2000. companiesmarketcap.com/newmo…
16
801
SD retweeted
Cardano is a dying project. Daily active users are at a 5 year low.. YOU GUYS don't even use Cardano
SD retweeted
i have the terms & conditions of the Attain Corp's ADA pre-sale.
early sales are for ADA, no mention of vouchers.
only in 2016 does the terminology "ADA VOUCHERS" appear.
your move charles.
The context that keeps being missed here is the assumption that the Genesis UTXOs were accounts belonging to the Ada voucher buyers like a normal Byron address.
They were the last stage of redemption where the buyer would use information from the AVVM process and a recept in their email to reconstruct the private key and vend the Ada to a normal address they own and solely control. Every Genesis redemption uxto maps to a KYCed buyer. This allowed attain and the TGE to track who redeemed and got custody and who didn't.
After years and during the Byron to Shelley transition, it became clear that it made no sense to permanently preserve an onchain redemption mechanism for every wallet to support forever given its a legacy subset of users and also there was a high probability that the remaining unredeemed buyers either didn't know how or lost the ability to redeem.
So the redemption mechanism changed from onchain to offchain via the sweep. You're representing this as stealing funds. The buyer hadn't redeemed their funds. That's the entire point of the sweep.
This action was also taken for security reasons. Due to the closure of Attain, it was an open question if the original redemption mechanism was still secure. As the original buyers seemed unable to redeem, there was a growing probability that someone could have used social engineering or some attack vector to steal the funds.
The sweep reset the process and ensured all the remaining unredeemed buyers had an opportunity to go through compliance again to match them against the original sales data. This took years, local lawfirms, exchange partners, and great expense, but significantly reduced the risk of fraud.
The point of a closing audit report is to explain all of this and verify the claims systematically. Instead of waiting, you continue to slander and defame without any meaningful context or evidence. This is malicious behavior and has to stop. Wait until the audit report comes out and then comment.
SD retweeted
@SuibaOnSUI is talked about in the sky on any given day. First trading bot and early meme on @SuiNetwork.
50k bot users and counting
Bot: t.me/suibainu_bot?start=ref_…
Ca:
0xed4504e791e1dad7bf93b41e089b4733c27f35fde505693e18186c2ba8e2e14b::suib::SUIB
Currently at 2.3 million
