2/18/25 - $xyz - Starting position... 4 satoshi2/18/25 :: VROCKSTAR :: NYSE:XYZ
Starting position... 4 satoshi
- look, this is a lil weird (hey. that's me), but as someone as many of you know, is v close to the bitcoin community, this particular message... was... let's say... convincing.
x.com
- imvho, jack is satoshi, or let satoshi use him as a decoy and therefore likely knows satoshi
- as someone who's followed jack for the last many many years, i respect his work tremendously.
- i have my issues w/ cash app, think there are many shortcomings of the payments business here... but ultimately think that vision and leadership and foresight will prevail
- stock based comp defn factors here into the FCF calc, but IF we see this thru a lens of well run co, structurally sound, we're looking at >5% yields at this pt.
- and if you just wanna do the PE game, <20x PE for comp'ing >20% growth for the next two years (i think that number will proved to be low), this stock is somehow ignored and won't be for long.
- it's a BTC beta play without some of the ecosystem issues the degens are facing, or without the difficult work that needs to be done w/ MSTR (also a buy, but nuanced).
- anyway. i'm making this a 5% equivalent position (2.5% notional, 2x leveraged) using my 2027 leap strategy. i'm a bit indifferent as to the ST results given i'd like to turn this core and do more work. think the valuation we r at today already makes sense and as you all know, i'm heavy cash. so i'm looking to deploy strategically.
lmk what you think. plan to do more work post on this more in the coming year.
V
