D1 Fun

the plan?

sell shares
in order to finance a share buyback

announce share buyback in order to pump price to announce “warrant dividend”

force exercise warrants in order to
sell more shares

$envx

$envx mgmt is going to have to use that buyback (funded by equity sales) to keep their stock above $10.50 in order force exercise those warrants (to sell more equity)

😂

@sparticuszorro.bsky.social come home 🥺

an all time headline

it's real

the ultra rare:

lead underwriter + initiate at sell combo

my goodness

$crcl z:crcl

have a great weekend

thank u sir

to be fair i think stablecoins will grow. ive played around with them on/off for the past 6+ years. it's where the world is going

but crcl is a meme and blew out monday

bsky.app/profile/d1fu...

this is fun

1 day drawdown, but we're now in the green. sold some calls earlier too

this is a hilarious market

sold some right up there. let's see if they give it another push

we're over $234 now :)

unrelatedly, think i may make my way make to xitter soon after a 6+ month long hiatus (ill stay here too)

want to see this place thrive, and there's lots of A+ ppl (eg spart) that generously share & debate here, but it's a bit quiet here outside of them.

perhaps im just a bad poster though

kicking myself i didnt buy the ipo when i understood the biz and narrative well

just couldnt get around to playing a game of hot potato when my conviction on (the shitco) cycle timing wasnt high

now the narrative is well understood. lot more downside than upside, fundamentally and "narratively"

still think it's an interesting short despite of the fact that

1) i believe stablecoins will be huge. think theyll grow tremendously

2) crcl isnt required (theyre actually technically barred if all passes) to pay interest to the holders, which is good for them. theyd be doomed if they had to

crcl beginning to look interesting above 215

like that the pseudo-lockup (holding rule period) for those w ipo access can start dumping over the next few days to wks

tmrw likely a low double digit % PnL day

bsky.app/profile/d1fu...

hello

suspiciously impeccable (roaring kitty return on ur exit last yr…)

godspeed my friend,

your timing remains impeccable

madness

im short a bunch of (non-btc) crypto too. but that's like taking candy from a baby

*to be clear to my 2 followers on this site:
*net short US equities (particularly QQQ / long duration)

still net long biotech / healthcare, energy, commods & commod producers, and btc

too dangerous to be net short outright. otherwise you're levered long the USD. dont wanna do that

this is fun

wow

i'm net short starting today

big beautiful vultures circle over my office each day

probably a message in there..

what type of bird are we working with?

shortly after the $30M in insider sales 2.5wks ago :)

qbts

dont forget the penny stock atm commission structure on a $5B+ mkt cap co