全面倒向Solana，屯SOL，直到2000一个

Brother B needs @BTCBruce1 clarify This is quite important, involving the issue of trust on the US stock chain

This is the simplest micro-strategy I have ever seen, a company that has fallen on Nasdaq and a project that has fallen on Binance have reached a strategic cooperation to buy $2.5 million in $ANIME tokens on the open market within one year. However, don't underestimate this pheasant play, obviously, because the market value is low and the number of chips is high, Yezhuang collects the two shells separately, and then puts a message. Quietly it may pull the plate high. At this stage, don't underestimate the wild plate in currency stocks, and the wild plate is also proofing. ———————————————— In order to keep up with the trend of the times, I founded the "On-chain Workshop" to discuss together, welcome to join us:

A comprehensive overview of what tools listed companies use to finance and hoard cryptocurrencies (extremely hardcore!) More and more listed companies are incorporating crypto assets into their strategic reserves, but the sources of funding vary from company to company. It is important to note that different financing tools imply different strategies, risks, and commitments. Familiarity with various financing tools and their pros and cons can help us assess these companies' strengths and their future impact on cryptocurrency and stock prices. 1. Basic Version There are many types of financing tools, which can be broadly categorized into debt, equity, self-funding, and hybrid models. The literal understanding is quite simple: either borrow money to buy cryptocurrencies, sell equity to buy cryptocurrencies, use one's own money to buy cryptocurrencies, or utilize all three models. Borrowing money to buy cryptocurrencies is the most audacious move, showing great confidence in being able to repay and in the potential rise of cryptocurrency prices. Selling equity to buy cryptocurrencies indicates either a lack of confidence or a shell acquisition. Selling equity means future earnings will decrease, hence the lack of confidence. Shell acquisitions are also easy to understand; WEB3 projects want to join the fray, so they acquire struggling companies in the U.S. stock market. Using one's own money is even easier to understand; the company already has funds, even those mined BTC from mining companies. 2. Advanced Version There are several ways to borrow money: one is through ordinary bonds, with agreed-upon interest and repayment terms; another is convertible bonds, where lenders can choose to convert debt into equity based on market conditions and company circumstances, often with very low or no interest. There are also secured loans, such as using company assets as collateral for bank loans, like MARA using BTC as collateral for borrowing. Selling equity can be categorized into selling existing shares and issuing new shares. Selling existing shares does not change the total share capital and will not affect the current stock price. Issuing new shares expands the total share capital, which dilutes the value of each share, thus affecting the stock price. Of course, it depends on whether the company has enough shares to sell; if not, they can only issue new shares. From the perspective of public versus private offerings, it can be divided into public offerings and private placements. Public offerings can include ATM and targeted placements, or mergers and acquisitions, even equity swaps. Private placements are done discreetly. From the perspective of discounts and exercising rights, transactions can occur at the current stock price or at a pre-negotiated price, but this is more applicable to private placements. Exercising rights refers to whether payment and delivery occur simultaneously; some transactions deliver equity upon payment, while others retain it, allowing the paying party to exercise rights based on circumstances, such as the previously mentioned debt-to-equity conversions and pre-financing warrants. Once you understand these various methods, you'll realize this is a game of strategy. If the fundraisers are confident, they may lean more towards bonds. If the investors are confident, they may prefer private placements, as negotiating privately allows for better terms; anyone who has done business understands this. Public fundraising indicates a lack of major investors, requiring institutional packaging for sales. 3. Common Tools Used by Microstrategy 1. ATM For example, on August 12, 2025, BMNR launched an ATM stock issuance plan to issue $2.45 billion in common stock, with all funds raised used to purchase ETH, aiming to control 5% of the global ETH supply. From this announcement, ATM refers to issuing new shares, gradually increasing shares in the secondary market, thus "drip-feeding" the issuance, which minimizes the impact on stock prices. In simple terms, they issue stock to buy ETH; if ETH rises, the value of the diluted shares is restored, and they can issue more shares and buy again. Of course, if ETH plummets, then further dilution of equity will prevent additional fundraising. 2. PIPEs This is easy to understand; it involves negotiating a discounted price privately, either delivering existing shares or issuing new shares. Notably, there are "pre-financing warrants PIPEs." If it involves a large transaction of newly issued shares, once disclosed, it can significantly impact the stock price, greatly diluting the value per share. Thus, you will find that @StoryProtocol's microstrategy utilized "pre-financing warrants PIPEs." In this case, it means sufficient funds are provided, but the exercise of rights is deferred, meaning the company gains a quasi-shareholder without immediately increasing shares, preserving the value per share until the stock price rises, at which point issuing more shares becomes less of an issue. 3. Convertible Bonds This was explained earlier; the investor provides funds to the company in the form of a loan, often with no interest. In favorable conditions, the investor can choose to convert the debt into equity. So, what’s the difference between this and "pre-financing warrants PIPEs?" The difference lies in whether the investor has an exit strategy. Convertible bonds offer an exit; if the company fails, the investor can treat it as a loan, which must be repaid. Equity warrants do not offer an exit; if the company fails, the investor remains a shareholder, just a matter of when they receive their certificate. It’s like buying a mooncake voucher; regardless of whether you ultimately redeem it for mooncakes, the mooncakes belong to you. —————————— Familiarity with financing tools is crucial for understanding the microstrategies of various listed companies, allowing us to keep pace in this fast-moving era! I hope to have more opportunities to discuss with everyone in the future. To keep up with the times, I founded the "On-Chain Study Group" for discussions; feel free to join us:

CASK surged 15% yesterday because the market has reacted to the logic of "prepaid warrants" it will continue to rise, at worst there is still a 20% increase, as for what comes next I guess there is still a 500% upside potential.

Why can the stock "CASK" of $IP Microstrategy be bought? The answer is written in the details of the financing plan, which 99% of people have overlooked. After reading the trading structure, I found the term "prepaid warrants" in the financing plan! It's necessary to explain this financing tool. Overall, CASK's financing is 220 million, of which 100 million comes from the sale of existing shares, in other words, selling equity, and the other 120 million is through the issuance of new shares. Delivering existing equity will not affect the stock price, but issuing new shares dilutes the value per share, which will lead to a drop in stock price. Yesterday, as this plan was announced, CASK's stock price also fell by 30%. In fact, the transaction has not yet been completed; it will be finalized on the 13th, but the market has already reacted to this information. However, the new shares are prepaid warrants, which means they will not immediately increase the total number of shares. Prepaid warrants mean that the buyer pays most of the subscription amount upfront, leaving a small balance to be paid when exercising the option. It's somewhat similar to a mooncake voucher; I first spend money to buy a mooncake voucher, and when to exchange it for mooncakes is another matter. In this way, investor A16Z actually gets a bunch of stocks without actually increasing the number of shares. Once the stock price reaches a certain level, the investor can exercise the option to convert the warrants into stocks and sell them. Various microstrategies are really getting more and more intricate. To keep up with the times, I founded the "On-chain Study Group" to discuss together. You are welcome to join us:

That's right, $PUMP has unknowingly returned to the price of the public offering, and this time, it will be great again. A good dealer will definitely cut people repeatedly until everyone is bruised.

Awesome, A16Z has also made a micro-strategy, this time the lucky one is $IP, which is the South Korean @StoryProtocol. Undoubtedly, VCs are exploring a new model that will blow for a long time. This time the microstrategy model is a little different, not to shell like $ENA, but to work directly with a brewing company, Heritage Distilling Holding Company, Inc. (Nasdaq: CASK). You heard it right, Brewing Company 😂, the most awarded craft distillery in North America for 10 years in a row. Hahahaha, it shows that there are really a bunch of junk stocks on the US stock market, and it is still possible to pick them up cheaply and then engage in micro-strategy packaging. This time, CASK raised 220 million yuan in the form of private placement, of which 100 million was cash and 1.2 was tokens, and investors included Story Foundation and a series of institutions such as a16z and dao5. The way of financing is actually very interesting, the $100 million in cash is the way to transfer equity, to put it bluntly, it is the sale of equity. The price of the token is still fixed at $3.4, and now the price is 6.5. The foundation then promised that 100% of the proceeds from the token sale would go to the market to buy back $IP, and the buyback period was 90 days. This plan is very roundabout, let me explain it to you: 1. CASK raised 220 million yuan with existing equity and additional equity, of which 100 million was cash and 120 million were tokens, and now the value of the token is 240 million. 2. What are VCs and foundations in their hands at this time? VCs exchanged a bunch of CASK shares in their hands. The question is, is it a pull coin or a stock at this time? Smart you should already have the answer. Of course, it's the pull plate CASK! From the perspective of the K-line, CASK is also at the bottom, allowing us to live a chic life with red dust. This micro-strategy model is really interesting, in the past, more coins rose and then drove the stock price up, but this time it is the opposite.

The second quote from the tweet has been fulfilled, $ETH hit a new high, and the market cheered, feeling that it was determined to go to 20,000U, at least 10,000U. The next step may be to enter the killing cycle ETH still has two gaps that have not been filled, namely 4080 and 2850 It has reached a relatively dangerous position, and it is also a position where they are stupid to each other But traders like to go against people in the carnival, and this truth has never changed~

The gap around 4080 should be filled, and then turn to wave A, and you can buy it again~