🧵
1/
The latest BitMine Chairman's message has been posted:

@youtube: youtu.be/9b2hj9UmFUk
presentation: ap-south-1.graphassets.com/cmcvvg9jt0fra0…

On BitMine website: bitminetech.io/chairmans-mess… x.com/BitMNR/status/… 2/
Ethereum has 'ultimate' product market fit because ethereum is the optimal blockchain for 3 mega-growth drivers:

- tokenization/financialization on Wall Street (already ETH dominant share)
- AI/ agentic-AI systems (Zk privacy, 100% uptime)
- creator economy (@MrBeast Beast Industries)

🧵🪡
Ethereum and Bitcoin and crypto prices have fallen sharply in the past 10 days

- $ETH down -40% and Bitcoin -30%
- crypto sentiment is reflexive
- so there is a lot of “rage quitting”
- and many pundits citing problematic structural and unfixablr reasons for the decline

To me, this type of volatility and drawdown seen in 2026 is very much what happens in crypto

Keep reading 👀👀📚 2/
Since 2018,
- $ETH has seen a drawdown
- of -60% or worse 7 times
- in 8 years

This is basically every year
- in 2025, $ETH decline -64%

🧵🪡
The annual shareholder vote deadline is Jan 14, 2026 at 11:59pm ET

- many asking why we want to increase authorized shares from 500mm to 50 billion (proposal 2)

No, it’s not because $BMNR is about to “dilute” shareholders

Link🔗

Keep reading 📖 to understand…bitminetech.io/chairmans-mess…

2/
There are 3 reasons the company needs to increase authorized shares, but one is the most important:

- enable selective ATM, capital raises
- opportunistic deals (mergers, etc)
- accommodate future share splits <—KEY

The last point is key🔑

Any time a company splits shares, total authorized needs to be high enough to accommodate

Keep reading 📖…

🧵
1/7
Our take on SEC's Project Crypto and ETH impact:

$ETH ethereum outperforming the crypto since early April. Below shows ETH/BTC ratio and we can see the sustained rise

...fueling this is Wall Street running towards ETH as stablecoins created the "chatGPT" moment

ticker: $BMNR 2/7
Yesterday, SEC and White House unveiled 'Project Crypto' to move financial markets on-chain

@CNBC
ticker: $BMNR

🧵
1/
On DAT* and BTC/ETH Treasuries
*post has consent from @saylor

CASE STUDY: $MSTR created the template for crypto treasury.

- since 2020 start of $BTC strategy, @MicroStrategy
- stock gain from $13 to $455

QUESTION?
How much is due to BTC rise vs treasury strategy
$BMNR @BitMNR 2/
Of the 35X rise in $MSTR price:

- 11X due to $BTC Bitcoin rising from $11k to $118k
- 25X due to Treasury strategy
- aka increase in BTC per share

Treasury strategy far more significant than token price gain

@BitMNR $BMNR

🧵on ethereum
1/
$ETH +22% past month but down -9% YTD
ETH rangebound since 2021, but the rise of stablecoins $CRCL $USDT and Wall Street tokenizing real-world assets is driving up demand for ETH = upside

....please read on
$BMNR DAT @BitMNR 2/
@fundstrat discusses how stablecoins are the "ChatGPT" moment for crypto and Wall Street converging onto ETH on @SquawkCNBC



$BMNR @BitMNRcnbc.com/video/2025/06/…

A 🧵 on stablecoins and Ethereum
1/
Stablecoins is the singular most successful crypto product and the only one to move into the "real world" with $250 billion in total assets

we are in the earliest days....
(keep reading plz)

@fs_insight @SeanMFarrell

https://twitter.com/SharpLinkGaming/status/1937505642618474811

2/
Stablecoins are a good business model and attracted the interest of banks $JPM $V and even merchants $AMZN $WMT

- issuers of stablecoins generate significant profits as the collateral (USD) can earn yield and this is not paid to holders of the stablecoin (yet)

@fs_insight @SeanMFarrell @WSJ @business

🧵🪡
1/
Many say “markets expensive because P/E is 20x”

- one may not realize this is ascribing anchoring power to an abstract concept

Please read on 📖🤓👓…

https://twitter.com/fundstrat/status/1685078224424824833

2/
P/E is ratio between:

- price “P”
- earnings “E”

Each of these has an entire field devoted to each:

- technical analysis study of “P”
- fundamental analysis study of “E”

A 🧵🪡

Looking forward to host this timely ⌛️🕰️ #webinar on Energy

- WHO: @MattG_PE CEO of @greenlakeenergy

- WHEN: 7/11 at 2pm ET for #FSInsight family members @fs_insight

…please keep reading

https://twitter.com/fs_insight/status/1676697292303388672

2/
Energy was a hero in 2022 and was our top sector pick in 2022

- $XLE gaining +57%
- $OIH gaining +64%

- $SPY declined -20%

Sizable outperformance even as crude only rose +7%

A 🧵 🪡
1/

On Friday, I was on @CNBCClosingBell and the segment was >20 minute covered some important ground

- it’s Sunday of a long weekend, so I wanted to share some perspectives 2/

Foremost, FANNG up 45% this year because earnings delivery has surprised to the upside

- look at $NVDA and $META others
- future forecast of earnings higher, supporting higher PE and on higher EPS

Our #FSInsight family members know this has been our top sector pick for 2023

https://twitter.com/cnbcclosingbell/status/1662176102838616081

🚨#fintwit I will be on @CNBCClosingBell today at 3pm ET hosted by the ‘judge’ @ScottWapnerCNBC

- heading into a holiday weekend

Hope y’all can tune in

@fs_insight @CNBC twitter.com/i/web/status/1… 2/

Doing this remote

See y’all soon

a 🧵🪡

1/

Update on our upgrade of Regional Banks "tactical buy" which we initiated on 5/7

- rationale on 5/7 was failure of $FRC created "temporary Fed put" for regional banks

- #Fed then paused

$KRE $NYCB $EWBC $WAL $BANC $CNOB

https://twitter.com/MarketWatch/status/1655535660567089152

2/

Technical picture for $KRE regional banks has since strengthened sharply

- Regional banks registered "13" buy setup on @DeMarkAnalytics daily and weekly charts

- flagged by @MarkNewtonCMT

- and yesterday, we got the necessary "price flip" higher on $KRE

A short 🧵🪡
1/

On why this plunge in #FINRA margin debt matters more you one realizes
👇

- margin debt tanked -35% off peak and -$330 billion
- greater than GFC peak to trough
- and 1.59% (% market cap) lowest since dot-com low

https://twitter.com/fs_insight/status/1657036658968080387

2/

2023 equity market has been a game of “inches” but bullish case has gained #anygivensunday

- this week’s soft side inflation readings strengthened case for #Fed pause

- and a “pause” reduces risk of a hard landing

So that’s a good thing

https://twitter.com/fs_insight/status/1657038964614676490?s=46&t=ox_Iko2UDeJ6GX8T2qbNkw

A short 🧵🪡
1/7

Equity markets remain on a ‘hair trigger’ and today’s wobble probably due to $FRC and regional bank model concerns

👀 on #Fed FOMC 5/3-5/4

- we still expect a ‘dovish’ +25bp
- regional softness one factor
- other is lots of disinflation in pipeline 2/7

Case-Shiller showed upside surprise on price (MoM) but arguably as important is home prices went to ZERO YoY

- zero price inflation on homes
- @Redfin rent yoy negative
- Yet, #CPI showing 8.6% yoy gains for housing

CPI lagging real-time measures = disinflation in pipeline

🧵

1/

Stocks $SPY off to a strong start so far in 2023, gaining ~2% in first 5 days

- is this important?
- actually, it’s a big deal 2/
For 2023, pundits all reading off same menu:

- Fed gonna crush every rally until job market cracks + EPS going to fall in ‘23

- consensus thus, stocks fall in first half to 3,000 (S&P 500) and then maybe stocks recover to “flat” by YE

🧵
1/

After a horrendous year 2022, low expectations for 2023:

- mainly negative “E” from recession/EPS
- plus “tight” Fed

Positive catalysts = 2023 probably far better than “muted” expectations

Read on… 2/

“Mission accomplished” on 2% inflation

- inflation ⬇️ faster than markets expects
- Core PCE (#Fed measure) inflation ann. 2.6% in Nov
- this is 3M annualized, and ex-housing

At this pace, Dec ‘22/Jan ‘23, could show 3M ann. Core PCE ex-housing ~2.0%-ish and overall <3%

Did the #ransomware attack at @HaverAnalytics result in an inadvertent #FOMC projection error?
🧵

1/5

#FOMC presser (12/14) contained a statement by #Powell that seemed at odds with incoming data

- #Powell said “we’re going into next year with higher inflation” vs Sept FOMC 2/5

As their SEP (survey of economic projections) shows:

- ‘22 raised 4.8% vs 4.5%
- this raised 2023 inflation
- and added to “higher for longer”

While Fed chair #Powell was "hawkish" in FOMC presser, his statements revealed key factors to "dovish" path

- labor “I don’t see the case for real softening just yet.”
- inflation “we haven’t seen inflation coming down.”
- housing “still some significant increases coming”

1/10 Labor statement below:
- Powell says no sign softening
- yet today's jobs report shows unemployment rate rose +0.2% to 3.7%
- that is a sign of softening

2/10

What we cover on #fsinsight member call today at 1pm ET.

- NY state outperforming best case Cuomo models
- Top 8 states (50% GDP) outperforming NY
- Why case growth marks relative bottom
- If Oct 08 (not Mar 09), what worked

Sign up for free trial fsinsight.com

1/4 8 states are 50% of US GDP
- CA, TX, NY, FL, IL, PA, OH, NJ
- of these, NJ is doing worse than NY

NY state is 4,750 cases per 1mm people, or 1 in 200 has COVID-19 confirmed. Could be 1 in 20 based on missed tests.

2/4