#WLFT #ALTS

An interesting phenomenon Suddenly discovering that many inscriptions in the Bitcoin ecosystem are still alive Unlike memes, which are truly dead once they die, dogs don't care "Death is not scary; what is truly scary is being forgotten by others." This classic line comes from the movie "Coco" "True death is when no one in the world remembers you." This saying applies to many altcoins Only the Bitcoin inscription community hasn't completely died; many are still holding on This is the power of community Believe in inscriptions Believe in the power of belief Which other communities are still around? Please share and spread the word Let more people know about you Let's welcome the arrival of altcoin season together #ORDI #SATS #DOG #RATS #BITS #BNBS #BTCS #ETHS #POLS #BRC20 #ORDINALS #MIM #PUPS

The current total supply of #OKB is 21 million, with a market cap of 2.5 billion, a bargain price! The market cap of OKB is seriously inconsistent with @okx's status in the industry.

Right now, the biggest opportunity in the BTC ecosystem is that it hasn't even started yet, and it's at a bargain price. Those who understand will naturally get it. #ORDI #SATS #DOG #MIM #PUPS #RATS #BRC20 #PIZZA #ORDINALS #RUNES #BTC #PEPE

#ORDI 1000U SOON MAKE BITCOIN GREAT AGAIN #SATS #DOG #RATS #BRC20 #ORDINALS

Everyone take a look, can I make it to the other side? #ETH

Wood Sister recently elaborated on why Ethereum is becoming an institutional-grade protocol and has chosen to go ALL IN on it: 1. Coinbase's L2, based on Ethereum 2. Robinhood's L2, based on Ethereum 3. The stablecoin boom is primarily happening on Ethereum 4. Unlike Bitcoin's treasury, ETH treasury has utility and staking capabilities 5. Ethereum may be more costly and slightly slower, but it is decentralized and more secure, which is why ARK ETF can finally establish a solid position on ETH ARK Invest has invested in Tom Lee's BMNR, which is the world's largest ETH treasury company. The foundation of the next-generation financial system is being realized on Ethereum.

#ETH 20000U SOON @VitalikButerin #BTC #Ethereum

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: