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有消息称 Pump.fun 计划 40 亿估值发币，引发市场猜测
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自从这篇帖子发布以来，IBIT的表现超过了MSTR 20%，而ETH上涨了63%。我现在相信这个观点是共识，并已暂停该计划。
2025年7月8日
Starting today I began a systematic trading program to bet against Bitcoin treasury programs against a basket of core crypto spot longs.
I do not buy MSTR’s financial engineering framework as value accrual and believe excessive issuance will de-rate the sector
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