JUST IN: There is now only 1,000,884 BTC left of Bitcoin's 21 million supply to be mined 🐂

BlackRock just gated withdrawals on its $26 billion HPS Corporate Lending Fund after getting hit with $1.2 billion in redemption requests in Q1 alone. They're paying out $620 million, 5% of NAV, which triggers the cap. The rest of you? Get in line. This isn't an isolated event. Blackstone just tapped 25+ executives for $150 million to meet redemptions from their own retail credit fund. Blue Owl failed to syndicate a $4B data center loan for CoreWeave because lenders are spooked by AI firm credit risk. The $1.8 trillion private credit market was Wall Street's darling for the last three years. Firms couldn't raise funds fast enough. They pitched it to retail investors as stable yield without the volatility of public markets. The catch? These aren't liquid instruments. When everyone wants out at the same time, there's no market to sell into. This is the fundamental problem with packaging illiquid assets and selling them with the illusion of liquidity. The redemption gates exist because the underlying loans can't be dumped on a moment's notice. Your money is locked in loans to companies that may or may not be able to service their debt in a slowing economy. BlackRock shares dropped 5% today. The broader market is risk-off. And the question nobody wants to ask: if the world's largest asset manager is gating a flagship fund, what's happening in the smaller shops that don't have $11.5 trillion in AUM to backstop confidence? Private credit boomed because rates were high and banks pulled back from lending. Now you're seeing what happens when the music slows. This is what happens when you build an entire asset class on the premise that defaults won't spike and investors won't want their money back at the same time. They always want their money back at the same time.

500+ Bitcoin for Strategy in under three hours. Probably nothing! /s

JUST IN: Bitcoin pumps back to $72,000! 🚀

The @Strike BLOC is simple: ✅ Unlock cash without selling your BTC ✅ Do not trigger a taxable event ✅ Open in seconds. No credit checks ✅ Transparent pricing: 13% APR ✅ Interest accrues only on what you use ✅ Pay bills, withdraw cash, pay friends, or buy bitcoin ✅ Manage your BLOC with your paycheck, cash, or BTC Today, it is only available to users in Massachusetts and Georgia. We made a strategic decision to limit the rollout for more testing first. We will expand to the entire US market (including NY) shortly, and then globally.

In the last few days the S&P, gold, and KOSPI all tanked but Bitcoin didn’t even flinch. Something has shifted. Decouple.

$STRC explodes back to life. 1.9M shares at $100.01—entire session above threshold. That's ~1,112 BTC estimated, dwarfing yesterday's 115. After nearly two weeks dormant, the ATM just had its biggest day in recent memory. Yield at 11.25%.

JUST IN: JPMorgan CEO says AI could cut work week to "4 days"

And so it begins… got bitcoin?

Morning golf with the lads Sunday market for some post-round cheese, wine, and duck terrine Sun-soaked lakeshore with wife and son Chase son around the playground, persist those giggles to memory Campari Spritz Rotisserie chicken and roasted potatoes for dinner Wind down with sauna and a great book We will all live some version of this when AI & robots are doing all our BS and running around for us Spreadsheets, job titles, and LinkedIn posts will be a distant memory. Believe in a beautiful future.