Ryan Adams

I agree.

Like, I guess we're always just used to Michael Saylor buying, but- Yeah, and we kind of forget to size the numbers, but like size, we got 2.8 billion over two weeks is, that's motion.

MicroStrategy as a brand, as a name, just wasn't known back then.

It just wasn't a big of a deal in the depth of that bear market.

I mean, the whole idea of MicroStrategy is it's like trying to make a credit engine around Bitcoin, right?

And so he has the at-the-money shares of MicroStrategy.

He has the Strife, the Strike products.

He can just sell a bunch of paper products

For Bitcoin.

Yeah, the other person buying Bitmine also bought 121,000 Ether.

Not quite $2.8 billion, just, you know, a respectable $250 million.

But it buys you more ETH, though.

But it buys you more.

Did you know, right, that Bitmine is 75% of its way to 5% of the total supply of Ether?

That's incredible.

We're just going to hold the course.

So while the Fed left rates unchanged, there is something that did change in the poly market, Ryan, is that we have a new leader for the how many Fed rate cuts in 2026 market there is.

It used to be pricing in, we were going to get one rate cut at 25 bps.

There was going to be a 32% chance that was the dominant market.

That has now flipped into second place.