This afternoon I testified at the Texas Senate Committee on Business and Commerce hearing in favor of SB 21, to establish a Texas Strategic Bitcoin Reserve. Thank you @DrSchwertner for introducing the bill, @LtGovTX for making it a legislative priority, and @DonnaCampbellTX for asking great questions about Bitcoin custody and security.

Daily reminder that the Strait of Hormuz is open and we are winning

Saronic has been awarded a production OT under the U.S. Navy's MUSV Marketplace for Marauder, our 180-foot dual-use autonomous ship — following a rigorous at-sea evaluation that tested the vessel’s capabilities. The trials included autonomously tracking and maneuvering around a variety of vessels, plus a battery of passive-perception tests — requiring Marauder to detect, track, and follow other vessels using only its passive onboard sensors, with no active radar. It's one of the hardest problems in autonomous maritime systems, and Marauder ran every scenario back-to-back on the same platform now under contract with the Navy. "Marauder went from initial design to on-the-water in under a year, and this evaluation demonstrated that the platform holds up under the Navy's own toughest testing," said Dino Mavrookas, CEO and Co-Founder. "We've now flipped our third Marauder hull, with several more moving through the production line behind it. We can build at that pace because we designed the autonomy, software, hardware, and the production process side-by-side, as one system, rather than bolting them together after the fact. That's what it means to be a vertically integrated shipbuilder, and it's why we've been able to build and deliver at speed and scale."

The Federal workforce has shrunk by more than 336,000 bureaucrats since Trump took office.

Superintelligent agents are excellent employees to have working for you, you just have to manage them. This enrages the left, they spent decades demonizing the managerial class as bourgeois oppressors of workers, but now the workers are software and everyone is a manager.

Only President Trump could convene all the leaders of the top companies developing chips, data centers and frontier models for Super Intelligence. This new Industrial Revolution has already created a million new jobs and is spurring a bigger infrastructure build-out than the railroads, canals and grid combined. I was honored to witness history as the leaders of the frontier lab companies signed the White House Accord on Super Intelligence, accepting responsibility for the safe development of their products and imposing new internal controls and external audits. This is far better than waiting years for some international agreement that would probably never happen. President Trump continues to ensure that U.S. remains the technology leader while putting Americans first.

🚨 NOW: Anthropic chief DARIO just walked up and said President Trump helped put his Super Intelligence worries at ease "If we do this right, we work with the President and everyone here, we can win safely!" Imagine that, all it took was DONALD J. TRUMP getting involved and the tables are turning! No more SI dooming, no more surrendering to China. America will remain number one BOTH for national and economic security, as long as Trump is president 👏🏻

Official.

You realize that 250 years from now, our successors will look at photos from this Super Intelligence Luncheon the way we look at 19th-century paintings of the 1700s?

Trump is the most libertarian president in US history.

.@POTUS: "We're going to be signing a document today at about 5p renaming Artificial Intelligence because it's not artificial. We all agree on that. We're going to be renaming it Super Intelligence — officially renaming it."

it’s going to fucking kill liberals to admit that Donald Trump is actually a very good president, but with imminent victory in Iran, Venezuela and Greenland under our thumb, China checkmated, and a booming economy it’s going to be increasingly hard not to even with fakenews blinders on

This matrix explains one of the most important concepts in Bitcoin treasury strategy: amplification ratio is what drives total returns. Over 99% of the variation in modeled total returns shown here is driven by amplification ratio. Cost of capital matters far less than investors realize. Strive’s objective is to outperform Bitcoin by maximizing total returns for common shareholders. Our base case is that Bitcoin compounds at roughly 50% annually through 2030, but the principle applies more broadly. If any Bitcoin bull thesis plays out, building and sustaining a high amplification ratio will be the most important determinant of success. That is why we spent the bear market intentionally building liquidity, earning investor trust in SATA and Strive, deepening our access to capital, and building the foundation required to support a high amplification ratio at scale. Maintaining amplification as Bitcoin compounds will require increasingly large amounts of capital and sustained investor trust, and will be extraordinarily difficult to achieve. If possible, I would like to bring Strive’s amplification ratio above 60% later this year. If our warrants exercise over the next few weeks, getting there will require elite execution from our team. It becomes even more difficult if Bitcoin rallies further. I believe our team can achieve that goal, and that Strive is uniquely positioned to sustain a high amplification ratio at scale. The math tells you what matters, and our strategy follows the math. If I were analyzing Strive as a Bitcoin bull seeking to amplify Bitcoin returns, these are the questions I would be asking: What is Strive’s current amplification ratio? What are our goals for amplification? And to achieve those goals, do we have the capital access, liquidity and investor trust required to maintain a high amplification ratio throughout a bull market? There is real alpha in understanding the answers to those questions. Study the matrix carefully.

More accurate?

Reminder that Dario is just a snake oil salesman that is not to be trusted.

btw what does it say about the AI safety nonprofit circuit that after years of funding, conferences and papers, nvidia has to turn up with an actual reference design? you lot have described the agent escaping in extraordinary detail. was anyone assigned to build the fucking enclosure, or were you waiting for a philosopher to define “outside”? jensen is trying to sell the machines and somehow he’s ended up doing your homework too.

the new development timeline

A protester storms a pro-data center party in Washington, D.C., warning the technology is "killing the world" before flipping off the crowd as "USA!" chants erupt. The disruption comes as the fight over the massive facilities powering America's AI boom intensifies across the country. President Trump has made expanding data centers a key part of his push to cement U.S. dominance in artificial intelligence, while opponents are raising concerns over power, water and the impact on local communities.

We started PubKey on a simple premise: culture and community always wins. It beats elite tech. It beats financial fundamentals. And it beats the doomers and blackpillers. We intend to party all the way to a stronger America and an unstoppable future. See you at the next one.

Matt Cole says Strive’s $ASST goal is to push amplification as high as it responsibly can. If $BTC returns 50% annually through 2030, he says the amplification ratio could drive 90%+ of total returns. If $SATA demand and investor trust support it, he’d like amplification at 60-70%. “I want returns, I want concentration... we want to be all in.” - @ColeMacro