Bitcoin is still in its very early days. It’s the best savings technology we’ve ever seen and will continue to gradually capture some of the monetary premium from gold and real estate. It’s just a drop in the bucket of global liquidity.

Bitcoin's $1.7 trillion market cap is still "a drop in the bucket" compared to gold's $30 trillion and real estate's roughly $400 trillion. @RaphaZagury, CEO of @twentyone, tells @JD_Durkin he sees bitcoin:native as "the best savings technology" ever, gradually capturing monetary premium from those other assets.

Today on Taking Stock | S&P 500 heads for weekly gain as oil pulls back on Hormuz developments. @MReinking on elevated yields, @twentyone CEO @RaphaZagury talks a new kind of Bitcoin treasury + @XPRIZE rings the Closing Bell! @jd_durkin has more. nitter.net/i/broadcasts/1OxwbnVZa…

As Proof of Workforce winds down it's operation, we want to thank all of you who supported our efforts. The Bitcoin community remains an inspiration, as it grows in strength. Onward!

JUST IN: Twenty One CEO @RaphaZagury will sit down with @pete_rizzo_ at the Bitcoin Treasuries Conference to break down the comeback of $XXI live. He manages over 43,500 BTC with a strategic vision inspired by Berkshire Hathaway. Sept. 28. NYC. See you there 🚀

Bitcoin is far more important than AI, orders of magnitude more important. It solves the problem of printing money. There's no more important economic problem to solve. You won't have reliable power or any of its downstream benefits without sound money. No matter the handwaving.

🚨 $XXI CEO @RaphaZagury WHEN ASKED WHY SOMEONE SHOULD INVEST IN $XXI INSTEAD OF JUST BUYING BITCOIN: "If you have $1, you should buy Bitcoin. That's what I always say. You should buy Bitcoin." A Bitcoin company CEO just told you to buy Bitcoin first. Truly nice to hear for once. Show credit: @natbrunell

Estive com Zagury pessoalmente e temos duas coisas em comum, titânio no corpo e Bitcoin, as duas ocupando o lugar de algo que quebrou. Um quebrou por acidente de bike na mesma época, e o osso foi substituído. O outro quebrou sem impacto nenhum, porque confiança racha devagar, a dele no sistema fiat e a minha no ouro, que era a minha 'bullet proof' contra fiat até eu entender que quase todo ouro de banco central é risco do U.S. Treasury em formato de pedra que brilha. A melhor história da entrevista é justamente sobre essa distância entre risco de verdade e risco de etiqueta. A mesa do Goldman financiava sem pestanejar a fintech que ele tinha no Brasil, que emprestava em Reais, pra pessoa física, sem colateral nenhum. 🔥 Anos depois ele voltou na mesma mesa pedindo linha pra emprestar contra colateral em Bitcoin. Ouviu que era arriscado demais. Mostrou a matemática, a mesa concordou com cada linha, só que avisou que o comitê executivo nem chegaria a ouvir, porque a palavra Bitcoin encerra a conversa antes do número aparecer. 🤡 Ele conta também que securitizar receita de mineração recebe rating melhor do que colateralizar o próprio BTC, mesmo o BTC sendo o colateral mais líquido e verificável que existe. Entendem agora por que eu fico de olho na revisão de Basileia que o Fed, a OCC e o FDIC ainda vão fechar esse ano? É ela que destrava isso. Recomendo ouvir a entrevista inteira, ficou excelente.

Stop measuring hard money with a melting yardstick. If you're still pricing Bitcoin the old-fashioned way, you’re missing the bigger picture. Had the pleasure of sitting down with @RaphaZagury while in Hong Kong to break it all down.

Bitcoin mining must be open-source or Bitcoin remains PERMISSIONED. Check out my deep dive on our work at the @256FOUNDATION to understand why we're commoditizing the building blocks of the mining stack and how we're best positioned to pull it off.

Amanhã, 15 de setembro, estaremos na B3 para a estreia do DIGY11. É um momento de muito orgulho para todos nós da @ORANJEBTC. Nosso primeiro produto financeiro traz ao mercado uma forma simples de o investidor participar dessa nova economia digital. Estamos construindo a Companhia Bitcoin do Brasil.

My grandfather Bill Draper was an incredible man. Publicly, he was a Yale and HBS alumnus and a member of the secret society Skull and Bones with George Bush, who he remained close with throughout his life. He would never let you hear the end of why you should go to Yale—he even named one of his dogs after Eli Yale. When asked about the infamous Skull and Bones, he would leave the table because it was a “secret” society, and the rule was not to discuss it. What he did and helped create in Silicon Valley is immeasurable, but whenever he was given credit, he would pass it off to Leland Stanford. You can read about much of it in his book, The Startup Game. He was ahead of his time and had an incredible female partner, Robin Richards, during much of his venture career, at a time when that certainly wasn’t the norm. He was also the first venture capitalist in India, and to this day, without fail, anyone I meet from India raves about how much he did for the country. Always a gentleman and an eternal optimist. His accomplishments were extraordinary—from running for Congress against THE Shirley Temple, to backing some of Silicon Valley’s first startup successes, to his work around the world and funding nonprofits through the Draper Richards Kaplan Foundation. But my memories are about the love he had for all of us, and especially for my grandmother, whom he cared for throughout her 40-year battle with Parkinson’s. A real love story. They are now happily reunited. ❤️ Family came first, a lesson he taught us all. He would bring me international black teas from his United Nations travels, and when I was little we’d have tea parties with cream and sugar. He was at every major event in my life, cheering and standing with a hand in the air, from my high school graduation to college graduation. I can’t believe how lucky I was to have hundreds of Sunday night family dinners with him growing up, where we would debate—and, while I was applying to colleges, endure many tedious Yale mentions. 😂 He was always the kindest. My friends have been sending me wonderful messages with their own stories about growing up with him. He was fiercely competitive when it came to chess, tennis, and just about any other game. He had a bowl of chocolate ice cream every day and often declared, “Hot fudge sundaes all around!” I’m heartbroken to lose our patriarch, and so grateful that we had him until 98. I was lucky enough to say goodbye to him on my grandmother’s birthday, the day before he passed, and to witness his final words with my aunt. Believe it or not, they were: “Ice cream.” 😊 He went out with a bang. I hope this tribute is a reminder that life and family are precious—and certainly to always appreciate your dessert. I love you, Pops, and I’ll miss you forever. Thank you for being the greatest role model any of us could have imagined. Until we meet again. ❤️

OCEAN has promoted Jason Hughes (@wk057) to Chief Technology Officer. Jason has spent nearly fifteen years writing software that Bitcoin miners depend on. At OCEAN, he wrote much of what makes this company worth choosing. He developed TIDES, our transparent and auditable reward system, and architected and built DATUM, which lets pooled miners construct block templates using their own Bitcoin nodes. OCEAN’s commitment to giving miners more control rests on engineering that Jason delivered. He came to that work with years of experience running Eligius, one of Bitcoin’s earliest major mining pools. After taking over its operation in 2012, he developed and maintained much of the software behind it while also operating a mining farm of his own. He understood the problems miners faced because they were his problems, too. Tesla got its own introduction to Jason’s abilities once. An investigation that began with his dissatisfaction with the car’s infotainment system eventually uncovered vulnerabilities reaching its worldwide vehicle fleet. During a demonstration for Tesla, he remotely moved a car in California from North Carolina after being given its VIN. He helped the company address the vulnerabilities and earned what was then its largest-ever bug bounty. We’d put Jason’s engineering record alongside anyone’s in Bitcoin. Having him lead OCEAN’s technology operations is an asset that will help us realize our mission of decentralization. Congratulations, Jason. Continually stoked to have you here. 🌊

Scaling a mining pool from the ground up is extremely difficult, especially when you run on a luck based payout system like TIDES (or PPLNS). The miners who stick with you during the early dog days are the reason you survive and have the opportunity to scale. For OCEAN, Rapha was that guy, coming through with hashrate at critical times before most people knew who we were. Appreciate you Rapha, thanks for the early support and for helping us on this next chapter.

if you fly a drone over the containers, you unlock this easter egg from our ooga booga bbq! hahaha 🤣

OCEAN's Board of Directors has elected Rapha Zagury (@RaphaZagury ) as a Director. Rapha is the CEO of Twenty One Capital (NYSE: XXI) and founder of Elektron Energy, one of the world's largest private Bitcoin miners. Before Bitcoin, he spent years in investment banking and capital markets at Goldman Sachs, Merrill Lynch, and Deutsche Bank. Rapha has been in OCEAN's corner since the early days, long before joining the board. He believed in what we were building when decentralized mining was a much harder sell, and supported us with hashrate from the start. As a miner, Rapha deals with the same things our customers do every day: power costs, uptime, payouts, and pool economics. That keeps OCEAN grounded in what miners actually need. Welcome to the Board, Rapha. 🌊

It was great chatting with @RaphaZagury in Hong Kong to learn more about @twentyone 's strategy moving forward. Full podcast dropping soon! 🎙️ Obrigado, looking forward to seeing you again in NYC at the end of September for @BTCtreasuries 🔥

二十一资本首席执行官告诉彭博社“比特币是世界上最好的储蓄技术”💥 “比特币是一种货币资产，与我们人类所见过的任何其他资产都不同，它非常可预测。货币发行是用代码编写的。” 👏