Monday’s writeup on $BRR has already yielded some excellent subscriber questions. Let’s address them: Phil asks: Was curious on how you view the convertible debt on their balance sheet. At $99MM it’s quite significant. There seems to be increased concern recently from other BTC companies about such debt and a concerted effort to remove … Read more
CPI of 3.4% was in line with expectations and a small decrease vs last month’s 3.5%. The monthly change was 0.1% and as usual, was driven by shelter which accounted for two-thirds of the rise. Core CPI of 2.5% was also in line with estimates and slightly below last month’s 2.6%. The monthly change of … Read more
Introduction: I think about ProCap Financial as two businesses. The company owns 5,457 Bitcoin worth $354MM as of August 7th, 2026. There is also a startup AI-powered financial business called CFO Silvia. The total market capitalization (aggregate value) of the company is $238MM which means that you’re paying 67% of NAV if you buy the … Read more
I’ll be in the Lake Atitlan, Guatemala are for the next two weeks. While I’m here, I’m open to a small number of in-person conversations. If you’re based locally, or know someone here you think it would be worthwhile for me to meet, feel free to reach out privately at IR@DeepKnowledgeInvesting.com. DKI also added a … Read more
Was I the target of a fraud attempt? You tell me. I received a call during dinner this evening from a number that showed up on my caller ID as being from Morgan Stanley. The person on the line told me he was calling about a check I had entered into the online banking system … Read more
I’m still in Antigua, Guatemala where the weather is beautiful and I was woken up at 1am by the second earthquake in two weeks here. If one of you has upset a volcano, please apologize. The Federal Reserve kept the fed funds rate unchanged. Many expressed concern regarding the three dissenters who wanted a 25bp … Read more
