KULR's case rests on scaling production and generating real profits, with the ramp funded by a bitcoin-backed loan from Coinbase. The risk is that the stock remains heavily correlated with bitcoin, though the recent pullback has not hurt it much. The CEO has committed to buying no more bitcoin, but it is still a financial asset on the balance sheet and serves as the loan's collateral. x.com 

KULR Technology is set up for a short squeeze, with short interest above the 20% threshold on a float of 44M shares. It makes batteries for defense, transportation and space, reports earnings tomorrow after the bell and has technical momentum, with $6.00 the next major level. x.com 

KULR is a tiny thermal-management company with tiny sales and fat losses, leaning on a bitcoin treasury for personality; its NASA name-drop doesn't pay for the cash burn. x.com 

Metaplanet's management and shareholders are now much better aligned after the company cut the controversial Series 10 award by 131M shares, or 41%, including about 79M from CEO Simon Gerovich, a $123M forfeit. Remaining exercises move to 2029-31, the plan to recycle legacy options is scrapped, and extra compensation from share issuance after September 2025 is stripped out. Bitcoin per effective diluted share rises 8.8% mechanically as a result. x.com  x.com 

Metaplanet's zero-interest financing lets it buy back stock and lift bitcoin per share without selling its coins. It just raised $329m in five-year euro-yen convertibles, with $149m for bitcoin-backed loan repayment and up to $179m for repurchases starting tomorrow. It holds 44,000 BTC; this is a bitcoin treasury play half of crypto Twitter is overlooking. x.com 

Strategy is cooked after mismanaging its balance sheet, per Jeff Dorman speaking with Laura Shin. It raised about $2 billion to cover dividends for 18 months, then a month later spent $1.4 billion of that cushion buying back 2029 convertible debt at 92 cents, debt not due for three years. That cut the cushion to about four months, and Michael Saylor now signals Strategy may sell bitcoin, which Dorman says is why both bitcoin and the stock are imploding. x.com 

Amprius Technologies' 27% post-earnings drop is an overreaction to a 2-cent EPS miss, and a quick turnaround looks likely. Revenue hit a record $28.5M, up 153% and 11% above estimates; gross profit rose 343%, the net loss narrowed 46% and gross margin reached 20%, or 22% excluding one-time Colorado costs. Full-year 2026 guidance was raised to at least $130M. Its NDAA-compliant silicon-anode batteries, with twice lithium-ion's energy density, supply Pentagon drone programs. x.com 

Strategy's new capital framework marks a shift to selling bitcoin at a loss to cover debts, at best a graceful unwind and more likely a head fake before lower. Having issued perpetual preferreds and converts against an asset with no cash flow, and with more common dilution untenable, it becomes a permanent bitcoin seller whose stack shrinks each year. Saylor sits on about $14B of unrealized losses, and 1920s investment trusts that sold holdings to buy back shares entered a death spiral. x.com  … Show more

Strategy separates itself from spot Bitcoin ETFs in volatile markets because it can accretively stack Bitcoin through equity and debt issuance, compounding Bitcoin per share. That disciplined capital allocation supports a persistent premium, and its transparency is why institutional capital treats it as the ultimate Bitcoin yield vehicle. Michael Saylor says Strategy remains focused on Bitcoin, disciplined allocation, credit quality and long-term value creation. x.com 

Strategy's board-approved framework allowing bitcoin sales is a pressure valve that signals building stress and could start a downward spiral. Its $2.55B USD reserve covers only 17 months of dividend and interest payments, its 847,000 BTC carry about a $13B unrealized loss, and the stock fell almost 30% in a week. Because Strategy holds 2.8% of all bitcoin, even small sales would be seen instantly, panicking MSTR holders whose thesis is never selling and making new equity raises harder. x.com