REJECTEDWALL #129
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/129
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Five bullet Friday - Issue #93
Published on samikkurty.com | Five Bullet Friday Investor Update
Dear Partners,
There is a huge bitcoin conference happening in Miami this week. It was interesting to catch up on
various perspectives from various industry leaders. They had a cool domain: https://b.tc/conference/. It is hard
to beat b.tc domain name and had 13,000 attendees from every corner of the world.
1. I always enjoy reading Twitter CEO Jack Dorsey's interviews. He is very thoughtful in his replies. He
said, bitcoin is the most important thing that he will work on in his lifetime. There has been a lot of talk that
Twitter is going to invest a big chunk of its cash balance on bitcoin. First it is individuals, then it is
companies after that it will be central banks.
2. This week we have claimed our SNX rewards for last week as well. SNX has dropped from $28 to $12.
This has caused us to reduce our debt as the price declined. We collected 19,000 SUSD and 4965 SNX
tokens for last week. This gave a yield of 53% as seen in retained earnings. Increasing the debt also increases
our risk. So I have reduced our debt by $1 million.
3. I am expecting a big airdrop of THALES token to all Synthetix holders. Synthetix DAO has funded this
project, as described here: https://blog.synthetix.io/thales-secures-seed-funding-from-synthetixdao/ This staking
rewards will be added to our regular income. Many new projects are getting launched and these tokens will
start trickling in.
Published on samikkurty.com | Five Bullet Friday Investor Update
Dear Partners,
There is a huge bitcoin conference happening in Miami this week. It was interesting to catch up on
various perspectives from various industry leaders. They had a cool domain: https://b.tc/conference/. It is hard
to beat b.tc domain name and had 13,000 attendees from every corner of the world.
1. I always enjoy reading Twitter CEO Jack Dorsey's interviews. He is very thoughtful in his replies. He
said, bitcoin is the most important thing that he will work on in his lifetime. There has been a lot of talk that
Twitter is going to invest a big chunk of its cash balance on bitcoin. First it is individuals, then it is
companies after that it will be central banks.
2. This week we have claimed our SNX rewards for last week as well. SNX has dropped from $28 to $12.
This has caused us to reduce our debt as the price declined. We collected 19,000 SUSD and 4965 SNX
tokens for last week. This gave a yield of 53% as seen in retained earnings. Increasing the debt also increases
our risk. So I have reduced our debt by $1 million.
3. I am expecting a big airdrop of THALES token to all Synthetix holders. Synthetix DAO has funded this
project, as described here: https://blog.synthetix.io/thales-secures-seed-funding-from-synthetixdao/ This staking
rewards will be added to our regular income. Many new projects are getting launched and these tokens will
start trickling in.
4. OHM has experienced a big drop in its price. $OHM's current market cap is close to $60 million. But it is
already sitting on a treasury worth $30 million. dollars. If you value the OHM like a typical stock, it is
trading at a P/E ratio of 2. There is a comprehensive document on OHM's design: https://docs.google.com/
document/d/17xm8Qbwn6oy1E8ZBXNMh3IVftBxMEtiD_NJtbIoV05A/edit
5. The main beauty of OlympusDAO lies in its ability to compound our rewards. In a typical proof-of-stake
operation, If we stake $10 worth of tokens we could receive 2 tokens in a year. It is set based on our staked
tokens like a simple interest. In case of OHM we start earning rewards not just on $10, but on $12 after one
rebase cycle. It starts slow but ramps up to extraordinarily high returns in the long-term. Image taken from the
above document.
I continue to be bullish on the crypto markets. My target for bitcoin by the end of this year is $100,000 and
ETH is close to $10,000. Since the market declined a lot, this is a great time to dollar-cost average into your
position this month.
Have a wonderful weekend!
warm regards,
Sam
Source: samikkurty.com | This document is part of the public record of the CFTC v. Ikkurty case.
already sitting on a treasury worth $30 million. dollars. If you value the OHM like a typical stock, it is
trading at a P/E ratio of 2. There is a comprehensive document on OHM's design: https://docs.google.com/
document/d/17xm8Qbwn6oy1E8ZBXNMh3IVftBxMEtiD_NJtbIoV05A/edit
5. The main beauty of OlympusDAO lies in its ability to compound our rewards. In a typical proof-of-stake
operation, If we stake $10 worth of tokens we could receive 2 tokens in a year. It is set based on our staked
tokens like a simple interest. In case of OHM we start earning rewards not just on $10, but on $12 after one
rebase cycle. It starts slow but ramps up to extraordinarily high returns in the long-term. Image taken from the
above document.
I continue to be bullish on the crypto markets. My target for bitcoin by the end of this year is $100,000 and
ETH is close to $10,000. Since the market declined a lot, this is a great time to dollar-cost average into your
position this month.
Have a wonderful weekend!
warm regards,
Sam
Source: samikkurty.com | This document is part of the public record of the CFTC v. Ikkurty case.
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StatusREJECTED
Posted2026-04-14T08:13:14.000Z
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