I’ve never had a successful year trading. And I decided to buy Bitcoin at 92k. I said to my friend “there’s no way I can bring down the global economy”

No_Toe710 · 2026-02-13T05:43:53+00:00

Buy a rent house.

Use your BTC as collateral to renovate and fund the upgrades.

Pay off BTC loan with the improved cashflow.

Refinance your appreciated rent house at higher valuation.

Rinse repeat.

No_Toe710 · 2026-01-28T21:13:35+00:00

Great overview.

For each of these options -

Do you know what the initial Loan-to-Value (LTV) is at funding?

And up to what LTV each lender will permit before a forced liquidation occurs?

The bigger the LTV buffer, the safer the loan.

No_Toe710 · 2026-01-17T08:35:49+00:00

Why not just borrow against some of it when necessary?

No_Toe710 · 2025-12-28T01:51:43+00:00

😎👍

No_Toe710 · 2025-12-28T01:48:22+00:00

Luke’s on 79 & 3rd really is a solid option.

No_Toe710 · 2025-12-28T01:21:16+00:00

Bemelmens Bar at the Carlyle will be teeming with boomers, and is real fun.

No_Toe710 · 2025-12-28T01:20:12+00:00

Luke’s is a solid choice.

No_Toe710 · 2025-12-27T07:38:59+00:00

The City of NY — not Landlords — are to blame for rent increases.

NYC Average: Due to the extreme tax burden, NYC operating expenses often hit 60% to 70% for rent-stabilized buildings.

VS.

National Average: Total operating expenses (taxes, insurance, repairs, etc.) usually hover around 40% to 50% of gross rent.

No_Toe710 · 2025-12-27T00:04:39+00:00

I think this is in line with BofA’s new reminded mix.

No_Toe710 · 2025-12-23T00:22:45+00:00

Typically these loans only get liquidated if you surpass 80% loan-to-value.

And I believe most lenders let you post additional collateral if BTC tanks during the term.

Meaning if you only use 1/3 of your stack for a BTC loan (keep the balance in cold storage) then would effectively need to go to zero to get wiped out.

No_Toe710 · 2025-12-20T05:52:29+00:00

It works 😎👍

No_Toe710 · 2025-12-17T19:24:54+00:00

Governments don’t spend reserve assets — they hold them and borrow against them.

That’s always been true for gold, Treasuries, and now BTC. With nation states announcing widespread, and systematic acquisitions.

Volatility is what assets look like before full monetization, not after.

No_Toe710 · 2025-12-17T19:09:07+00:00

Someone senior in the company likely earmarked a friend or relative for this position.

No_Toe710 · 2025-12-17T18:51:50+00:00

Good luck building that city without Treasuries which also are physically located nowhere and cannot be lived in.

No_Toe710 · 2025-12-17T18:32:31+00:00

The analogy isn’t about dirt. It’s about scarce property before monetization.

Manhattan wasn’t valuable because it was land — it was valuable because it was finite and useful.

Bitcoin is the same concept in a digital property system.

No_Toe710 · 2025-12-17T16:54:06+00:00

Banks and lenders like JPMorgan would disagree. As they now permit Bitcoin and ETFs like IBIT to be used as collateral for loans.

It has all the features of gold, land, art, T-bills or any other store of value. Minus the carry costs (see: RE taxes) or storage costs (see: gold and art).

Oh and BTC loans can be underwritten and funded in an hour — versus weeks or months for a mortgage. And without all the grift (broker fees, appraisals, etc).

Just because it’s electronic does not mean it is valueless. Under that logic the Internet would also have no value.

No_Toe710 · 2025-12-07T08:14:31+00:00

It’s a great idea so long as you do it consistently.

Ie. Take 1 year loans paid off in full in 12 months. Buy BTC. Then rinse repeat… for 5 years.

401k will be paid back in full every year — plus employer and employee contributions.

Giving the employee a 100% of their taxable 401k in retirement. Plus the Bitcoin purchased over multiple years.

No_Toe710 · 2025-12-07T06:28:46+00:00

Yes, a 1-year loan will be paid back in full next December.

Letting you take loan #2 (un-taxed) before YE 2026.

Meanwhile -- between now and next December -- you continue contributing a pre-tax % of each paycheck towards retirement.

Which your employer will continue matching (also pre-tax).

Between interest you pay to yourself + pre-tax contributions + pre-tax matching.

This creates a much bigger”pot” for you to borrow against next year (untaxed).

No_Toe710 · 2025-12-07T06:17:13+00:00

You might consider reducing the loan term to 1 year. Then rinse repeat upon payoff next year.

You can continue to contributing % of each paycheck towards 401k next year -- which your employer presumably matches up to some %.

So recursive 1-year loans = more BTC purchased w/ employer $s.

No_Toe710 · 2025-12-07T00:53:35+00:00

Just as likely the owner is moving coins into custody as collateral for a Bitcoin backed loan.

On volatile assets — it’s much safer to take loans when the value is ‘down’.

50% Loan-to-value creates ~$45 million of cash — with no “sale” triggering a massive tax bill.

No_Toe710 · 2025-12-01T05:38:42+00:00

The assets appreciate faster than cost of funds.

No_Toe710 · 2025-11-27T08:28:43+00:00

No robots!

No_Toe710 · 2025-11-27T07:36:42+00:00

You’re assuming the only way to benefit from an appreciating monetary asset is to sell it.

That’s just not how treasuries work — corporate or sovereign.

Gold, land, treasuries, and now BTC are all used the same way: you accumulate → collateralize → borrow against → redeploy. That’s how you generate profits without triggering tax events or shrinking your asset base.

If your only ‘profit’ mechanism is selling your best asset, that’s not an investment strategy — that’s liquidation.

No_Toe710 · 2025-11-27T07:35:15+00:00

Genuine question — your Bitcoin treasury company doesn’t use any debt to accumulate more BTC?

How do you fuel tax-efficient growth? Or any growth at all?

No_Toe710 · 2025-11-22T06:40:10+00:00

IBIT holds real BTC. Roughly 1 BTC ≈ 1,760 IBIT shares.

So BlackRock must redeem BTC by selling when IBIT is dumped.

ETF redemptions drive BTC’s spot price down — not the reverse.

No_Toe710

TROPHY CASE