One prefers, naturally, investments rooted in tangible creation, in adding genuine value to the world. A company that doesn’t merely promise returns, but enables them. And in this regard, ASML, the Dutch masters of lithography, present a case far more intriguing than any blockchain.
This isn’t, of course, magic. It’s the predictable result of hyperscale cloud providers – those vast, digital kingdoms where all your cat pictures reside – hoarding Sandisk’s wares. Add to that a perfectly timed industry-wide shortage of NAND chips – the tiny, silicon sprites that store all this data – and you have a price surge that would make a dragon envious. Everyone’s predicting more of the same for the next little while, and naturally, the question arises: could a mere ten thousand crowns2 invested today blossom into a king’s ransom? Let’s not get carried away.
The weighted average purchase price, for those keeping score, was $50.45. A perfectly respectable figure, wouldn’t you agree?
Okta, at the beginning of March, deigned to release its accounts for the fiscal year 2026. A 12% increase in revenue, they proclaim. A modest sum, one might say, though sufficient to keep the clerks employed. Subscriptions, nearing three billion… a number large enough to impress a provincial governor, but hardly enough to fund a proper opera house. They even managed to transform operating losses into a meager gain. A feat of accounting, undoubtedly, though one suspects a great deal of shuffling and reclassification was involved.
SoFi and Upstart. Two names that used to hum with promise. Now? They’re down, not out, but definitely leaning against the ropes. SoFi’s lost a third of its value this year. Upstart, a little more. The kind of drops that make nervous investors reach for the smelling salts. I’ve been watching them, a slow burn of observation, and maybe, just maybe, there’s a flicker of something worth considering.
The company, guided by the will of its founder, has eschewed the traditional paths of automotive manufacture, choosing instead a direct appeal to the consumer—a bold strategy in a world accustomed to intermediaries. This, coupled with a relentless pursuit of innovation—a quality often mistaken for wisdom—and a positioning of its vehicles as emblems of status, has captured the imagination of many. One observes, however, that the human desire for distinction is as old as civilization itself, and easily exploited. The question is not whether Tesla has met a need, but whether it has created one, and at what cost.
Anyway, Bitwise’s Matt Hougan thinks Bitcoin could hit a million bucks. A million. He’s basing it on “reasonably conservative assumptions,” which, let’s be real, is always a phrase that sets my internal alarm bells ringing. It’s like saying “slightly used nuclear reactor.” Still, the man’s done his homework, apparently.
They bought the shares. Sunrun shares. A simple transaction. A little bit of hope, a little bit of speculation, all wrapped up in publicly traded stock. The value, as of the end of the quarter, was nine point two million. The market, as always, does what it wants. So it goes.
The figures, as presented, are perfectly respectable, though one does wonder if Mr. Gary is planning a particularly lavish holiday. The transaction value, based on the SEC Form 4’s reported price of $55.47, seems perfectly reasonable, and the post-transaction calculations, while a bit of a bother for a simple investor like myself, appear to be in order.
So, two things are likely to define Alibaba’s next act. And I’m not talking a dramatic monologue; I’m talking actual business developments. Buckle up.