$ASST

Does he own it?

No first-person buy/hold/add/size language ever appears. ASST is cited only as a cautionary example of a stock whose retail equity was wiped out (~98-99%) by excessive ATM dilution. He explicitly disavows positions in the related IREN and treats ASST identically as a negative reference, not a holding.

His thesis

ASST is invoked as evidence in his broader anti-dilution argument: he repeatedly lumps it with BKKT, IREN and SLNH as companies run by the same management lineage that uses large ATM offerings and stock-based comp to enrich executives while destroying retail shareholder value. ASST is presented as a finished cautionary tale, a stock that already collapsed near-totally post-dilution, used to warn followers away from similar dilution-machine names.

How his view evolved

Consistently negative throughout. From the first mention to the last, ASST stays a fixed example of dilution-driven retail wipeout, repeatedly paired with BKKT/IREN/SLNH to support his IREN warning thesis. No shift toward interest or ownership.

Key points

• Repeatedly cited as a near-total dilution wipeout, never as a position
• Grouped with BKKT/IREN/SLNH as shared-management ATM dilution plays
• He disavows positions in related names; ASST is a warning, not a holding

Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $ASST on X ↗