🔬 The author warns against $IREN, $BKKT, and $ASST due to excessive dilution from ATMs, leading to significant losses for retail investors

high convictionFirst mentioned Feb 17, 2026

The author warns against $IREN, $BKKT, and $ASST due to excessive dilution from ATMs, leading to significant losses for retail investors.

Evidence & details
Evidence
  • +Post states strategy is identical across BKKT, ASST, and IREN: generate retail hype, wait for stock spike, dump shares via ATMs.
  • +Public information about management track record with BKKT and ASST.
Catalysts
  • Retail hype cycles
  • ATM offerings
Risks
  • Dilution from ATM offerings
  • Retail shareholder losses

Chart

Post Timeline · 2 posts

risk signal

The community / influencers shilling $IREN, $BKKT, and $ASST are the most delusional and harmful group on X. Markets are the greatest arbiter of truth. If something is down 99%. And the next stock they try pushing has a $6,000,000,000 active dilution. And you show that it’s …

Thesis: Warns that stocks promoted by influencers (IREN, BKKT, ASST) are dangerous due to extreme dilution and poor performance, making investors exit liquidity.

view on X ↗IREN · BKKT · ASST
risk signalmedium

@hoiyeahhhh Across $BKKT, $ASST, and maybe $IREN. The strategy has been identical. Generate massive retail hype around a hot narrative (Bitcoin treasuries, AI agents, DCs), wait for the stock to spike, and immediately dump shares via ATMs to fund operations and pay executive SB…

Thesis: Management across these companies uses a strategy of generating retail hype around hot narratives, then dumping shares via ATMs to fund operations and executive compensation, hurting retail shareholde…

view on X ↗BKKT · ASST · IREN
Current Price
$17.80
via cornerstones
Return from entry
entry Feb 17, 2026
Thesis Lifecycle
🟢
openedFeb 17, 2026

Robinhood users are holding overhyped stocks (HIMS, DUOL, BMNR, CRWV, ASST) that are likely to drop 50-70%+ as market conditions sour.

source ↗
📝
updatedMar 8, 2026

Management across these companies uses a strategy of generating retail hype around hot narratives, then dumping shares via ATMs to fund operations and executive compensation, hurting retail shareholders.

source ↗
📝
updatedApr 12, 2026-1 conv

Warns that stocks promoted by influencers (IREN, BKKT, ASST) are dangerous due to extreme dilution and poor performance, making investors exit liquidity.

source ↗
📝
updatedApr 12, 2026+2 conv

The author warns against $IREN, $BKKT, and $ASST due to excessive dilution from ATMs, leading to significant losses for retail investors.

source ↗
💤
dormantMay 29, 2026

No qualifying thesis event for 45+ days.