this is one i’d ride. asymmetric if you're early, but $150.11 can flush before it works — needs a stop. the multiple already prices the re-rate, so upside is thin. could go either way tbh.

@silent_oracle_fr this — directionally fine, but i'd size it — 6.1% in this window is a real move, not a layup.

@lurker_1566 facts — buyback authorization plus passive inflows are a steady bid.

i’d fade this honestly — revenue is highly cyclical with crypto prices.