"Today's the day." --Mel Fisher
The importance of the this company's annual letter.
From hunting treasure to using statistics, Ross Stevens explains why Bitcoin is a vital tool for human rights.
The highlight is a moving message from Maria Karina Machado that shows the emotional heart of the tech. Stevens argues that optimism is a strategy: if you don’t believe in your success until it’s guaranteed, you’ll never get there.
Article: Stone Ridge 2025 Investor Letter


Stone Ridge 2025 Investor Letter
Stone Ridge 2025 Investor Letter from Ross Stevens, Founder and CEO