🔥 JUST IN: Bill Miller IV of $350M Miller Value Partners says he’s still a huge Bitcoin bull. https://t.co/6rhtqpcFx4 ...

Uh joining me now is Miller Value Partners, Bill Miller IVth. Bill, uh good to see you. Thanks, uh thanks for coming on.Always good to catch up. Um I I'd love for you to kind of set a framework uh in terms of what has happened uh that bears on crypto investing space in terms of policy and in specific ways why you think that's going to be helpful from here as opposed to it being kind of the thing the market was kind of working toward and handicapping all the way. Yeah.So three landmark pieces of legislation ...

Core Viewpoint - Bill Miller, founder of Miller Value Partners, has a history of outperforming the S&P 500 and has recently initiated a significant position in Verizon Communications, reflecting a strategic shift in the portfolio towards value stocks in the telecommunications sector [1][2][4]. Company Overview - Miller Value Partners' investment portfolio consists of 34 stocks, with Verizon being the largest new holding added in the first quarter of 2025, amounting to 198,000 shares valued at $8.98 million [2][4][5]. - Verizon's market capitalization is approximately $183 billion, and the new stake represents 4.09% of Miller Value Partners' total portfolio [5]. Financial Performance - Verizon's forward price-to-earnings ratio is 9.2, significantly lower than AT&T's 13.4, indicating a more attractive valuation [6]. - The company reported a wireless service revenue of $20.8 billion in the first quarter, showing year-over-year growth in both revenue and earnings [7]. - Verizon's adjusted EBITDA reached its highest level ever, with the strongest growth rate in nearly four years [7]. Growth Prospects - Verizon anticipates closing its acquisition of Frontier Communications in early 2026, which could further enhance its growth trajectory [8]. - The company has demonstrated a strong free cash flow increase, rising to $3.6 billion in Q1 2025 from $2.7 billion in the previous year [9]. Dividend Policy - Verizon has increased its dividend payout for 18 consecutive years, indicating a commitment to returning value to shareholders [9]. - The company's financial health supports the continuation of this dividend growth, with a clear pathway for meaningful debt reduction ahead of the Frontier acquisition [12]. Debt Management - Verizon's net unsecured debt stood at $115.1 billion at the end of Q1 2025, which is $11 billion lower than the previous year [11][12]. - The company's net unsecured debt to consolidated adjusted EBITDA has improved year-over-year, suggesting better debt management [12].