Strive's risk officer: "We could raise debt at 6% or a 0% convert, but a convert sells equity, so we issued SATS at 16.7%."
Of those three choices, they picked the worst one. Common shareholders should be worried if what he’s saying is true.
PBIT gives you a slice of Bitcoin's upside (capped) with some downside protection, using an options overlay on IBIT.
The tradeoff: gains are capped for softening sell offs.
BREAKING🚨 @BlackRock just filed for another Bitcoin ETF. This one will be a "buffer" Bitcoin ETF which will means it will offer downside protection but investors will give up some upside to get that protection. Ticker will be $PBIT.
Brent has now traded above $100 for 5+ weeks
dotoshy retweeted
$MSFT Microsoft has canceled an AI data center deal with Nvidia-backed Nscale in the UK 🤖❌
The facility was expected to house around 23,000 Nvidia GPUs, but electricity may not be available until the 2030s.
Other deals between Microsoft and Nscale are not affected.
dotoshy retweeted
"AI Credit Spreads and hyperscalers specifically are at the widest levels of the year. The last time spreads were nearly this high, the underlying equities were 15% lower."
"Trick Or Treat": Goldman's Spooky Chart Pack Shows AI Credit Pricing In A 15% Drop For Hyperscaler Stocks zerohedge.com/markets/trick-…
There were signs.
xitter.cf/dotoshy/status/2075272…
Strive just raised $630M at 16.7% effective.
That’s CCC junk yield but perpetual, junior, non-callable.
CCC cost without CCC maturity.
Strive announces upsized IPO of $SATS to $700M notional, priced at $90 per share.
We'll discuss the details in depth on the next @HurdleRatePod, which will be released when the IPO settles next Tuesday.
dotoshy retweeted
Goldman Sachs Trading Corporation (1930s) resorted to issuing dividend arrearage certificates instead of just paying dividends...so they could always do that. 🤣😂
dotoshy retweeted
Andrew Kang was shilling astrology coins and slerf two years ago now he's on CNBC next to a robot
Amazing barbell
Another preferred, now a junior tranche paying 15%, sitting under a senior preferred paying 12%. Both are "for institutions," but they're marketed to and owned by retail. Makes sense.
Strive is offering $SATS through an IPO available to select investors.
- 15% fixed-rate perpetual preferred stock
- Cumulative dividends paid every business day
- Junior to SATA
INVESTOR PRESENTATION TIMESTAMPS
00:00 - Introducing SATS
01:46 - Executive Summary
18:50 - SATS Improves SATA
21:06 - Dividend and Balance Sheet Strength
27:33 - Performance and Liquidity
30:48 - Bitcoin Thesis
40:26 - Amplification and Risk
$SATS $ASST $SATA
dotoshy retweeted
Leave her alone @BritishHodl
Grandma Puts Scammer On Hold To Answer Call From Different Scammer buff.ly/uWVfu7b
