SOFR Capital

@zerohedge Bitcoin or Stables? Sounds like stables from what I’ve read but $btc makes more sense - no risk of Tether intervening.

Iran Gives Approved Hormuz Shippers "Few Seconds" To Submit Payment In Bitcoin zerohedge.com/geopolitical/i…

@Errris_nol5396 See reduction in “investments in securities” line item on 2024 FY 10-K

@sofrcap When did they sell? No info on it

Big sad that $FOUR sold their SpaceX stake. Would’ve been a great proxy for IPO. >4x return in a few years not too shabby though!

@STRchitect Bingo! Even in the event of a bankruptcy $STRF at 1.28BN notional is highly likely to be fully taken care of. Bitcoin needs to be sub ~$5000 to cast doubt on STRF claim payouts…

Anyone else wondering why $STRF is below par? Sure the sky is falling etc… But damn top of capital stack with minimal risk of significant dilution, hasn’t been issued in ages and ATM unlikely to be tapped moving forward. Meanwhile hilariously over collateralized. Future redeem?

@GoogleAI plz fix

@mitchellh Wondering how you approach deciding to fly commercial vs flying yourself? This typically for flights >3 hrs long?

Okay so TIL JetBlue does not let you have multiple tickets for the same route in the same day. For 10+ years I've been buying every refundable ticket for a route for a day (or two) and just canceling as it becomes clearer which time I really want. Works on most airlines. But JB today cancelled all my flights except the first one I booked lol. It makes sense, really, I'm surprised other airlines don't do this or haven't just like outright travel banned me. Anyways, United it is then lol since I'm not sure what time I want to leave tomorrow.

Anyone else hoping for a little more transparency re: reserve? Stated goal was 24 months…