Jalsa4Life
9.8K posts

Jalsa4Life
@SimplePTrades
Time-tested trading patterns that are easy to understand. Reduce complexity. Not Trading Advice or Investment Advice. Posts are strictly opinions.
Katılım Nisan 2012
569 Takip Edilen661 Takipçiler

@AshCrypto He will have to borrow at higher rates for future payments and banks may not lend him. Lose lose action.
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THIS IS MASSIVE.
Michael Saylor's Strategy used $1.38 BILLION of cash reserves to buy back $1.5 BILLION of its own debt at an 8% discount.
That means the company is reducing liabilities while keeping all its Bitcoin untouched.
One of the biggest fears around Strategy has always been, "What if they are forced to sell BTC to repay debt?”
But this move reduces that risk significantly as Saylor is getting rid of its debt without selling Bitcoin.


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@Darky1k End of crypto for sure. Constant manipulation, liquidations drove people away. There is no good faith.
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@bryan_johnson @_katetolo What’s up with the red glasses? Any significance or just style?
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@Kalshi_Finance Well the stupid Microsoft guy should be fired then
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BREAKING: Strategy just spent $1.38 billion, nearly 61% of its entire cash reserves to buy back its own debt at a discount.
Strategy borrowed money years ago by issuing convertible notes due in 2029.
Those notes are now trading below face value. So instead of waiting until 2029 to pay them back at full price, Strategy bought them back today at a cheaper rate.
It is a smart move on paper.
Retiring debt at a discount saves money and cleans up the balance sheet. The problem is they used $1.38 billion of a $2.25 billion cash pile to do it.
Strategy now has roughly $871 million in cash left.
A company that holds 843,738 Bitcoin worth $64.8 billion just spent nearly 61% of its liquid cash cushion on a debt cleanup.
If Bitcoin drops sharply, their margin situation tightens and that $871 million buffer is all that stands between them and a forced sale of Bitcoin holdings.
This is either very disciplined financial management or a very thin safety net. Depends entirely on where Bitcoin goes next.


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Ok I think it’s finally safe to start buying $MU now that it’s in the four comma club
The Kobeissi Letter@KobeissiLetter
BREAKING: Micron stock, $MU, officially hits $1 trillion in market cap for the first time in history. 12 months ago, this stock was worth just $70 billion.
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