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Spin

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@spinzone12

Entrou em Ekim 2009
333 Seguindo690 Seguidores
Spin
Spin@spinzone12·
@jjwallnutts @BullTheoryio Listen to the conference call. They plan on arbitraging STRC and Bitcoin the maximize BTC per share. They have high cost BTC that they can sell and buy right back to capture a 2 billion dollar tax loss. Pure financial engineering.
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Bull Theory
Bull Theory@BullTheoryio·
BREAKING: $STRC just hit at $85.32, its lowest level ever. It could force Strategy to sell more Bitcoin. STRC is Strategy's preferred stock that pays an 11.5% annual dividend. When it trades below its $100 par value, the market is signaling that the yield is not high enough. To bring STRC back to its peg, Strategy would need to raise that dividend rate. But raising the dividend rate means a higher annual cash obligation. Strategy is currently funding that cash by selling MSTR shares. The problem is MSTR's NAV premium has compressed close to 1x, meaning there is almost no room left to dilute further. That could force them to look at this option. SELL BITCOIN. Strategy also responded directly to these concerns. According to their latest 8-K filed June 15, their $55 billion Bitcoin reserve covers $1.7 billion in annual dividends and interest expenses for 32 years. Bitcoin only needs to appreciate 3.1% per year for them to break even on that obligation. On paper, the cushion looks significant. But STRC is still trading at $86, $14 below its $100 par value. The market is not convinced yet. When Strategy sold just $2 million worth of Bitcoin last time, the price dropped 20%. If Strategy is forced into becoming a consistent seller, the impact on Bitcoin would be significant. Strategy has been the single largest institutional Bitcoin buyer in the world. The data says they have 32 years of runway. The market is still pricing STRC at a discount.
Bull Theory tweet mediaBull Theory tweet media
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The Sinister Mr. Wolfe
The Sinister Mr. Wolfe@desk_jedi·
Thank you @JimmysSeafood for helping make eating out great again!
GIF
Jimmy’s Famous Seafood@JimmysSeafood

👔 Today’s Father’s Day spotlight is on Peter! A proud father of six, Peter embodies everything we value here at Jimmy’s - hard work, dedication, kindness, and family. We’re incredibly grateful to have him on our team and proud to celebrate him this Father’s Day. Join us as Peter packs one of our special Father’s Day Boxes, filled with some of his favorite Jimmy’s items and ready to make Dad’s day extra delicious! 📦 There’s still time to order yours and have a Jimmy’s feast delivered straight to Dad’s door. Happy Father’s Day to Peter and all the amazing fathers out there!

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Spin
Spin@spinzone12·
@CalebFranzen @saylor touts the volatility when it’s too his advantage but crickets when it’s trading well below par. He needs to fix this asap before investors simply switch to ASST.
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Caleb Franzen
Caleb Franzen@CalebFranzen·
$STRC isn't supposed to "depeg". It's volatility and downside should be minimal. Instead, it's down 10%. But the capital invested in $STRC isn't expecting that. The investor base gets betrayed, so to speak. I'd rather take more vol and more downside in BTC, knowing that it's doing exactly what I expect it to, rather than to expect stability, allocate capital based on that stability, and then get surprised with hard and fast downside. And that vol in BTC also works to the upside... If Bitcoin puts in a bottom here and grinds back to the May highs, it would gain +30%. But $STRC would gain +10%, plus maybe one or two extra percentage points from the yield, depending on how long the move would take. And listen... A 10% decline isn't crazy, in a vacuum. But a 10% decline in 16 trading sessions? For an instrument like this? Yeah, no thanks. It's like buying a high dividend stock for the stability, the lower beta, and the slow returns, only to watch it trade like a memestock to the downside. Or buying utility stocks in advance of a recession, only to watch them underperform the S&P 500. That kind of "betrayal" is exactly what's happening with $STRC.
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Spin
Spin@spinzone12·
@diglloyd Timeframe on yield means absolutely nothing. The peg does.
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diglloyd
diglloyd@diglloyd·
Mulling over $STRC $SATA $STRD $STRK today, I came to realize something. And I felt it in my body physicaly, with conviction nothing else can touch: I despise waiting 3 months or 1 month or 2 weeks for a dividend. Super annoying. The loss of optionality is severe, while carrying risk the whole time. $SATA has no peers. $STRC is a defective product—lower yield, 15X longer interval for payouts. IT'S THE DAILY DIVIDENDS, STUPID. It's not the yield, though it contributes. It's the absurdity of not being paid EVERY DAY. It's the absurdity of taking on RISK for 15 days or 30 days or 90 days. @AdamBLiv @ZynxBTC @HermesLux @RoaringRagnar @ColeMacro
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BitMEX Research
BitMEX Research@BitMEXResearch·
@StreetSweeper_3 > a preferred equity yielding 30% Who says it will yield 30% When it trades at $40, the expected coupon could be much lower
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BitMEX Research
BitMEX Research@BitMEXResearch·
When $STRC is trading at around $40 and $MSTR issues shares at a large discount to mNAV to buy back $STRC, Saylor will probably claim this highly accretive to shareholders
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Spin
Spin@spinzone12·
@MatthewMKE98 He won’t dare tax eating. He’ll go broke.
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Spin@spinzone12·
What exactly happened to stewardesses? They used to be so nice. They are all miserable and condescending.
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Spin
Spin@spinzone12·
@natbrunell How about Boeing, Citadel and Caterpillar. They must be proud.
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Natalie Brunell ⚡️
Natalie Brunell ⚡️@natbrunell·
First they fumbled the Bears. Now Illinois is the first state in America to tax Bitcoin 0.2% on the value of transactions including transfers to personal wallets? Slipped into the budget at the last minute? This will head for a court fight. Illinois keeps drifting toward the tax-everything, government-knows-best mindset that socialism is built on. This is just the newest step. Do better.
CoinDesk@CoinDesk

NEW: Illinois Governor Pritzker has signed a 0.2% tax on crypto transactions into law including transfers between personal wallets, with the Crypto Council for Innovation calling it "the most punitive digital asset tax in the country."

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Spin
Spin@spinzone12·
@Crypto_Mags No actually one of the most retarded policies period.
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Spin@spinzone12·
@Read_Meee I ate dirt as a kid. I’m fine.
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SILVER
SILVER@Read_Meee·
Plot twist: My baby is due in December and my husband's ENTIRE family decided that means they're all flying to *my* house for Christmas. I'm talking 10-15 relatives, during peak flu and RSV season, all wanting to hold a newborn. Or worse, watching me waddle around 9 months pregnant trying to host a holiday. Seriously? 😩 I told them no, I don't want a house full of people when I'm either about to give birth or recovering postpartum
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CoinDesk
CoinDesk@CoinDesk·
MARKETS: Bitcoin whales have reversed months of selling. Addresses holding 1,000+ $BTC now control 7.17M $BTC, their highest level since March, per Santiment.
CoinDesk tweet media
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Spin
Spin@spinzone12·
@RealJessica That’s the point. They come to burn it down because they hate western civilization.
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Based Jessica
Based Jessica@RealJessica·
Why do Muslims want to come to the USA or Europe, and then try to create the same horrible society that they fled from?
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Booking.com
Booking.com@bookingcom·
@spinzone12 Hi Spin we've responded to you via DM. Please check it. Kind regards.
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Spin@spinzone12·
@fraustoML @Airbnb Do not book with @Airbnb or @bookingcom EVER. These companies never help when you need them. Absolute Wild West on both platforms. Book direct with a hotel and save yourself the aggravation and money.
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frausto •ᴗ•
frausto •ᴗ•@fraustoML·
so @Airbnb let me get this straight we pay $1100 to stay at an airbnb, they then hold the keys hostage until 9pm for check in, only for them to tell me they won’t give us the keys until we pay for an authorization hold, that would be £1,100. we realize that it’s against airbnb TOS, we report it, and one of your representatives TELLS us that he is “withholding the keynest details until an offsite hold is authorized” they said they would help us and we have been waiting for 15 hours, we had to get an emergency hotel for £100, and haven’t gotten a response back for accommodation this week.
frausto •ᴗ• tweet mediafrausto •ᴗ• tweet mediafrausto •ᴗ• tweet mediafrausto •ᴗ• tweet media
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Lia the Trader 👸💸
Lia the Trader 👸💸@Liathetrader·
Year 2 as a landlord of a rental property in the USA. I fucking hate it. Paid 550k cash. Fees are idiotic. Constantly something broken. Making 1-2% yearly max from rentals. Price didn't move so far. Sure it will at some point but I don't think I will make more than 100% in a decade. For me as a trader who can make 50-100% yearly on my account, this is the worst investment. I will dump that damn place soon and never again.
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Brian Armstrong
Brian Armstrong@brian_armstrong·
This Illinois law is remarkably bad - it will end up hurting the state, kill jobs and push innovation out of the state. Coinbase has 1,517,628 customers (aka voters!) in Illinois. If you think this is bad policy, sign up at @standwithcrypto and let your representatives know
miles jennings@milesjennings

This is one of the most anti-crypto laws in the U.S. It taxes the exchange, transfer, or storage of digital assets—you buy BTC, you pay a tax; you hold your BTC on Coinbase, you pay a tax; and so on. There is effectively no comparable state financial transaction tax on stocks, bonds, or derivatives anywhere in the country. That means crypto is being singled out in violation of several federal laws. Further, the approach makes little sense—you aren’t taxed if you exchange a stock, bond, or derivative in paper form, but you are taxed if they happen to be recorded on a blockchain? That’s like taxing email. So, rather than embracing innovation and the cost efficiencies blockchains can deliver for ordinary people in Illinois, the state is poised to punish its entrepreneurs and citizens that want to use crypto. This is a shame—it was only just recently that Illinois embraced a constructive approach to blockchain technology through the adoption of the effectively-scoped Digital Assets and Consumer Protection Act. This new tax is a complete 180. When states adopt discriminatory, asset-specific taxes that drive builders and users elsewhere, we all lose.

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@jjwallnutts @BullTheoryio @GhostofWhitman @JimmysSeafood @desk_jedi @CalebFranzen @saylor @diglloyd