“A river cuts through rock not because of its power, but its persistence.”
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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.
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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.
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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-…
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RT @TruthGundlach: Coreweave has to pay personal loan rates to borrow money.
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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.
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dotoshy retweeted
Goldman Sachs Trading Corporation (1930s) resorted to issuing dividend arrearage certificates instead of just paying dividends...so they could always do that. 🤣😂
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At $2.9B of pref against $2.9B of BTC, the residual BTC value for common is zero, with coverage of exactly 1.0x.
The common is effectively becomes a call option struck at the pref's liquidation value.
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dotoshy retweeted
Andrew Kang was shilling astrology coins and slerf two years ago now he's on CNBC next to a robot
Amazing barbell
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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
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Leave her alone @BritishHodl
Grandma Puts Scammer On Hold To Answer Call From Different Scammer buff.ly/uWVfu7b
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