😬 @jdorman81 on Strategy's capital structure crisis: no matter which stakeholder class you own, the risks are higher than nine months ago.
Every option Saylor has damages at least one class of holder. 🎧
Timestamps:
🐦 01:18 How MSTR was sitting pretty until it complicated its capital structure and put itself in a bind
🎾 04:49 How MSTR committed an unforced error, giving itself only 5 months of cash left
🔀 08:43 Four options, four stakeholder classes, at least one loser each
💼 20:23 Fidelity: Explore opportunities at https://t.co/8dua6AZQXA
📊 21:23 Jeff ranks the capital structure positions by probability
🎲 27:00 Polymarket: a confirmed Bitcoin sale is resolving 'no.' How did that happen?
@Cyber_Trailer@elonmusk@robotaxi@Tesla So far @elonmusk hasn’t shown any interest in producing another vehicle. He slow walk the model YL in the states even though everyone knows it would sell like hotcakes. my hope for a cybersuv is little to none. It would take Lars or Franz to push that through. Elon not doing it.
I’m gonna have to own up and take my lumps. Yes, I did say 2026 was going to be $tsla year. 🤡. I really thought everything was gonna come together this year. The year is half over and @Tesla is moving slower than a turtle 🐢.
@misterrcrypto Weird you quote Charlie Munger. Both Warren Buffet and Charlie Munger detest crypto with a passion. Warren famously said bitcoin is rat poison and you can offer him all the bitcoin in the world for $25 dollars and he still wouldn’t take it.
@thepowerfulHRV $50 billion in trading volume makes no difference to how much the obligation is. You can’t pay off the obligation with trading volume. $1.7 billion is what they have to pay regardless of the trade volume.
@honeyybomb Proof Harvard admits the wrong people constantly. They neither have brains to think for themselves nor the conviction to stand by their ideas.