Strategy has been given a B- rating.This is the first known time a publicly traded Bitcoin Treasury Company has been formally rated as such, based primarily on its Bitcoin-based capital structure.BUT, a B- RATING is RIDICULOUS.B- is JUNK STATUS.Therefore, we continue to see that this company is INCREDIBLY MISUNDERSTOOD.They are flagging HIGH BITCOIN CONCENTRATION as a red flag, when in reality Bitcoin is the LEAST RISKY asset. But you all know that.They have 640,808 Bitcoin. $74 BILLION WORTH.Let's compare this balance sheet to another B- company for example: JetBlue.JetBlue currently has a ~15× debt/EBITDA, multi‐billions of NEGATIVE free cash flow, high operational leverage, and somehow that warrants the exact same B- rating.Strategy Inc: large, extremely liquid reserve asset (Bitcoin), lower maturities in the next 12 months (as the rating agency noted), business model focused on treasury accumulation rather than operating margin risk. Yet same B- rating.If this is the standard for B-, then either Strategy is being undervalued risk‐wise, or rating agencies are applying outdated operating business models to Bitcoin‐treasury firms.Reality: Other B- companies have MORE leverage, NEGATIVE cash flow, and tremendous levels of physical/operational risk.Hertz, the car rental company, went bankrupt this decade, In addition Hertz carries $16.3B of debt and burned $1.77B of adjusted free cash flow in 2024, yet sits in the B- zip code.HERTZ HAS A $1.62 BILLION MARKET CAP WITH $16.3 BILLION OF DEBT.STRATEGY HAS AN $85 BILLION MARKET CAP WITH $8.2 BILLION OF DEBT.52.4x the valuation with HALF the outstanding debt.SAME RATING.THE RISK MODELS ARE NOT CALIBRATED TO REALITY.
>>61207699LmaoI’m not reading all that but this old fag’s debt convertibility scheme is functionally a Ponzi scheme. I can’t believe people trust this guy with their money after he was already convicted of fraud 20 years ago.
So a "ponzi scheme" company has the same rating as HERTZ? Lmao
Im a bitcoin maxi but thats fair imo because mstr right now has way to big of an impact on the price, so these liquid assets aren't really worth as much. If we see btc at 1m and mstr has less than 1% of the supply controlling, then yeah, they should be rated higher
It's hilariousS&P Global: "we are likely to continue to view capital as a weakness, because Strategy's bitcoin holdings are likely to grow materially"So basically "the more Bitcoin they buy, the weaker their capital becomes.”That single sentence is the most revealing thing they’ve ever published about how the fiat risk model collapses when confronted with non-sovereign collateral.If Strategy held U.S. Treasuries, S&P would call it “high-quality capital.”But if Strategy holds the hardest asset in human history, they mark it as negative equity.They’re essentially admitting their capital model is tethered to fiat correlation, not actual solvency.We are SO early.
>>61208699An old satoshi wallet could destroy MSTR lol
not my problem
>>61207699I read this entire post and have yet to care about any of the content whatsoever.
>>612076998.2 billion in debt?think if they market sold all their bitcoin they could get that for it?
>>61207699>They are flagging HIGH BITCOIN CONCENTRATION as a red flag, when in reality Bitcoin is the LEAST RISKY asset.Did you see what happened to gold in the last couple weeks? An asset with 10x the market cap of bitcoin. You think that couldn't happen to YOUR pony because it's yours? It's happened multiple times.
>>61208997How many times do we need to go about this Tim?
>>61208874>>61208863>>61208832>>61208420>>61208333>>61208320>>61208997When you can't tell between zoomers and boomers
>Bitcoin is the LEAST RISKY asset.lol.
>>61208832satoshi is dead so that isn't an issue at all
>>61209023I have my BTC but I don't assume anything or take anything for granted. When you do and feel invincibly secure in yourself, that's when you lose everything.
>>61209055The whole economy relies on the hope of the SP500 going up 10% a year and if you actually think about it this is dumber than thinking BTC will have a CAGR of 15% or so long term.
>>61209086Then why do you care so much if some pozzed credit agency gives Saylor a junk rating? You think the system is doomed, yet you want that same system to acknowledge your plan?
"Wow the market is so fucking stupid unlike me, I went all in on bitcoin. Why won't the fucking stupid market that cares about productive assets give my pony a perfect credit rating?"
>>61207699I think they gave the B from bitcoin, not because of the rating.
>>61209042Satoshi is a group of people brought together by the cia. David Schwartz is one of them btw
>>61209225>>61209208>I want you to hold more US dollars to get a better ratingThis is what retarded animepedos would agree with>You think the system is doomed, yet you want that same system to acknowledge your plan?To the contrary. Saylor has already checkmated the system irrespective of what tardfi argues.
>>61207699>extremely liquid reserve asset (Bitcoin)stopped reading there
>>61210630good
>>61208699>But if Strategy holds the hardest asset in human history, they mark it as negative equity.Bitcoin is not gold, no matter how hard the cryptobabbies try to equate it
>>61208699good post. got a link to pic?
>>61211414>Bitcoin is not goldI don't see anyone claiming that it is
>>61207699The primary function of a bank is to facilitate transactions between counterparties. The only bitcoin "banks" are the people that are mining bitcoin. Saylor and Strategy will never be a bitcoin bank. I think this is where much misunderstanding lies.
>>61207699maybe it's because they think that running a car rental service gives more predictable cash flow than speculating on bitcoin going up but idk
>>61212032>hardest asset in history>pure softwareDeluded
>>61212742nigger
>>61212063study LN faggot
>>61207699>boohoo my retarded auto-loop ponzi scam got a F- at schooloh no poor scammy baby! :(
>>61208699>So basically "the more Bitcoin they buy, the weaker their capital becomes.”how is it not perfectly logical for you?Would you trust my company if i owned and hoarded half of all the Charizards first edition JAP existing in the world? Zero fucking liquidity, the minute i need to dump some my entire poorfolio crash to zero.
>>61209042Bloumpf & Q killed the CIA already? :o
>>61210551picrel is literally (you)
>>61213913Now not to shock anyone but the earlier you are on this chart the smarter you are(Nullify if you keep picking up stupid bullshit)
>VISA EPS is only 0.28%What do we say here
>>61213913damn, I got some of the best weed and cp of my life from tor and the silk road. There were several of them. It went to shit around 2016 when india was allowed on the internet.
>>61215816Kill yourself pedo, Indians are better than you fag
