08-11-26 savo
happening again
Incredible. Jensen is completing the circle.
- Bankers don’t like GPUs as collateral because the depreciation is unpredictable
- It’s unpredictable because a new GPU can obsolete an old one
- Jensen knows his own roadmap
- so he’s offering depreciation insurance to the banks
- the depreciation insurance (up to 25%) helps the banks get marginal deals over the line
Speculation
- Nvidia will also advise the banks on “reference designs” for datacenters that will make them fungible
- Having them be fungible means that the debt can repackaged into Asset Backed Securities, Collateralized Loan Obligations and Collateralized Debt Obligation (ABS, CLOs and CDOs from 2008 haha)
- This allows tranching to get investment grade ratings on the debt so that it can be resold to pension funds and insurance firms
- It also allows the banks to trade idiosyncratic project specific credit risk for sector wide credit risk
So Jensen is trying to get his customers the same cost of financing as real estate rather than venture equity.
This is going to move the data center game out of the VCs and into the big leagues.
https://x.com/8teAPi/status/2086983723913023836 |
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08-11-26 savo
The EU is preparing to print money to prevent others from dumping their bonds.
The ECB is expanding its repo facility for foreign central banks.
Instead of selling their EU bonds when they need liquidity, they can pledge them as collateral and receive freshly printed EUR.
Just what Bessent is planning for Japan...
It's not just the US bond market that's blowing up... It's almost the entire developed world.
The EU and Japan were the poster children for NIRP... negative interest rate policy.
Now rates have surged from negative territory to multi-decade highs...
Their bonds are getting hammered.
Meanwhile, most EU member states are running deficits... They can't afford higher rates.
The path to YCC across the developed world becomes more obvious by the day.
We all don't own enough gold.
https://x.com/ekwufinance/status/2087169196706730488 |
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08-11-26 carib
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08-11-26 victor
Un tribunal sirio condena por ausencia a muerte a Bashar al Assad por crímenes de lesa humanidad
Es la primera sentencia contra el dictador, que huyó a Rusia en diciembre de 2024, tras el levantamiento de las fuerzas rebeldes que provocó la caída del régimen |
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08-11-26 victor
carib..
As of August 2026, Strategy (formerly MicroStrategy) owns approximately 840,447 to 843,775 BTC, representing over 4% of the total Bitcoin supply.
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As of August 2026, approximately 20 million Bitcoins have been minted, representing roughly 95% of the total fixed supply of 21 million. |
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08-11-26 carib
| What % of total mined bitcoins does Saylor own? |
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08-11-26 savo
victor..
of course one can always sell assets to build cash.
The problem comes when assets were bought with debt and are sold below purchase price. The second problem is when one sells common stock below net asset value.
Companies usually pay interest and dividend with income and sell assets to pay debt.
Saylor is selling assets below purchase price and common stock below net asset value to pay interest and dividends not to repay debt.
I do not know what those analysts that you mention are analyzing...
unless I am missing something... after a while selling assets below purchase price to pay dividends and interest or selling common below net asset value to pay dividends and interest, Saylor will run out of assets to sell or buyers of common. |
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08-11-26 victor
savo,
Strategy (formerly MicroStrategy) has significantly expanded its U.S. dollar cash reserves to $3.75 billion as of late July 2026, following a $544.5 million capital raise through common stock sales.
This liquidity buffer is strategically allocated to cover approximately 2.1 years of preferred stock dividend payments and interest obligations, ensuring financial stability without liquidating its 843,775 Bitcoin holdings. The company has paused Bitcoin purchases to prioritize this balance sheet repair, a move that analysts view as a disciplined approach to managing debt and supporting its long-term crypto treasury strategy.
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08-11-26 savo
ample cash reserves
i do not know what that means Victor for a company that has practically no earnings... no income, its only source of cash is selling its assets or common stock and has a mountain of debt and prefs on which they have to pay interest.
I would like to know how much of those ample reserves are "net" after current liabilities. |
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08-11-26 carib
the future of the renminbi?
https://www.ft.com/content/5fbd8dad-7e3d-418b-91dc-b61af9436ca6 |
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08-11-26 victor
savo, because of Stretch
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it was reported that saylor has ample cash reserves. |
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