Michael Saylor downplays Strategy credit risk as bitcoin tumbles: ‘We’ll refinance the debt’

Michael Saylor downplays Strategy credit risk as bitcoin tumbles: ‘We’ll refinance the debt’


Key Points
  • If bitcoin continues to fall, Strategy plans to just refinance its debt, claims CEO Michael Saylor.
  • Saylor refuted the idea that Strategy would sell any of its digital asset holdings: “I expect we’ll be buying bitcoin every quarter forever,” he said.
  • Strategy holds 714,644 bitcoins, making it the largest corporate owner of the digital asset.



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Saba Capital finds little appetite for tender offer of shares in Blue Owl, Starwood private credit funds
Finance

Saba Capital finds little appetite for tender offer of shares in Blue Owl, Starwood private credit funds

Key Points In March, Saba offered liquidity to investors who were locked in Blue Owl Capital Corporation II, a non-traded private credit fund, at a 35% discount. Investors in Starwood Real Estate Income Trust were also made a similar offer at a 24% or 29% discount, based on the share class. On Monday, Saba said […]

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Stocks making the biggest moves after hours: LendingClub, Nucor, Rambus, Bed Bath & Beyond and more
Finance

Stocks making the biggest moves after hours: LendingClub, Nucor, Rambus, Bed Bath & Beyond and more

Check out the companies making headlines after the bell : Bed Bath & Beyond — The home goods retailer surged 31% after reporting first-quarter revenue of $247.8 million, beating the $240.1 million analysts polled by FactSet had expected. The company also posted an adjusted loss of 25 cents per share, narrower than the 28-cent loss […]

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Ray Dalio says Kevin Warsh shouldn’t cut interest rates in a ‘stagflation’ era
Finance

Ray Dalio says Kevin Warsh shouldn’t cut interest rates in a ‘stagflation’ era

Key Points The founder of Bridgewater Associates said persistent inflation pressures alongside slowing growth create a backdrop that demands caution from policymakers. “We are certainly in a stagflationary period,” Dalio said Monday on CNBC’s “Money Movers.” Source

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