They also use Fidelity, so there you go 👍🏼
But even if they lose all their bitcoin (extremely unlikely), the portion of the company that’s not attached to their bitcoin holdings is enough to cover their Convertible bond and STRF obligations.
Discussion
I trust Fidelity a lot more than Coinbase, didn’t realize MSTR had diversified. That’s very positive news. Thanks for this
9.5% effective yield ($10/share)
It has good upside too even though it’s supposed to behave like a treasury bond
Senior on the capital stack.
Much better than any savings account or money market fund.