Every Zipp story tagged #CreditRisk, newest first.
Strategy's STRC stress was supposed to stay contained. Strive's disclosure just turned preferred-stock discounts across the Bitcoin-treasury sector into a market-wide credit test.
A 78% haircut on a Goldman-issued structured note tied to Strategy (formerly MicroStrategy) crystallises the gap between equity-style upside bets and the credit risk underneath the bitcoin-treasury…
The new dashboard metric says a constant 11.34% annual Bitcoin decline would push modeled coverage below 1.0x across a 5.79-year weighted credit duration, defining where restructuring enters…
Aave is bank-sized, but $2.9T in US corporate loans is the addressable market DeFi still can't underwrite without Goldfinch-style blowups.
Jeff Dorman says Strategy raised $2B in stock to ease default fears, then used the cash to buy back 2029 bonds rather than fund the ~$1.5B annual preferred dividend — and a forced seller may emerge…
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