MSTR holder. Its a company with no operating cashflows. It has the worlds biggest holding of a highly volatile asset class. B- is pretty good all things considered. Plus first time you go for a rating they dont whip out the AAA. Well unless youre a tranched mortgage backed security [Grin] [Grin]
Crypto Daily|Strategy Is Tagged Junk by S&P in Initial Rating; Galaxy Digital Sinks After $1 Billion Exchangeable Bond Offer
I think this is misleading. They say this in all their regulatory notices. Its like any standard risk disclaimer. Price of our main product goes down = risk to business.