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Wow. That's impressive. Preferred equity doesn't usually attract much capital.
Seems like STRC has found the most “product market fit” from MSTR preferred instruments
Indeed it has! If they can keep this pegged at $100 and pay 9% why would you park cash in anything else?
People always talk about MSTR being risky but mind you the whole treasury and banking system is under heavy stress.
I am hoping Robinhood carries this equity I can easily see many retail traders moving into this equity to park cash in
Does Robinhood have any preferred stock? It definitely would help if Robinhood had it.
No. Maybe these will be Robinhood as first. You could technically take margin at 6% and buy this for 9% to take a “risk free” spread
Do any of the different products cannabilize each other, or are they each targeting completely seperate markets?
STRC is pretty unique
I think you could argue the other 3 have similar features that could cannibalize the demand for them although for institutional investors it give options for likely different rated instruments
Sure, bc why not
Can’t wait for July 29th!
https://xcancel.com/strategy/status/1949439634402132316
Wow. That's impressive. Preferred equity doesn't usually attract much capital.
Seems like STRC has found the most “product market fit” from MSTR preferred instruments
Indeed it has! If they can keep this pegged at $100 and pay 9% why would you park cash in anything else?
People always talk about MSTR being risky but mind you the whole treasury and banking system is under heavy stress.
I am hoping Robinhood carries this equity I can easily see many retail traders moving into this equity to park cash in
Does Robinhood have any preferred stock? It definitely would help if Robinhood had it.
No. Maybe these will be Robinhood as first. You could technically take margin at 6% and buy this for 9% to take a “risk free” spread
Do any of the different products cannabilize each other, or are they each targeting completely seperate markets?
STRC is pretty unique
I think you could argue the other 3 have similar features that could cannibalize the demand for them although for institutional investors it give options for likely different rated instruments
Sure, bc why not
Can’t wait for July 29th!
https://xcancel.com/strategy/status/1949439634402132316