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But we saved everything 🙂.
matthew sigel highlights that NVDA credit default swap spreads have risen above GOOGL, with NVDA at 69 basis points compared to GOOGL's 64 basis points. Both values are described as low in absolute terms, but NVDA's rate now exceeds that of GOOGL. He adds that this spread reflects the annual cost for 5-year protection, with 68 basis points implying an estimated 5% chance of default over the 5-year term.
Sigel has recently commented on Strategy's $135 million BTC sale, stating it does not count toward the firm’s $1.25 billion Monetization Program cap according to his report on recent BTC sale capacity. He also covered Canaccord’s assessment that Strategy’s BTC acquisition model is most effective when pursuing further growth, especially when using leverage, as seen in his analysis of forward model strategies. These updates provide context for his monitoring of credit default swap movements.