Michael Saylor: MSTR is a credit default swap for over $100 trillion in assets from the 20th century

2024-11-28 11:41:50

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ChainCatcher news, MicroStrategy founder Michael Saylor posted on X: "MSTR is a credit default swap on over $100 trillion in assets from the 20th century."

Note: A credit default swap (CDS) is one of the main credit risk mitigation tools traded over-the-counter, and is a type of financial derivative, one of the credit derivatives. It can be seen as a form of default insurance for a financial asset.

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