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Canada manager Jesse Marsch gives a post-victory speech to his players after clinching the Round of 16 at the 2026 FIFA World Cup 🇨🇦
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@ZelenskyyUa If you want to step down safely, you must obey and not surrender. You must have a good record on the battlefield in order to have financial assistance. The outgoing president also needs to win victory and glory before stepping down.
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Giorgia Meloni is pressing ahead with an overhaul of Italy’s electoral system that opposition parties have denounced as an “authoritarian” attempt to secure victory in next year’s general election.
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New York City freezes rents for one million apartments in Mayor Mamdani victory
A strong performance by A'ja Wilson helped lead the @LVAces to victory 🦾 She pulled up in the white tee and logged 32 PTS & 9 REB while going 12/21 from the field! #WNBASeason30#
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Jubilation swept through Quito as Ecuador fans celebrated a dramatic 2-1 comeback victory over Germany that sent their team into the World Cup last 32. Meanwhile, match-going fans could hardly believe what they’d just witnessed
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I ran a BRUTAL 3-year MSTR stress test. Not the cute kind. The “Bitcoin crashes 55% from here, mNAV collapses below 0.50x, capital markets are closed, cash gets burned, BTC has to be sold to pay the senior stack, and everyone on X is filming their victory lap in the clown mirror” kind. Starting point: BTC: $59,135 MSTR: $87.64 Total BTC: 847,363 Cash: $1.4B CEBE: 138,161 sats/share Claim ratio: 41.5% Then the model nukes BTC to $26,611 by month 6. The senior stack does exactly what fixed-dollar claims do when collateral crashes. It explodes in BTC terms. Senior claims go from 351,567 BTC to 819,073 BTC. Claim ratio spikes from 41.5% to 96.7%. Common equity BTC collapses from 495,796 BTC to 28,290 BTC. CEBE gets annihilated: 138,161 sats/share → 7,884 sats/share. MSTR stock gets modeled from $87.64 to $1.01. That is the horror movie. Would the stock price actually go this low in that scenario? I doubt it. 2022 had NEGATIVE -14,000+ of common equity sats exposure and the stock never dropped below $10. But here is where the bear case gets uncomfortable. The model assumes: Zero new BTC buys. Zero common issuance. $167.7M/month of obligations. Cash gone by month 9. BTC sales begin after cash is exhausted. Over 3 years, MSTR sells 115,727 BTC to keep servicing the stack. That is real damage. But it still ends with 731,636 BTC. Final state: BTC: $48,498 MSTR: $51.86 mNAV: 1.40x Common equity BTC: 274,093 CEBE: 76,380 sats/share Claim ratio: 62.5% MSTR survives. The common gets dragged through flaming glass for 18 months, but it survives. The real risk is not “instant bankruptcy" like all the FUD spreaders are telling you. The real risk is CEBE compression while fixed-dollar senior claims temporarily consume almost the entire Bitcoin stack in BTC-equivalent terms. Survival is not comfort. But death spiral? This model says no.
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本日開催を予定しておりました #台湾デー# は残念ながら中止となってしまいましたが、台湾プロ野球チームのチアガールが阪神甲子園球場で『V!V!Victory 』を踊ってくれました! #中信兄弟# #林可# (リンコ) #統一ライオンズ# #包子# (バオズ) #楽天モンキーズ# #笑笑# (シャオシャオ) #富邦ガーディアンズ# #栗子# (クリ) #味全ドラゴンズ# #璦昀# (アイユン) #台鋼ホークス# #ET#(イーティー) #阪神タイガース# #熱覇#
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New York City Mayor Zohran Mamdani scored a massive political victory when his trio of insurgent congressional candidates toppled two incumbents and ​the establishment favorite in an open seat, results some described as ‘a political earthquake’ for Democrats
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🏆 KuCoin Crypto Cup: Today's Big Match! 🏆 ⚽️ SCOTLAND vs BRAZIL Who takes the victory today? Comment your guess below and cheer on your team! 🚀 Don't miss out on the $10,000 Airdrop! Join our trade & earn event today: #KuCoinCryptoCup# #WorldCup2026# #CryptoTrading# #Airdrop#
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