Josh Man(@JoshMandell6):Bitcoin has dropped roughly $10,000 since $SATS started trading last month. The fact that this fixed-rate preferred remains well above its IPO price suggests that distribution is reaching investors who specifically seek high yield and are not motivated to sell merely to purchase Bitcoin at the now-lower price. It's working.

Josh Man

@JoshMandell6

Salomon Brothers 90-98 Bond Portfolio Analysis Government Desk - Long Bond Trader Derivatives - Short-Dated Options Trading (Head) Caxton Assoc Hedge Fund

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Josh Man@JoshMandell6

2026.11.10 16:28

Bitcoin has dropped roughly $10,000 since $SATS started trading last month. The fact that this fixed-rate preferred remains well above its IPO price suggests that distribution is reaching investors who specifically seek high yield and are not motivated to sell merely to purchase Bitcoin at the now-lower price. It's working.

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