1 entry tagged credit rating. All writing.
SEPTEMBER 22, 2026 Seventeen Billion Reasons They're Still Not In Strategy bought bitcoin again last week, bought back its own preferred stock, and got snubbed by the S&P 500 for the fourth time running — this time for a very specific, very quotable reason: a $17.44 billion unrealized loss that the same accounting rule which handed the company a $10 billion GAAP profit last year just as easily handed it a $8.2 billion GAAP loss this year. I went and checked all four numbers.