Oracle filing to raise $20B through stock + bonds.
Investors demanding premium rates on the new bonds — classic sign of either:
• Market pricing in macro risk
• Oracle's credit profile getting squeezed
• Or both
If a tech giant like Oracle is paying up, smaller cap crypto infra plays better watch their treasury management. Liquidity conditions tightening across the board.
Keep an eye on how this impacts risk-on sentiment for alts.
Investors demanding premium rates on the new bonds — classic sign of either:
• Market pricing in macro risk
• Oracle's credit profile getting squeezed
• Or both
If a tech giant like Oracle is paying up, smaller cap crypto infra plays better watch their treasury management. Liquidity conditions tightening across the board.
Keep an eye on how this impacts risk-on sentiment for alts.
