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2026-08-07 13:11:40 UTC

captjack 🏴‍☠️✨💜 on Nostr: 🦔SoftBank just borrowed $10 billion using its OpenAI stake as collateral to buy ...

🦔SoftBank just borrowed $10 billion using its OpenAI stake as collateral to buy more OpenAI stock. A consortium led by Goldman Sachs and JPMorgan arranged the loan at 7.88%, nearly triple what a margin loan against public stock would cost.