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    Lynn Alden

    Research Analyst at Independent Investor

    Lyn Alden is the Founder and Lead Analyst at Lyn Alden Investment Strategy, specializing in global macroeconomic analysis and fundamental equity research with a focus on the intersection of money and technology. She covers a wide range of asset classes, including equities such as NVIDIA, S&P 500 Energy companies, and international macro trends, and is recognized for her actionable institutional-grade insights, though specific investment performance metrics are not publicly reported. After a decade as an electrical engineer and engineering manager, including with the FAA, she transitioned to full-time financial research in 2016 by establishing her own firm, and has since expanded her impact as an independent director at Swan Bitcoin and general partner at Ego Death Capital. Alden holds a bachelor's degree in electrical engineering and a master's in engineering management, has authored a best-selling financial book, and is frequently cited by leading financial media, but does not hold FINRA securities licenses as her role is independent research rather than securities brokerage.

    Lynn Alden's questions to Strategy (MSTR) leadership

    Lynn Alden's questions to Strategy (MSTR) leadership • Q2 2025

    Question

    Lynn Alden inquired about the stress testing of Strategy's capital structure, specifically asking about assumptions for a Bitcoin bear market and how it might affect the ability to raise new capital.

    Answer

    Executive Chairman Michael Saylor explained that the shift to perpetual preferred equity makes the capital structure 'antifragile' and capable of withstanding an 80% drawdown without missing a dividend payment. CEO Phong Le added that the company learned from the 2022 crypto winter and now has a much more robust capital structure without margin loans or secured notes.

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