/biz/ - Business & Finance

>>57282344
>Also the ETFS all hold Billions of BTC to begin with.
it's just sad, really.

RIOT only has about 7000 BTC.

MARA has 13k or so, but MARA switched their inventory accounting from LIFO to FIFO last march. that means it's likely worth 30% less, maybe 50% less, than the balance sheet states. it isn't realized until they sell all the way to the bottom of the well, at which point... negative earnings.