/biz/ - Business & Finance

>>49619306
it’s actually worse lol, I couldn’t find where they kept their financial statements with notes until now
in total he’s bought about 3.77 billion worth of btc, which leads me to believe that he’s already sold some of it. and is just using the impairment loss on the income statement an expense without reducing his asset value, and the stock price. so he’s already lost a billion in “real money”, however another page of the report says that he still holds 125k of btc @ the 3.77 billion purchase prices so I don’t really understand that yet
so 10x leverage is a rough estimate, I doubt that it’s less. he could have used cash that he already had in retained earnings or stock to buy it too, but I can’t spend that much time looking into it tonight