/biz/ - Business & Finance

>>49618147
the loan is what he used to buy the btc with leverage, which is why everyone is concerned about him getting margin called. so he used 10x leverage on the buy ins overall, although he bought at multiple price points
their balance sheet is misleading if you don’t understand accounting, they’re not going to realize any losses until they get liquidated or sell
income statement shows they had an unrealized loss of $194,000,000 in 2022 and $170,000,000 just from the price of btc dropping. so thats nearly 400 million gone and this quarter isn’t even over yet, will be much more after June financials
if he gets margin called he’ll have to add in cash from his software sales but they only make 93 million a year from that
before expenses, so it’s kind of ridiculous to say that he just has the cash to bail himself out