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/biz/ - Business & Finance

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52514951 No.52514951 [Reply] [Original]

GBTC manages more than 850'000 BTC.
they are selling for 40% discount.
> can't share addresses because of security
Let that sink in your brain

>> No.52515960

>>52514951
Lol they're fucked
Barry silbert is a slimey Jew that backed s2x never forget

>> No.52515984

The mother company that owns both Genesis and Grayscale tried to raise a billion by offering shares in the mother company. Which implies that Genesis going down is enough to make their whole empire crumble, including Grayscale.

If they turn into a forced seller it might unironically be over. At least for the next 10 years

>> No.52515986

GBTC stands for Get Blacked (you) Tranny Cunt

>> No.52516004

>>52515984
What about all the goyim that thought they were buying Bitcoin?
That's billions in shares on the "regulated market"

>> No.52516140
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52516140

>>52514951
yeah im thinking we're fucked, and IF greyscale goes down we;re going lower to 9k or whatever the gbtc price is right now since if the trust gets dissolved then the market will price it in before kathy gets her hands on the spot btc and itll happen fast since saylor will be liqd on the way down to kathys recent entry.
https://www.coindesk.com/business/2022/11/15/cathie-woods-ark-buys-315k-shares-in-
grayscales-bitcoin-trust/
btw silvergate is also going down for breaking kyc aml laws by allowing ftx customer funds to be wired to alameda. silvergate touches almost everyone, circle, genesis, coinbase, kraken, gemini, even paxos.

even TA looks like shit with a sharp rejection off the 200 week MA after a bunch of tests.....we're going into uncharted waters boys.
if you only knew how bad things really are

>> No.52516210

>>52516140
Saylor can just add capital to avoid liquidation.

>> No.52516220

>>52516210
With whos money? Borrowing conditions are tightening. If nobody is willing to bail DCG out they sure as shit won't bail Saylor out

>> No.52516256

>>52516210
>>52516220
this
the bottoms not in until the leverage is flushed out and less and less lenders are willing by the day

>> No.52518035

>>52516210
Saylor took on debt with an interest payment and because his core business sucks fat balls some quarters his interest expense is already surpassing the cash flow from his business. He’s an absolute retard and will be liquidated via covenants. Bye bye

>> No.52518440

>>52518035
MS can legally borrow with MSTR stocks
just like sbf did with FTT, but legally

>> No.52519689

>>52514951
I remember Greyscale had a full page ad in the NY Times, around the top. Another big signal in retrospect.