Tuesday, August 1, 2023

A little Tuesday humor. A company that has quarterly revenue of $120 million has purchased (through debt) $4.5 billion in bitcoins. All 152,800 bitcoins are sitting $500 underwater at current bitcoin price. The debt to buy bitcoins is at 2-3% what happens when they have to renew at 8-12%. Ouch

https://i.redd.it/tr0jwzrl9kfb1.jpg

No comments:

Post a Comment