Boris_Badenov on Nostr: I dont know what he means by margin called. I think of broker calls on margin on ...

I dont know what he means by margin called. I think of broker calls on margin on shorted stocks, not on bitcoin owned. If he is referring to loans secured by bitcoin, that is a moot point, since he will have to sell his bitcoin to pay off any loans due, secured or not, or incur more debt, or issue more equity, all which dilute the value of his stock. Currently there is 9 % short interest in the stock, and that data is old. Much higher today I am sure.

He ran minus 1.06 billion dollars in levered free cash flow last 12 months, so his only hope is a fast ramp up in btc, or else he is in deep crap. This is a ponzy scheme, no doubt, built on future sales of appreciating btc. No real cash flow .

He may understand bitcoin, but he definitely doesnt know how to run a business. For all we know, he is the big seller causing the decline in btc. Wouldnt surprise me. Again, he is draining cash in an equity that produces no income. Agree straight btc the way to go.