Merged Bitcoin - Part 3


buys another $263m bitcoin. stock price continues to dip, down to 143 now.


in this article there's a chart about halfway with the convertible bonds sold and the maturation date, about $4b of which is in the next 3 years, with a company who's stock price is well below the point where people would convert their bonds into stock and dropping like a rock, whose business model is buy bitcoin and never sell.

so, where do they get the money to pay the bonds back? new investors?

edit

also should probably note the average purchase price for their something like 700k bitcoin holdings is like $72k, what happens if the bonds come due and the bitcoin price is at or below the average purchase price. new investors?

how much liquidity is there really
 
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