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    1. Less-Information-256 on

      If preferreds and debt combined has a greater claim to the value of the bitcoin than the value of the bitcoin they hold then what is the value of the common stock? I’ll give you a clue, not very much. That happens way before a $8000 Bitcoin.

    2. Did you know that if a company’s stock drops by 90%, investors are going to have problems?! Also, water is wet, in case the person who wrote this post wasn’t aware of that.

    3. moonkingdome on

      Falling from a plane may feel very secure until you hit the ground.

      Nice to know 10k being the floor of death

    4. Babe I can totally make it work all I gotta do is remortgage the house, sell the car, stop going out, rent out the basement, and only eat rice and beans. – Degen who took out a 12% line of credit and lost it gambling.

    5. fan_of_hakiksexydays on

      What are they talking about?

      They already had to scramble for funds, dilute their shares, and even drop their whole „strategy“ and sell BTC, just because we dropped in the $60Ks.

      And then STRC plummeted when BTC briefly touched the upper $50Ks, and that’s when it started to flash signs of Strategy not only being royaly fucked but potentially collapsing.

      Luckily for them, we only saw $50Ks very briefly.

      What do you think would happen if BTC didn’t just briefly visit $50Ks but stayed there for weeks, and even started to go below $40Ks? That might be all it would take for the house of cards to collapse.

    6. account22222221 on

      CEOs job is to make it sound like ‘it’s OK, don’t panic investors’… even when it’s not.

    7. Hearasongofuranus on

      I’d say that there’s so many btc sycophants that would buy up that it will never realistically reach that price.

    8. „I will Phong you until your insides are out, your outsides are in, your entrails will become your extrails.“ – Wat, and also this guy, probably

    9. DonTheHolder on

      We rolling up at 66K today while gold stays at 4k yo 3.9k. and silver at $57.

    10. Reach_Beyond on

      Imagine saying that part out loud. “Hey we’re worth $35B, but if this incredibly volatile asset we hold goes to $8-10k we are telling you we will be tits up”.

      That I assume is their bankruptcy number, $35B market to $0 number.

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