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by graeme
1709 days ago
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You’re incorrect. They have about 110,000 btc I think, worth a bit over $7 billion. Their marketcap is $7.82 billion. But they also have $2.2 billion debt. Legacy co worth about $500 million. Add $1.7 billion to marketcap and you’ll see their bitcoin are valued at about $9.5 billion, a 30% premium. This has narrowed I think, they’ve been selling stock to arbitrage the difference. |
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