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by IdEntities 1469 days ago
They have far more than $205 million in debt. They borrowed far more than that to acquire 129,000 BTC.
1 comments
frankbreetz 1469 days ago
They made a 205 million margin call with Bitcoin as collateral [0]. Their other debt has some other collateral presumably not backed by Bitcoin.

[0]https://markets.businessinsider.com/news/currencies/bitcoin-...

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