pull down to refresh
💯his future credit worthiness is based on his stack.
he is a "fiat miner" and that's the most profitable want to be a miner these days in comparison to a bitcoin miner which is the most unprofitable way
he is has built a refinancing engine that works as long as he can always refinance
reply
True dat, selling coins brings you closer to the point where obligations can be serviced.
Then again, the prefs are small in size comparatively. They can easily afford shedding a few hundred thousand coins lol
reply
That would increase the leverage.
When your preferreds are backed by your stack, you don't want to shrink the latter, especially when the stock is down.