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1 sat \ 9 replies \ @BlokchainB 31 May \ on: Sunday Survey: When will NAKA sell BTC? bitcoin

Forced liquidation how? In bankruptcy court?

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81 sats \ 7 replies \ @BITC0IN 31 May

they have an outstanding loan with kraken that can be margin called if Bitcoin goes low enough.

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1 sat \ 6 replies \ @BlokchainB 31 May

Ahh but not for their entire stack. If they survive this bear market they will be fine

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1 sat \ 4 replies \ @BITC0IN 31 May

ya...if it goes low enough...ya

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1 sat \ 3 replies \ @028559d218 31 May

How low are we talking :D

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78 sats \ 2 replies \ @BITC0IN 31 May

42k ish i think is where their entire stack is less then the loan they have in USD with kraken. before then they'd need to deposit more Bitcoin to the loan account to maintain the LTV.

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2 sats \ 1 reply \ @028559d218 31 May

Then we got a ways to go

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238 sats \ 0 replies \ @BITC0IN 31 May

another 50% off Bitcoin sale would be fantastic

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1 sat \ 0 replies \ @denlillaapan 31 May

for roughly their entire stack, yes.

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0 sats \ 0 replies \ @CalvinJuma 31 May freebie

Only way it happens is forced liquidation . No rational fiduciary looks at the macro landscape and decides to willingly dump the hardest asset on Earth back into a depreciating fiat system.