pull down to refresh

0 sats \ 1 reply \ @TheBTCManual 7 Jan \ parent \ on: Bitcoin Miner MARA Lends 16% of Its 44,893 BTC Reserves bitcoin_Mining
Lol that the funds fall to a 3Arrows Capital type situation, even if they take a 10% loss on their stack, how does that reflect in their stock price when they announce hey we lost 730 BTC
write
preview
this territory is moderated
0 sats \ 0 replies \ @Bell_curve 7 Jan
3 arrow capital was over leveraged, Mara is not.
Worst case scenario is they lose 7377 btc minus any assets of the borrowers
edit: of course it looks bad if they lose 10 percent of the stack they lend but we don't know what collateral the borrowers have. Three Arrow Capital went belly up. Their founders went into hiding last I checked in 2022.
reply