🔥 “We’re okay unless Bitcoin goes to $8K.”
That’s basically what the CEO said.
According to them, BTC would have to crash all the way to $8,000 and sit there for 5–6 years before their debt actually becomes a problem.
At that price, their Bitcoin stash would only just cover their net debt — meaning they couldn’t pay off the convertibles using BTC alone.
This comes right after they posted a $17.4B quarterly loss, mostly from unrealized Bitcoin losses.
So yeah, they’re still all-in on BTC. They’re betting time fixes everything — unless we see a total, long-term collapse.
Trade $BTC here 👇

BTC
69,697.92
-2.36%
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