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They have explicitly raised new debt to buy bitcoin twice in the past 6 months or so. It certainly isnt "spare cash".
by ac29 6y ago
They have explicitly raised new debt to buy bitcoin twice in the past 6 months or so. It certainly isnt "spare cash".
- tyingq 6y agoAh, yes...the exact quote first says "excess cash" then mentions, in a downplayed way, the debt. "We will continue to pursue our strategy of acquiring bitcoin with excess cash and we may from time to time, subject to market conditions, issue debt or equity securities in capital raising transactions with the objective of using the proceeds to purchase additional bitcoin."