NEW: VanEck’s Matthew Sigel says that after subtracting MARA’s $3.3B convertible debt, its net Bitcoin value is only ~$1.6B, well below its $4.7B market cap—meaning MARA trades at a premium to its BTC holdings, not the discount many assume.
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I am more worried about MARA's retarded CEO Fred Thiel and the rest of the management. They have a crazy high stock compensation. Fred the retard is issuing non stop new stocks and keeps diluting shareholders. Thats why their debt is so high. Imagine they would invest that money. Its not enough for Fred the retard to be ~70 million worth