Debt/BTC NAV = 12%. IMO you don’t get the meaning of ‘margin call’. Also, as ‘Bitcoin VC’ (😂😂😂 it doesn’t get more oxy-moron than this) what do you think is a good level of Debt/Equity ratio? And how would equity be capitalised if not with BTC?!
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And if BTC corrects more than 88% I think all BTC VC morons will be way more in the shit than Saylor.
Saylor is a bad actor. He wants custodial Bitcoin and Bitcoin backed by debt.
Bitcoin should be self-custodial and debt free. Money backed by debt is what the Fed and other central bankers want.