6 ms·

Curious what the accounting rules are around their BTC on the balance sheet. Would be wild if they had to mark to market.

• dahdum 6y ago
  I don't think they hold much on their balance sheet, otherwise they wouldn't have needed multiple rounds of financing through 2018.
• zionic 6y ago
  They hold their crypto in grayscale. They'll dump IPO cash into the market and spike the price so their grayscale assets blow up.