The markets don’t reflect that.

No one cares about Block, for example, as evidenced by their stock performance.

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XYZ is down bc of their high BTC torque (>3x BTC leverage)

Nonsense

BTC torque just tells you how much value a company generated from their bitcoin acquisition. If anything their high btc torque is why the stock is not lower.

I don’t follow block closely, but I don’t believe they used any leverage to acquire their bitcoin, but even if they did btc torque is not a measure of leverage on a balance sheet