Replying to Conrad Keeps

Yes he takes loans in the form of bonds. Bitcoin would have to drop significantly and stay low when the loan is due to be repaid for it to be an issue. He sells shares each week but does so sensibly so not to tank his own share price.
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Toad 7mo ago 💬 2

But isn't he on a heavy leverage? Like if BTC would go to 50k again, it would all bust? After all, he could become such a target at 500k Bitcoins that could be liquidated.

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Conrad Keeps 7mo ago

He owes $8b and has $58b in bitcoin. If bitcoin dropped to $50k he would owe $8b and have $29b in bitcoin. Even if bitcoin dropped to his debt value, he would have time as would only become an issue when the debt needed to be repaid. Another reason why he staggers the borrowing so it doesn’t all come due at once.