nakamoto just showed what the treasury model looks like in a drawdown

shares fell 6% premarket after a 5.8m bitcoin options loss

that one loss pushed q3 operating revenue below zero

and 60m of kraken debt now gets repaid in 2027 instead of now

btc is sitting at 67,210, down 3.03% on the day

borrowing to hold the asset only works while the asset goes up

my bags need the same thing and they are not getting it

per cointelegraph