Keel Infrastructure sold every $BTC it owned. 2,520 coins. $192M.
That covered the full 2,261-coin treasury plus the 259 it mined in the quarter. The books show a $32.2M realized loss on the exit. Average price: about $76,190 a coin.
Quebec coins get sold the day they're mined from here on. No stack. No mark-to-market. Cash on hand as of Nov 4: about $780M, pointed at AI data centers that still have no signed lease.
Zero bitcoin left on the balance sheet. The receipt is $32.2M.
#Bitcoin #BitcoinMining
NFA. DYOR.
That covered the full 2,261-coin treasury plus the 259 it mined in the quarter. The books show a $32.2M realized loss on the exit. Average price: about $76,190 a coin.
Quebec coins get sold the day they're mined from here on. No stack. No mark-to-market. Cash on hand as of Nov 4: about $780M, pointed at AI data centers that still have no signed lease.
Zero bitcoin left on the balance sheet. The receipt is $32.2M.
#Bitcoin #BitcoinMining
NFA. DYOR.
