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Wait and see :)
Metaplanet is hardly indebted and the prefs are coming soon. I think it is very unlikely that the company will suddenly implode and have to sell its BTC
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@stefan_21 wait and see and drink tea.
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@stefan_21 How much do you actually have in it and what EK?
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@stefan_21 The game is still going on, we're in extra time 😬🚀
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@der_Don currently have a buy-in of €3.17 :)
Very little compared to my BTC stack. I'm actually very relaxed about it and will sit it out.
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@Aktienhauptmeister that's how it is😂
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@stefan_21 Yes, at first it really stressed me out that things were going so badly. Now I'm at almost 40% bad but I'm not itching anymore. You have to think rationally. Bitcoin will perform in the long term and so will metaplanet.
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@der_Don that's right :)
I would be worried if they had issued a lot of convertible bonds that are maturing soon. But they haven't. They currently have a debt ratio of around 1%. That's ridiculously low and also means that they won't get into payment difficulties if their mNav is below 1.
Of course they can accumulate less at the moment, but soon the prefs will come and with them some more capital :) I think that could drive the price up again
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@schlimmschlimm I wanted to take a look :)
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@stefan_21 didn't they also say that they would start a share buyback when mNav is below 1?