MRTC and Bitcoin.
The crash is turning into an avalanche. MRTC is registering continous 52-week low in it's share price.
Bitcoin is not doing any better. Trading at $72k right now with a low of $71k earlier. It looks to be going below $70k by end of the week.
When this happens, MRTC is in serious trouble. Their base average price of their Bitcoin holding is $76k. And even with the low Bitcoin price, the MRTC share price trading without any premium. In fact, it is way below their asset value. Deeply underwater.
Very soon, if not already, Michael Saylor will have to raid their cash reserves stored for dividend payment, or start selling Bitcoin in the treasury.
Both of which are disastrous.
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