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69 sats \ 3 replies \ @SimpleStacker 15h \ parent \ on: Yes, Bitcoin Treasury Companies are Scams (Money Stuff, Matt Levine) econ
How much of this farce was enabled by mark to market accounting? That is, calculating the book value of your entire holdings using the last traded price? Even if you clearly wouldn't be able to liquidate your entire holdings at that price.
Is there a good alternative?
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Integrate over the demand curve! Haha
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Duh!
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