Jun. 24 at 6:07 PM
$SICP Now that Bitcoin seems to be running its course, we can start guessing and betting when MSTR will have to file for chapter 11. 2026, 2027, ...? M.Saylor and MSTR didn't care and didn't help when Silvergate went through difficult times and was desperately in need of money asking MSTR for the
$200M back it loaned to them. Instead, MSTR and M. Saylor took advantage of Silvergate's struggles and challenges and agreed to only returning
$160M. With the remaining
$40M, MSTR bought some more Bitcoins. I'm glad (reorganized) Silvergate avoided getting involved with M. Saylor and MSTR again after that.
After (thanks to Stilwell and X-Cap) successfully emerging from chapter 11 and being vested with multi-billion dollar assets and new BoD and C-Suite (also the company's biggest shareholders), time for reorganized Silvergate to shine again.