Founders Fund, Other VCs Advise Companies To Pull Cash From SVB \ stacker news ~bitcoin

Founders Fund, Other VCs Advise Companies To Pull Cash From SVB www.zerohedge.com/markets/silicon-valley-bank-center-venture-capital-bubble-suffers-record-47-crash-amid-sudden

692 sats \ 4 comments \ @lpop4254 9 Mar 2023 bitcoin

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0 sats \ 3 replies \ @TheBTCManual 10 Mar 2023

I thought SVB said they had enough to cover all depositers lol, clearly someone knows something the public doesn't and the bank run is on.

0 sats \ 2 replies \ @HardMoney 10 Mar 2023

They have enough when they sell their bonds for 60 cents on the dollar to cover shortfall and incur billion dollars of realized losses

0 sats \ 1 reply \ @TheBTCManual 10 Mar 2023

thanks for clearing that up, have they begun liquidating yet?

0 sats \ 0 replies \ @HardMoney 10 Mar 2023

I think that's what is happening (seeing some stuff on twitter but who knows how accurate it is) along with them looking to raise more money via equity issuance / other means.