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

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0 sats \ 2 replies \ @HardMoney 10 Mar 2023 \ parent \ on: Founders Fund, Other VCs Advise Companies To Pull Cash From SVB bitcoin

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.