/biz/ - Business & Finance

https://www.bangkokpost.com/business/1915820/elon-musk-techs-cash-poor-billionaire
>His holdings in Tesla, his rocket company Space Exploration Technologies Corp., or SpaceX, and other assets give the 48-year-old a net worth estimated by Forbes at $39 billion.
>Yet he has to borrow, sometimes a lot, to pay for his lifestyle and business investments without liquidating shares that help him maintain control of the companies he runs.
>About half his Tesla stock is pledged as collateral for personal loans, an April 28 financial filing shows. Maintaining his equity stake--about 20%, or around $28 billion at Friday's valuation--is important for him to keep control over the Silicon Valley auto maker.

Musk isn't actually that rich. He's got lot's of shares, but if he sells then he loses control of "his" companies.

sub-3400 and dropping!

>>12105067
>The difficulty will adjust and it will become profitable again
And then a couple of Chinese miners will flip the switch on their mothballed equipment and 51% attack away everyones coins

The price of Bitcoin just shot up to 4650 USDT on Bitfinex.
But continues to slide below 4200 USD on other exchanges.

>>11837079
>pristine equipment and facilities.
>"that's from a flood!"

>>11776850
>but Bcash ABC is worth twice as much as Bcash sv?
https://twitter.com/BitMEXResearch/status/1063409239492833285

>Binance goes down at the same time as the Bitcoin Cash forking

>>11405662
so uhh...
where DOES Tether (the company) have all their money now? When they left their old bank, where did they transfer all their money to?

>>11391404