Leveraged treasury companies will look so stupid in hindsight
That’s the first real top signal I see
PaperImperium
PaperImperium23.7. klo 07.28
Am I to understand that someone borrowed $10m unsecured at 18% APY to buy the stock of a company whose sole business is holding ENA, which it can only liquidate 1) after it begins to vest in 12 months and 2) with permission from Ethena Foundation, the controlling shareholder?
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