4min chapter

Coin Stories with Natalie Brunell cover image

Michael Saylor on Bitcoin and Crypto in the wake of FTX Collapse

Coin Stories with Natalie Brunell

CHAPTER

How to Separate Your P&L From Your Balance Sheet

FTX makes money with 10 different strategies, one of them is Bitcoin. The other nine are firmly grounded in the conventional economy of the world. If you're going to have a balance sheet with a bunch of FTT token and then use this collateral to borrow against it to generate yield when the token collapses, the P&L collapses as well.

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