Assuming they would not have liquidated it earlier (perhaps via some semi-legal instrument) to cover past or future bad decisions. Crypto certainly isn’t doing well now.

The 7.84% state would probably be significantly diluted over this time frame so 4-5% is probably a more accurate estimate but perhaps high estimate.

> Crypto certainly isn’t doing well now.

This "not doing well" is being three times higher than at the time of FTX collapse.

[dead]