Re: Bitstamp's first annual statements

Now bankrupt?

They lost 5 million out of 65 reported here. Not enough to go bankrupt Wink

In an extreme scenario they could get more if they sold the company and the buyer would cover the loss.

They only had ~800k equity.
According to http://www.coindesk.com/bitcoin-venture-capital/ they got 10 million dollars venture capital in october 2013.

And surely they have been using them, not sitting on them needlessly. If any $$ are left, it must be reserves for payroll or other expected future expenses.

They are also not likely to leave profits sitting in the company's bank account. They must have paid out most of the profits to investors, including themselves. They cannot be forced to use that money to save the company (that is what "LLC" means), unless they have done something very wrong in the management of the company and are criminally prosecuted for it.

It is possible that they could get some kind of capital infusion to help cover the theft (if in fact there was a theft). They still are profitable and have an established customer base. Even if someone were to give them 5.7 million dollars in exchange for a 50% stake in the company/exchange, that would only give it an effective price to earnings ratio of ~15 which is very small for this young of a company