Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Why would they do that? They want to wipe out shorts too.
To raise capital from the bubble because the business is actually a loss-maker?
Anyway, appears they're limited in their charter to 300 million common shares, so only about 1/4 billion available to them
Theoretically they could raise capital (more debt) against the collateral of their existing shares.
That's typically how it's done.