Mt. Gox – Business Plan 2014-2017 [pdf]

Re:Mt. Gox – Business Plan 2014-2017 [pdf] by Joeboy on Thursday February 27, 2014 @06:12AM (#7311540)

> At market value they are something like $400 million in debt

I haven't followed that closely because I don't particularly care about MtGox aside from popcorn value, but I'm not sure how you would know that from the information that's currently public. As far as we know we kind of think we know the number of bitcoins they lost, but not the amount of cash/btc assets they still have.

Or did I miss something?

[ Parent | on HN ]

Re:Mt. Gox – Business Plan 2014-2017 [pdf] by exit on Thursday February 27, 2014 @07:24AM (#7311744)

mostly the numbers are coming from this "leaked" document. whether it's authentic or not is a separate issue.

http://www.scribd.com/doc/209050732/MtGox-Situation-Crisis-S...

look at the "financial assets and liabilities" section.

32,430,000 usd + 2,000 btc held, vs 55,000,000 usd + 744,408 btc owed.

[ Parent | on HN ]

Re:Mt. Gox – Business Plan 2014-2017 [pdf] by Joeboy on Thursday February 27, 2014 @08:03AM (#7311866)

Oh right, so if those numbers are correct they're heavily insolvent even if they somehow managed to write off the btc owed. I'd been wondering about that.

This starts to remind me of the whole SCO vs Linux thing.

[ Parent | on HN ]