43 points
*
They might not make a profit, but Altman will be able to extract a lot of wealth by using 7% of a billions of dollars valuation. Even if he doesn’t sell any he can use it as collateral against loans to effectively turn them into cash.
27 points
1 point
8 points
Yes, with the money he’d earn off the money he borrowed. This is why taxing unrealized gains is a national conversation. “It’s not money until you sell it” but you can borrow it like it’s money and make actual other money with it likes it’s money.
2 points
4 points
2 points
