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[@maxboonen](/creator/twitter/maxboonen)
"You're a reverse listed bitcoin miner with $200mm of equity and $500mm of debt. Your revenue is XX% bitcoin sales that yielded a gross margin of $60mm in 2024 You issue a $3.2bn junk bond with a coupon of XXXX% ($250mm a year) Good times"  
[X Link](https://x.com/maxboonen/status/1981741389634216378) [@maxboonen](/creator/x/maxboonen) 2025-10-24T15:15Z 12.7K followers, 1245 engagements