Post by @blancoracle • Hey

Circle holds 77% of their reserves in 1-4 month T-Bills. These T-Bills are held at BNY Mellon and managed by Blackrock. This provides an absolute floor on

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The remaining 23% is all held in cash at various entities. Approximately 1/3 of that cash was held at SVB. SVB is going to liquidate all assets over the next couple months and most estimate will return no less than 10-20% of total asset value.
tell me, which way?
Amazing as always
you just have to keep going
It didn't age well at all
Name the movie…