Thanks for your analysis Dan, as a big fan of SelfWealth and therefore what else is going on in this space, can you explain this excerpt of their $48.6m dividend story from news.com.au:
"As of June 30, the company held $24.3m in cryptocurrency assets and had $154.5m in cryptocurrency receivables from third parties. Customers had deposited $173.7m with the platform in total, the documents filed with ASIC show.
"As at balance date, 20 per cent of the customer assets were held in fixed term arrangements with third parties" they read.
"As at (November 30), only1.4% of customer assets were held in fixed term arrangements with third parties" with 98.6% per cent on call"
Doesn't that mean that only 1.4% of their customers assets are being margin lent against or something similar to what FTX was doing and the rest are being held in actual crypto coins? If not, what does it mean?
Thanks for your analysis Dan, as a big fan of SelfWealth and...
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