>>26599859The actual reality is far FAR darker than that.
Any mutual fund where 985x the share price is <10% of its net worth is technically at risk of insolvency and would ideally want to maintain the difference between that value and 10% net worth in liquid. At a bare minimum.
Being below that threshold makes CEO funded bailouts more difficult, if not absolutely impossible, like the funds with two or three digit share prices. The ones with two digit share prices are technically doomed unless they can sustain 10% net worth in daily capital investments, meaning up to tens of thousands of shares sold.
That also means most, if not all of, the mutual funds already created could technically go tits up at the drop of a hat. The only truly insulated ones are the ones with ridiculous share prices: 人, HAF, Δ, ナッツ, 朝, and maybe [∞] as the lower limit. I doubt too many of them realized how fortuitous that choice was, and at least three of them openly stated they were just meant as tax havens and intentionally priced high to keep people out.Devs, once we get a fokken EDIT button for Mutual Funds, consider implementing both stock splits and reverse stock splits. "Solve" fractional shares by forcing the mutual fund to buy back any resulting fractional shares.
>>26641519Means you only spent 51k around the time mutual fund share purchases went through.
>>26641607It's possible that they didn't buy any at all. Mikofag is on there and he holds 0 shares. It was just a raw balance comparison. So coin purchases, supas, auctions, etc. all factored in too.
