Everything is a lesson
This is a good one
Fixed capex and short-term volatility of Bitcoin
Very hard to manage
One card up my sleeve is that I have an equity position that I will receive the liquidity from in May/June of this year which essentially covers the entire cost of renovation
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You don't need to justify your spending to me. Managing your frequency is tough, critical & sometimes expensive. That's why I don't envy what you're doing.
In terms of managing the costs in Bitcoin terms, I'd sell the bitcoin when it's required. You've got a potential fiat liquidity injection coming which also reduces the risk of being a forced seller.
I suspect we retest $125k this quarter. I'd prepare to create a fiat cushion a little below the $120K mark. It could happen quickly, as unlikely as this seems right now.
Just remember gratitude yields a similar frequency to abundance & it's cheaper than renovations. ๐ซ๐