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559 sats \ 1 reply \ @sudonaka 9h \ parent \ on: Jack Mallers’s New Company (CEP,XXI) gets a massive pump 🚀 Stacker_Stocks
btw, the FLD chart is here: https://bitcointreasuries.net/entities/fold-inc-ftac-emerald-acquisition-corp
The "bitcoin holding price" of FLD stock (1.0 mNAV) is currently $2.95 Current FLD price of $3.96 = 1.34 mNAV
So yeah it could get worse. Especially when you look at the largest US miner MARA which is sitting at 1.09 mNAV (all its mining equipment is not even worth barely over the value of its bitcoin? might be some debt problems involved here) NOT FINANCIAL ADVICE
I now stay away from Wall St bitcoin miners personally. Get a Bitaxe for yourself and solo mine instead.
REMEMBER THAT COMPANIES CAN PRINT AS MANY SHARES AS THEY WANT OR MESS UP AND RUIN THEMSELVES AND YOU ALONG WITH THEM. YOU ARE PUTTING YOUR MONEY INTO THE CONTROL OF SOMEONE ELSE. COMPANIES ARE NOT LIKE BITCOIN.
But don't feel bad, I bought some GRIID (GRDI) when Ten31 (Matt and Marty from rabbit hole recap) dumped that VC on retail and it crashed hard then it was sold off to Cleanspark.
DO NOT TRUST BITCOINERS. Verify everything.
Don't trust anyone except Jesus Christ. God Bless
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0 sats \ 0 replies \ @BlokchainB OP 59m
I will say these types are a risky play. The idea here is to grow faster in fiat terms than what you can get just holding bitcoin.
For example bitcoin is just under $2T in market cap. To go up 100% in fiat terms you need the market cap to go up to $4T meanwhile some miner only has a market cap of $200M as the price goes on the way to $4T that miner will catch a bit from investors looking for growth. This the market cap of the miner will be bid up to maybe $2B which crushed the bitcoin returns and then you can buy more bitcoin with the fiat gain.
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