Posted by DigiNomad on 4th of Mar 2024 at 04:29 pm
MARA - do you know how many bitcoin they have on their balance
sheet as of the last earnings report? I would compare that value to
their overall market cap. MSTR as an other than BTC company was
actually something like free a few months ago when comparing its
market cap to the value of BTC it held. How does that ratio
stack up with MARA? I'm interested also - post if you happen to
know the answer (I don't).
Posted by DigiNomad on 4th of Mar 2024 at 04:56 pm
That kind of explains why they are going down (in my mind).
Their market cap is greater than 6x their BTC holdings and the
company doesn't make money.
MSTR is next to it for comparison purposes...and this is
after going up 195% since the ETF's launched! (much better
valuation...and I think much more BTC, but I'm not positive on
that)
Nice Homework Digi! MSTR had the highest volume day ever today.
Hit a double top too...nice area to pay attn to both ways. gaps
below very nice if rollls.
Saw this last week, doesn't sound great for BTC mining stocks -
https://www.coindesk.com/business/2024/02/29/bitcoin-could-slide-to-42k-after-halving-hype-subsides-jpmorgan-says/
MARA - do you know
Bitcoin miners are weakening while COIN is still strong and ...
Posted by DigiNomad on 4th of Mar 2024 at 04:29 pm
MARA - do you know how many bitcoin they have on their balance sheet as of the last earnings report? I would compare that value to their overall market cap. MSTR as an other than BTC company was actually something like free a few months ago when comparing its market cap to the value of BTC it held. How does that ratio stack up with MARA? I'm interested also - post if you happen to know the answer (I don't).
Approx 17,000 BTC valued at
Posted by mugsy on 4th of Mar 2024 at 04:44 pm
Approx 17,000 BTC valued at > $1Billion
That kind of explains why
Posted by DigiNomad on 4th of Mar 2024 at 04:56 pm
That kind of explains why they are going down (in my mind). Their market cap is greater than 6x their BTC holdings and the company doesn't make money.
MSTR is next to it for comparison purposes...and this is after going up 195% since the ETF's launched! (much better valuation...and I think much more BTC, but I'm not positive on that)
Nice Homework Digi! MSTR had
Posted by breakout on 4th of Mar 2024 at 05:17 pm
Nice Homework Digi! MSTR had the highest volume day ever today. Hit a double top too...nice area to pay attn to both ways. gaps below very nice if rollls.
Saw this last week, doesn't
Posted by racerick on 5th of Mar 2024 at 07:50 am
Saw this last week, doesn't sound great for BTC mining stocks - https://www.coindesk.com/business/2024/02/29/bitcoin-could-slide-to-42k-after-halving-hype-subsides-jpmorgan-says/
coindesk.com
Bitcoin (BTC) Could Slide to $42K After Halving Hype Subsides, JPMorgan Says
The bitcoin production cost has historically acted as a lower boundary to the cryptocurrency’s price, the report said.