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/
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Approx 17,000 BTC valued at
Bitcoin miners are weakening while COIN is still strong and ...
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/