Phoenix Digital Assests PLC11 Mar 2024 08:11
Worth looking into a very undervalued crypto stock, Phoenix Digital Assets PLC
Phoenix have a £37.84 million mcap as of 09/03
Phoenix hold the following:
623 BTC = $42.66million
6794 ETH = $26.54million
86396 SOL =$12.61 million
732899 OP =$3.43 million
Others $3 million approx
$4.19 million in cash & other investments
Total = $92.24 million
Total = £71.74 million
Equals approx 7.2p per share
Current price 3.80p per share
There will also be a tender offer after the halving to buy back their own shares at the NAV price.
Massively undervalued and an amazing opportunity. You can trade it on ig.com
Well worth a look.