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Hold that thought and see you in mid-September

"Please correct me if I am wrong but with BTC's "massacre" all but confirmed to happen in the next couple of months and BTC to then plunge to lows until the next bull run..."

That seems to be the bit that's wrong.

They have not banned private citizens from owning BTC

BTC = $40k+ now

This would be a strong buy. The strong sell was back at 210

and 2019

More likely to start down today to be honest, then see how the dust settles into the end of the week

If you accept an 85% margin on mining a $50k BTC then it would be €7.5k

Just for comparison (not cross ramping), see how RIOT is valued here and then consider the parallel logic to ARB
https://investorplace.com/2021/05/riot-stock-looks-cheap-after-latest-april-mining-update/

I think ARB is actually a larger multiple of its current assets on paper, although so it should be due to its profit/productivity advantage

Who predicted BTC $100k in April? That was never likely, maybe towards the end of this year. But you're right that whatever BTC does, ARB buyers/sellers do have a habit of amplifying so there is an upside and a downside. https://imgur.com/a/yg0BZPW

Where does it look like it's going...?
https://stats.buybitcoinworldwide.com/stock-to-flow/

It's not "all manipulation". That can only be achieved over short periods of time in a market this size. It plays a part and is worth factoring in but those interventions are only responsive to the net pattern of options taken out by speculators on the BTC trend, which is shaped by a mix of market factors and sentiments. You have to decide if you think those shorter term factors are likely to outweigh the longer-term momentum of the S2F model in the timescale of your investment choices.

@Rockonuk01 - "there will be lots of individuals dumping them as soon as they get to break even"

That will help if they are gobbled up by larger and more sticky fingers, which is what seems to be happening.

Full report is here https://corporate.walmart.com/media-library/document/q1-fy22-earnings-release/_proxyDocument?id=00000179-7c07-d966-af7b-7c6f75110000
I wouldn't expect it to feature as a separate accounting line, other than falling within 'cash and cash equivalents' or 'other investments'

Looking at the pain/gain range last month there really wasn't a huge amount in it anywhere between $48 and $62k (with $54k being the optimum for the option writers on 30 April). The big question for the S2F model is whether you think BTC has been tracing a series of steps in recent months, and or whether it has actually been moving horizontally (on one step level) since February (within that trading range), and when will it break out to the next step up...

...sorry, around $50k by this Friday

It is probably not a coincidence that the price of BTC tends to land in the zone of greatest pain for long and short options on each expiry date. If it’s going to pop then it’s more likely to do so in the gaps when the heavy feet are off the gas/brake. If so, then you’d expect $45k yesterday and same today, up to $54k by Friday... who knows where after that... and back to $54k the Friday after. We’ll watch and see

Similarly @RC, I’ve reduced a gold holding and over weighted here. I’m hoping to see roughly a doubling of BTC/ARB between now and early part of Q4.

There is good news pouring out of ARB every month. You chose when to buy or (not) sell your shares.