RE: How to Value ARB share price and sentiment?25 May 2021 19:12
Evening.
Do bear in mind that MARA bought $150m of their current BTC hodl so that shouldn't be anywhere near "earnings" IMO as it was bought with cash, so more of a regular asset on the B/S I guess.
They paid an average of $31.1k for those, so around 2x the price we "earn" ours at - funny how that kinda BTC price keeps cropping up eh? Big players with lots of money looking to defend those c$30k buys - MARA, Tesla and all.
All told though, we're fiddling around with millions here and there's a yawning $1.3b gap between their mcap and ours so that's the gap that requires justifying from a value perspective I'd suggest.