RE: Dropping fast. this penny25 Jun 2025 16:51
Trotsky gets it:
SMC currently owns c544 bitcoins and they're currently worth c£43m. SMC's shares currently have a market value of c£683m. So, shareholders are being asked to pay a multiple of c16x. I would respectively suggest that the difference in valuation isn't accounted for by the value of SWC's web design business. Personally, I have my doubts about cryptocurrency full stop, but paying c16x their current market value is simply ludicrous.