Member Info for CLSKBull

Lol I know.

Entirely expected, and won't be the last. Expect them every week or two for the forseeable. Suggests to me some interest from insti's buying on that side of things, puts some sort of higher floor on the price.

Game on - exciting times.

Agree it was forward sold rylidan. But good as you say, it is an arms race if they want to compete with SWC.

Sorry to hear your boyfriend dumped you poncho. (sorry couldn't resist)

No wasn't me, someone else has sold 2mil of them (£16k's worth). No big deal but the tiniest amount of volume moves this. Looks like a PI distracted by a shinier object elsewhere to me.

Pretty sure the swc is forward selling a placing.

Bitcoin miners can be supportive of renewable projects, monetising stranded energy, providing a baseload and load balancing facility (miners have deals where they switch off for storms and heatwaves), etc. The network is very competitive, so it is not viable to run on fossil fuels as you would lose money - unless you're in the middle east or something and get the fuel for next to nothing.

Bitcoin is not perfect, but can give hope to the unbanked, has a fixed supply, highly liquid and can transfer value around the world for low cost. It is not under control by a single country, although Wall Street have come onboard so we'll get the usual "benefits" of traditional finance (price manipulation). It is a conceptual financial good rather than a physical store of value like gold etc, but it has some benefits that gold does not have.

Traditional media has told us it is bad and have had an agenda against it - try finding an article on the BBC that is not anti-bitcoin. Meanwhile Wall Street hoovers it up. Don't worry they'll sell it back to us much later and pay the media to tell us it's good.

For some reason the market is not assigning value to the more boring stocks that are fundamentally sound - gold miners for example are really not doing much price wise even though gold is up massively. My opinion is that we are in for a heavy run in the market, followed by a recession starting either later this year or early next year. If this happens it doesn't really matter what you're in, it's going to crash.

Crypto is full of scams for sure, but Bitcoin is a bit different and should not be tarred with the same brush. Take a look into Satoshi Nakamoto, the anonymous inventor. He was a good guy. I think you would like him.

Buried treasure, I'm not even invested here, I'm just telling you how it works so you understand it.

Ultimately yes, someone is left holding the bag, as per any bubble. The good news is that they can hold for another 4 years and it likely runs again, provided the company does not fall apart.

What are your thoughts on the current monetary system? Do you not think that those with savings in a bank account are mugs? I don't know about you but since before Covid to now most things have doubled in price. It's scandalous in my eyes. Why is it good from your perspective?

None of this works without the premium. It needs the premium to allow the dilution and BTC buys.

No one wants the premium to reduce, but it will reduce with time as the mcap gets bigger and BTC buys flow through. Current premium is crazy as you've stated yourself several times a day, but it gives the company massive opportunity for raises and BTC buys.

I'm not saying it's not a bubble, it is most certainly a bubble. But it is backstopped by the BTC purchases. So when you get to 2x premium, let's say the company had an mcap of £1bil, it would likely be at £500mil of BTC on the balance sheet. There is a time lag before you see the value in this. You buy at point A, but it will be several raises/buys later that you see the fundamental value of BTC per share warrant the purchase. You need to stop thinking point in time, because it's always going to look overvalued at any point in time. It is the premium and the regular raises/buys that make this work.

Buried Treasure, the premium as per your calculation in absolute £ terms will keep on growing as the mcap grows - that is wanted/desired.

However we are talking about premium at an individual share level.

At the moment, one share here buys you a very small amount of bitcoin, far less than you would get for the same amount on the open market, however as time goes on this amount will keep growing (BTC per share).

Suspect they are working on a larger sized raise now to buy a bigger chunk of BTC.

Swans, the mcap does not include debt. They have about 2bil of senior notes debt, you need to add that to the mcap to get the true picture, and then you'll see it's roughly in line with other miners. But bitcoin miners have have fallen a distant second to BTC treasury companies this cycle. Perhaps they'll start moving when Bitcoin goes up a bit more. Fingers crossed.

Not yet but hopefully in the coming few weeks.

It matters. If it didn't have him there I would consider it, but definitely won't touch it because he's there.

Vinanz is a David Lenigas vehicle. He has a terrible reputation in the UK investment world. Be careful.

Thanks Trek.

There should be an RNS this week announcing the first buy, hopefully it gets well publicised and it carries on to your initial target of ~20p. SWC looking at hitting the £1 mark, it's a nice template for this to follow. I'm still trying to work out my strategy here but would likely scale out over time.

Sounds like you love risk and have to scratch that itch! It is an amazing feeling when you get one of these right. But glad you've reigned yourself in and de-risked to divi stocks, that is my goal.

It's not a successful trade until I close it - but it's currently doing what I hoped it would (emulating SWC's performance).

Hard luck Botak, hope you got closed out at not too big a loss.

HC - Less about here and more about what's going on in my side trade. Coinsillium up 50% today. It makes no sense, but markets are crazy that way.

Great to see you here Trek! I remember you from the Argo days, and yes, agree it feels the same.

Key factors for me here are:

1. James Van Straten onboard - well respected and good profile in Bitcoin speaking circuit (https://x.com/btcjvs).

2. Hasn't run yet as you say.

3. Has OTC listing (volume picking up day by day).

4. Previous bull runs it has spiked nicely.

5. They've got other things going on ($YELLOW, etc), but let's face it, the draw here now is BTC treasury.

6. The company has been around years, so they know how to stay in business.

SWC has already run hard, and is still running hard, so it might end up the premier treasury at this rate, but the next few weeks will make things clearer.

Cel Ai just seems to be chancing it - but could run nicely - very tiny mcap and probably horrible to try and buy/sell.

But I've also chosen the one I think will multiply the most from this point in time.

Most of you won't know this, but Trek was calling for Argo Blockchain at £1 when it was 4 pence - it peaked at over £3. It then crashed and burned over the coming years but that's another story.

Do you have a target in mind here Trek?

It's not going up because no one is buying - look at the trades/volume it's nothing - it won't just go up by itself, someone needs to buy. This will either be triggered by the company issuing news, organic buying over time, or new investors seeing the value here and buying in.