More impressive for margins would have been selling BTC at 60K USD on the companies behalf and buying back in at 28K USD. Currently we have a director who borrows against the upcoming value of BTC spending on the new farm in Texas. This share will stay pretty static or a long time if it's all spent before it's ever on the right side of the balance sheet.
Takeover? I hadn't considered that. Depends how much of PW's baby this is. But it would be short sweet success I suppose on the way to levelling up with MARA and RIOT
PW navigated through a very tough month for BTC - price falling, multiple attacks on it in the press. I for one perfectly happy to hold. Sell if you can't handle it guys.
Yes despite my jesting this is a fairly safe share if such a thing exists with good behaviour there is 10% here and if good news drops it can go to 50% pretty sharp too.
I expect to see a small surge over the next few hours. News will push it over the 50 but a slow steady climb to it is underway now from the looks of it.