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Bitcoin soaring

Short-term pain for long-term gain.

Proposed Capital Raising (13p)

Https://x.com/hewiebtc/status/1942962152857625020

Here is the issue.

1. They have raised all their money to buy 65 bitcoin at current price or higher. Nobody is in profit.

2. They have tapped the WRAP market dry limping to £1m last effort.

3. They own 65 bitcoin worth £5.3m.

4. At 16p their market cap is c.£52m with 330m shares out.

5. That equates to 1.6p of value.

6. It therefore trades at c.10x value of bitcoin even at today's price.

7. You pay that premium for their ability to raise lots of money which they cant evidentially.

8. Strategy, the most successful with nearly 600k bitcoin trades at less that 2x - ie the premium crunches down once you lose your unique status.

9. there is nothing unique about them - you can play in London bigger through Smart Web or then one of the other 10 and counting similar me too companies.

10. At 3x NAV its worth 5p.

So Clear, who were the main backers from the start and know more than everyone here dumped the lot to unsuspecting punters in the rally. They are out, didnt even keep 1 share...why ? Because its worth between 1.6p and 5p if you are generous and that relies on them raising more money to fill into that premium value.

So does it look cheap at 16p? not at 10x NAV and while these plays get the NAV premium for their ability to raise money successfully, it will work on the downside too ie if you can that NAV premium will evaporate just as quickly as it was ascribed. Hate to say it but this most likely goes to 5p as investors wide up to this. Musical chairs as to who is left holding the overvalued stock right now. Clear capital just took their chair out the game and they likely know the most....good luck to those willing to play the game but it most likely ends badly unless they pull the rabbit out the hat somehow...Clear took the view they wont.

Mpg1: The important question is, why was the big holder exiting?

Love the table:

https://x.com/_MikeNoble/status/1942637466940289464/photo/1

£1 to £2 in near future

https://x.com/DavidLenigas/status/1942680607626023268

RunningBull: Nasdaq listing is the main catalyst. This would open the floodgates. I remember when he was asked how difficult the process is and how likely the application would be rejected. He said not difficult and it is improbable to be rejected. He also said something about the bond market to raise a larger amount. They have a strategy to buy Bitcoin aggressively (although I believe the last raise was a failure). Like I said it is my research and I could be wrong so do your research, thanks.

I am expecting the share price to reach £1 to £2 in near future. You can call me mad but this is what my research says. I could be totally wrong so DYOR thanks

In one of the interviews (if I remember correctly) the CEO mentioned that the application will be submitted this week. It is a 30 to 40 days process and if approved then this will be listed on NSDAQ in September.

I think, last week fund raise was a failure that is why the SP is below 18.5p. I was expecting 3 to 4m raise but they managed to 1m IMHO

Https://coingape.com/michael-saylor-says-bank-of-england-on-the-brink-of-buying-bitcoin/

From ADVFN board:

Statistically every year for the last 10 years the S&P 500 gained in the month of July. This is the only month that has happened consistently. Commentators have said that it is likely to happen again this year.

Someone has overlaid the charts of Bitcoin and other Crypto, and is projecting that July is also the month where gains are made. A renowned person in the Crypto industry has asserted that the second week of July is the week where Bitcoin Treasury Companies start to move sustainably into the month of August. Phase 1 and Phase 2 have finished, with the current sell off being the end of Phase 2. Phase 3 (the upward move) is about to begin, and Phase 3 will take the share price even higher than phase 2.

If the above analyses are correct I predict that SWC will return to the £6 level at least (that will give it a £1 billion valuation again, in the tiny AQSE market- funny in a way), and BTC (formerly Vinanz)will return to the 64 p level. An Elliot Wave chartist has predicted 100 p a share for BTC.

From ADVFN board:

Statistically every year for the last 10 years the S&P 500 gained in the month of July. This is the only month that has happened consistently. Commentators have said that it is likely to happen again this year.

Someone has overlaid the charts of Bitcoin and other Crypto, and is projecting that July is also the month where gains are made. A renowned person in the Crypto industry has asserted that the second week of July is the week where Bitcoin Treasury Companies start to move sustainably into the month of August. Phase 1 and Phase 2 have finished, with the current sell off being the end of Phase 2. Phase 3 (the upward move) is about to begin, and Phase 3 will take the share price even higher than phase 2.

If the above analyses are correct I predict that SWC will return to the £6 level at least (that will give it a £1 billion valuation again, in the tiny AQSE market- funny in a way), and BTC (formerly Vinanz)will return to the 64 p level. An Elliot Wave chartist has predicted 100 p a share for BTC.

Because BTC.L has to do things by the FCA rule book which is a lot different to Aquis rules. And we will continue to build something very solid for the LSE main board.

David Lenigas

Why did SWC go up so fast while BTC has such a low share price despite being on the main London market?

Apologies if it has already been posted.

https://x.com/ShroomAcademy/status/1941073191532994757

True James. My observation is the same. SP goes up and it is dragged down to fill orders

Bitcoin: 110k now