RE: BLUE incoming?4 Jul 2025 15:10
Hence why you must take into account cash and bitcoin held for MNAV.
Too many look only at the number of bitcoin held which is the wrong way of calculating the MNAV.
Coin have more cash than bitcoin, about £7m cash and about 54 bitcoin. If you only take into account number of bitcoin held and not the cash held, then your calculations are completely skewed.
The likes of unknowntrader, beanburger and the others who comes on here are frustrated with themselves for not getting into these shares when they were at 3p however the MNAV is better now than when the shares were at 3p and so Coin is a much more attractive buy now because it holds £11 million in cash and bitcoin and will be able to raise more money in the future.
In effect Coin is raising money to buy an asset bitcoin which will grow in value.
Trump is bringing in more and more deregulation for bitcoin and other countries will follow this.