Member Info for tbcx

They do have a plan in place, it's been outlined in 20th June RNS which literally has the word plan in title.

So far they've announced crypto purchases on 20th June, 26th June, 2nd July, and 15th July - so last one only 2 days ago. This goes beyond just holding a bit of crypto on their balance sheet, but shows they are accumulating aggressively.

One of the reasons I chose this above some other altcoin treasuries is exactly because management being proactive, and frequent updates so far, which is a promising indication of how momentum will be sustained going forward from here.

With forthcoming Eth bull run this is a definite buy. Amazed market cap so low.

Interesting to see that US pricing today. Bit of a divergence opening up. Noticeable the other names started bouncing on US open too. Sense US investors need far less hand holding on btc treasury concept.

One way they do deserve some credit tackling was pushback from latest raise head on. To even acknowledge retail like that you don't often see. Most importantly was weekend interview referring to "non-dilutive funding". Magic words.

That messaging got a bit lost amongst general UK btc treasury carnage this week, plus being overwhelmed by the bearish chatter. Consequently market seems to be overlooking it, because if the company can pull it off, when everyone else diluting left right and centre, this would be a genuine gamechanger.

SWC getting destroyed at the moment, keep saying it but these guys do have an opportunity here, especially being main market. They just need to not f*ck it up, it's not complicated.

Time to add here again imv, drop overdone.

Eyeing up a re-entry here once blood letting stops. It won't fall below 0.8p at least given II support.

Rationally speaking, it's not truly worth any more than its btc holdings, similarly SWC isn't worth £800m+, to be honest we could name btc treasury across the world, all of them valued way in excess of underlying holdings. But we are not in a purely rational arena.

One of best accounts of the btc treasury premium I came across was in FT (in the article they refer to MSTR/Metaplanet but same principle), worth a read https://archive.is/9zSPa

It's getting wrecked lol, no way to sugar coat it. SWC lead the way upwards so guess it's natural that when it craters on back of stalling btc it drags down the little guys.

Until volatility subsides in meantime there are a few decent micro market caps out there arguably more insulated from these mega drops worth looking at.

Being main market is a definite advantage. Accessibility, regs, liquidity, you name it. Aquis has its share of howlers, that's for sure.

As superficial as it might seem, the name also helps. There are some right silly ones out there, whereas this almost sounds official. When retail really start frothing at the latter stages of the cycle, can see these factors juicing up some decent exit liquidity.

GLA

Poor old Bryan taking a bath here

I hear you, at same time worth noting other names got wrecked today, worth checking out the aquis fallers. Would be more of a concern if today in isolation but if anything we held up relatively well here today.

The company do have a bit of an opportunity here vs peers at the moment. SWC stalling a bit. Coin's latest RNS raises more questions than it answers. Coin valuation surpassing the £100m should have market naturally look towards lower cost entries. Could be a bit of an open goal for them here.

GLA

We know that last week's btc buy was funded through existing reserves so that £2.7m was free cash.

The most recent raise was for £2.7m, but today's buy used less than that. They only used £1.2m. Working capital requirements must be minimal here with so few employees. They also have almost unlimited authority to raise more cash post AGM, so not clear why they didn't deploy now more aggressively.

Precise realtime chart

https://bitcoinwisdom.io/markets/gdax/btcusd

Good point Spookyf2sh, absolute ATH at time of writing $123,231 on Coinbase (industry benchmark). And even that was a momentary local spike before dropping back to $122.5k range. Marginal perhaps but these details matter.

In my view anything below 13p here is a gift and I'm adding accordingly

GLA

It was the same with Coin when that dropped below 18p. Board literally just full of bears and the hindsight people. All that mattered to me then was the opportunity to buy in for less than what IIs had just paid. You just knew those guys would need to see a return. Price action since then speaks for itself. Most PIs sadly lose money actively trading, would be more concerned if everyone was mega bullish. Sometimes you simply have to take the contrarian view and stick with it.

Https://www.proactiveinvestors.co.uk/companies/news/1074601/london-s-btc-s-hewie-rattray-on-bitcoin-strategy-and-fresh-funding-icymi-1074601.html

Worth a read but some excerpts:

"The company would keep building its Bitcoin position regardless of market conditions while also exploring non-dilutive funding options."

"Catalysts include securing a long-term strategic investment partner, with progress expected over the coming weeks."