RE:RE:RE:New target of $24.85 for HUT from analyst yesterday. Oceanis wrote: I like it too but I wonder if I've missed the boat on this one and I wonder even more why insider selling is 36million+ over 12months and 6.5 million over the last 3? Are they just cashing in, or is there more to the story. They could just have many many, many, millions in shares so why not. I've been caught in a pump and dump before so watching this one closely for a possible buy, or maybe I never get in we will see. Looking at monday's bell with interest. Can someone on here post the top shareholders holdings on here please..!!?.
Bitfury in March 2018 owned 44% of HUT shares. They have been selling HUT to fund their R&D. Today they hold approximately 7% of HUT. Their consistent selling dragged the sp until HUT acquired their 1st tier Nasdaq listing. Last Friday over 20% of HUT shares traded on the Nasdaq. The market is hungry for HUT - plain and simple!
Investors considering BITF should realize HUT Hodles twice the number of Bitcoins than Bitfarms does. Thus HUT pretty much doubles the daily gains that BITF experiences when Bitcoin rises. The market is pricing the miners for their current
Bitcoin holdings - not some hyped numbers a year from now lol
All the best