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Bullboard - Stock Discussion Forum Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three... see more

TSXV:BNXA - Post Discussion

Banxa Holdings Inc > BNXA HODLing Bitcoin, $8.5M worth as of December.
View:
Post by PennyWise416 on Mar 06, 2021 9:45pm

BNXA HODLing Bitcoin, $8.5M worth as of December.

Inventory of 136 bitcoin. Don't see this listed on BitcoinTreasuries.
Comment by robvc on Mar 07, 2021 7:48am
This is right from their financial statements ending dec 2020. Note 7. Current assets – inventory 31 Dec 2020 30 June 2020 $ $ Crypto currency held for resale 5,586,851 33,059 Crypto currency inventories are measured at fair value less cost to sell in accordance with the consolidated entity’s accounting policy for crypto currencies and in accordance with IAS 2 Inventories. Earnings for the six ...more  
Comment by robvc on Mar 07, 2021 8:03am
So if banxa  still holds 136 coins at this time 136 x $50.500 = 6,868,000 held for re-sale as of Dec 2020. less expenses for the sale of course. Hopefully they still have them and are adding more at this time because this coin is goig to explode soon to 70k plus and beyond. cheers
Comment by PennyWise416 on Mar 07, 2021 10:43am
Going by the list from June to December went from approx 2 btc to 136 btc. Seems like they're increasing their rate of HODL. Could be 250 by Spring. No time right now and don't have a github account. But if someone wants to add BNXA's btc hodling to BitcoinTreasuries the link is here: https://bitcointreasuries.org/add
Comment by PennyWise416 on Mar 07, 2021 8:59pm
Wowzers. Left the computer this morning hoping by week's end we could make a footnote on BitcoinTreasuries. Didn't think we'd land a lead article on Motley! Great team of shareholders here. Knowledgable, dedicated, patient. Team Banxa.
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