Crypto Rallying Back to February Levels Tokens.com is a crypto-staking company giving the average investor access to the crypto-staking market. They recently released their financial results, and combining that with a bullish crypto market, things are looking pretty good.
- Digital assets of $11M with $2.3M in cash ($456k in non-current digital assets)
- Staking revenue $193k + $10k in consulting revenue
- Non-cash loss of $9.5M, but the Q2 results end on June 30, which happened to be near the bottom of the crypto dip
- They also spent some time improving their staking operations and brought the cost to stale down to 5.6% (compared to an average of 25%)
https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00010968&issuerType=03&projectNo=03261690&docId=5022389
Since mid-July, crypto has recovered nearly 50% of its value, which will significantly help $COIN.NE since most of its assets is in crypto. When the market is up, they earn more staking revenue since the underlying asset is worth more. If the crypto market cap continued to show stability and strength at these levels (or even higher), Q3 earnings will be very interesting to see.
Overall, $COIN.NE‘s heavy loss comes from non-cash assets meaning that the losses look worse than they are. With the recent crypto rally, they have definitely recovered some profit from their crypto holdings. Currently holding a market cap of only $36M.
Also, check out their Twitter. They send out a lot of interesting stuff as well as some of their holdings! (For example, they quickly sent out their BNB and ETH holdings, 5,135 BNB: $2.1M and 2,384 ETH: $7.4M)
https://twitter.com/tokens_com