RE:RE:RE:RE:RE:RE:I found this about the WarrentsI've heard this twice. They earned 568 BTC by the end of March 31st Q1. They have around 1000 BTC now. I don't think the price fluctuations will matter long term. BTC tend to go up over time. I think hodling shows they believe in the industry and they a true crypto play. It's doesn't make sense to sell when at the same time we're all hoping other institutions buy and hold to increase BTC's value. It makes more sense if the producers also hold. If hive had held the 100k Ethereum they mined last year... They'd be a 5 billion dollar company today but they lack trust in the industry and short mindedness, they sold them all for...$200usd each? Now they're $2000+ each...bitf is thinking long term
remyken1509 wrote:
Whats clear also is that bitcoin prices sank from 63k to 40k losing almost 50% of value. multiply this by 1000 btcs and that hurts (they claim to have saved 1000 btcs, not 568) When you have that kind of money sitting in your coffers, and you still take a hit on your bottom line implies two things: creating shareholder value is not really your main driver or for whatever the reason, you cant tap into wealth and thats scary. Lets see how the market reacts tomorrow. GLTA