In this article, we will assess the investment made, the most recent news, check the business history, and the other businesses of the holding.
Coin Citadel is a very old business entity founded in Nevada in May 1986. Its business owners seem to have acquired a lot of experience, as the company was used for operating in very different sectors. These are the names used to appropriately describe the business of the company:
Fertility Advancements, Inc. (1986)
- Eubix Technologies, Inc. (1990)
Nettel, Inc. (1999)
One Touch Total Communications (1999)
Carbon Jungle, Inc. (2006)
Global New Energy Industries, Inc. (2013)
Coin Citadel Inc. (2014)
That is a long business history. According to the last annual report, at the moment, the administrative offices are located in Reno, NV. This is the business objective of the company: “Coin Citadel is a holding company organized with a goal of acquiring and managing a diversified portfolio of profitable, growth-oriented companies.” More specifically, in the same document, it is noted that the company invests in the Bitcoin industry. This was found hidden in the 10-k about the most recent operations:
If we take into account the investment in bitcoins, the net asset is positive. Thus, the company seems to have oxygen enough to keep operating in the future in this or any other sector. For example, merging with another company from another high growth industry may be a very good idea.
Coin Citadel made a very smart investment last year. In our opinion, the long expertise accumulated in the company helped the management team successfully decide to invest in bitcoin when it was valued at approximately $650 (the price has not been disclosed). Now its value has multiplied. In our opinion, CCTL is one of the best ways for investors to play bitcoin without actually having to buy bitcoin themselves. That’s the only way that we can explain the recent volume. Additionally, we saw that the company is looking at other sectors and is growing. To sum up, try to stay alert, the company may surprise again soon.