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07/25/23 Exponential increase in the number of patients led to $13 million in revenue in April.
Dr. Waqaas Al-Siddiq, Biotricity Founder & CEO, commented, "Today, we're proud to announce that we have built a powerful proprietary cardiac AI model that combines Google's TensorFlow, Amazon Web Services infrastructure, big data, and a continuous learning engine. This combination allows us to rapidly improve our cardiac monitoring technology. In the near future, we believe the capabilities of our cardiac AI model will allow us to support healthcare professionals in handling exponentially more patients while identifying the most critical data. This will enable healthcare workers to elevate the quality of care while serving a larger number of patients. As growing patient numbers further stress the shortage of healthcare professionals, our technology could help alleviate this pressing issue. We have engineered our technology to not only improve patient care and outcomes but also to do so in a manner that supports more patients. This has led to increasing sales of our remote cardiac monitoring devices and the ramp-up of our subscription-based service, accelerating our recurring revenue over the past few quarters. This led us to achieve a $13 million revenue run rate in April 2023 and has charted a clear path to profitability.
Biotricity, Inc. (BTCY)
At the close of after-hours trading
$3.67 + $0.50 from the day's close (+15.77% from the day's close of $3.17)
+ $0.72 from yesterday's close (+ 24.4% from yesterday's close)
Bid/Ask for 07/25/23 $3.51/3.74 vs close of $3.17
No press release, but maybe something is in the works?
Biotricity, Inc. (BTCY)
At close: 4:00 PM EDT (Eastern Daylight Time)
$3.17 + $0.22 (+7.46%)
After hours: 4:44 PM EDT
$3.25 + $0.08
Then, 16 minutes later
After hours: 5:00 PM EDT
$3.30 + $0.13
After hours: 5:15 PM EDT
$3.3900 + $0.22 (which is how much it climbed in the entire day's trading = + 6.94% from the close
Previously
For the first fiscal quarter that ended June 30, 2023, the Company reported an increase in revenue which represents growth of over 40% Year Over Year from the corresponding prior-year quarter.
Dr. Waqaas Al-Siddiq, Biotricity Founder & CEO, commented, "Based on robust first-quarter revenue growth and our early read on the quarter's sales and operating metric trends - including customer retention -- I am fully confident our business will continue to scale as planned and show strong growth throughout the fiscal year 2024.
"Our products and biosphere platform model, and vertical sales strategy of complementary products, continues to strengthen," Dr. Waqaas added. "Since launching our Biocare app in January of this year, we have had over 10,000 downloads. Our second product -- BiotresTM- is rapidly gaining traction industrywide with new and existing customer purchases exceeding our internal forecast. It will set a company record for its $2 million run rate."
Bitricity will continue accelerating its growth in the coming years as it expands its presence in the U.S. market and additionally, expands globally.
BTCY did a 1 for 6 reverse split on July 3rd. Its price was $0.50 and after the reverse split, it was $3. It quickly climbed to $3.28, but, as is usual after a reverse split, people were used to seeing it at a much lower price, and in a few days, it fell to $2.35. It held that price and then started climbing. On July 14th it passed the $3 level and closed at $3.05, but then started slowly edging down and today, July 19th it closed at $2.92.
But wow. In after-hours trading, it started taking off and closed WAY ABOVE its post-reverse split high of $3.28:
BTCY
$3.36 + $0.44 (+15.07%)
After hours: 07:52 PM EDT 07/19/23
That may not hold in tomorrow's trading, but over the last year, every press release has shown that the company is on a very very strong growth trend as it continuously innovates its product. Ours is the ONLY COMPANY with advanced continuous cardiac monitoring that the doctors can directly access. Cardiac doctors throughout the country are signing up with the company and the list of patients is growing exponentially. Soon the company will be expanding to other countries.
Our company is still in its infancy. It has YEARS of growth ahead of it. With the reverse split, its share count is just 8.75 million shares. And, as I said, its share price blasted upward in after-hours trading. It may back off, but buying shares anywhere in this price range will be a no-brainer. (Does that mean that anybody that buys here is a zombie?}
Be interesting to see what it does Thursday 7/20/23.
BTCY did a 1 for 6 reverse split on July 3rd. Its price was $0.50 and after the reverse split, it was $3. It quickly climbed to $3.28, but, as is usual after a reverse split, people were used to seeing it at a much lower price, and in a few days, it fell to $2.35. It held that price and then started climbing. On July 14th it passed the $3 level and closed at $3.05, but then started slowly edging down and today, July 19th it closed at $2.92.
But wow. In after-hours trading, it started taking off and closed WAY ABOVE its post-reverse split high of $3.28:
BTCY
$3.36 + $0.44 (+15.07%)
After hours: 07:52 PM EDT 07/19/23
That may not hold in tomorrow's trading, but over the last year, every press release has shown that the company is on a very very strong growth trend as it continuously innovates its product. Ours is the ONLY COMPANY with advanced continuous cardiac monitoring that the doctors can directly access. Cardiac doctors throughout the country are signing up with the company and the list of patients is growing exponentially. Soon the company will be expanding to other countries.
Our company is still in its infancy. It has YEARS of growth ahead of it. With the reverse split, its share count is just 8.75 million shares. And, as I said, its share price blasted upward in after-hours trading. It may back off, but buying shares anywhere in this price range will be a no-brainer. (Does that mean that anybody that buys here is a zombie?}
Be interesting to see what it does Thursday 7/20/23.
The judge's ruling indicates Musk's bot complaint is shot down
Musk's legal team has concentrated on his reneging on the agreed $54.20 merger by saying that Twitter's bots are higher than the 5% that is claimed by Twitter and therefore the company is worth less than is claimed by Twitter. Therefore Twitter's stock is worth much less than was portrayed by Twitter and so the deal should be invalid.
The problem is that normally before a merger deal is agreed on, the staffs and lawyers on both sides get together and sign off on a contract that runs hundreds of pages long where every contingency has been looked at and agreed on.
Musk, being Musk, refused to go through all that, and signed the merger deal saying he would take Twitter as it was. Now he wants to have the 21 people involved in monitoring bots be questioned by his legal team. Twitter has been refusing this, saying that Twitter has met all the requirements of the merger agreement, as was written.
Legally Musk can not really bring up the bot argument. Although it would really be up to the judge to decide if he can.
Delaware Chancery Court Judge Kathaleen St. J. McCormick is known as a no-nonsense judge and refuses to let either side in the cases that she is hearing try to stray from what is relevant. It looks like she is sticking to this because she mostly denied Musk’s request in a one-page ruling, ordering that Twitter needn’t “collect, review, or produce documents” from any of the other 21 additional custodians Musk asked for.
The exception is Kayvon Beykpour, former head of consumer product, who was fired in May.
Beykpour was the top product executive at Twitter for years before he was unexpectedly dismissed by new chief executive officer Parag Agrawal. It was his product team that was most directly responsible for expanding Twitter’s user base -- and it is the quality of that base Musk has questioned in seeking to walk away from the deal. Even if Musk's team does question him, it will probably be moot.
The only relevant factor will be the skimpy contract that Musk signed. Judge McCormick will say that the bot issue should have been worked out before the merger agreement was signed.
It looks like Musk will be forced to buy Twitter at $54.20 a share. And he WILL be forced to come up with the money. His company is registered in Delaware and if Musk tries to refuse to come up with the money, Judge McCormick can have the court sell enough of Musk's Tesla stock to cover the deal.
Considering that Musk has been selling his Tesla stock to raise money, it looks like he realizes that his chances of getting out of the merger are slim to slimmer.
Elon Musk said that he, along with a group of financial institutions that are led by Morgan Stanley, is considering offering $46.5 billion to buy Twitter shares directly from the public, thereby bypassing the poison pill stunt pulled by Twitter management.
Elon Musk was offering $54.20 a share for Twitter, however, a price of $60 to $70 a share is considered a price more in line with what the company is worth. There are 763.48 million Twitter shares. So an offering deal of $46.5 billion could mean that Musk may be offering to pay $61 per share.
There are some other companies showing an interest in buying out Twitter, so a bidding war could bring the ultimate price higher than $61/share, possibly in the $70 range.
Either way, even though the stock has climbed some over the last week, it is still below the $54.20 original offer and at its present price, it looks like an excellent buy-in price. Most likely this Twitter/Musk/+ other interested buyers, will be resolved before too long. It could be Twitter will be able to block Musk, but more probably Twitter will be bought out and people buying here will make a quick profit.
News release:
Hoping to chalk up the company's second successful flight, California-based Astra fired off a 43-foot-tall rocket from the Cape Canaveral Space Force Station in Florida on Thursday, but the vehicle's upper stage appeared to tumble out of control moments after engine ignition. The rocket's payload — four small NASA- and university-provided research satellites booked under a $3.9 million contract through the space agency's Venture Class Launch Services program — was lost in the mishap.
Which sounds bad, and the stock dropped. But we have a great management team whose members have worked at NASA etc. The first stage worked perfectly. Telemetry will show what went wrong with the second stage.
All new rockets have bugs that need to be worked out. They will be and the stock price will recover.
What we actually have here is a good buying opportunity.
As stated by a previous poster, the stock always comes roaring back.
Once it stops dropping, you might seriously consider buying more shares.
One of the analysts on SAVA gave a target price of $900 if it gets approved and becomes a go-to drug. Stated it was a multi-year price target.
I don't remember which analyst, but you could do a search.
Trading in DMEHF was halted this morning.
That the stock trading has been halted is probably related to good news.
Usually, when a company that has been doing good, such as our stock, asks for a halt it means that they have good news and they don't want people who may have acquired knowledge of the news to be able to buy the stock before the news becomes public.
After the news has been released, the trading halt is removed. Sometimes not for a while in order for people to have time to notice the release and evaluate it.
In some cases, people can put in a bid at what they think the stock may trade when it opens. People must be anticipating good news because the bid is pretty far above its closing price.
Monday, July 5th. is the stock market holiday for Sunday's 4th of July. So the warrants won't be trading on Monday. You might want to sell any warrants you hold on Friday 2nd July. Their expiration date is Tuesday 07/06/21.
Today, Monday 06/28/21, there was a very positive write up and the stock, and its warrants are moving up strongly. This might carry over for the rest of the week, although there may be a pause Tuesday because of its strong showing today.
Merger set for Tuesday, 29 June.
What's your point?
Saying they have never sold any shrimp in the last 20 years is beyond stupid.
We're not stupid. The people here know why no shrimp have been sold in the last 20 years. Well, that.s mostly Jimr1717's rant.
The first 18 years were spent perfecting the system. There was no intent to sell any shrimp during that time. Then they had the fire. They used the rebuilding to upgrade their site.
Now they have the BEST SYSTEM IN THE WORLD.
And they ARE now raising shrimp to be sold. Plus, over time they will be raising other species.
What we have to see, is if they can sell their superior clean antibiotic-free fresh shrimp at a profit.
Soon we will know that. Until then, all the pro and con posts are just meaningless fluff.
Aren't you cute, "Hello my little monkeys. I am a prospective investor in this company. Convince me as to why I should invest my hard-earned money into this company."
Quit making a monkey of yourself and do your homework. Unless you need glasses, it's all out there for anyone to see.
We're satisfied with what we've seen.
For anyone that holds the ChargePoint warrants CHPT-WT, the company has announced that they are calling them (terminating them) on July 6, after which they will no longer trade and will be worthless.
You can sell the warrants, or use them to buy CHPT for $11.50 a share.
Friday CHPT closed at $33.14 + $1.18
$33.14 - $11.50 = warrant worth $21.64
Friday CHPT-WT closed at $21.86 + $1.39
EV stocks have been under pressure for quite a while, but have lately been gaining strength.
CHPT has been climbing for four days now. The warrants will be called in 3 weeks. The warrants will be rising (or falling) in lockstep with CHPT and because they are less expensive than CHPT, their percentage rise will be greater.
If CHPT falls in price, the warrants fall will be much greater, percentage-wise.
But either way, they should be sold by Monday 5 July, just to be safe.
The price of gold fell $40 earlier today to a low of $1,770. Since then it has been rising and is now at $1,788 a rise of $18.
We'll have to see, but its plummeting may be over. With Biden and other world leaders destroying the world's currencies, people may start turning to gold and the poor man's gold: silver.
Both would benifit Guanajuato Silver Ltd.
VERY NICE BOUNCE at the very end of the day on high volume.
Up 27%
Has been climbing for several days now.
On Tuesday the Federal Reserve said that rather than keeping rates near zero through 2024, the Fed will start raise rates to rein in inflation if it continues rising through 2022.
Since then gold and silver have been plummeting, now at $1,778 and $26.14, and this has put pressure on GSVRF, but that is expected to reverse when people realize that the Fed is saying that it will not raise rates until 2023, plus that core inflation, not counting items such as lumber, has actually started to retreat, and so it may not raise rates if inflation's rise slows down in coming months.
Vangold's (Guanajuato) breakeven price (after subtracting costs) is $17.20/oz for silver and $1,376/oz for gold.
Prices today Silver $27.50 = profit $10.30/oz
Gold $1,837/oz = profit $461/oz
Will start milling/selling Ag & Au from stockpiles in the 4th quarter this year (Or 1st quarter 2022.)
Surface stockpile 185,000 tons @ 67 grams/ton silver 0.45g/t gold = 398,500 oz/Ag + 2,680 oz/Au
= profit (after subtracting costs) Ag = $4,104,550 Au = $1,235,480 => $5,340,030
Underground Stockpile that has been accessed. There may be more beyond the rubble that is blocking access to further parts of the historic mine tunnels.
25,600 tons @ 166 g/ton silver (~ 2.5X more silver per ton than the weathered surface stockpile. This will be similar to the grade of silver that will be in the ore in the vein that is to be mined.) = 136,600 oz Ag = profit $1,406,980
1.67 g/ton Au (~3.75X more gold per ton than surface stockpile.) = 1,375 oz Au = profit $633,875
= total $2,040,855 Underground's stockpile
Grand total = Profit = $7,380,885 from both of the stockpiled ore's. This cash flow will most likely start in the 4th quarter this year.
In-depth report. Pebble's mine and its tailings dam, will not fail during the strongest possible earthquake that can occur in the area.
Its tailings pond will not leak into the groundwater, despite what critics proclaim.
The tailings pond's toxic slurry will be detoxified using newer methods, that are much more efficient and effective than previous methods, yet at the same time are magnitudes less expensive.
(Note many of the chemical symbols of the metal ions had the end part of the symbol cut off.)
https://stockhouse.com/companies/bullboard?symbol=nak&postid=33348757
I've read comments that there is no way to prevent large mines from polluting the areas surrounding them, and therefore Pebble WILL pollute its surroundings.
That used to be true, in fact as recently as 50 years ago, mining companies deliberately ignored the potential harm that their mining processes would do to the environment. But since then mining companies have become increasingly proactive in protecting the environment.
I have done extensive research on mining's impact on the environment. Modern regulations and improved mining technologies have mitigated these concerns.
Take the relatively nearby giant Donlin Gold mine in Western Alaska which has been approved by the U.S. Army Corps of Engineers after a six-year approval process. The Donlin Gold mine will process 59,000 tons of ore a day and produce 1.3 million ounces of gold a year. It will be one of the largest gold mines in the world.
The mine is located in volcanic geology with high mercury levels. Critics, such as Mr. Fairbanks, say that processing that many tons of mercury-laden ore a day will produce unacceptable levels of mercury waste.
Donlin Gold’s proposed water treatment system and wastewater management plan has won the approval of state and federal environmental agencies.
The quality of the discharged water meets state and federal standards which are protective of all current and potential future uses of Crooked Creek. Donlin's state-of-the-art technology has proven to be effective by many mining operations and even municipal water treatment facilities around the world. It removes all contaminants from the water. The mercury levels in Donlin's discharged water will be lower than the existing natural levels found in the area's streams today. The water discharged from the mine into the nearby streams will be so clean that it will be pure enough to be used for municipal drinking water.
Mr. Fairbanks’ makes a false assertion about the amount of mercury that would be released into the atmosphere annually. This inaccuracy was refuted by the EPA. The EPA predicted that the amount of mercury fumes released into the atmosphere by Donlin's mine would be negligible. Mercury has been an important consideration in the environmental review, undergoing a very rigorous analysis of the potential impacts it could have on the environment including the health and welfare of our shareholders. This information shows that the contributions of mercury to the air, land, and water from the project will be minimal, even in the nearby subsistence resources used by the village of Crooked Creek. With all the regulated best available controls and mitigation measures highlighted in the EIS, there’s no demonstrated mercury risk associated with the project.
Mr. Fairbanks also raised general concerns about the past history of mining projects. The truth is the six major mines currently operating in Alaska have a tremendous track record in the protection of water quality and fish. He cites NOVAGOLD’s Rock Creek Mine as a specific concern. Rock Creek never caused damage to fish and was closed and reclaimed without any long-term water treatment.
In fact, the Bering Straits Native Corporation received the Alaska Department of Natural Resources reclamation award in 2016 in recognition of the successful implementation of the closure plan.
Pebble would use similar and even improved technologies with its mine and has shown that it will not contaminate the area's streams and that it will pose no danger to the Bristol Bay salmon's spawning sites.
Vangold volume has been increasing dramatically over the last two weeks, and especially today.
Its average volume is 330,000 shares traded, today 846,000 shares traded.
Vangold's price has been slowly, steadily, increasing for months.
Since the opening on Monday, Vangold's stock price chart has been going up at a 45-degree angle.
The market has been falling. Today the market fell 267 points.
Vangold rose:
Vangold Mining Corp. (VGLDF)
$0.600 + $0.0749 (+14.27%)
Soon it will be $1, and then $6, up 1,000%
Hopefully, people have been buying shares. Tomorrow I will sell more of my other shares and buy more VGLDF.
Developers are choosing ethereum as the operating system of choice for blockchain apps because it has a first-mover advantage (founded in 2015), is decentralized enough compared with its competitors (roughly 9,000 computers operate the ethereum blockchain), and its implementation of smart contracts is best-in-class.
These advantages show up in the data… The market value of cryptos built on top of ethereum is already north of $40 billion. And of the top 84 decentralized finance (“DeFi”) projects, all but one are built on top of ethereum. In short, ethereum has clearly established itself as the platform of choice for blockchain app developers.
While ethereum is in the driver’s seat today, the amount of demand for its network is too high relative to its current capabilities, and it’s sending transaction costs soaring.
After being negligible for most of the past three years, transaction costs – known in the crypto world as “gas prices” – soared to nearly $40 per transaction due to the proliferation of DeFi projects built on top of Ethereum in late 2020 and into 2021.
While elevated “gas prices” are a good indicator of how strong demand is, it’s worrisome in the short term because it discourages further app-building on the ethereum blockchain – and opens up ethereum to competition.
The main issue is that right now, ethereum only supports around 25 transactions per second. This is 3 times the performance of bitcoin… but terrible when compared with credit-card giant Visa (V), which can process 2,000 to 10,000 transactions per second.
But innovation is just around the corner…
“Ethereum 2.0,” which is set to be released next year, will boost ethereum’s performance to 100,000 transactions per second.
And with ethereum able to confirm a transaction in just six minutes – versus bitcoin at one hour and Visa at 24 to 72 hours – ethereum 2.0 will clearly set itself apart from its peers.
The bump in transactions per second on ethereum 2.0 will allow the community of developers and apps built on ethereum to keep growing almost without limit. And as “gas prices” return to more normal levels, transactions – and demand for the ethereum crypto to pay for these transactions – will soar.
Commentators have speculated that the price of ethereum could go up potentially more than 20-fold.
As you pointed out, HVBTF derives a significant amount of its earnings from ethereum. As ethereum goes, so goes HVBTF.
Ethereum could reach $4,000 this weekend, in fact, today
Ethereum USD (ETH-USD)
$3,875.50 + $383.79 (+10.99%)
Just needs to go up another $124.5
Ethereum USD (ETH-USD) was
$3,665.59 + $161.03
Now
Ethereum USD (ETH-USD)
$3,823.58
In just 4 minutes it's climbed to
$3,837.83
This keeps up, Monday we could take off
Plus Monday we have the webcast
SAN ANTONIO, May 07, 2021 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (Nasdaq: GROW) (the “Company”) will host a webcast on Monday, May 10, 2021, at 7:30 a.m. Central Time to discuss the Company’s results for the third quarter 2021. An update on HIVE Blockchain Technologies (“HIVE”), the Company’s strategic exposure to the crypto asset boom, will also be discussed.
Financial data for the quarter will be released prior to the webcast.
Frank Holmes, CEO and chief investment officer will provide an update on the Company’s profitability and strong performance of its investment products. Lisa Callicotte, chief financial officer, will give an overview of financial highlights for the quarter ended March 31, 2021. Lastly, Holly Schoenfeldt, marketing and public relations manager, will detail the Company’s media and marketing strategy.
For more information about U.S. Global Investors, visit www.usfunds.com. For more information about HIVE, visit www.hiveblockchain.com.
About U.S. Global Investors, Inc.
The story of U.S. Global Investors goes back more than 50 years to when it began as an investment club. Today, U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser that focuses on niche markets around the world. Headquartered in San Antonio, Texas, the Company provides money management and other services to U.S. Global Investors Funds and U.S. Global ETFs.
About HIVE Blockchain Technologies, Ltd.
HIVE Blockchain Technologies Ltd. is a growth-oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE owns state-of-the-art green energy-powered data center facilities in Canada, Sweden, and Iceland, which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud. HIVE’s deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of crypto coins.
Etereum reached an all-time high of $3,500 Friday but then backed off some to $3,380. After a few hours, it started climbing again, and as of this moment, it is at
Ethereum USD (ETH-USD)
$3,665.59 + $161.03
Bitcoin has also been climbing and has broken through into the $59,000 range.
Biden responded to rumors of a 4th stimulus bill, stating that he will leave that up to Congress.
?Ethereum reached $3,500 today. The analyst that predicted that in January when it was in the $1,000 range, today said that it could reach $10,000 before the end of the year.
Back in January, when the world's second-largest cryptocurrency by market cap, Ethereum, was trading at just over $1,200, one investor made the bold call of predicting a spike to the mid-$3,000 level, claiming it was being "overlooked" by investors.
Just under five months later, that prediction has already hit with Ethereum (ETH-USD) up roughly 400% on the year to cross the $3,500 mark as of Friday afternoon. Now, that same investor, Megan Kaspar, co-founder of the digital asset investment company Magnetic, is upping her price target to the $8,000 to $10,000 price range by year's end.
Kaspar explained her thesis Friday on Yahoo Finance Live, citing new updates coming to the cryptocurrency's network later this year.
Biden and the Democrats are talking about another stimulus bill.
On March 31 the dollar hit a high and has been falling since then. Now it is plunging. It is on its way to being worthless. Bitcoin, like gold, is NOT connected to the dollar. Bitcoin has been holding its own since the end of March and is now back to the $57,000 range.
More and more commentators are calling Bitcoin a safe haven for protection against a falling, increasingly worthless dollar. Yesterday Bitcoin was again touted as likely reaching one million dollars. It may not, BUT that shows what an increasing number of people believe. Whatever its ultimate price, it will most likely be WELL ABOVE $65,000. HVBTF will follow Bitcoin's price higher.
Copper up 0.11 over the last two days to $4.635. In fact, it has been climbing and climbing all year, and is just getting started. For years it had been held in check at the $3 level. The previous all-time high was 9 years ago at $4.54. We have literally blasted through that, and every commentator that I have found says that we are at the START of a multi multi-year copper bull market.
Electric vehicles use four times as much copper as combustion engines. And wind turbines, forget it. Copper out the ying-yang.
If you click "one year" on our CSFFF chart you will see that our price is going parabolic.
We will probably hit $10 THIS YEAR. Now is the time to load up.
Ethereum hit new high's last week, as well as on Friday and Saturday and hit a new high on Sunday, easily going through the $3,000 level at
Ethereum USD (ETH-USD) $3,033
It has now reached $3,194 + $275 from Friday's close.
Ethereum is now up about 300% on a year-to-date basis versus a 95% rise for bitcoin.
Ethereum’s impressive gains came as the demand for the second most valued cryptocurrency has soared.
CoinMetrics data shows the number of active Ethereum addresses recently surged to a new all-time high of 771,000, surpassing the previous record of 739,000 set in November.
The daily transaction count on Ethereum’s blockchain has increased by 22% to 1.376 million this year, per data provided by Glassnode.
Ethereum’s growth also came as the Ethereum blockchain undergoes the Eth 2.0 upgrade, which will switch the Ethereum blockchain to a proof-of-stake (PoS) consensus from the current proof-of-work (PoW) consensus mechanism.
CoinDesk reported, in a research note Thursday that Ethereum could hit above $10,000 by the end of this year. This could send HVBTF to new highs.
Bitcoin has also been steadily moving up after its recent lows, and it could also be on its way to new highs.
Friday, in the last 5 minutes in heavy trading, HVBTF went from $3.30 to $3.75. Because of the high volume in the final minutes, it took a few minutes for the last trades to come through and its price after the close was $3.81.
HVBTF's profits are strongly tied to Ethereum's price. Ethereum's price has been soaring. It could be that there will be an announcement, possibly even today, of a surge in HVBTF's profits and that might be why HVBTF surged.
The famous oracle of Omaha, Warren Buffet, and his partner, just gave a speech saying that Bitcoin is a scam, but their reasons were ridiculous. It showed that they had no knowledge or concept of Bitcoin. Bitcoin is becoming entrenched in the world's financial system, and it will continue moving higher.
Companies investing in bitcoin as a reserve asset have usually cited value protection as the main reason. Bitcoin will hold its purchasing power against the inevitable debasement of fiat, the argument goes. Since corporate treasury’s priority is ensuring the business has the funds it needs for operations and strategic investment, today as well as in the future, some advocates argue that bitcoin is an ideal treasury asset, even though the volatility is a concern.
Software company MicroStrategy kicked this off last August by putting all of its corporate treasury into bitcoin; the firm has continually added to its holdings, even raising capital to do so. In February, it held an event to educate other companies on the advantages and logistics that was reportedly attended by over 8,000 interested parties. Other firms making bitcoin reserve allocations include Square, Aker and Meitu, and this week South Korean-Japanese video game publisher Nexon revealed a $100 million bitcoin purchase (equal to approximately 2% of its cash and cash equivalents).
And then there’s Tesla. After a public back-and-forth on Twitter between CEO Elon Musk and MicroStrategy CEO Michael Saylor, expectations rose that Tesla would soon join the ranks. The company did not disappoint: in February, it announced a $1.5 billion bitcoin purchase. Its Q1 2021 earnings released this week showed that the company sold approximately 10% of its holdings for $272 million. Musk explained on Twitter that this was to “test the market’s liquidity.”
This was a smart move on many counts. One thing is liquidity on the way in; we can assume the $1.5 billion purchase was executed carefully over the course of a few weeks. Another thing entirely is liquidity on the way out; any corporate treasurer will need to feel comfortable that it can convert reserve assets into working capital at a moment’s notice. Tesla’s move will reassure other companies that liquidity risk need not be a main concern.
And the sale’s contribution of $101 million to the bottom line also sends a powerful message. Liquidating traditional “cash equivalents” generally does not produce much of an impact to net earnings. With this move, Tesla is signaling that here is a “cash equivalent” serving a double function: value preservation and potential profit. With its substantial bitcoin position and crypto advocacy, MicroStrategy transformed its business value proposition from software company to listed bitcoin proxy. Companies don’t have to go that far – with even a modest allocation to bitcoin, they can maintain their core business but put in place a potential buffer when earnings look weak.
Genesis’ loan book saw USD and stablecoin loans more than double over the quarter. Demand for this type of loan is for now fueled mainly by the persistent basis trade opportunity in the bitcoin futures market. Going forward, it’s likely to be powered by a growing understanding of the efficiency of bitcoin as collateral, and the increasing amount of bitcoin ready to be used as collateral.
A lot of this bitcoin will be on corporate balance sheets.
Tesla showed that exiting a sizable BTC position is possible. Genesis showed that a BTC position can raise working capital without creating a taxable event, by acting as collateral for a fiat loan.
This further boosts the case for holding bitcoin as a treasury asset. Initial interest may be driven by concerns about the long-term value of cash and cash equivalents. A further boost is likely to come from the relative ease of raising capital with an asset unpegged to the economic cycle.
What U.S. Federal Reserve Chairman Powell said earlier this week will help. With inflation running persistently below the target average of 2%, Powell acknowledged that inflation will be allowed to run above that level for some time. Indeed, the market’s inflation expectations as indicated by the 10-year breakeven rate broke through 2.4% for the first time in over eight years.
This is an alarming prospect in that it will lower the real value of money even more than the market has become accustomed to expecting. So the prospect of inflation running above 2% for several years is likely to send corporate treasurers scurrying to find ways to protect assets from what MicroStrategy CEO Michael Saylor calls the “melting ice cube” effect. And Powell’s confirmation that quantitative easing will continue for the foreseeable future will underscore fears of fiat debasement.
These trends could end up encouraging even more treasurers to put at least part of their corporate reserves into bitcoin. This will create an even deeper pool of bitcoin ready to be used as collateral.
And this is the deeper takeaway: bitcoin’s potential use as collateral is just getting started.
We’ve already seen significant growth in the crypto-backed lending industry, as exemplified in the Genesis report mentioned above. I don’t have a breakdown of just how much of that collateral is bitcoin, but we can assume that it’s the bulk. The same applies to the soaring use of crypto as collateral in the booming leveraged derivatives market. And, as my colleague Brady Dale reported this week, the total market capitalization of decentralized finance (DeFi) tokens, which represent lending and other financial applications, has broken through $120 billion to reach an all-time high. Wrapped bitcoin, an Ethereum-based token 100% backed by bitcoin that was created to facilitate the cryptocurrency’s use as collateral in DeFi applications, reached an all-time market cap high of $9.5 billion two weeks ago.
But all of this could end up being dwarfed by the use of bitcoin as a collateral asset in bilateral repo transactions. The repo market, in which corporations can use their liquid asset holdings to borrow short-term cash for working capital needs and pledge as collateral “safe” securities such as U.S. Treasurys, was estimated to be around $4.1 trillion at the end of last year, with around $1.3 trillion of that attributable to nonbank and non-securities dealer firms.
Obviously, bitcoin is not going to be nearly as liquid as the Treasury market any time soon. And it will almost certainly always be much more volatile. But for overnight lending to corporations with operations in many different currencies, bitcoin could start to be seen as an intriguing collateral alternative, one that also has the potential to boost earnings when necessary. And lenders could be drawn in by the easy-to-transfer bearer asset nature of the collateral, not to mention the superior yield. Furthermore, there’s the upside of holding an asset that will not be debased by a growing monetary supply and a climbing inflation rate.
The market infrastructure for this is already being built by the crypto industry’s main lending services. We could even see decentralized lending services start to offer repo-like facilities. Banks, traditionally key participants in repo markets, are already getting more involved with crypto assets. And regulators could find the transparency of blockchain-based collateral to be a refreshing change from the opaque and convoluted webs of ownership endemic to the market today.
Crypto assets do bring a different type of risk to a fragile equation, however, and the concept of bitcoin as collateral has many hurdles to overcome before it can make a meaningful difference in today’s financial ecosystem. But change is already underway in so many aspects of market plumbing, and signs are pointing to a broader financial role for bitcoin than as “just” an asset on a balance sheet.
BTC-USD $58,668.16 + $1,689.59 (+2.9655%)
Bitcoin USD - Yahoo Finance
HVBTF could be on its way to new highs.
I wasn't able to find out if they are on the grey sheet. So far everything I've found just says that they are on the OTC, but that can include the grey and pink sheets.
Many major corporations started on the pink sheets and decided to stay there. The grey sheets are usually for stocks that don't meet even the requirements for being on the pink sheets, and so people stay away from them, but legitimate organizations are also on the grey sheets. To be listed on the major OTC your stock has to be over $1 and we will soon be there:
May Day 2021
Vangold Mining Corporation
VGLDF $0.4850 + $0.0150
May Day 2020 $0.06 very light volume
16 November 2020 VGLDF $0.18 on light volume (Price TRIPLED)
14 Dec 2020 - 8 Feb 2021 VGLDF $0.22 on light volume
After 8 Feb VGLDF took off on increasing volume, now averaging 250,000 shares a day
Tuesday it hit 0.58 on a volume of 1.6 million shares
On Wed and Fri day it hit .50 to .52
VGLDF has been steadily climbing since February
To get on the NASDAQ, the stock has to be over $3, and we could reach that even this year.
I'll be buying more shares Monday. I started buying at .22 in February and have been buying more over time as they have advanced their company.
Over time I've accumulated 105,000 at an average price of .31
VGLDF's price will most likely be double that by the end of the month, and then double that, or more, by the end of the year.
Good luck, and congratulations to everyone here that have been buying shares.
That says it all: Fake short report.
"The short report claims ( from memory ) that VW had access to little more than slides featuring QS's batteries .
VW stated with the recent $100m investment
Quote:
"We are pleased to report that the QuantumScape cells met the technical milestones in our labs in Germany that we had previously agreed upon," said Frank Blome, head of the Volkswagen Group’s Center of Excellence Battery Cell."
Analogies enlighten complicated scenarios
Last Tuesday President Biden got off the helicopter in front of the White House carrying a baby piglet under each arm.
The Marine guard snapped to attention and saluted, “Nice Pigs…………Sir”.
The President replied, “These are not pigs. These are authentic Arkansas razorback hogs. I got one for Vice President Harris and I got one for Speaker Pelosi”.
The Marine guard again snapped to attention, saluted, and said, “Excellent trade…………….Sir”.
I think that we will be having good trading today.
We will get our permission to build Pebble. Biden and his staff are desperate to find sources for the rare earth metals that are needed -- required, for them to implement their go green plans
Over the last hour, bitcoin has started another parabolic up move and has reached new, much higher, all-time highs, even compared to yesterday's huge all-time high
Bitcoin USD (BTC-USD)
$64,863.10 + $2,267.61
We are approaching nose bleed heights
Ethereum has also reached a new all-time high
Ethereum USD (ETH-USD)
$2,396.64 + $184.84
Today could be a good day for HVBTF, especially if Bitcoin and Ethereum continue climbing
I've noticed in the past that sometimes bitcoin goes up in price, but HVBTF drops. Especially when HVBTF has been struggling, like now. But if bitcoin holds its gains, then the next day, HVBTF takes off.
Bitcoin/Ethereum are holding their own, and even advancing
Tomorrow may be a good day
Also:
In a news release dated April 7, 2021, cryptocurrency miner Hive Blockchain Technologies (TSXV:HIVE) (HVBTF) revealed that its coin inventory value increase by 300% in just three short months.
With its added mining capacity Hive Blockchain Technologies added13,194 Ethereum coins to its inventory, bringing the total to 20,030 Ethereum coins
Added 182 Bitcoins for a total of 320 Bitcoins
It added 13,194 E coins x $2,296 = $30,293,424 (Today's prices)
182 B coins x $63,474 = $11,552,268
Within the next few months, Hive Blockchain will increase its coin mining machine capacity even further
% wise, Ethereum has been increasing faster than Bitcoin, this is a positive.
There is also this to consider:
Bitcoin to $400k? Outlook from Fin Leader Drives Crypto Stocks (RIOT, HVBTF, AXXA, MARA) - BioPharmaJournal
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I just looked bitcoin is at a new high
Bitcoin $63,716.12
Ethereum is also at a new high
Ethereum $2,343.55
If Bitcoin approaches $400,000, it will also greatly increase the interest in Ethereum, which will also greatly increase in value
The following days, weeks, and especially months, will be interesting
It should drive up the price of HVBTF
Nice to see we are out of BS
Bitcoin is staying in the $63,000 area. If it stays up, tomorrow we may see HVBTF start to climb.
The Shadow knows
Bitcoin has blasted to a new high. Over $1,000 above its previous high
Bitcoin USD (BTC-USD)
$62,914.90+2,474.65 (+4.09%)
Ethereum has blasted past its previous all time high
Ethereum USD (ETH-USD)
$2,228.766+72.5107 (+3.3628%)
High ho, high ho, it's off to the heights we go!
Also, they are GIANT tanks, 40,000 gallons?, whatever. The edges are just a tiny fraction of the water circulating AND the strong circulation will ensure that there is no settling or accumulation of debris.