Bitcoin Generation Inc. (BTGN)

[aclarke1]

Respectfully, I think there is some confusion between market value and book value. I spoke to book value. If a buyer gives a seller x amount for an asset you hold then that price, the amount recorded on the balance sheet, is the book value. What I calculated was the price of $5.85 paid for the Bitcoins by the bond seller. Given the company has 18.8 million of these coins remaining on its balance sheet presumably, then it stands to reason that those remaining coins have a have a book value of $110.5 million. The BTA coins sold for $.02121 cents approximately of which the company has 4.1 billion remaining on its possession, which would yield a value of $87 million. You are quite right that one trade does not establish market value, but given the exuberance we have seen in this space I would not be surprised if the market value does not equal or exceed book once the name change and new ticker goes into effect.