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Re: llcoolm11 post# 4606

Tuesday, 05/11/2021 3:25:44 PM

Tuesday, May 11, 2021 3:25:44 PM

Post# of 5862
It has nothing to do with adoption. Why would adoption increase its share price? It is based on it's current $2.6 billion market cap. Based on 1,175 bitcoins which the company holds https://www.coingecko.com/en/public-companies-bitcoin and assuming they mine 200 BTC more a month till the end of the year. 1175 + (7x200) = 2,575 BTC by end of year. 2,575 x $300,000 (your high estimate of BTC price) = $772,500,000. 772,500,000/84,100,000 (current outstanding shares) = $9.18 per share value. So at its current market cap of $2.6 billion, BTC will need to be $900k. They will also need to dilute shares to upkeep rigs and daily expenses without selling any BTC. It really comes down to the market cap. Good luck!
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