Sunday, January 02, 2022 11:34:56 AM
That's an oversimplification. You make it sound like it's all crypto appreciation. You forget that they're also now in the crypto mining business. From their 2FQ22 10-Q
The company also realizes interest income in its investment in HEX which would be collected in crypto. From their 06/07/21 PR...
EVERYTHING BLOCKCHAIN ANNOUNCES REVENUE AND EARNINGS FOR MAY, 2021
Moreover, as of the last 10-Q, the company had realized $11.6 million in revenue thru October 31, with two months (possibly 3 if you count January) to go to reach their $14 million target with $6.5 million in YTD profit. Of that $11.6 million, $2.2 million is revenue from services (which also is probably paid to them in crypto). In other words, when they realize gains from the sale of crypto, it's not simply selling off finite assets. It's a replenishable resource.
Les
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