Bitcoin price is above USD$41700 at the moment. The momentum is very strong and it could take out USD$45k short term before correction/consolidation sets in.
We know Animoca Brands holds BTC in its asset mix.
I can think of two positives: Animoca's BTC holdings will improve its balance sheet; Market sentiment toward Animoca is likely to improve.
Remember that NEOM deal which committed $25m toward buying Animoca shares on secondary market? Haven't heard a peep about it since but maybe they are quietly talking to large sized holders privately? Primary Markets 7% total fee is obviously tooooo much for an institution like that so I don't expect them to come to PrimaryMarkets to buy up. (Animoca Brands and NEOM announce strategic partnership and investment to drive regional Web3 development).
AB1 Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
