Hi all,
Some of you might have noticed the hugely increased activity on BTCS quity:
https://finance.yahoo.com/quote/BTCS?p=BTCS
https://www.otcmarkets.com/stock/BTCS/quote
The daily traded volume has gone through the roof over the past few days (pretty much since the day after DCC's AGM!), and the price has rallied massively from about 8 cents to 12 cents as of time of writing this post.
One thing I would point out is not to confuse BTCS with BTSC stock (which is traded on the same OTC exchange:
https://finance.yahoo.com/quote/BTSC/ ),
Few things I have noted since taking interest:
(i) BTSC (not BTCS, which BGL want to merge with!) has a market cap of over 270 million USD, and they are absolutely inferior to DCC! I have just noticed how the US is a powerful market. BTSC SP has gone through the roof over the past few weeks: seemingly ONLY because it has "bitcoin" in its name and because it offers "bitcoin escrow services". Can you imagine the potential if DCC was double-listed or if it could tap the US market? Insane upside!
(ii) BTCS (the company that BGL do want to merge with) has been a troubled company, and is basically worthless (that's why I assume BGL want to realize the merger: cheap "reverse-takeover" for them). I don't think the US market has much clue about BGL, and when the merger terms become public, I expect BTCS to absolutely fly, similarly to how BTSC has flown, once the market learn what BGL is all about!
(and yes, I opened a new broker account recently just to be able to purchase BTCS: it has been an incredible pain the a**, since to trade OTC stocks is not easy, but I am now in and anxiously waiting to "double cash" on BGL
,
Best regards,
J.
(20min delay)