Short term, if the company can get to a 'cashflow neutral' then 'cashflow positive' balance sheet, this should decouple the share price from the BTC / SOL pegging we continually see. The company has said this before. Revenue is key here, and cutting costs. I don't think they are that far off.
Staking SOL at circa 11% certainly helps, and I assume the company are looking for more opportunities to get their hands on more SOL to do exactly this. Now imagine SOL tripling in market cap, means the 11% income from staking is a lot higher too. Coupled with a BTC price say doubling or tripling in the short term too (assuming we are still in a bull market for the next 3-6 months) then I see the share price being multiples of this, easily, and as I said, de-coupling from the current BTC / SOL pegging.
Add to this what Kyriaco said, about FUM increasing (perhaps a large super fund or the like stepping in?) and this would also increase overall revenue assisting in decoupling...
Hard to say what it would be in 3 years though... that is pretty far away.
Just my opinion. GLTA.
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Last
7.1¢ |
Change
-0.002(2.74%) |
Mkt cap ! $85.45M |
Open | High | Low | Value | Volume |
7.3¢ | 7.3¢ | 6.9¢ | $262.4K | 3.706M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 133029 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.1¢ | 10385 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 133029 | 0.070 |
2 | 154927 | 0.069 |
6 | 152102 | 0.068 |
2 | 20000 | 0.067 |
3 | 211515 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.071 | 10385 | 1 |
0.072 | 30000 | 1 |
0.074 | 439633 | 2 |
0.075 | 201115 | 1 |
0.077 | 213500 | 3 |
Last trade - 16.11pm 25/06/2025 (20 minute delay) ? |
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DCC (ASX) Chart |