Ok, so I thought people were joking when they said that DCC would liftoff when the market cap was exceeded by the value of its holdings.
Couldn't happen, I thought.
But seems to me, its close.
Calcs I'm using:
DCC BTC holdings (between fund and direct) 431 BTC: 33.4M AUD DCC Cash/equivalents: say 11M? To be conservative? (Calc: 3.5M last report, plus cap raising of 8.8M, minus 1.3M for burn) Gold and equity: dunno what the holdings are for this - but say $1M, for a placeholder figure (has anyone got these details?)
Total: 45.4M. Market cap: 47.9M
What am I missing...?!
431Bitcoinequals
33,421,530.63
DCC Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
