Not to mention the capital gains tax they would incur for selling those 3 bitcoin. They would have held these btc since such a low base, not sure what, but likely in the hundreds of dollars as a purchase price rather than the multiple of thousands btc is worth now. CGT would be significantly more than the gains they are getting by selling and then holding a few eth at 4.5% interest. Would have been better if they said they bought eth with cash holdings rather than selling to buy, but oh yeah, running out of cash as they don''t make any profit either...
Actually feels rather like this lifestyle company is just sitting on their ass waiting for the price of bitcoin to explode instead of actually making money through smart conceptual design of anything. Gone are the good old ICO days where this company would make hand over fist on working to list ICOs.
DCC Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
