I can't help but feel nervous about the money poured into blockchain. At the moment the company can have all these investments fail and still be fine.
We have:
Strategic investments in a sector in a strong bear market.
Management likely to continue blockchain investments.
Good balance sheet and cash flows but in a volatile mobile gaming sector.
I hope they don't over extend into blockchain. Although if it pays off, I will shut the f* up and take the money. I like that they are pouring money in a strong bear market though.
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