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Bitcoin price at this moment:USD$56,606.00

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hercules007

4,526 Posts.

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27/02/24

20:35

Post #: 72629078
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Originally posted by hercules007: ↑

Bitcoin price is above USD$41700 at the moment. The momentum is very strong and it could take out USD$45k short term before correction/consolidation sets in.

We know Animoca Brands holds BTC in its asset mix.

I can think of two positives:
Animoca's BTC holdings will improve its balance sheet;
Market sentiment toward Animoca is likely to improve.

Remember that NEOM deal which committed $25m toward buying Animoca shares on secondary market? Haven't heard a peep about it since but maybe they are quietly talking to large sized holders privately? Primary Markets 7% total fee is obviously tooooo much for an institution like that so I don't expect them to come to PrimaryMarkets to buy up. (Animoca Brands and NEOM announce strategic partnership and investment to drive regional Web3 development).

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Bitcoin price at this moment:
USD$56,606.00

Last edited by hercules007: 27/02/24

AB1 Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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