Bitcoin is very important to Animoca why ? It holds Bitcoin and...

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Dezalicious

11 Posts.

05/12/23

17:02

Post #: 71285170
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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 is very important to Animoca why ?
It holds Bitcoin and ethereum and when these two digital assets rise it lifts all of their reserve tokens and nfts.
The spot Bitcoin ETF next year will also be a positive for future investments in ab1 and the Bitcoin halving.
I personally think this is the low and will only
improve from here. Anyone know exactly how many Bitcoins and ether ab1 hold ?

AB1 Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

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Bitcoin is very important to Animoca why ? It holds Bitcoin and...

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