If bitcoin goes to $200,000 ( and we are a quarter of the way there almost ) then the asset value of the DCC bitcoin holdings would go to - $50,200,000. This is higher than the current market cap and shows the potential value of this stock even if management can’t get its act together. Michael Saylor - CEO of Microstrategy - who purchased $70,000 bitcoin last year and whose company stock recently rose from $USD700 to $USD 1,200 on the back of the bitcoin rise is running conferences for American CEOs to buy the coin for their balance sheets. Just imagine the ripple affect of these CEOs fortifying their balance sheets with bitcoin. He is the one who threw out the challenge to Elon Musk to buy the digital currency and said he would show him the playbook. Lastly their is a reasonable percentage of venture capitalists (according to Simply Wall Street data ) who are holding this stock and just waiting.
If bitcoin goes to $200,000 ( and we are a quarter of the way...
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Last
5.6¢ |
Change
0.010(21.7%) |
Mkt cap ! $48.51M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.7¢ | 4.8¢ | $257.3K | 4.825M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 65116 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
5.6¢ |
Change
0.010 ( 19.2 %) |
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| Open | High | Low | Volume | ||
| 4.8¢ | 5.7¢ | 4.8¢ | 1151169 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| DCC (ASX) Chart |