The company has sat on its 431 BTC holding that was a part of the deal the Blockchain Global to save it from going under in 2016.
Since then they rode the bull run at the end of 2017 where the share price went from 2.2cents to 40cents+ as their blockchain advisory took off. The earnings generated in the vicinity of $8mill on the quarter however that was on the back of being paid in crypto - particularly POWR which went from 8 cents (their payment) to almost $2 if I recall. Credit where its due as the crypto payment multiplied over a couple of months but ever since then I am not sure what developments in the crypto space have occurred.
From a shareholder perspective, unsure what revenue they are bringing in.
Would be quite disappointing if there have been no new developments given the huge bitcoin rally over the past months.
The Bitcoin fund results will be interesting.
DCC Price at posting:
7.0¢ Sentiment: Hold Disclosure: Not Held
