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40 sats \ 3 replies \ @ThunderFunder OP 11 Jan \ parent \ on: Orange Pill App: Stack Friends, Stack Equity! bitcoin

I appreciate your input. Event ticketing is exciting but for some reason I'm more excited about the upcoming LN wallet integration.

It's worth noting that OPA has almost 4 BTC in their treasury reserves, which if you're bullish about the trajectory of the bitcoin price over the next decade, should factor substantially into the valuation calculation.

0 sats \ 2 replies \ @grayruby 11 Jan

I am bullish the Bitcoin price over the next decade but if I think the operating business is worth 2M then I am paying 8M for 4BTC when I can buy 4BTC in the open market for lets say 400k to make it easy.

I do think it is a good point that holding the Bitcoin and growing that treasury does de-risk the valuation a bit because if one believes the company can stack more Bitcoin over the next decade and those Bitcoin could potentially be worth 10M on their own.

I don't think that is the main reason to invest in a company but it is a nice little insurance policy if you are bullish bitcoin.

40 sats \ 1 reply \ @ThunderFunder OP 11 Jan

I don't think that is the main reason to invest in a company

I fully agree... unless that company is MSTR apparently, haha.

Thank you for sharing your thoughts!

0 sats \ 0 replies \ @grayruby 11 Jan

Apparently. Their premium to NAV seems to be coming back down to earth a bit. I don't know what people were thinking. Buying paper proxies of Bitcoin at 3x the actual Bitcoin.