That's kinda the way I saw it too. Not a very good decision IMO. Why would you decide to hang your company's fate on something you have absolutely zero control of (up or down) and trades 24/7 globally? At least with MSTR, they're balls deep tied to BTC good or bad. But what do I know? I'm just a caveman.
According to the press release they used 90% of their excess cash to purchase the BTC. What do you think would have been a better use of the cash? They could have purchased treasury bonds that pay % 4.59, bought back their own stock or paid a dividend to the shareholders. None of those three other options would increase the companies valuation over time. Letting 21M sit in the bank while the Fed is increasing the money supply is a losing proposition. It would appear that they have a very strong opinion that BTC will appreciate more than anything else they could purchase with their excess capital. If they buy another 800 BTC they might qualify to be included in one of the new ETF's like the newly announced Bitwise fund.
Like I said, I'm just a caveman... maybe an old caveman that's too conservative. But as someone who has worked for & currently own a small business, I probably wouldn't hang that much risk on something I had worked decades for and had families depending on. But that's what's great about capitalism, to the victor go the spoils. I hope it work out great for everyone. And maybe I'm just a little jaded that I didn't buy it back when I started following it when it was $0.22 lol
I get it. I've been self employed for most of my life and have worked hard and made many sacrifices to fund my retirement account. I'd never heard of this stock until they announced their plan to purchase BTC. I don't own any KULR's stock but I am a BTC investor.
I too am looking at that field. Do you have any stocks or funds that you are looking at?
Nothing beyond the hyped up names so far.
Currently own QBTS. Bought it at $3.02, and it's been on a good run. Thankfully, I made my money back from a poor investment in KRBN.
I was thinking about LODE this morning while distributing my KULR profits. Decided against it and bought BTC, OXSQ, VOO and took a little bet on APLD. I try to balance my portfolio with 50% steady, 25% dividend stock and 25% gamble.
RGTI
