While the company hasn’t specifically stated that they are pushing for an IPO (they say both public and private market fundraising is on the table), we can’t help but predict one is on the way…
As The Street seems to continually underestimate the company’s revenues, we felt it was important to provide a resource to those who want to come up with their own conclusions.
The firm claims that the trading price of Microstrategy’s stock implies a valuation of the bitcoin it holds at over $177,000 – more than 2x the current price of BTC.
While Galaxy shares are up more than 200% over the last year, its obvious to anyone paying attention to the stock that the company isn’t getting the same love from retail as companies like Coinbase (COIN) or Microstrategy (MSTR).
Monad Labs, an Ethereum competitor, is reportedly in talks to raise more than $200 million at a $3 billion valuation.
The news sent The Open Network’s Toncoin (TON) price skyrocketing more than 60%.
The notes, which mature in 2030, will be convertible into cash, A-shares of the company’s stock, or a combination.
