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Started By
Message
re: Voyager - VYGVF Due Diligence
Posted on 10/15/21 at 11:05 pm to SkinnyTestaverde
Posted on 10/15/21 at 11:05 pm to SkinnyTestaverde
quote:
It’s completely detached from reality. Their assets are 3x their market cap lmao. 50 and 30% margins in the last two quarters and they hold 12k Bitcoin as a company. 4th behind micro strategy, square, and galaxy digital.
Voyager the company doesn't own the BTC, their users do and it's under their management, correct? Seems a bit misleading to frame it this way. Neither of those links you provided confirms that they as a company are holding 12K in BTC unless I am missing something.
1
Posted on 10/16/21 at 5:04 am to playmakers in space
quote:
Neither of those links you provided confirms that they as a company are holding 12K in BTC unless I am missing something.
Exactly. 3 of "their" 12,000 BTC are mine.
I love their interest but considering moving 2/3rds of my BTC to somewhere else to disperse the liability a bit.
My major concern is what happens in December when they announce that they may cut $BTC interest rates (as the model isn't working beyond initial acquisition) and their is a potential "run" on everyone wanting to move off the platform but keep their currency - do they really hold enough coins for all the ones that they have been selling?
This post was edited on 10/16/21 at 5:06 am
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