Invests in publicly traded companies primarily focused on the digital asset sector, referred to as "Crypto Industry Companies." Now — the numbers.
That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.
The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.
Average growth of 21% a year over the last 4 years. Red columns mark years that ended in a loss.
At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.
angles, checked one by one.
The 3 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
The stock trades 50% below its peak. The market has trimmed its expectations for the company.
Over the last 4 years, sales grew about 21% a year on average.
Sales run at $358.3M a year. A small number, but proof the product has real buyers.
There is $258.1M in the vault; even if every debt were paid off, $258.1M would remain.
A loss of $13.7M against $358.3M in annual sales.
This stock swings about 3.1 times as much as the market average. Big rallies — and big drops — can both happen fast.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.