Obviously Bitcoin is too small a universe to have had a similar company yet. But I am reminded of South African gold mining companies in the 1970s, where companies would rapidly and regularly pay out dividends bigger than their IPO.

Or, maybe it reminds me of dot com companies around 2000. Not that those companies didn't have great ideas that would play out in the long run, just that they were all horrendously overvalued and awash with competition (ex. Cisco and Amazon, which both crashed ~90% and took a decade to recover).

This venture is indeed the most successful, but is it worth 1.6 million bitcoins?