Interesting times in the market.
ICN is tanking again due to the current crypto crash. However ICN is tanking more than the market (P/B down to 0.5)...
They still hold around 10 million $ in cash (
https://icnhodler.com/book-value). CCP has around 1M in euro as well.
What should they do?
- Use the cash to buy BTC, ETH or ICN?
- Use the cash and their other cryptos (BTC, ETH...) to buy more ICN tokens (currently undervalued)?
- Wait to see how this all plays out?
Imo they should be buying stuff with their cash. Current market is a buy opportunity.