First I wanna say here is that the Beat The Denominator is the best Youtube channel providing information about these bitcoin proxies.
Are you sure about that? I think that if someone buys at that price it will be institutional investors who will have already agreed to buy at that price for the launch. I doubt that the general public is going to have that opportunity and even less seeing how CEP stock has behaved recently, of which XXI will be a merge.
You talk about this yourself but it doesn't quite square that the stock is going up pre-merge with there not going to be premium on NAV at launch, especially for the general public.
I would not take this for granted, it seems to me more marketing than anything else and in this sense I would recommend watching Beat The Denominator's video about it.
MSTR vs. XXI (CEP): Is XXI Really Better than MSTR?
Initially, the corporate valuation would be pegged at the treasury valuation. This represent a solid discount if compared to Strategy, which trades at 2x the value.
Are you sure about that? I think that if someone buys at that price it will be institutional investors who will have already agreed to buy at that price for the launch. I doubt that the general public is going to have that opportunity and even less seeing how CEP stock has behaved recently, of which XXI will be a merge.
You talk about this yourself but it doesn't quite square that the stock is going up pre-merge with there not going to be premium on NAV at launch, especially for the general public.
21 Capital will have some advantage over Strategy:
I would not take this for granted, it seems to me more marketing than anything else and in this sense I would recommend watching Beat The Denominator's video about it.
MSTR vs. XXI (CEP): Is XXI Really Better than MSTR?