Exxe Group Inc (OTCMKTS:AXXA) has exploded higher in 2021 as the company lines up new catalysts and starts to squeeze the shorts that have been camping out in the name. The action takes it above its major MA's and lines up a potential range breakout to new multi-year highs.
The company is diversified well beyond just bitcoin, but it has strong exposure here and is also a prime candidate for a short squeeze given the massive amount of shorting going on in the name over recent weeks according to OTCShortReport.com.
The company frames itself as a diversified corporation focusing on acquisitions in the following sectors: real estate, sustainable and digital technology, media, agribusiness, and financial services. Exxe Group is an acquisition-driven company. The Company strategy is to acquire controlling equity interests in undervalued companies and undertake an active role in improving their performance - accelerating their growth by providing both access to capital and management expertise.
Exxe Group Inc (OTCMKTS:AXXA) recently released a corporate update on its revamped UK-based currency exchange services operations. According to the release, AXXA is targeting first year revenue generation from 1Myle in excess of $15 million.
1Myle buys and sells alt currencies, including Bitcoin, taking advantage of price differentials. One of 1Myle's key advantages in the marketplace is its proprietary software which hedges currency fluctuations and books gains in fiat. The hedging operation allows the Company to continually profit irrespective of price movements or direction. As a result, corporate parent AXXA continually increases its net Bitcoin asset bases via 1Myle without needing to commit additional fiat currency.
Eduard Nazmiev, Ph.D., CEO and President of Exxe Group commented: "AXXA has been focused on building and acquiring financial technologies for several years. Our ability to launch new btc fiat exchange services comes at a time when interest in Bitcoin and non-fiat assets are growing around the world. 1Myle is the crystallization of an effort that will see a massive expansion of AXXA's capabilities and revenue generation capabilities."
Exxe Group Inc (OTCMKTS:AXXA) pulled in sales of $8.2M in its last reported quarterly financials, representing top line growth of 211.3%. That growth stands out given the attack over recent weeks by exposed shorts. Given its strong exposure to the Bitcoin theme, further gains in the cryptocurrency could help spark a full-on squeeze in shares.
The company is diversified well beyond just bitcoin, but it has strong exposure here and is also a prime candidate for a short squeeze given the massive amount of shorting going on in the name over recent weeks according to OTCShortReport.com.
The company frames itself as a diversified corporation focusing on acquisitions in the following sectors: real estate, sustainable and digital technology, media, agribusiness, and financial services. Exxe Group is an acquisition-driven company. The Company strategy is to acquire controlling equity interests in undervalued companies and undertake an active role in improving their performance - accelerating their growth by providing both access to capital and management expertise.
Exxe Group Inc (OTCMKTS:AXXA) recently released a corporate update on its revamped UK-based currency exchange services operations. According to the release, AXXA is targeting first year revenue generation from 1Myle in excess of $15 million.
1Myle buys and sells alt currencies, including Bitcoin, taking advantage of price differentials. One of 1Myle's key advantages in the marketplace is its proprietary software which hedges currency fluctuations and books gains in fiat. The hedging operation allows the Company to continually profit irrespective of price movements or direction. As a result, corporate parent AXXA continually increases its net Bitcoin asset bases via 1Myle without needing to commit additional fiat currency.
Eduard Nazmiev, Ph.D., CEO and President of Exxe Group commented: "AXXA has been focused on building and acquiring financial technologies for several years. Our ability to launch new btc fiat exchange services comes at a time when interest in Bitcoin and non-fiat assets are growing around the world. 1Myle is the crystallization of an effort that will see a massive expansion of AXXA's capabilities and revenue generation capabilities."
Exxe Group Inc (OTCMKTS:AXXA) pulled in sales of $8.2M in its last reported quarterly financials, representing top line growth of 211.3%. That growth stands out given the attack over recent weeks by exposed shorts. Given its strong exposure to the Bitcoin theme, further gains in the cryptocurrency could help spark a full-on squeeze in shares.