Extremely undervalued BTC/Bitcoin/Crypto Play!!
BTCW.C is one of the few remaining crypto/Bitcoin plays that hasn't yet attracted investor interest and is trading near recent lows. Very strong fundamentals and exceptional growth!
- $43M mkt cap
- $41.7M Q2 2021 revenue (405% growth!)
- $9.5M in cash
- Recognized as One of Canada’s Top Growing Companies in the Globe and Mail’s Third-Annual Business Ranking
Forming a bullish biased Falling Wedge on the daily chart. Accumulation trend (bullish divergence). Only a matter of time before it breaks out, IMO.
- $43M mkt cap
- $41.7M Q2 2021 revenue (405% growth!)
- $9.5M in cash
- Recognized as One of Canada’s Top Growing Companies in the Globe and Mail’s Third-Annual Business Ranking
Forming a bullish biased Falling Wedge on the daily chart. Accumulation trend (bullish divergence). Only a matter of time before it breaks out, IMO.
Comment:
Based on a conservative 4x yearly revenue multiple, it should be trading north of $1. Taking crypto sector average into account, it's even more undervalued! The best part is the company makes profit regardless of how Bitcoin is trading.
Comment:
Bitcoin Well Announces New OTC Offices in Montreal and Winnipeg and Achieves Milestone of Operating 200 Canadian ATMs, Which Was Realized Ahead of Internal Forecasts
www.globenewswire.co...ernal-Forecasts.html
www.globenewswire.co...ernal-Forecasts.html