Thread by @otisa502

1/9 "@CelsiusNetwork is already worth several billion dollars. Why? Just our CEL token is worth over $1 billion. You can do the math yourself. @CelsiusNetwork has $800 million — I’m not talking about the $100 million in cash; just in CEL token, @CelsiusNetwork has over

2/9 “$300 million CEL tokens. Take your calculator, 325,000,000X$2.20 — I think it’s trading at that range — what is that? That’s over $700 million. On top of that, on top of that, the market cap of the tokens that are in circulation, the tokens

3/9 “that all of you guys hold, is worth over $1 billion; it’s just that @CoinMarketCap does not count it. So go to @coinpaprika, go to some other sites, and you’ll see that they have the right count and it’s over $1 billion. And that’s not the equity, that is just the tokens.

4/9 “So how much is the equity of the company? Well, the math on that has to do with multiples. So if you go to @MicroStrategy and say, @MicroStrategy, how much did you earn last year and what is your valuation? You will see that they are trading at

5/9 “about a 20 multiple, meaning whatever they earn times 20 is the market cap of the company. If you take whatever we earn, the profit — and you want @CelsiusNetwork to be profitable, if we are profitable, we can catch bad things when they happen, we can

6/9 “continue developing the product, we can do all the things — we can give more to our workers, to make sure that they are focused and dedicated and helping you 24/7. So if you take that income, the profitability, times 20, that is probably worth more than @coinbase.

7/9 “Yes, it’s worth more than @coinbase, because @coinbase is not making that much money. I’m sure somebody is going to leak that out and everybody is going to be like, what is Alex talking about? Simple math, simple math. So when people tell me how we are

8/9 “trading at a discount to @BlockFi... @Blockfi raised their last round at, I think, a $400 million valuation. Just our CEL tokens in treasury, just the cash we have in treasury, is worth twice as much. Not the company, just the cash we have, the pile of

9/9 “cash that @CelsiusNetwork has, is worth twice as much as @BlockFi, just to put things in perspective.” — Alex Mashinsky via Fri, Dec 11, 2020 AMA

BY: Otis
@Mashinsky
@CelsiusNetwork
#CelsiusAMA