1/ The April 14th @coinbase direct listing could ignite the next phase of the 2021 #Bitcoin bull run.
2/ Coinbase is set to float about 115M shares. A little less than half the total shares outstanding.
nasdaq.com/articles/coinb…
nasdaq.com/articles/coinb…
3/ The pre direct listing price per share is currently trading on @FTX_Official. It's just shy of $500 a share.
This would be a $125B valuation. $57.5B of which will be publicly traded on the day of the direct listing.
This would be a $125B valuation. $57.5B of which will be publicly traded on the day of the direct listing.
4/ In addition, since this is a direct listing, the only shares being floated to public markets are existing shares held by employees and investors.
forbes.com/advisor/invest…
forbes.com/advisor/invest…
5/ If you're an early employee or investor waiting to diversify out of a large stake in @coinbase equity, where are you going to put your money?
6/ I expect a lot of this capital to flow back into #Bitcoin and other bitcoin related start ups.
In addition, the hype and legitimacy this brings to the space is underestimated.
It proves that the exit opportunities for start ups in the space are massive. VCs = 🤤🤤🤤
In addition, the hype and legitimacy this brings to the space is underestimated.
It proves that the exit opportunities for start ups in the space are massive. VCs = 🤤🤤🤤
7/ It's looking more and more likely that March and especially the second half of March could bring phenomenal returns for #Bitcoin.
APRIL *
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