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Ether Capital Corporation (ETHC.NE)

NEO - NEO Real Time Price. Currency in CAD
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2.3600-0.1500 (-5.98%)
At close: 03:59PM EDT
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  • R
    Rana
    is the wyre sale going to net these guys 40m? any ideas?
  • M
    Mos
    I don't think people understand what this stock is. It's NOT an Ethereum mining stock! They have ETH holdings, but also invest in DeFi, have a stake in MakerDAO, and a stake in WYRE. If you're buying into this thinking it's simply a mining stock, you haven't done your DD. The management team is top notch. They have a clear investment thesis and are making very good plays in the crypto space. This has A LOT of potential. I'm LONG. Have been long for 2 years on it.
  • S
    Soopa
    I have BTC and ETH Funds/ETFs,.. as well as several US and Canadian Miners...
    ... And this is the only other blockchain / crypto related stock I've bought in recent months.

    A very basic portfolio (check their website)... Which makes it very easy to understand... That this company was dramatically Undervalued!
    especially TRADING BELOW the basic net asset value of crypto holdings per share! (As it is, or was at least, prior to the offering...)

    Aside from the inevitable appreciation of their ether holdings (happening real time and heading towards new ADT as I write this ;)
    ...Their holding/investments within the crypto- infrastructures of Maker and Wyre have already turned Profitable and will continue to do so....
    And somehow they are involved with the launch of the purpose Bitcoin Etf, which is doing very well.

    The recent drop was precipitated by the announced offering, which is at $3.35 per unit by the way, ... But of course ETHC was also buffeted by the red stock market/BTC wave which started a few weeks back...

    The offering is certainly dilution, but it is good growth investment in this case, in my opinion.

    Next time I have some +ve maintenance excess, I will likely grab some more at these prices..(though of course this will likely open much higher on monday, oh well)
  • S
    Stuart
    Actually I think the increase in volume is due to Blonity on YouTube. I'd give you the link, but then Yahoo would just delete my post. Blonity does a video every day on the bitcoin mining stocks. He's really good and presents a lot of research. A few days ago he said he was going to take a small position here, and you see every day as a sliver in the pie chart of his holdings, and he'll mention Ether Capital Corporation (DTSRF) from time to time. I really recommend checking him out.
    Bullish
  • S
    Scott
    Let’s hope the new CTO is quickly able to improve the utilization of the company owned Ether through staking, smart contracts, Web 3.0, etc. The sooner the company starts to generate a return on its capital the sooner institutions start looking at this as investment. Right now the company creates an additional layer of risk on the Ether with no return for that risk.
  • J
    John
    Earnings are out.
    "As at November 10, 2021, the gross value of the assets of the Company, consisting of Ether, MKR tokens and UNI tokens valued as at November 10, 2021 as well as the Company's Wyre investment valued as at September 30, 2021, amounted to $263.5 million. On a per basic common share basis, this represents $7.80 of gross asset value per basic common share.
    ...
    "We had a solid and productive third quarter on a number of fronts. Positive market sentiment in the digital assets space led to strong revenue, which grew over 23% quarter-over-quarter. We are currently very well positioned to exceed this growth rate in the fourth quarter. Based on current market data, Ether Capital’s run-rate annual revenue is over $2 million, which is above our current run rate of operating expenses. We have also made significant progress in our ability to participate in Ethereum staking with a meaningful portion of our Ether balance. We look forward to updating the market on this development in particular in the coming weeks," continued Mr. Mosoff.
  • B
    BOB
    Am I missing something here? Corp website shows 43,512 ether. NAV right now is 5.27 /share for just ether, not including MakerDao holdings or Troy exchange investment. This company has great promise by the numbers alone!
    Bullish
  • A
    AHuskies78
    This math on this company is simple it’s pretty much laid out on slide 14, ETH of 43,500, plus Wyre and Maker for free - company values other assets at $20mn - company should be valued at over $200mn current being valued at $172mn, ether assets alone worth $180mn: full presentation: https://ethcap-co.s3.amazonaws.com/Docs/2021.04.21+-+ETHC+Presentation+-+Website.pdf
  • J
    John
    This was excellent news regarding ETH staking today. We now know they have a commitment to stake approx. 2/3 of their holdings (68%) and earn an average APY of 5.2%. If they hit their target, this generates nearly $8M in new ETH annually, which would compound. Put another way, this is way better than buying an ETF that holds Ether paying your 0.5-1.0% mgmt fee. Here you get something that is trading at a NPV of nearly -30% while, holding ETH safely, and earning interest.

    While it dropped in this past few weeks of crypto market correction, we continue to be undervalue here. If you want to hold ETH, this is the way to go.
  • b
    brian
    When you look at the spring run up this stock the market cap typically trailed the value of eth held by the company by about 30million now we sit between 55-65 million under valve just based on eth holdings by the company . As we go forward I expect a significant jump once all this profit taking stops as this does not include the maker held by the company or the small amount of commission income from the etf they helped develop .If eth can hit 5 k usd by eoy that should give us a share price in the 6-7 cad range .
    Bullish
  • S
    Shynobi Future
    Hoping this will be Massive when ETH 2.0 rolls out next year. Great stock to get exposure to ETH without buying the actual coin.

    Also hoping this can get on more exchanges. A nasdaq listing would be huge. Lots of things that could get this moving. Need more volume, but as Eth goes up, this will pick up alongside it. Very bright future.
  • Y
    Yahoooooo
    The CEO of this company was my wedding photographer in 2014. He told me to look into this thing called Bitcoin (before ETH was created). I didn't listen :(
    Smart dude though, clearly.
    Bullish
  • M
    Mos
    In case you guys missed it. Here is their latest investor presentation from Dec 2020.
    https://ethcap-co.s3.amazonaws.com/Docs/2020.11.30+-+ETHC+Presentation.pdf
  • R
    Rico Suave
    Can anyone explain to me what drove the massive price drop a few days back? I was about to sell at approximately $4.60 and then it crashed down to about $3.60 in a matter of a few minutes. The actual price of Ethereum didn't move. How can this possibly be justified? I know that ETHC does not DIRECTLY track ETH price but it has always pretty much mirrored the percentage gains and losses up until a few days ago.
  • M
    Mos
    I love this one. I've owned it since it launched in 2017 at 2.50$. Held on when it dipped to 0.13$ during crypto winter. And have been riding it up back up since. Sold some when it hit $5 last year. I expect this to go to $10 when crypto hits its next peak!
  • C
    Cheryl
    My friends say I am nuts for taking a big stake in $ETHC.NE it is so risky, but I especially like the exposure to Wyre and I cannot find it anywhere else. Have you? To complete the trifecta today I also bought WIPRO (WIT namesake of the futures bet 2022 Kentucky Derby favorite WIT) and CLF the iron and steel infrastructure play.
    Bullish
  • M
    Matt
    the company has 153m in ethereum and 13m in maker. the company is only worth 106m. it is very undervalued.
  • S
    Soopa
    Buyback authorized of up to 10% of float... Nice, hopefully will help with SP rise to where it should be
  • S
    Soopa
    Yes, it is MADDENING that for much of the last few months this stock has traded from quite below to well well below it's net asset value in crypto Holdings...
    They are HODLing 43512 Ether, currently worth over $215 million USD!!!... And their total market cap is only around $130 million USD!!!

    And that's without factoring in their other Holdings and ventures!!!
  • E
    Eric
    Where are the longs!!! I bought this Oct of 2019. Have not sold 1 share.

    Lets Gooooo!!!
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