16. February 2021 | 10:10 CET
Bitcoin Group, BIGG Digital Assets, Riot Blockchain - Price explosion in Bitcoin & Co: Take profits?
In the wake of Bitcoin's new all-time high, shares in companies that operate in the field of cryptocurrencies, digital assets or blockchain rose rapidly. To dismiss the whole thing as hype is too simplistic and falls short. The full-scale revolution in digital currencies and assets has only just begun. We give you current insights that will make you money!
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ISIN: CA0898041086 , DE000A1TNV91 , US7672921050
BITCOIN GROUP SE - the launch of a new trading system in Q2
As a holding company, Bitcoin Group SE primarily invests in innovative and disruptive business models and technologies from the cryptocurrency and blockchain sectors. The Company's central growth driver is Bitcoin.de, a trading platform for digital currencies.
According to a Company announcement from earlier this month, the Group is off to a good start this year. The Bitcoin.de trading platform achieved the third-best monthly result in the Company's history, based on commission revenue. The Group also expects dynamic growth soon with the launch of a new trading system in the second quarter.
Bitcoin Group SE is a clear beneficiary of the proliferation of digital assets and cryptocurrencies. According to our calculation, the Company's holdings of cryptocurrencies should now be heading tightly towards the EUR 100 million mark. The market capitalization is currently just under EUR 300 million. Given the good growth prospects, the stock still has room to run.
BIGG DIGITAL ASSETS INC - a look at peer companies, makes investors even happier
The share price of Canadian BIGG Digital Assets Inc. is steadily continuing its upward trend. The Company's goal is to build an ecosystem for policy-compliant and regulated crypto businesses. Fully convinced of the digital revolution in terms of payment and assets, the Company announced earlier this month that it will invest the generated cash flow in Bitcoin from now on.
Central to the Canadians' continued development is its subsidiary Netcoins. Netcoins is a cryptocurrency broker with proprietary software, compliance and security solutions for buying and selling cryptos and has reported considerable trading volume gains in recent months.
A look at listed competitor Voyager Digital and industry behemoth Coinbase, which is planning an IPO in the US, illustrates that the Canadians' current valuation of CAD 185 million is far from too high. Voyager is a crypto asset broker that allows retail and institutional investors to trade crypto assets, and it reported substantial growth rates earlier this month. Yesterday, Voyager announced the placement of a capital increase of the equivalent of USD 100 million!
The Canadian Securities Exchange-listed Company is currently valued at CAD 2.3 billion. Coinbase, the largest US trading platform for cryptocurrencies, has 43 million registered users from over 100 countries. The platform was launched in 2012 and operates profitably. Expert estimates suggest a company valuation of up to USD 30 billion at IPO. Compared to these two companies, BIGG is still relatively small. Forward-thinking investors have recognized the potential and continue to grab the stock heartily. The growth story has just begun.
RIOT BLOCKCHAIN INC - Tenbagger: in less than 3 months!
Colorado-based Riot Blockchain is one of the largest US-based publicly traded bitcoin miners. The Company conducts mining activities exclusively in the United States in the state of New York.
The Nasdaq Company's share price has increased more than tenfold in the last 3 months. In the last week alone, the price has doubled. The Company is now valued at an impressive USD 3.3 billion.
The reason for the recent price jump? Riot reported commissioning new production capacity and even plans to triple capacity by the end of Q4 2021! With this announcement, Riot reinforces its claim to play a leading role in the domestic mining scene.