Ether Capital (ETHC.NE), mcap=C$73m, price C$2.03 vs C$2.1

$ETHC.NE pitch:
– A company that owns and stakes $ETH at a 20% discount to the value of ETH holdings.
– Better investment than owning ETH directly with all the benefits.
– Upside from upcoming #EthereumMerge and the start of staking.
– Expected to start trading at a premium to its ETH holdings on the balance sheet.
– Material upcoming income from ETH staking rewards.
– Minimal cash burn with operating expenses covered by consulting income.

Valuation:
– Value of ETH holdings at C$2.6/share.
– Trades at a 20% discount and are expected to trade at a premium.

Exp. gain: +50% to C$3/share + upside from $ETH.

Full $ETHC.NE write-up (free guest account required):
https://www.valueinvestorsclub.com/idea/ETHEREUM_CAPITAL_CORP/1607627930

Published on: September 19, 2022  •  Published by:
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