Helix Applications (TSXV: HELX) was up by 18.52% today to $1.60 per share!
Coinbase is expected to go public in a direct listing within the next few weeks under the symbol COIN. Currently, COIN has 254 million fully diluted shares outstanding and in recent private market trading its shares traded as high as $375 per share with an implied market valuation of $95.25 billion. Robinhood in its most recent VC round of funding saw its valuation soar to $40 billion. SoFi will soon be going public in a reverse merger into a SPAC and at today’s closing price has an implied post-merger valuation of $15.69 billion. eToro will soon be going public in a reverse merger into a SPAC and at today’s closing price has an implied post-merger valuation of $12.71 billion.
On March 3, 2017 after Bitcoin hit $1,285 for a gain of 142% from NIA’s May 31, 2016 suggestion at $531, NIA suggested the stock of BTL Group at $2.44 per share, the only blockchain technology company to go public prior to Bitcoin’s 2017 boom. At NIA’s suggestion price, BTL Group had a market cap of CAD$41.91 million. On December 19, 2017 with Bitcoin priced at $18,961.86, BTL Group hit an all-time high of $18.90 per share for a gain of 674.59% from NIA’s suggestion price.
When BTL Group hit its all-time high of $18.90 per share its market cap reached a peak of CAD$360.54 million or US$279.88 million. On the same day that BTL Group peaked at $18.90 per share, the largest publicly traded Bitcoin miner Riot Blockchain (RIOT) peaked at $46.20 per share with a market cap of US$446.29 million.
Yesterday, despite Bitcoin trading for $56,872 or triple its December 19, 2017 price, global Bitcoin mining revenue of $54.456 million was up only 30.812% from December 19, 2017 global Bitcoin mining revenue of $41.629 million. The same reward halving that helped cause Bitcoin’s price to triple is very negative for Bitcoin mining companies! Unfortunately, the Federal Reserve stubbornly refuses to raise the Fed Funds Rate from its record low of zero despite the U.S. M2 money supply growing at a record 26.3% year-over-year, which is 12.6X higher than Bitcoin’s current inflation rate of 2.09% year-over-year!
The Fed has inflated the largest stock market bubble in history causing RIOT to have a market cap today of US$4.06 billion or 9.1X higher than its market cap on December 19, 2017! The market is treating RIOT like it has leverage of 3X the price of Bitcoin, when the reality is… Bitcoin miners deserve a valuation increase of less than 1/6th the price of Bitcoin! Because of this, NIA has focused its attention on searching for undiscovered blockchain technology companies and Crypto brokers!
Last year, BTL Group aka Interbit changed its name to North Peak Resources (TSXV: NPR) and the company is now led by much of the same founding management team of Kirkland Lake Gold (KL) one of the largest and most successful gold miners in the world! Prior to BTL Group becoming NPR they filed patent applications for its most valuable blockchain technologies, but because NPR is now focused on creating the next KL they signed an agreement to transfer its blockchain patents to Helix Applications (TSXV: HELX) a company that has experience working with BTL Group’s original Interbit platform!
HELX has acquired from NPR (formerly BTL Group) the following U.S. blockchain technology patents:
U.S. Patent #10,764,034: Method and system for facilitating data transfer between blockchains: click here to see this patent!
U.S. Patent #10,740,139: Method and system for performing hyperconvergence using blockchains: click here to see this patent!
U.S. Patent #10,693,654: Method and system for hosting a new blockchain using an existing blockchain node: click here to see this patent!
U.S. Patent #10,892,887: Method and system for storing a binary large object: click here to see this patent!
HELX has also signed a non-binding Memorandum of Understanding with GlobalBlock Limited dated effective March 4, 2021. GlobalBlock is a fast-growing, UK-based digital asset broker. HELX and GlobalBlock have agreed to work together exclusively for a period of time to negotiate a potential business combination. GlobalBlock’s web site is located at https://globalblock.co.uk/
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from HELX of USD$50,000 cash for a six-month marketing contract. NIA's President has purchased 10,000 shares of HELX in the open market. He intends to sell these shares in the future for a profit and can sell them at any time without notice. NIA's President has purchased 200,000 shares of NPR in the open market. He intends to sell these shares in the future for a profit and can sell them at any time without notice. This message is meant for informational and educational purposes only and does not provide investment advice.