The NASDAQ's #1 largest gaining stock of 2020 has been Overstock (OSTK) due to their tZERO blockchain-based trading platform for security tokens. OSTK is currently trading for $93.40 per share up 1,224.82% from its 2019 year-end price of $7.05 per share. On June 26th, the tZERO Token (TZROP) was trading for only $1.09, but over the last six weeks TZROP has gained by 400% to a current price of $5.45!
We are currently in the first inning of a Security Token Boom. Between now and year-end there will be a rush to tokenize all types of alternative investment assets including Real Estate. Already if you go to STOMarket.com (STO stands for Security Token Offering), you will see that a firm called RealT has begun tokenizing many individual Real Estate assets that anybody can now invest in and earn rental income simply by buying tokens in that asset for a fractional stake. Investors receive daily rental payments and earn large CAP Rates, without the costs and hassle of being a landlord. Best of all, your investment is liquid and can be sold at any time without waiting for months and being forced to pay massive Real Estate commissions.
NIA has been researching the imminent Security Token Boom for months and has determined that the private start-up RealBlocks is best positioned to become one of the top leaders at tokenizing alternative investment assets. Almost nobody is aware of this yet but there is a publicly traded company that recently made a major investment into RealBlocks and owns a major stake in the private start-up company. The company is called BlockchainK2 and it trades on the TSXV under the symbol: BITK with a U.S. OTCQB symbol of BIDCF.
Amazingly, BITK has only 16.25 million shares outstanding and it is sitting on a large net cash position of CAD$1.8 million! At BITK's current share price of $0.44 its market cap is USD$5.38 million with an enterprise value of only USD$4.02 million.
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 BITK of USD$30,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.