@FrameworkWisely If the stacking rate would have been higher, the EV would have been greater than the underlying assets which should the value of the company if the EV would have have been lower than the ETH owned, the value of the company would be the balance sheet at fair value.
@FrameworkWisely I would have think that companies derive value from their assets owned, if a company is not able to extract a return on investment on a multiple basis greater than the fair value of his assets, the value should be the greatest btw the balance sheet at fair value and the EV
@FrameworkWisely For example, if we say the multiple should be derived from the stacking rate around 3% which would give a multiple of 33 (1/3%) and the ebitda is 108 M$ (3% x 837k ETH x 4300$) it would give an enterprise value of 3.6 billions which is exactly the value of the ETH owned.
It’s hard to overstate how dystopian and threatening Canada has become. An update from longtime Canadian government official Maxime Bernier.
(0:00) Who Was Justin Trudeau Really Working For?
(7:53) The Invasion of Canada
(9:19) Pierre Poilievre Is a Fraud
(13:25) The Attempts to Destroy Christian Countries
(15:51) The Trade War Between Canada and the US
(20:03) The Canadian Government’s Ridiculous Climate Change Agenda
(21:59) China’s Control Over Canada
(28:50) The Corruption of Canadian Media
(32:00) The Growing People’s Party
(38:36) Is Trudeau Fidel Castro’s Son?
(39:33) The Death of Canada’s Healthcare System
(43:19) The Canadian Exodus
(44:07) Canada’s Mass Gun Control
(46:16) The DEI Initiatives in Canada
(49:45) Is Canada Headed Towards a Revolution?
(52:05) Who Is Mark Carney?
(55:33) Canada’s Gold Crisis
(1:03:17) What’s Happening to All of Canada’s Natural Resources?
(1:08:51) Is Canada Fixable?
Includes paid partnerships.
🌜🔵🌛 Moonwell continues to lead on @Base, generating ~161K in fees this week, showcasing real, organic borrow demand across our Core Markets.
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The governor of California just made this parody video illegal in violation of the Constitution of the United States.
Would be a shame if it went viral.
MakerDAO is now Sky! Get ready to upgrade to $USDS and $SKY on 18 Sept.
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