Bitmain IPO investor Deck shows huge investment in Bitcoin Cash & large disinvestment from Bitcoin.
See Bitmain IPO investor Deck
https://twitter.com/real_vijay/status/1028881826331340800
Samson Mow (@Excellion) tweeted at 4:42 PM on Sat, Aug 11, 2018:
According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they’ve bled half a billion in the last 3 months. If Bitcoin Core devs didn’t disclose the Bcash vulnerability, it could’ve wiped a billion dollars off their balance sheets. https://t.co/9BMywdvvby
(https://twitter.com/Excellion/status/1028426579158884352?s=03)
-bad investment
-also bad strategy
-not known on street and not yet on balance sheet
Maybe they are good at making chips. If so, buy at lower prices in a quarter or two.
I also sold Opera Browser OPRA
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