Andrew Left’s Citron Research said via Twitter: “If U want BTC exposure -BUY BTC or $GBTC at a 7% discount. The 3000% premium of $RIOT to NAV will historically look more ridic than 80%-100% premiums $GBTC traded to $NAV in 2017. While Cit loves $BTC, $RIOT should trade to NAV $2 (BTC+PP&E). NO IP.” Shares of Riot are off the day’s highs but remain up 4% to $53.43 in morning trading.
next post