alt Hacker NewsYou have to compare it to what else they could have done with the money, such as investing in their own growth, or even giving it back to shareholders if they had no good ideas what to do with the money.
You have to compare it to what else they could have done with the money, such as investing in their own growth, or even giving it back to shareholders if they had no good ideas what to do with the money.
I did! If they invested it in themselves it would have been a 50-75% loss, same with doing a buyback (return the cash to stockholders) at a high stock price.
Dunno what better proxy I could use for how it would have went other than their actual stock price. Unless we are to think their next best idea that they didn’t invest in would have done better than all the other things they did invest in. But that’s very speculative.
Instead they got a blended 300% gain on btc.
Should have sold the entire company for cash and bought bitcoin at the timelines they did.