I first bought $glxy stock over 5 years ago (<$1 per share) and I argued you could acquire the per-share $btc on the balance sheet for < 100c on the $1 (an ‘arbitrage’)
Today - in addition to building a leading, giant crypto merchant bank - you can ‘arbitrage’ the per share AI compute value
Ie, at ~$20/sh the market value is less than what its massive and growing data center footprint alone is fundamentally worth (ignoring all other value / business lines)
NFA but free money :)
Wall Street doesn't understand new concepts... until they do
$HOOD - from hated PFOF, to beloved stock
$COIN - from hated conglomerage to slightly less hated crypto proxy
$CRCL - From failed IPO, to hottest IPO ever
$GLXY - likely next. AI Data centre powerhouse + Crypto InvBnk
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