May. 5 at 3:10 PM
$FLD FLD update using latest share count:
BTC at
$81,200
* Holdings: ~827 BTC → ≈
$67.1M
Shares outstanding (per Yahoo): 50.82M
👉 BTC floor ≈
$1.32/share
At ~
$1.36, market is barely above BTC value — you’re effectively paying ~
$0.04/share for the business.
Business valuation (rough ranges):
* Conservative (0.5× rev): +
$0.15–
$0.25
* Fair (1.0×): +
$0.30–
$0.50
* Aggressive (2.0×): +
$0.60+
👉 Fair value range: ~
$1.60 –
$1.90
👉 Upside case (BTC strength + execution):
$2.00+
Float is only ~5.17M with 71% insider ownership — supply is tight.
Bottom line:
BTC underpins most of the valuation here. Business + optionality is the upside lever.
⚠️ Not financial advice. Do your own research. I may hold a position and can buy/sell at any time.
