Aug. 24 at 3:55 PM
Looking at
$COSM results it is evident they are heading in the right direction, breaking sales / revenue records and improving cash flow.
Besides the buyback and insider purchases, what caught my attention is their non-core assets. The real estate portfolio has huge value relative the the market cap and company size, but its illiquid. The crypto assets, on the other hand, are highly liquid, as good as cash. As some commentators have posted, both Bitcoin and Ethereum
$BTC.X and
$ETH.X are booming right now. This is an amazing liquidity boost for such a small company. The size of their crypto portfolio could fetch around
$5 million if the previous crypto highs are reached , and much more if we have new records.