Jul. 24 at 3:58 PM
$FUFU has one of the strongest common-equity financing windows in the DAT universe.
Its 1,671 BTC are worth about
$108M, while common market value is approximately
$218M. That produces leverage-agnostic Implied Productivity near +1.02x: common issuance could mechanically purchase more BTC per share.
But FUFU’s common-share count has remained around 166.6M since January. It has not spent that premium on dilution.
That distinction matters because FUFU is also a mining and cloud-mining business. Implied Productivity measures available BTC-purchasing power, not whether issuing equity is automatically the best use of an operating company’s stock.
https://datcap.io/company/FUFU
