#Cryptocurrency #Stocks – (OTCQB: $INTV) (NASDAQ: $MARA) (NYSE: $SQ) (OTC: $GBTC) Revenue Growth Ahead Driven by Surge in Millennial and Institutional Interest
#Cryptocurrency #Stocks – (OTCQB: $INTV) (NASDAQ: $MARA) (NYSE: $SQ) (OTC: $GBTC) Revenue Growth Ahead Driven by Surge in Millennial and Institutional Interest
Point Roberts WA, Vancouver BC – August 7, 2020 – Investorideas.com, a global investor news
source covering cryptocurrency and blockchain issues a sector snapshot looking
at recent news and developments, featuring Integrated
Ventures Inc. (OTCQB: INTV).
Read
this article featuring INTV in full at https://www.investorideas.com/news/2020/crypto-corner/08071INTV-MARA-SQ-GBTC.asp
Bitcoin and all
major cryptocurrencies have seen not only a massive surge in prices recently
but also a huge growth in both acceptance and interest in crypto as a replacement
for and a hedge against traditional money and finance. The demand is driven by both
millennials and institutional investors.
Matt Luongo, CEO of Thesis recently reported,
“Millennial finance is premised on the ability of new technologies to
fundamentally and permanently reshape how the money system operates in both
form and function. This isn’t just theory. It’s happening now, and millennials
are leading the charge. The success of platforms like Robinhood,
Acorns and Wealthfront demonstrates the potency of this movement and
underscores millennials’ thirst for options beyond the traditional banks and
brokerage houses.”
“But these apps are only the tip of the
iceberg. Their fundamental innovation is around user experience; they
ultimately use the same financial infrastructure that legacy banks and wealth
managers do. Millennial finance has more in store – and cryptocurrencies will
be key. Rather than building a better train to run over the same old rails,
crypto lets us build new, open, peer-to-peer rails.”
Forbes reported, “Institutional
demand for bitcoin is soaring amid the coronavirus crisis, with multi-billion
dollar bitcoin and crypto-asset manager Grayscale reporting its biggest-ever
quarterly inflows of almost $1 billion.”
From the news: The Company has agreed and executed Term Sheet with Eagle
Equities, LLC for Private Placement, in the amount of $1,086,956, which will be
used to expand cryptocurrency operations and to support future acquired
operations. Use of proceeds: (1) purchases of 500 (*) assorted mining rigs:
Antminer S17/S19, WhatsMiner and Innosilicon A10 and (2) deployment of the
capital to support potential M&A transactions (**).
From
the news: The Company has decided to diversify
its business operations, by expanding its focus from cryptocurrency mining
operations to aggressive pursuit and implementation of M&A roll-up, a
growth driven strategy seeking to achieve, above market, risk-adjusted returns,
primarily by targeting: (1) companies in financial distress, (2) undergoing a
turnaround or (3) undervalued companies that are looking for financial
assistance, due to the current economic conditions. Integrated Ventures intends
to acquire, merge-in and consolidate underperforming companies, mainly in the
technology sector, which will allow INTV to combine all financial and
management resources together, to cut down operational costs, and to increase
the Company's revenues and market cap.
From
the news: To assist with execution of roll-up
strategy, the Company plans to engage a business consulting group, with
verifiable revenue generating M&A targets. These pre-vetted targets have a
history of 2+ year operations with consistent revenues and EBITDA margins of
10%+. The Company intends to pursue such acquisitions, by offering below market
multiples to the revenues with 10%-15% in cash and common stock. As of today,
the Company has identified 2 such targets and if successful in closing these 2
deals, Integrated Ventures annual sales are expected to reach around $5.5
million.
Integrated Ventures CEO, Steve Rubakh,
commented, “The Company plans to diversify and expand its operations, by
acquiring revenue generating assets that are available at below market pricing.
We intend to assemble a team consisting of experienced and seasoned business
professionals, ready to execute a value driven approach, thru a bottom-up
research and due diligence process that seeks to capitalize on unique market
opportunities.
Continued: “We
believe that this new business strategy offers an exciting path forward and
will significantly increase Company's assets, market valuation and result in an
increase in shareholder's value.”
With the funding,
Integrated Ventures intends to focus on the following sectors: Data Center –
Design Construction & Management, Cryptocurrency-
Mining and Equipment Sales, DeFi Blockchain – Investments, Applications &
Node Operations and E-Commerce & Information Technology Consulting Services.
Grayscale
Investments, (OTC: GBTC) the world’s largest digital currency
asset manager, recently announced that Shares of both Grayscale® Bitcoin Cash
Trust and Grayscale® Litecoin Trust have received approval from FINRA for
public quotation under symbols: BCHG and LTCN respectively on OTC Markets,
marking the introduction of the first publicly-quoted securities in the U.S
deriving value from Bitcoin Cash (BCH) and Litecoin (LTC).
The
Trusts are open-ended trusts sponsored by Grayscale and are intended to enable
exposure to the price movement of the Trusts’ underlying assets through a
traditional investment vehicle, avoiding the challenges of buying, storing, and
safekeeping digital Bitcoin Cash or Litecoin directly.
BCHG and LTCN
represent Grayscale’s fifth and sixth publicly-quoted investment products.
Grayscale® Bitcoin Trust (OTCQX:
GBTC), Grayscale® Ethereum Trust (OTCQX: ETHE), Grayscale® Ethereum Classic Trust (OTCQX: ETCG), and Grayscale® Digital Large Cap Fund (OTCQX:
GDLC) are also publicly-quoted and available to all
investors with access to US securities. Investors will be able to find current
financial disclosure and Real-Time Level 2 quotes for Shares on www.otcmarkets.com/stock/BCHG/overview once trading for BCHG commences and www.otcmarkets.com/stock/LTCN/overview once trading for LTCN commences.
A stock that has been on fire with higher than normal trading volumes, Marathon
Patent Group, Inc. (NASDAQ:MARA) one of the few Nasdaq listed cryptocurrency
mining companies in the United States, recently announced the purchase of 700 next generation M31S+ ASIC
Miners from MicroBT. The miners are expected to arrive mid-August.
From the news: Additionally, Bitmain has notified the Company that
660 of the 1,660 Bitmain S-19 Pro Miners previously purchased will be delivered
in mid-August.
From the news: Marathon’s Chief Executive Officer, Merrick
Okamoto, stated, “In the past few months, we have heavily invested in our
business through the purchase of now 3,020 next generation miners. We currently
have 700 M31S+ miners operational producing 56 PH/s.”
From the news: Okamoto continued, “Upon delivery and installation
of the 1,360 miners due to arrive in August, the company will have 2,060 Miners
operational, producing 184 PH/s. As a result, the Company's aggregate hashing
power capacity would increase by 320% from the current level of 56 PH/s. Based
on current Bitcoin prices, the company would expect to become cash flow
positive.
From the news: The 1,000 remaining S-19 Pro Miners due to arrive
in the 4th quarter will produce an additional 110 PH/s, which when installed
will give the Company an aggregate Hashpower of 294 PH/s.
How big
is the opportunity for companies in the sector?
Crypto Corner
reported, “Financial services firm Square, Inc. (NYSE: SQ) reported
in a letter to shareholders, that it generated $875 million of bitcoin revenue
and $17 million of bitcoin gross profit during Q2 2020 on its Cash App. This
represents a revenue increase of 600 percent year over year, something the
letter ascribes to “an increase in bitcoin activities and growth in customer
demand.” As of June, the company boasted “more than 30 million monthly
transacting active customers,” on its Cash App.”
For investors following the sector Investor Ideas has a
comprehensive Bitcoin,
Blockchain and Digital Currency Stocks Directory
Also visit the Crypto
Corner podcast and commentary on what’s driving
cryptocurrency stocks and the crypto market.
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