diddy on Nostr: The revenue numbers are likely legit if they are reporting gross bitcoin sales as ...
The revenue numbers are likely legit if they are reporting gross bitcoin sales as revenue (similar to cash app). 200mm annualized is a crafty way of saying 50mm/quarter and Cash app is 50x that amount which is what id assume to be the multiple ahead of Swan.
Assume an average fee of 2%, the actual quarterly net revenue is probably $1mm on bitcoin sales.
Published at
2024-01-05 04:10:14Event JSON
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"content": "The revenue numbers are likely legit if they are reporting gross bitcoin sales as revenue (similar to cash app). 200mm annualized is a crafty way of saying 50mm/quarter and Cash app is 50x that amount which is what id assume to be the multiple ahead of Swan. \n\nAssume an average fee of 2%, the actual quarterly net revenue is probably $1mm on bitcoin sales.",
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