NIA is excited to announce its #1 favorite Bitcoin stock suggestion that has been overlooked by the investment community: Neptune Dash (TSXV: DASH) or NPPTF on the U.S. OTC.
Since May 31st, DASH's share price has been unchanged at $0.09 per share. DASH's performance since May 31st has been in line with the Dash crypto token, which is also unchanged since May 31st. What the investment community appears to have totally overlooked: DASH in recent years has been slowly diversifying away from the Dash crypto token and into Bitcoin and other crypto assets. In 2020, DASH quietly accelerated its diversification out of Dash and into Bitcoin!
As of May 31st at the end of DASH's fiscal 3Q 2020, DASH already owned 28 Bitcoin worth CA$365,837, 131,959 ATOM worth CA$495,765, in addition to its 15,454 Dash worth CA$1,627,385, along with smaller amounts of Ethereum, Litecoin, Stellar, NEO, Omisego, and QTUM. Since May 31st, DASH's two largest non-Dash digital asset holdings Bitcoin and ATOM have both been among the best performing cryptocurrencies!
On November 12th, DASH issued its first press release in nearly six months! DASH announced in a corporate strategy update that subsequent to the end of DASH's fiscal 3Q 2020 ending May 31st, DASH sold off the majority of the 15,454 Dash tokens that it held by reducing its Dash Masternodes from 15 down to 6 (each Masternode requires the staking of 1,000 Dash tokens). This means that DASH sold approximately 9,000 Dash tokens since May 31st to reduce its Dash holdings to approximately 6,000 tokens.
According to DASH's press release, "much of the DASH tokens were traded for Bitcoin".
This is a significant development that very few investors are aware of at this time! In recent weeks, DASH has continued to trade in very close correlation to the Dash token, which has continued to underperform the overall crypto market. Many investors continue to incorrectly view DASH as being similar to an ETF that tracks the performance of the Dash token, when in reality DASH's #1 asset is now Bitcoin!
One month from today, DASH will be releasing its fiscal 2020 year-end results! At that time, we expect to learn full details about DASH's valuable Bitcoin holdings and the income that DASH is generating from them through DeFi!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from DASH of USD$20,000 cash for a three-month marketing contract. NIA previously received compensation from DASH of USD$30,000 cash for a marketing contract which has since expired. This message is meant for informational and educational purposes only and does not provide investment advice.
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