- Most investors perceive BitNile as a crypto play. However, this is incorrect. Cryptocurrency only reflected ~10% of total Q1 2022 revenue.
- In addition, BitNile also has exposure to real estate, aerospace and defense, EV charging and technology, commercial lending and activist investing.
- The main reason why the share price is severely depressed relates to the common stock ATM (at-the-market) offering, which has caused tremendous selling pressure.
- The good news is that the ATM is finally coming to an end and BitNile has created a substantial asset base, exceeding $500 million, capable of generating attractive cash flows.
- The CEO recently purchased 1 million shares in the open market, a significant vote of confidence. BitNile is significantly undervalued.
For further details see:
BitNile Holdings: Way More Than Just A Crypto Play