Imagine buying a company below its book value, while it’s running a high-margin business with a $300 million run rate.
Kyle Reidhead | Milk Road
Kyle Reidhead | Milk Road25.7. klo 21.59
$PUMP at a $2.6B FDV is wild They just raised $1.3B and have generated +$800m in revenue Which means they have a war chest in their treasury larger than their current market cap Outside of an Aug 1st unlock for ecosystem initiatives (not sold right away), there's no unlocks for 12 months Most investors got in at $0.004, yet it sits at $0.0025, so many will hold until they are at least made whole Yes, pumps market share is getting crushed and their revenues are down. But they aren't just going to rollover and do nothing about it. I expect big moves from them soon Evenso, they are still making $3.5m/week and using 25% of that to buy back their own token. That's huge! And sure, the community / CT is mad they aren't airdropping a token... Which I think is a SMART move by the way.. see why here: Also when is CT ever right? never. They were wrong on Circle, they were wrong on sbet, they were wrong on ETH. The contrarian bet, especially if its contrarian to the CT narrative is almost always the right move I'm getting very bullish $PUMP at these prices
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