1. RELEASE BULLSHIT EXAGGERATED NUMBERS.
2. EXPECT THAT MOST WILL NOT VERIFY AND ASSUME OTHERS DID.
3. SOLICIT REAL INVESTMENTS IN YOUR COMPANY BASED ON THE BULLSHIT NUMBERS.
4. PROFIT.
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.
Assume an average fee of 2%, the actual quarterly net revenue is probably $1mm on bitcoin sales.
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