Growth in Digital Assets
The company holds $13.7 million in digital assets, primarily Bitcoin, and $1 million in digital mining assets. Additionally, they own 1,997,007 shares of Winland, which is expanding and trades at a premium to net asset value.
Positive Performance in Horizon Kinetics
Horizon Kinetics is in the best position it's been in 18 years, with significant performance fees contributing to the revenue stream.
Indirect Bitcoin Mining Strategy
FRMO has been using indirect mining strategies to grow their Bitcoin per share at a higher rate than direct mining, capitalizing on cryptocurrencies with higher momentary returns.
Strong Performance Fee from Horizon Kinetics
Horizon Kinetics received the largest performance fee in its history, contributing significantly to FRMO's income.