Bitcoin Gained 164% in 2023 but Crypto Millionaire Abandoned It for This

A certain crypto genius and millionaire has been praising Bitcoin since it was trading for $61. Even though it gained 164% last year, he's now recommending a different cryptocurrency. In fact, he's betting his own money on and buying it like crazy.

Ranpak Holdings Corp
NYSE:PACK
$7.37

Financials

Curr Year EPS Estimate0.11
Next Quarter EPS Estimate-0.02
Profit Margin-0.08
Return on Assets0.01
Return on Equity-0.04
Revenue298,200,000
Earnings Per Share-0.32
Revenue Per Share4.12
Gross Profit122,600,000
Quarterly Revenue Growth0.18

General

NameRanpak Holdings Corp
TickerPACK
ExchangeNYSE
SectorConsumer Cyclical
IndustryPackaging & Containers
CurrencyUSD
CountryUSA
Fiscal Year EndDecember
Full Time Employees645

About Ranpak Holdings Corp

Ranpak Holdings Corp., together with its subsidiaries, provide product protection solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company manufactures and assembles proprietary protective systems that convert kraft paper into a range of packaging and cushioning products to address its customers' needs. It also offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects; cushioning protective systems, which convert paper into cushioning pads; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects. The company's products also include line automation solutions, which comprise capital equipment that can size, pad, fill, flap, lid, tape, and/or label the product in an integrated fashion with the speed and flow of the customer's packaging line. It sells its products to end users primarily through a distributor network, and directly to select end users. Ranpak Holdings Corp. was founded in 1972 and is headquartered in Concord Township, Ohio.

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