Crypto-exposed stocks slide as BTC-bolstered treasuries shed value
Many stocks of publicly traded firms that are exposed to Bitcoin have suffered significant drawdowns this month. Go to Source Powered by WPeMatico
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Many stocks of publicly traded firms that are exposed to Bitcoin have suffered significant drawdowns this month. Go to Source Powered by WPeMatico
Tesla CEO Elon Musk has spoken with North American bitcoin miners and they have committed to forming a Bitcoin Mining Council to “promote energy usage transparency & accelerate sustainability initiatives worldwide.” They have also agreed to publish their current and planned renewable usage. The meeting was hosted by Microstrategy CEO Michael Saylor. Elon Musk and … Read more
The Carlyle Group’s co-founder, David Rubenstein, says that the idea of the government stopping cryptocurrency from being something that investors want is unrealistic. He believes that cryptocurrency is here to stay. It’s not going away as “It’s clearly something that the market wants,” he said. David Rubenstein Bullish About Crypto David Rubenstein, co-founder and co-chairman … Read more
On Tuesday, the publicly-listed business intelligence company, Microstrategy, announced the purchase of 229 bitcoins adding to the firm’s current stash of crypto. The company’s CEO Michael Saylor told his Twitter followers that Microstrategy now holds 92,079 bitcoins. Microstrategy Stocks Up on More Bitcoin, Buys $10 Million Worth to the Balance Sheet Microstrategy (Nasdaq: MSTR) has … Read more
Nasdaq-listed Microstrategy has bought the dip and purchased $15 million more bitcoins, taking advantage of the falling price for the cryptocurrency after Tesla CEO Elon Musk revealed that his company has suspended accepting bitcoin for payment. Microstrategy now holds about 91,850 bitcoins. Microstrategy announced Thursday that it has purchased $15 million more in bitcoin. CEO … Read more
Yesterday, Mark Zuckerberg, founder and CEO of Facebook, revealed he’d named one of his goats “Bitcoin”. This was seemingly an innocent announcement that, nonetheless, got the crypto sphere talking on what deeper meaning this might indicate. While some have rationalized this as being an endorsement of Bitcoin by Facebook, others have suggested weirder theories. Bitcoin: … Read more
The purchase makes the eCommerce platform the 36th publicly traded company to add Bitcoin to its balance sheet. Go to Source Powered by WPeMatico
New figures show certain revenue sectors boomed by over 50% in Q1 2021 compared to the same quarter last year. Go to Source Powered by WPeMatico
SEC filings show that America’s oldest bank has attributed the underperformance of its small-cap ETF to failing to buy MicroStrategy shares after the firm invested heavily in BTC. Go to Source Powered by WPeMatico
Genesis Global Trading released its Q1 report on April 28, with corporates leading trading volumes, accounting for $8 billion in spot trading alone. Go to Source Powered by WPeMatico