Riot stock gains 3% after mining update: holds 17,722 BTC
Riot Platforms, Inc. shared its December 2024 production update. The company mined 516 Bitcoin in December, a 4% increase from November. Riot Platforms achieved a 4% monthly production increase and completed the first phase of its Corsicana Facility while holding over 17,700 Bitcoin by year-end. The full hash rate activation remains ongoing, with a careful […]
MicroStrategy unveils $2 billion preferred stock offering
MicroStrategy announced plans to raise $2 billion through a preferred stock offering, marking a major expansion of its Bitcoin accumulation strategy. The move comes as part of the company’s so-called 21/21 Plan, which aims to raise $42 billion through various financial instruments over three years. The Tysons Corner, Virginia-based company plans to issue perpetual preferred […]
MicroStrategy eyes more Bitcoin with potential $2B preferred stock offering
MicroStrategy may decide not to move forward with the perpetual preferred stock offering if market conditions aren’t favorable this quarter. Source link
Crypto.com adds stock and ETF trading for U.S. Users
Crypto.com has launched stock and ETF trading for select U.S. users, marking a significant expansion beyond cryptocurrency. The new feature allows users to buy, sell, and transfer stocks and exchange-traded funds through the Crypto.com app. Initially available in Pennsylvania, Ohio, Washington, and Arizona, the platform plans to roll out the service nationwide. Users can trade […]
Americans expect stock boost in 2025, along with global, political conflict
History shows a rise in stock market indexes will be accompanied by increasing Bitcoin and crypto market prices, albeit in a more volatile manner. Source link
Here’s why MicroStrategy stock and Bitcoin price have diverged
MicroStrategy stock and Bitcoin price have historically had a close correlation as the company became the biggest BTC investor. MicroStrategy shares have dropped by 21% in the last 30 days, while Bitcoin (BTC) is down by less than 2%. This marks a significant divergence, as MSTR stock has typically moved in tandem with Bitcoin. Bitcoin […]
MicroStrategy’s Stock Falls Below $300, What’s Going On?
The stock of MicroStrategy declined to more than $300 in the after-hours session on Dec. 30. Could MicroStrategy be slowly losing its heat? The MicroStrategy stock (MSTR) is down by 46% from its all-time high in November. This comes as the company’s bid to increase its stock shares by billions of dollars in order to […]
The Best-Performing Crypto Stock of 2024
MicroStrategy Inc., the business intelligence company that is now the biggest corporate holder of Bitcoin, has ranked as the best-performing cryptocurrency stock in 2024, according to The Block. The company’s stock climbed up to 402% on the year, pushing the company’s market cap to $83 billion. This continued the trend of MicroStrategy buying more Bitcoin […]
MicroStrategy to hold 2025 shareholders meeting to vote on boosting capital stock to 10.33b shares
MicroStrategy files a preliminary notice with the SEC to hold a shareholder vote for several items, including whether to increase authorized shares of common stocks and preferred shares from millions to billions. MicroStrategy, the largest corporate holder of Bitcoin (BTC) to date, plans to conduct a meeting of shareholders. According to the preliminary notice filed […]
Chief of South Korean Stock Exchange says crypto should be institutionalized quickly
Chairman of the South Korean Stock Exchange, Jeong Eun-bo, believes the nation should act quickly in institutionalizing the crypto market or risk falling behind other countries. In an interview with South Korean media outlet Maeil Kyungjae, Eun-bo argued the crypto market needs to be institutionalized in the same way that traditional finance has in order […]
