Tag: Stock

Bitcoin falls to $81.5K as US stock futures sell-off in advance of Trump’s ‘Liberation Day’ tariffs

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Bitcoin looks set for a bearish open to mark the last trading day of March and possibly the weakest Q1 performance since 2018.  Crypto and stock traders’ anxiety over US President Donald Trump’s fresh wave of 25% tariffs on cars imported to the US, the threat of tariffs on the pharmaceutical industry is clearly reflected in BTC’s current downside. Trump’s frequent references to April 2 being “Liberation Day” (the day when an apparent number for “reciprocal tariffs” will be assigned to various countries) also has shaken traders’ confidence.  At the…

MARA Holdings to Sell $2 Billion in Stock for Bitcoin Purchases

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MARA Holdings, Inc. has announced a $2 billion at-the-market stock offering, with plans to use the proceeds primarily to acquire additional bitcoin and for general corporate purposes. MARA Targets Bitcoin Growth Through $2 Billion Stock Offering The company, MARA Holdings, Inc. (Nasdaq: MARA), entered into an agreement with Barclays Capital, BMO Capital Markets, BTIG, Cantor […] Original

GameStop (GME) Stock Crashes 22% After Bitcoin Reserve Plan, Here’s Why

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Key Notes GameStop’s short sales volume skyrocketed by 234% within 24 hours of announcing its Bitcoin buying plans, reaching 30.85 million shares. The decline followed a spike in trading volume reminiscent of the 2021 short squeeze, prompting NYSE to impose a Short Sale Restriction (SSR). Some analysts, like Han Akamatsu, compare GameStop’s current trajectory to MicroStrategy’s 2021 issuance of convertible notes for Bitcoin purchases . GameStop Corp (NYSE: GME) stock crashed by more than 22% on March 27, two days after the firm announced a plan to build its own…

Bitfarms stock is ‘undervalued’ as firm pivots to AI and energy: analyst

H.C. Wainwright & Co. analyst Mike Colonnese has added Bitfarms stock to the firm’s top picks in the Bitcoin mining sector for 2025, citing strong operational improvements and a shift toward high-performance computing and AI infrastructure. In a research note following Bitfarms’ Q4 2024 earnings report and conference call, Colonnese said the market is “significantly undervaluing” the company’s scaled-up mining operations and emerging AI strategy. H.C. Wainwright reiterated its Buy rating on Bitfarms with a $3.50 per share price target, implying upside potential of more than three times from its…

GameStop stock plunges over 25% intraday after announcing $1.3b Bitcoin bet

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GameStop’s stock experienced a stock decline of over 25% intraday on Thursday. This slump followed the announcement of a strategic pivot involving the issuance of $1.3 billion in convertible bonds to finance the acquisition of Bitcoin (BTC). The video game retailer plans to offer these 0% convertible senior notes, maturing in 2030, in a private sale.  The proceeds are intended for general corporate purposes, including the purchase of Bitcoin, as part of an updated investment policy approved by the company’s board earlier this week.  GameStop shares spiked over 14% in…

The Blockchain Group adds 580 BTC as stock jumps 226% since Bitcoin pivot

France-based The Blockchain Group has added another 580 Bitcoin to its Bitcoin treasury, following a 225% surge in its stock price since it began hoarding Bitcoin in November. This is the largest of the three Bitcoin purchases made by the organization, per a March 26 after-hours statement. At the time of publication, 580 Bitcoin is worth $50.64 million, with Bitcoin’s (BTC) price trading at $87,311, according to CoinMarketCap data. First purchases at pivotal Bitcoin moments The Blockchain Group’s first two Bitcoin purchases happened around significant milestones for the Bitcoin industry.…

Will GameStop Stock See Another Mega Bull Run After Bitcoin Reserve Plan?

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Key Notes GameStop cash reserves surged fivefold to $4.77 billion in fiscal 2024, accompanied by $1.283 billion in Q4 net sales. Analysts speculate that the Bitcoin strategy, combined with GameStop’s improving financials, could propel its stock toward its 2021 high of $81. GameStop’s Bitcoin interest began in February, fueled by CEO Ryan Cohen’s social media activity . GameStop stock price witnessed sharp 10% gains in the after-hour trading on Tuesday, after the firm announced plans of building its own Bitcoin reserve. With this, the American video game firm enters the…

STRF or STRK? Comparing MSTR’s Sales of Preferred Stock

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR). Strategy (MSTR), the U.S. company that’s made buying bitcoin (BTC) a key corporate policy, recently expanded its financial toolkit with the introduction of a second Series A perpetual preferred stock, adding to its growing line of capital market instruments. The company is selling 8.5 million shares of the new offering, called Strife (STRF), at $85 each, giving it a net $711.2 million for bitcoin purchases. That’s up from an initial target of $500 million. The sale ends later…

SEC acting chair voted against suing Elon Musk over Twitter stock disclosure

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The acting chair of the United States Securities and Exchange Commission has reportedly voted against the agency suing Elon Musk over the billionaire’s alleged securities violations concerning the disclosure of Twitter stocks.  Citing anonymous sources, Reuters reported on March 24 that the SEC’s five commissioners conducted a vote on whether to sue Musk or not before the agency filed its lawsuit against the billionaire.  Four commissioners voted in favor, while the lone dissent came from Mark Uyeda, who was appointed acting chair by US President Donald Trump on Jan. 20.…

UK should tax crypto buyers to boost stock investing, economy, says banker

The UK should begin taxing crypto purchases in a bid to sway Britons to invest in local stocks, which could boost the country’s economy, says the chair of investment bank Cavendish, Lisa Gordon. “It should terrify all of us that over half of under-45s own crypto and no equities,” Gordon told The Times in a March 23 report. “I would love to see stamp duty cut on equities and applied to crypto.” Currently, the UK lumps a 0.5% tax on shares listed on the London Stock Exchange, the country’s largest…