Tag: Stock

Nvidia’s stock price forms ‘death cross’ — Will AI crypto tokens follow?

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Chip-making giant Nvidia’s (NVDA) stock is flashing a major bearish signal — the last time this pattern appeared, it retraced nearly 50%. This may raise questions for the AI crypto sector, which has, at times, seemed to react to Nvidia’s price. “NVDA just formed a Death Cross for the first time since April 2022. The last one sent shares plunging 47% over the next 6 months,” markets data platform Barchart said in a March 23 X post. A death cross is a bearish signal that occurs when the 50-day simple…

Strategy announces 10% preferred stock offering to buy more Bitcoin

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Strategy has announced the pricing of its latest round of perpetual preferred stock, which the company does before announcing more Bitcoin (BTC) acquisitions. According to Strategy, the latest round of preferred stock will be sold at $85 per share, with a 10% coupon, and will bring the company approximately $711 million in revenue. Market analyst Jesse Myers said that the annual 11.8% dividend distributed to investors from the latest offering suggests that Strategy can now siphon investors from the bond market, which only offers 4.2% interest. Strategy’s most recent BTC…

Strategy Prices $722.5M Preferred Stock Offering for Bitcoin Acquisitions 

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Strategy (formerly Microstrategy) announced the pricing of 8.5 million shares of 10.00% Series A Perpetual Strike Preferred Stock at $85 per share, expecting $711.2 million in net proceeds after underwriting fees. Settlement is scheduled for March 25, 2025. Strategy Prices 8.5M Shares at $85 Each in Preferred Stock Deal Strategy’s (Nasdaq: MSTR/STRK) cumulative dividends will […] Original

Strategy upsizes stock offering to $711m, plans more Bitcoin buys

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Strategy, formerly known as MicroStrategy, has raised $711.2 million through an upsized preferred stock offering, with most of the funds earmarked for additional Bitcoin purchases. The company priced its 10.00% Series A Perpetual Strife Preferred Stock at $85 per share, offering 8.5 million shares. The sale is expected to close on March 25, pending standard regulatory conditions. Initially set at $500 million, the offering was increased due to strong investor demand. Net proceeds, after deducting underwriting fees and offering expenses, are estimated at $711.2 million.  Strategy stated that the funds…

Michael Saylor’s MSTR Set for More BTC Purchases After Strife Stock Sale

Strategy (MSTR) will likely soon be in the market for additional sizable bitcoin purchases after pricing an upsized sale of its latest preferred stock issue. The company sold 8.5M shares of its 10% Series A Perpetual Strife Preferred Stock at price of $85 each, raising roughly $711.2M. Strategy initially had hoped to raise $500M. The latest series of preferred stock differs from the original STRK in that it comes with a higher coupon (10% versus 8%) and has no common share conversion provision. The company at last check owned more…

Bakkt stock tumbles nearly 30% after losing Bank of America and Webull

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Crypto firm Bakkt’s share price plummeted over 27% on March 18 after the company revealed that two of its largest clients, Bank of America and Webull, would not be renewing their commercial agreements. In a March 17 regulatory filing, Bakkt said it had received notice of Bank of America not renewing its commercial agreement when the deal expires on April 22. It also disclosed that the brokerage platform Webull had also decided not to renew its agreement when it ends on June 14.  Bank of America represented 17% of Bakkt’s…

Strategy’s New Stock Offering Poised to Supercharge Bitcoin Accumulation

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Strategy is unleashing a 5 million-share stock offering, strengthening its bitcoin war chest and pushing its aggressive expansion in the world’s largest cryptocurrency treasury. Strategy’s Stock Offering Unlocks More Firepower for Bitcoin Expansion Software intelligence firm Microstrategy (Nasdaq: MSTR), now rebranded as Strategy, announced on March 18 that it plans to offer 5,000,000 shares of […] Original

Coinbase stock may rally to $310 on Trump-led crypto policies

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Coinbase exchange’s stock price has received an optimistic price prediction from a Bernstein analyst, citing improving crypto regulatory clarity in the world’s largest economy. Gautam Chhugani, an analyst at global asset management firm Bernstein, initiated coverage of Nasdaq-listed Coinbase (COIN) stock with an outperform rating and a price target of over $310. The analyst expects improving mainstream cryptocurrency adoption, driven by US President Donald Trump’s administration, which intends to make crypto policy a national priority and make the US a global hub for blockchain innovation, according to a Bernstein research…

Coinbase (COIN) Stock Decline Can’t Stop Highly Leveraged Long ETF Rollouts

Leverage Shares by Themes has launched a new exchange-traded fund (ETF) tied to the Nasdaq-listed cryptocurrency exchange Coinbase (COIN) stock despite a downturn in the crypto-related shares. The Leverage Shares 2X Long Coinbase Daily ETF (COIG) is designed to deliver twice the daily return of Coinbase’s stock price, offering traders an amplified exposure to the U.S.’s largest cryptocurrency exchange. The ETF, which carries an expense ratio of 0.75%, is listed on Nasdaq, according to a press release. The launch comes amid a significant cryptocurrency market downturn that saw bitcoin (BTC)…