Tag: Stock

Nvidia’s stock crash won’t stop analysts: Bitcoin bullish

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Despite a significant crash in the tech stock market, particularly affecting Nvidia, analysts remain optimistic about Bitcoin’s future. The tech industry is witnessing a seismic jolt with the launch of DeepSeek’s AI model, competing with OpenAI’s ChatGPT in a neck-with-neck fashion. The tech stock market has crashed, and ripples have been felt in the crypto market as well. However, analysts remain bullish on Bitcoin (BTC). The effects of this have rippled across the tech-related stock market, resulting in a historic $600 billion wipeout of the U.S. tech sector, as per…

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 commissioning process to ensure power grid stability, according to a Riot release. In 2024, Riot expanded its deployed hash rate by 155%, surpassing the network hash rate growth of 52%.  Riot Announces December 2024 Production…

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 stock, which will rank senior to its class A common stock. MicroStrategy targets up to $2 billion capital raise through public offerings of perpetual preferred stock in the first quarter of 2025. $MSTR https://t.co/x1pbB8ArlH —…

Here’s why MicroStrategy stock and Bitcoin price have diverged

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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 vs MicroStrategy stock price | Source: crypto.news The stock has risen by over 320% this year, while Bitcoin has jumped by 120%. Its outperformance of Bitcoin, combined with the lack of an expense ratio, has…

Microstrategy Stock Soars as Bitcoin Outshines Real Estate, Gold, Bonds

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Microstrategy’s bitcoin-focused strategy has ignited a staggering 500% stock surge, with projections of bitcoin hitting $13 million, solidifying its dominance in high-stakes investing. 500% Stock Gains, $13M Bitcoin Projection: Microstrategy’s Wild Ride Microstrategy (Nasdaq: MSTR) Executive Chairman Michael Saylor shared a chart illustrating the performance of Microstrategy’s stock against other major investments on Thursday. Since […] Original

2 reasons MSTR stock fell as Bitcoin price rallied

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MicroStrategy stock price has dropped 27% from its highest level this year, despite Bitcoin reaching a record high. MSTR shares were trading at $390 on Dec. 6, continuing a decline that began on Nov. 21, when the stock peaked at $541. Even with this pullback, MicroStrategy remains one of the best-performing stocks this year, up over 500%, with a market cap exceeding $91 billion. It is also the top gainer in the Russell 2000 index. There are two possible reasons why the stock has retreated this month. First, this decline…

Japan’s Metaplanet to reward shareholders with Bitcoin for holding stock

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Metaplanet is set to distribute Bitcoin to shareholders through a lottery system, aimed at incentivizing participation in its new initiative with SBI VC Trade. Tokyo-listed firm Metaplanet has unveiled a new shareholder benefit program, offering Bitcoin (BTC) rewards through a lottery system as part of its collaboration with SBI VC Trade, a subsidiary of SBI Holdings. In an X post on Dec. 2, the Japanese investment firm said the initiative aims to enhance shareholder value by “providing Bitcoin-related benefits,” reflecting the firm’s commitment to “leveraging strategic partnerships” in the crypto…

buy Bitcoin than your stock

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Michael Saylor promised Microsoft’s board of executives to present Bitcoin advantages for the company in just 3 minutes, and he did. Executive Chairman of MicroStrategy, Michael Saylor, presented Bitcoin strategic reserve for Microsoft (MSFT) boards on Dec. 01 as he promised earlier. He highlighted that Bitcoin is a transformation of digital capital, and they need to adopt Bitcoin as part of their balance sheet in the next few years. Bitcoin is projected to be one of the biggest assets in the world and account for $280 trillion of global wealth,…