Tag: Stock

Metaplanet aims to raise $62m from Stock Acquisition Rights to buy more Bitcoin

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Metaplanet wants to raise $62 million from its upcoming series of stock acquisition rights to EVO Fund. The firm will use the funds to buy more Bitcoin for its treasury management. In a Nov. 28 press release, the Japanese investment firm announced its plans to issue its 12th Stock Acquisition Rights to EVO FUND, an investment management firm in the Cayman Islands, through a third-party allotment starting Dec. 16, 2024. Metaplanet will be issuing a total of 29,000 units. Each unit entitles EVO FUND to purchase 100 common shares. Each…

First Dogecoin ETP Launched on Sweden’s Spotlight Stock Market

Landmark moment for dogecoin as first exchange-traded product (ETP) launches on the Swedish Spotlight Stock Market. Traditional Finance Wants a Piece of DOGE The Valour Dogecoin, the first dogecoin (DOGE) ETP accessible in the Nordic region was launched on Tuesday by Valour Inc, a subsidiary of Defi Technologies. The listing on Sweden’s Spotlight Stock Market […] Source CryptoX Portal

Analyst reiterates ‘Buy’ rating on Bitfarms stock despite selloff

H.C. Wainwright & Co. analysts reiterated their “Buy” rating on Bitcoin mining company Bitfarms.  This rating follows a 15% decline in the stock price after Bitfarms announced delays to its year-end 2024 expansion targets, according to a note shared with crypto.news. While Bitfarms reported positive third-quarter results with revenue growth of 8% to $44.9 million, the company announced it would delay its hash rate goal—measuring its computing power in Bitcoin (BTC) mining — of 21 exahashes per second (EH/s) from late 2024 to early 2025. It also withdrew its 2025…

Coinbase stock breaks $300 for first time since 2021

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The crypto exchange is one of the big winners from the United States elections on Nov. 5. 4810 Total views 3 Total shares News COINTELEGRAPH IN YOUR SOCIAL FEED Shares of cryptocurrency exchange Coinbase Inc. (COIN) surged more than 20% on Nov. 11, pushing the stock past $300 for the first time since 2021. United States crypto stocks are seeing massive gains after Donald Trump’s victory in the presidential election, as many believe his win will benefit the industry, Cointelegraph Research said. “We see Coinbase as a beneficiary of the election results…

Bitcoin Stock To Flow Model Reveals $500,000 Price Target

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Michael Saylor’s MicroStrategy (MSTR) Tops Coinbase (COIN) as Biggest Crypto Stock

“MicroStrategy shareholders are a unique cohort. Typically, when shareholders get diluted, this is a bad thing,” said James Van Straten, senior analyst at CoinDesk. “However, as a MicroStrategy shareholder, I celebrate being diluted as I know MicroStrategy are going out and buying bitcoin, which increases the bitcoin per share as a company which is accretive for shareholder value.” Source

Hong Kong Stock Exchange To Launch Virtual Asset Index for Bitcoin and Ethereum Pricing in Asian Timezone: Report

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The largest stock exchange in Hong Kong has announced that it will launch a new crypto index to meet the increasing demand for digital assets. In a new announcement, Hong Kong Exchanges and Clearing Limited (HKEX) says it will launch its own “Virtual Asset Index Series” on November 15. The index will aim to provide a reliable benchmark for the pricing of Bitcoin (BTC) and Ethereum (ETH) in the Asian time zone while solving the price differences between the different global exchanges. According to HKEX, the index will be based…

Bitcoin Stock To Flow Model Shows Price Is Ready For Next Phase Transition Above $100,000

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Este artículo también está disponible en español. Bitcoin is on its way to retesting the $69,000 price level again in the early hours of Monday, October 28, as the bulls look to start the week on a positive note. A notable break above $69,000 would set the stage for a sustained rally in the coming months. Speaking of sustained rally, the Bitcoin Stock-to-Flow model is pointing to an interesting trend in the long-term outlook for Bitcoin. Particularly, crypto analyst Plan B made reference to the Stock-to-Flow model to suggest that…

MicroStrategy Stock Hits All-Time High As Bitcoin Breaks $67,000

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Este artículo también está disponible en español. Michael Saylor’s MicroStrategy is back in the news, with its stock trading at a 25-year high. TradingView’s recent data shows that MicroStrategy (MSTR) hit $235.89 in Thursday’s session. The stock’s price increased by more than 7% on October 25th. MicroStrategy’s price action last Thursday continued its 6-week rally and came ahead of its scheduled Q3 earnings report. Related Reading This week’s stock performance reflected the company’s consistent growth over the past few years. MicroStrategy has outperformed most of its peers in the S&P…