Strategy is increasing its program of preferred stocks to buy more Bitcoins as it seeks to reduce the impact of market volatility. The company wants to continue accumulating Bitcoin while also limiting the volatility that often rattles its common shares. The new preferred product, called “Stretch,” pays a variable dividend
Three US stock indexes have ended Friday on a high note, possibly paving the way for a surge in the global crypto market. It comes around the time when India & the US announced interim deals and Mary Daly expressed the need for further rate cuts. Kalshi Traders expect lower
Strive, a fund management company founded by former US Presidential candidate Vivek Ramaswamy, is on the brink of raising as much as $150 million via a preferred stock offering. The funds raised will be used for paying off debt and buying more Bitcoin. This is a positive development for Strive,
Metaplanet witnessed a significant surge of 26.49% on June 6 following the announcement of a massive $5.4 billion fundraise via an equity financing plan, for extra BTC purchases. The trading day closed at $11.65 and is up 245% in the past month. The market expert predicts that it can still
Coinbase crypto exchange is making headlines in the crypto verse with its entry in the S&P 500. It will be the first crypto company to be included in the S&P 500. As the news came out, the company’s stock price jumped more than 8%. The inclusion in the index will
Christopher DeVocht, the investor who turned an $88,000 investment into $415 million through Tesla stock, is now suing his financial advisors after losing his entire fortune. Initially, DeVocht made huge gains by capitalizing on Tesla’s skyrocketing stock price. However, his luck changed when the market dipped, ultimately wiping out his
The U.S. Securities and Exchange Commission has continuously taken action against the rapidly evolving crypto industry. Recently, the SEC’s lawsuit against the leading crypto exchanges raised the question among the crypto community of whether the SEC had decided to put an end to the crypto industry in the United States.
Elon Musk, the CEO of Tesla, claims that he will not sell any more Tesla stock shares for around two years. During a Twitter Spaces audio chat held on Thursday, Musk disclosed that the economy will be in a severe recession in 2023, with decreasing demand for big-ticket items. Elon
The current pump in the market has persuaded the value of crypto-based stocks. Coinbase climbed 9% in a day, according to Nasdaq. Other crypto-based companies also see a rise in their stock values. Considering the condition of the current market, it seems to be a relief for crypto users as
Robinhood’s crypto exchange transactions are down for Q3. In turn, the HOOD stock prices tumbles down by 10%. Robinhood exchange pulls out surveys upon its users of the crypto traded upon the firm. In spite of the month of October, being highly prolific for the entire crypto industry, sadly for
