A growing number of Hong Kong-listed firms are snapping up cryptocurrency on the back of rising bitcoin prices and the popularity of digital asset treasury (DAT) companies in the US. Investment bank China Renaissance, which helped fund many leading Chinese tech firms, and Yunfeng Financial Group, backed by Alibaba Group Holding founder Jack Ma, are…
MicroStrategy recently announced a $4.2 billion follow-on equity offering and added Peter L. Briger, Jr. to its Board. These corporate maneuvers and a 45% price increase could reflect a positive response to its product innovations such as Strategy Mosaic and index reclassification to the Russell Top 200 indexes. Although the broader market was flat recently,…
Photo: David Paul Morris/Bloomberg (Getty Images) In This Story The S&P 500 and Nasdaq Composite indexes fell sharply Tuesday after February consumer confidence missed expectations, coming in at 98.3 compared with the consensus of 103.0, and down from 105.3 in January. It was the worst decline since August. U.S. government debt rallied and the dollar…
Photo: Spencer Platt (Getty Images) In This Story U.S. stocks were little changed in early Tuesday trading as global trade tensions intensified. President Donald Trump reaffirmed that tariffs on imports from Canada and Mexico will proceed once the current 30-day reprieve expires. Additionally, his administration is reportedly pushing for stricter U.S. semiconductor restrictions while urging…
On Monday, MicroStrategy (MSTR) will be included in the Nasdaq 100 stock market index. It’s a stunning achievement for the now infamous Bitcoin treasury company, which faced an “existential risk” of death four years ago, and whose initial bitcoin purchase was made “out of desperation” in 2020, said its chairman and co-founder Michael Saylor last…
These Stocks Are Moving the Most Today: Super Micro, MicroStrategy, Palantir, Tesla, Broadcom, Ford, and More Super Micro stock will be removed from the Nasdaq 100 index while a report says the server maker is seeking to raise capital, Palantir and MicroStrategy will join the Nasdaq 100 and MicroStrategy gets a further boost from Bitcoin’s…
(Bloomberg) — Michael Saylor’s MicroStrategy Inc. checks all the boxes for inclusion in the Nasdaq 100 Index, a development that would trigger purchases of the shares by the $451 billion worth of exchange-traded funds around the world that directly track the benchmark. Most Read from Bloomberg Yet market watchers are entertaining the possibility it gets…
MicroStrategy (NASDAQ:MSTR) is making waves as its stock soars an eye-popping 540% year-to-date, largely thanks to its relentless Bitcoin (BTC-USD) buying spree. The company recently added 21,550 bitcoins to its wallet, bringing its total to a jaw-dropping 423,650 coinsmore than 2% of all Bitcoin in circulation. And with Bitcoin flirting with the $100,000 mark, analysts…
MicroStrategy stock has jumped a couple of places to No.5 on the list of the most popular Reddit stocks, According to ApeWisdom. The stock has attracted 137 mentions and 1,325 Upvotes. Driven by Bitcoin’s rally over the $100,000 mark, which greatly raised the value of its assets now valued upwards of $42 billion, MicroStrategy’s stock…
(Bloomberg) — MicroStrategy Inc. (MSTR) bought another $2.1 billion in Bitcoin while its combination of equity and fixed-income securities sales to finance the rapidly increasing acquisitions draws increased scrutiny. Most Read from Bloomberg It was the fifth consecutive Monday that the Tysons Corner, Virginia-based firm announced purchases of the digital asset. Co-founder and Chairman Michael…