A closely followed crypto analyst says that a big stock market rally that will boost Bitcoin (BTC) and digital assets appears to be just over the horizon. In a new video update, Jason Pizzino tells his 348,000 YouTube subscribers that US stock markets look to be gearing up for another rally that will push Bitcoin […]
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On February 18, 2025, Japanese Bitcoin-standard company Metaplanet announced a stock split aimed at improving liquidity and expanding its investor base. Following a significant rise in stock price after a reverse split in August 2024, the company will split each share of common stock into 10 shares, effective April 1, 2025. This decision comes as […]
Gamestop is rumored to be exploring allocations in bitcoin as it seeks to broaden its financial horizons, according to individuals with knowledge of the situation who spoke to CNBC. 3 Sources Say Gamestop Is Considering Bitcoin for Balance Sheet Expansion The videogame purveyor, Gamestop (NYSE: GME)—which soared to cult-favorite status during 2021’s retail trading frenzy—has […]
Software development firm MicroStrategy (MSTR) is announcing a massive new stock offering to raise funds for accumulating more Bitcoin (BTC). In a new press release, the business intelligence company says it is setting the price of its perpetual strike preferred stock offering at $80 per share with the hopes of obtaining $563.4 million, some of […]
The post MicroStrategy Announces $563,400,000 Stock Offering, Says Part of Proceeds Will Be Used To Acquire More Bitcoin appeared first on The Daily Hodl.
Fundstrat chief investment officer Tom Lee says the market sell-off triggered by the release of low-cost Chinese artificial intelligence (AI) model DeepSeek is an overreaction. In a new interview on CNBC’s “Closing Bell,” Lee says that Monday’s market correction is likely an opportunity for long-term investors. Stocks and crypto plummeted on Monday as investors processed […]
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As U.S. and European equities faltered on Monday amid a surge of interest in the artificial intelligence (AI) platform Deepseek, publicly traded bitcoin mining companies faced significant setbacks during the market downturn. Bitcoin Mining Stocks Suffer Heavy Losses A total of 32 publicly traded mining firms endured sharp declines yesterday, largely attributed to the market […]
Bloomberg Intelligence senior macro strategist Mike McGlone is warning that gold’s strong 2024 performance may be a bearish signal for Bitcoin (BTC) and other risk assets. McGlone says that gold has been outperforming the markets, suggesting that investors are moving their wealth into the precious metal as the preferred safe haven asset amid concerns of […]
The post Gold’s Outperformance in 2024 ‘May Not Be a Good Sign’ for Bitcoin and Other Risk Assets, Says Bloomberg Analyst appeared first on The Daily Hodl.
Several billionaire money managers have modified their portfolios and poured about $1.8 billion into new assets, according to a new report. Billionaires Philippe Laffont, Stanley Druckenmiller, Chase Coleman, Stephen Mandel and Larry Robbins are accumulating AI-centered equities, reports The Motley Fool. The investors have specifically targeted US semiconductor and software giant Broadcom (AVGO), purchasing a […]
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While firms like Tesla are already in the S&P 500, VanEck’s Matthew Sigel says Block Inc. could be the first company in the index with an “explicit strategy” for accumulating Bitcoin.
Financial services and digital payments company Block Inc. may become the first company with an “explicit” Bitcoin strategy to be listed in the S&P 500, according to the head of digital assets research at VanEck, Matthew Sigel.
Sigel explained his reasoning on X on Jan. 9, stating that for a stock to be added to the index, which comprises the stocks of the top 500 US companies by market capitalization, six main criteria must be met.
To get listed, the firm must have a market cap greater than $18 billion, a public float of greater than 10%, and the most recent quarter’s earnings should be positive. The sum of the previous four quarters’ GAAP (Generally Accepted Accounting Principles) earnings should also be positive; it should have high liquidity, more than 12 months of IPO (Initial Public Offering) seasoning, and be domiciled in the United States, said the VanEck executive.
The creator of Base, the blockchain of top US-based crypto exchange Coinbase, says that the company’s stock (COIN) could soon become available on-chain. In a new thread on the social media platform X, Base developer Jesse Pollak says that eventually, every asset in the world will be on Base, including COIN. However, Pollak notes that […]
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