Hut 8 Corp., a major player in energy and Bitcoin mining based in Miami, has announced its recent purchase of around 990 Bitcoin for approximately $100 million. This acquisition brings its total Bitcoin reserve to 10,096, valued at over $1 billion, making it one of the largest corporate holders globally. The firm has employed a ...
Bitcoin has bounced back above $100,000 after dipping below that mark, driven by traders looking for bargains. The cryptocurrency climbed to a high of $101,700 after hitting a low of $98,500 the previous day. This recovery comes despite mixed signals from the Federal Reserve, which has announced plans to cut interest rates, but only twice ...
Peter Schiff, a financial Market commentator, has challenged Michael Saylor’s comparison of MicroStrategy’s Bitcoin acquisition strategy to Manhattan real estate. Schiff emphasized that while real estate generates rental income that can cover debt payments, Bitcoin does not provide any income to service loans. This debate comes as Saylor defends MicroStrategy’s debt-fueled Bitcoin purchases, likening them ...
Brennan and Erin Schlagbaum, a couple who paid off significant student loan and mortgage debt in their 20s, transformed their finances by focusing on saving and investing. With low living expenses, they saved most of their income, primarily investing in low-cost ETFs. As of December 2024, their brokerage account exceeded $1 million. They recently switched ...
Recent trading activity in put options linked to BlackRock’s Nasdaq-listed spot bitcoin ETF (IBIT) has raised eyebrows, as over 13,000 contracts of the $30 out-of-the-money put option changed hands. This could suggest bearish sentiment, but experts believe that many Market participants are using a strategy called “cash-secured put selling.” Instead of betting against the ETF, ...
MicroStrategy’s shares rose over 5% in premarket trading after the Nasdaq announced that the company will join the Nasdaq-100 index starting December 23. This move comes amid a remarkable 547% stock increase this year, significantly outperforming the S&P 500. MicroStrategy, led by CEO Michael Saylor, has built a substantial Bitcoin reserve, owning over 420,000 bitcoins, ...
Tom Lee, head of research at Fundstrat Global Advisors, has made a name for himself with accurate predictions about the stock Market and Bitcoin. After correctly forecasting a 24% rise in the S&P 500 last year, he now anticipates Bitcoin will reach $250,000 by 2025, indicating a potential 150% gain from its current price around ...
Palantir Technologies is making headlines as it has been added to the Nasdaq-100 index, a group of the largest non-financial companies on the Nasdaq stock exchange. This announcement came on Friday evening, just before the weekend, and is anticipated to increase demand for Palantir’s stock, given the visibility that comes with index membership. Recently, Palantir’s ...
XRP, the digital token connected to Ripple, is gaining significant attention in the cryptocurrency Market after a remarkable increase in value from $0.50 to $2.41, representing a 292.55% rise this year. Analysts suggest that, following a brief Market correction, XRP could reach potential highs of $4 or even $48 in the future. Ripple’s recent approval ...
Riot Platforms, Inc. shares rose 9.15% following a report that activist investor Starboard Value has acquired a stake in the bitcoin mining company. Starboard is urging Riot to shift part of its bitcoin mining operations to data centers that could support big tech companies like Amazon and Google. Riot’s management has welcomed Starboard’s input and ...
