Strategy’s third-quarter net income was down from its record $10 billion in Q2, but still lifted its shares after the bell.
Stocks News
In the realm of finance, stocks represent ownership shares in a company and provide investors with a stake in its assets and earnings. Publicly traded stocks are bought and sold on stock exchanges, reflecting the company’s performance and investor confidence.
The concept of stocks in the cryptocurrency world translates into different tokens or digital assets that stand in for ownership in blockchain-based platforms or projects. These cryptocurrency tokens, which are frequently a part of decentralized finance projects, give their owners dividends or the ability to vote on the project’s outcome.
Additionally, initial public offerings have found their counterparts in the crypto world through initial coin offerings (ICOs) and security token offerings (STOs). ICOs allow crypto startups to raise funds by offering their native tokens to investors. Similarly, STOs issue security tokens, representing ownership in the company and adhering to regulatory guidelines. A notable example is Coinbase, a prominent cryptocurrency exchange that went public through a direct listing, allowing traditional investors to participate in the crypto market indirectly.
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CEO David Bailey told Forbes he plans to fold Bitcoin Magazine, the Bitcoin conference and hedge fund 210k Capital into Nakamoto Holdings to boost cash flow.
2837 - Market Update
Bitcoin diverged from US stocks to give up $116,000 local highs while the S&P 500 reached record levels into the Fed interest-rate decision.
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European crypto asset manager CoinShares rolled out exposure to Telegram-linked TON via an ETP, despite the token plummeting almost 60% year-to-date.
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Metaplanet’s market-based net asset value (mNAV) fell to 0.88 last week, prompting the Tokyo-listed Bitcoin treasury company to launch the Bitcoin-backed share buyback.
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Strategy posted few BTC buys in October, with only 778 BTC purchased, down 78% from 3,526 BTC in September.
3027 - News
Bitcoin, which had been the main driver of crypto ETP outflows a week earlier, almost fully recovered its losses with $931 million in inflows last week.
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Shares of leading Bitcoin mining companies rose after Jane Street disclosed new holdings, extending a months-long rally across publicly traded mining stocks.
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JPMorgan sees Coinbase unlocking billions through its Base layer-2 network and USDC rewards overhaul, lifting its price target and fueling a stock rally.
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After its latest modest purchase, Michael Saylor’s Strategy has 59,582 BTC to go before hitting 700,000 BTC on its balance sheet.
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Onchain investors were more bearish about the Binance liquidity cascade, while crypto ETP traders largely shrugged off the Friday crash, according to CoinShares.
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Bitcoin treasury firms saw NAV premiums collapse as retail lost billions, but the reset created entry points for a new era of skilled asset managers, say researchers.
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In a letter to the US regulator, Ondo argued that Nasdaq’s plan relies on undisclosed settlement details that could favor big players.
7680 - How to
The choice between Bitcoin and stocks isn’t simple. Here’s how analysts and data reveal how investors can approach it.
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Analysts say confusion over China’s export rules rattled markets before Bitcoin miners led a swift recovery on Monday.
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