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ForkLog 18 14.12.2024

MicroStrategy Joins Nasdaq-100 Index

Nasdaq announced that Michael Saylor’s company, MicroStrategy (MSTR), will be added to the Nasdaq-100 starting December 23.

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ForkLog 148 11.12.2024

MicroStrategy Shares Poised for Surge Amid Nasdaq 100 Inclusion

The momentum for MicroStrategy (MSTR) is expected to continue, with potential inclusion in the Nasdaq 100 index this month and increased focus on cryptocurrencies in the United States. This was stated by Bernstein experts, as reported by The Block. On December 10, Bloomberg analyst James Seyffart suggested that the announcement of MSTR’s inclusion in one […]

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ForkLog 10 12.11.2024

MicroStrategy Shares Hit Record High, Coinbase Reaches Peak Since November 2021

On November 11, MicroStrategy’s stock price reached a new all-time high of $351.73, marking a year-to-date growth of 438.3%. The surge was driven by a cryptocurrency market rally following Donald Trump’s victory in the U.S. presidential election. Daily chart of MSTR. Data: Finviz. MicroStrategy’s market capitalization jumped by 25.7% to $68.9 billion. According to Bloomberg […]

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ForkLog 6 06.11.2024

Trump’s Victory Spurs Over 10% Surge in Cryptocurrency Company Stocks

The market capitalisation of companies linked to the digital asset industry rose by more than 10% in pre-market trading following Bitcoin’s ascent to a new ATH above $75,000. The catalyst was Donald Trump’s victory in the US presidential election. At the time of writing, shares of MicroStrategy had increased by 13.1%, while Coinbase saw a […]

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ForkLog 57 21.10.2024

Public Miners’ Share of Bitcoin Hashrate Reaches Record 28.9%

The hashrate of fourteen US-listed mining companies reached 28.9% of the total in October, according to data from JPMorgan, as reported by CoinDesk. Since the beginning of the year, firms tracked by the bank have increased this metric by approximately 70% annually, from 114 EH/s to 194 EH/s, while the overall computational power grew by […]

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ForkLog 10 15.10.2024

Russian Miners Advocate for Stock Market Access

The legalisation of mining in Russia could enable major industry players to go public. This perspective was shared by Intelion Data Systems CEO Timofey Semenov at the Mining.ru forum, reports RBC. Going public would serve as a tool for attracting financing, a resource the industry currently lacks, the expert noted. On July 30, the State […]

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ForkLog 34 03.10.2024

Bybit Lists Perpetual Contracts Based on Stock Indices

The cryptocurrency exchange Bybit has expanded its range of available instruments by adding perpetual contracts based on popular stock indices, settled in USDT. These include: China A50 Index Cash CFD (USD); Dow Jones Index Cash CFD (USD); NAS100 Cash; Nikkei Index Cash CFD (JPY); Hang Seng Index Cash CFD (HKD). Leverage ranges from 20x to […]

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ForkLog 6 25.09.2024

MicroStrategy Explores Bitcoin Lending, Says Benchmark

MicroStrategy may diversify its bitcoin asset revenues by offering loans in the leading cryptocurrency, according to a hypothesis proposed by Benchmark, reports The Block. Experts believe such an initiative could offset interest payments on debts and bolster its assets without concerns over excessive leverage or shareholder dilution. Analysts recalled MicroStrategy’s raising of $1.01 billion through […]

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ForkLog 87 17.09.2024

MicroStrategy to Issue $700 Million in Convertible Bonds for Bitcoin Acquisition

MicroStrategy plans to issue four-year senior unsecured convertible bonds worth $700 million for “acquiring additional bitcoins and funding general corporate purposes.” MicroStrategy Announces Proposed Private Offering of $700M of Convertible Senior Notes $MSTR https://t.co/OCq7wj2u0P — Michael Saylor⚡️ (@saylor) September 16, 2024 $500 million of the raised funds will be used to repay the remaining principal […]

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ForkLog 8 23.08.2024

JPMorgan Assesses US Bitcoin Mining Market at $74 Billion

The US market for mining the leading cryptocurrency is valued at $74 billion, according to estimates from JPMorgan, reports CoinDesk. This figure corresponds to the value of 1.3 million BTC available for mining at current price levels, the institution explained. The report indicates that block formation revenues over the next four years will amount to […]

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ForkLog 20 24.06.2024

Japanese Firm Metaplanet to Raise $6.3 Million for Bitcoin Acquisition

The publicly traded company Metaplanet announced its intention to issue unsecured bonds worth 1 billion yen ($6.26 million) to purchase digital gold. The interest rate on these securities will be 0.5%. The bond’s maturity and coupon payment period is set for one year. The market reacted positively to the company’s plans. Metaplanet’s shares rose by […]

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ForkLog 12 17.06.2024

Public Miners’ Market Capitalisation Hits Record $22.8 Billion

On June 15, the market value of 14 US-listed mining companies tracked by JPMorgan reached an all-time high of $22.8 billion, according to CoinDesk. Analysts noted that in the previous two weeks, the stock prices of nearly all companies in the sample outperformed Bitcoin, as investors reacted positively to news of Core Scientific’s (CORZ) deal […]

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