Stock Market | ForkLog

ForkLog 11 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 79 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 92 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 21 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 13 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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ForkLog 12 17.06.2024

Tether Co-founder Attributes New Crypto ETFs to Wall Street’s ‘Greed’

The momentum of cryptocurrency exchange-traded funds (ETFs) is unlikely to wane following the launch of Ethereum ETFs, as Wall Street’s ‘greed’ will ensure the emergence of new instruments, according to Tether and WAX co-founder William Quigley in a conversation with Decrypt. In his view, the drive of major financial players for maximum profit will likely […]

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ForkLog 13 13.06.2024

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

MicroStrategy plans to issue eight-year convertible senior unsecured notes amounting to $500 million for “acquiring additional bitcoins and funding general corporate purposes.” June 14, 2024 | 15:22Update: MicroStrategy has raised the target threshold for the bond issuance to $700 million. MicroStrategy Announces Pricing of Offering of Convertible Senior Notes $MSTR https://t.co/ejEbX1a7P9 — Michael Saylor⚡️ (@saylor) […]

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ForkLog 13 07.06.2024

Short Positions on MicroStrategy Stocks Surge to $6.9 Billion

The value of open short positions on MicroStrategy stocks has tripled over the past six months, reaching $6.9 billion, according to Cointelegraph. The securities of the “Bitcoin and related products developer” are among the 2500 largest shorts in the US stock market. The top position on the list is valued at $2.47 billion (ranked 27th). […]

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ForkLog 14 03.06.2024

GameStop Shares Surge 70% Following Roaring Kitty’s Investment Revelation

On June 3, GameStop (GME) shares on the Robinhood pre-market soared by 70% after Keith Gill’s $180 million position was disclosed. Gill, a former financial analyst and member of the WallStreetBets subreddit, is known by the alias The Roaring Kitty. In 2020, he spearheaded a retail traders’ “war” against Wall Street. Overnight, he posted a […]

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ForkLog 20 28.05.2024

Cryptocurrency ETFs Amass Over 1 Million BTC Under Management

Thirty-two exchange-traded funds based on various digital assets have accumulated over 1 Nakamoto (~$70 billion) under management, representing about 5% of the total bitcoin supply. This was highlighted by MicroStrategy founder Michael Saylor. 32 #Bitcoin Spot ETFs now hold ~1 Nakamoto of $BTC pic.twitter.com/OpHridlymc — Michael Saylor⚡️ (@saylor) May 27, 2024 As of May 24, […]

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