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ForkLog 105 25.03.2025

Standard Chartered Finds Bitcoin Outperforms Tesla

A hypothetical version of the Mag 7 index created by Standard Chartered, replacing Tesla with Bitcoin, demonstrated superior returns compared to the original. This was reported by The Block, citing the bank’s report. The Mag 7 includes the so-called tech ‘Magnificent Seven’ — Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla. Jeffrey Kendrick, head of […]

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ForkLog 230 18.03.2025

Strategy Seeks $500 Million for Bitcoin Purchases via Stock Offering

Strategy (formerly MicroStrategy) plans to issue an additional 5 million Class A preferred shares at $100 each. Strategy today announced the launch of $STRF (“Strife”), a new perpetual preferred stock offering, available to institutional investors and select non-institutional investors. For more information, click here. $MSTR https://t.co/XM7XbMepEY — Michael Saylor⚡️ (@saylor) March 18, 2025 The firm […]

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ForkLog 8 22.01.2025

Cryptocurrency Stocks Diverge from Bitcoin’s Trajectory

On January 21, shares of American cryptocurrency companies closed lower, despite a recovery in Bitcoin. Over the past 24 hours, digital gold has appreciated by 4% and is trading around $105,500 at the time of writing. Hourly chart of BTC/USDT on Binance. Data: TradingView. However, the stock price of Bitcoin miner CleanSpark fell by 7.67% […]

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ForkLog 17 31.12.2024

MicroStrategy Shares Plunge 44% from All-Time High

On December 30, MicroStrategy’s stock closed at $302.96, marking a 44% decline from its all-time high of $543. Daily chart of MicroStrategy shares. Data: Finviz. Since the beginning of the year, the company’s shares have surged by 379.7%, including a 79.7% rise in the last quarter. This coincided with an aggressive Bitcoin accumulation strategy during […]

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ForkLog 14 26.12.2024

Crypto Stock Winners and Losers of 2024

The year 2024 brought significant developments for the crypto industry: another halving, the launch of several cryptocurrency ETFs, and excitement over the change of power in the United States spurred market growth. Throughout 2024, the price of Bitcoin rose by 125%, while the S&P 500 index increased by 25%. Chart of the total cryptocurrency market […]

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ForkLog 8 25.12.2024

Coinbase CEO Profits Billions Following Trump’s Election Victory

Coinbase CEO Brian Armstrong, Ripple Labs CEO Brad Garlinghouse, and Andreessen Horowitz (a16z) leaders Marc Andreessen and Ben Horowitz reaped billions of dollars in profits following Donald Trump’s victory in the U.S. presidential election, reports CoinDesk. According to the publication’s calculations, Armstrong garnered approximately $437 million from selling Coinbase shares in the weeks following the […]

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ForkLog 23 25.12.2024

Bitcoin Miners’ Stocks Diverge from Bullish Trend

Since the beginning of the year, Bitcoin’s price has surged by 113%, yet the shares of most mining companies have ended up “in the red” during this period, as noted by Cointelegraph. Out of 25 public miners, only seven have yielded profitable stock returns in 2024: Core Scientific (CORZQ) — shares increased by 327%; TeraWulf […]

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ForkLog 7 16.12.2024

MicroStrategy Acquires 15,350 BTC for $1.5 Billion

Between December 9 and 15, MicroStrategy purchased 15,350 BTC for $1.5 billion, equating to $100,386 per coin. This was announced by the company’s founder, Michael Saylor. MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 […]

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ForkLog 18 13.12.2024

Riot Shares Surge Amid Potential AI Pivot

On December 12, Riot Platforms’ shares jumped nearly 5% following news of Starboard Value acquiring a stake in the bitcoin miner. Meanwhile, the S&P 500 index declined by 0.5% that day. Data: Yahoo Finance. On Thursday morning, The Wall Street Journal reported that Starboard Value had acquired a “significant” stake in Riot. The buyer is […]

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ForkLog 6 09.12.2024

MicroStrategy Acquires 21,550 BTC for $2.1 Billion

MicroStrategy has acquired an additional 21,550 BTC for $2.1 billion, as announced by the company’s founder, Michael Saylor. MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per […]

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ForkLog 6 02.12.2024

MicroStrategy Acquires 15,400 BTC for $1.5 Billion

MicroStrategy has acquired an additional 15,400 BTC, as announced by the company’s founder, Michael Saylor. MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR https://t.co/K3TK4msGp0 […]

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ForkLog 18 24.10.2024

TeraWulf to Raise $350 Million for Share Buyback

Mining company TeraWulf will issue convertible senior notes worth $350 million, maturing in February 2030. The firm will offer buyers an option to purchase an additional $75 million in corporate bonds. Interest on the notes will be paid annually. TeraWulf plans to use the funds for a board-approved $200 million share buyback program and for […]

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