#Cryptocurrency Stocks to watch (OTCQB: $INTV) (NASDAQ: $MARA) (NYSE: $SQ) (OTC: $GBTC) - #Millennials and Institutional Interest Drives New Demand for #Bitcoin
#Cryptocurrency Stocks to watch (OTCQB: $INTV)
(NASDAQ: $MARA) (NYSE: $SQ) (OTC: $GBTC) - #Millennials and Institutional
Interest Drives New Demand for #Bitcoin
Point
Roberts WA, Vancouver BC – August 10, 2020
– Investorideas.com, a global investor news source covering
cryptocurrency and blockchain issues a sector snapshot looking at recent news
and developments, featuring Integrated Ventures Inc. (OTCQB: INTV).
Read this article
featuring INTV in full at https://www.investorideas.com/news/2020/crypto-corner/08101INTV-MARA-SQ-GBTC-Bitcoin.asp
Bitcoin and all major cryptocurrencies have
seen not only a massive surge in prices recently but also a huge growth in both
acceptance and interest in crypto as a replacement for and a hedge against
traditional money and finance. The demand is driven by both millennials and
institutional investors.
Matt
Luongo, CEO of Thesis recently reported, “Millennial
finance is premised on the ability of new technologies to fundamentally and
permanently reshape how the money system operates in both form and function.
This isn’t just theory. It’s happening now, and millennials are leading the
charge. The success of platforms like Robinhood, Acorns and Wealthfront demonstrates the
potency of this movement and underscores millennials’ thirst for options beyond
the traditional banks and brokerage houses.”
“But
these apps are only the tip of the iceberg. Their fundamental innovation is
around user experience; they ultimately use the same financial infrastructure
that legacy banks and wealth managers do. Millennial finance has more in store
– and cryptocurrencies will be key. Rather than building a better train to run
over the same old rails, crypto lets us build new, open, peer-to-peer rails.”
Forbes reported, “Institutional
demand for bitcoin is soaring amid the coronavirus crisis, with multi-billion
dollar bitcoin and crypto-asset manager Grayscale reporting its biggest-ever
quarterly inflows of almost $1 billion.”
Previously involved
in the crypto sector and now seeing significant opportunities ahead, Integrated
Ventures Inc. (OTCQB: INTV) just reported the execution of a $1,000,000 Term Sheet with
Eagle Equities, LLC and updated shareholders with recent corporate
developments.
From the news: The Company has agreed and executed Term Sheet with Eagle
Equities, LLC for Private Placement, in the amount of $1,086,956, which will be
used to expand cryptocurrency operations and to support future acquired
operations. Use of proceeds: (1) purchases of 500 (*) assorted mining rigs:
Antminer S17/S19, WhatsMiner and Innosilicon A10 and (2) deployment of the
capital to support potential M&A transactions (**).
From
the news: The Company has decided to diversify
its business operations, by expanding its focus from cryptocurrency mining
operations to aggressive pursuit and implementation of M&A roll-up, a
growth driven strategy seeking to achieve, above market, risk-adjusted returns,
primarily by targeting: (1) companies in financial distress, (2) undergoing a
turnaround or (3) undervalued companies that are looking for financial
assistance, due to the current economic conditions. Integrated Ventures intends
to acquire, merge-in and consolidate underperforming companies, mainly in the
technology sector, which will allow INTV to combine all financial and
management resources together, to cut down operational costs, and to increase
the Company's revenues and market cap.
From
the news: To assist with execution of roll-up
strategy, the Company plans to engage a business consulting group, with
verifiable revenue generating M&A targets. These pre-vetted targets have a
history of 2+ year operations with consistent revenues and EBITDA margins of
10%+. The Company intends to pursue such acquisitions, by offering below market
multiples to the revenues with 10%-15% in cash and common stock. As of today,
the Company has identified 2 such targets and if successful in closing these 2
deals, Integrated Ventures annual sales are expected to reach around $5.5
million.
Integrated Ventures CEO, Steve Rubakh,
commented, “The Company plans to diversify and expand its operations, by
acquiring revenue generating assets that are available at below market pricing.
We intend to assemble a team consisting of experienced and seasoned business
professionals, ready to execute a value driven approach, thru a bottom-up
research and due diligence process that seeks to capitalize on unique market
opportunities.
Continued: “We
believe that this new business strategy offers an exciting path forward and
will significantly increase Company's assets, market valuation and result in an
increase in shareholder's value.”
With the funding,
Integrated Ventures intends to focus on the following sectors: Data Center –
Design Construction & Management, Cryptocurrency-
Mining and Equipment Sales, DeFi Blockchain – Investments, Applications &
Node Operations and E-Commerce & Information Technology Consulting
Services.
Grayscale Investments, (OTC: GBTC)
the world’s largest digital currency asset manager, recently announced that
Shares of both Grayscale® Bitcoin Cash Trust and Grayscale® Litecoin Trust have
received approval from FINRA for public quotation under symbols: BCHG and LTCN
respectively on OTC Markets, marking the introduction of the first
publicly-quoted securities in the U.S deriving value from Bitcoin Cash (BCH)
and Litecoin (LTC).
The Trusts are open-ended trusts
sponsored by Grayscale and are intended to enable exposure to the price
movement of the Trusts’ underlying assets through a traditional investment
vehicle, avoiding the challenges of buying, storing, and safekeeping digital
Bitcoin Cash or Litecoin directly.
BCHG and LTCN represent Grayscale’s fifth and
sixth publicly-quoted investment products. Grayscale® Bitcoin Trust (OTCQX:
GBTC), Grayscale® Ethereum Trust (OTCQX: ETHE), Grayscale® Ethereum Classic Trust (OTCQX: ETCG), and Grayscale® Digital Large Cap Fund (OTCQX:
GDLC) are also publicly-quoted and available to all
investors with access to US securities. Investors will be able to find current
financial disclosure and Real-Time Level 2 quotes for Shares on www.otcmarkets.com/stock/BCHG/overview once trading for BCHG commences and www.otcmarkets.com/stock/LTCN/overview once trading for LTCN commences.
A stock that has been on fire with higher than normal trading volumes,
Marathon Patent Group, Inc. (NASDAQ:MARA) one of the few Nasdaq listed cryptocurrency
mining companies in the United States, recently announced the purchase of 700 next generation M31S+ ASIC
Miners from MicroBT. The miners are expected to arrive mid-August.
From the news: Additionally, Bitmain has notified the Company that
660 of the 1,660 Bitmain S-19 Pro Miners previously purchased will be delivered
in mid-August.
From the news: Marathon’s Chief Executive Officer, Merrick
Okamoto, stated, “In the past few months, we have heavily invested in our
business through the purchase of now 3,020 next generation miners. We currently
have 700 M31S+ miners operational producing 56 PH/s.”
From the news: Okamoto continued, “Upon delivery and installation
of the 1,360 miners due to arrive in August, the company will have 2,060 Miners
operational, producing 184 PH/s. As a result, the Company's aggregate hashing
power capacity would increase by 320% from the current level of 56 PH/s. Based
on current Bitcoin prices, the company would expect to become cash flow
positive.
From the news: The 1,000 remaining S-19 Pro Miners due to arrive
in the 4th quarter will produce an additional 110 PH/s, which when installed
will give the Company an aggregate Hashpower of 294 PH/s.
How big is the opportunity for companies in
the sector? Crypto Corner
reported,
“Financial services firm Square, Inc. (NYSE: SQ) reported in a
letter to shareholders, that it generated $875 million of bitcoin revenue and
$17 million of bitcoin gross profit during Q2 2020 on its Cash App. This
represents a revenue increase of 600 percent year over year, something the letter
ascribes to “an increase in bitcoin activities and growth in customer demand.”
As of June, the company boasted “more than 30 million monthly transacting
active customers,” on its Cash App.”
For investors following the
sector Investor Ideas has a comprehensive Bitcoin,
Blockchain and Digital Currency Stocks Directory
Also
visit the Crypto
Corner podcast
and commentary on what’s driving cryptocurrency stocks and the crypto market.
About Investorideas.com - News that Inspires Big
Investing Ideas Investorideas.com
is a recognized news source publishing third party news and press releases plus
we create original financial content. Learn about investing in stocks and sector trends
from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto,
technology including AI and IoT ,
mining ,sports biotech, water, renewable energy and more . Investorideas.com
original branded content includes the daily Crypto Corner and Podcast, Play
by Play
sports and stock news column, Investor Ideas #Potcasts #Cannabis News and
Stocks on the Move podcast and column,
Cleantech and Climate Change Podcast and
the AI
Eye Podcast
and column covering developments in AI.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party
sourced news, articles and equity research as well as creates original content,
including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investment involves risk and
possible loss of investment. This site is currently compensated for news
publication and distribution, social media and marketing, content creation and
more. Contact each company directly regarding content and press release
questions. Disclosure is posted for each compensated news release, content
published /created if required but otherwise the news was not compensated for
and was published for the sole interest of our readers and followers.
Disclosure: this news release featuring INTV is a paid for news
release/article on Investorideas. More
disclaimer info:
https://www.investorideas.com/About/Disclaimer.asp,http://www.investorideas.com/About/News/Clientspecifics.asp Learn more about publishing your news release
and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Please read
Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Follow
us on Twitter https://twitter.com/Investorideas
Follow
us on Facebook https://www.facebook.com/Investorideas
Follow
us on YouTube https://www.youtube.com/c/Investorideas
Download
our Mobile
App
for iPhone and Android
Join
our Investor Club https://www.investorideas.com/membership/
Contact
Investorideas.com
800
665 0411
nice article
ReplyDelete