#CryptoCorner #Podcast 520: #Stocks discussed (NasdaqGS: $MSTR) (NYSE: $WBAI) (CSE: $NC.C) (TSXV: $BNXA.V)
#CryptoCorner #Podcast 520: #Stocks discussed (NasdaqGS: $MSTR) (NYSE: $WBAI) (CSE: $NC.C) (TSXV: $BNXA.V)
MicroStrategy Buys
Another $10 Million in BTC, 500.com Enters Purchase Agreement for #Bitcoin
Mining Machines, NetCents Agrees to White Label #Crypto Exchange, Banxa Reports
Record Growth for January 2021, and Coinbase Chooses #Nasdaq for Listing
Point Roberts, WA, Delta BC February 2, 2021 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.
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Stocks discussed: (NasdaqGS:MSTR) (NYSE:WBAI) (CSE:NC)
(TSXV:BNXA)
Business
intelligence firm MicroStrategy Incorporated (NasdaqGS:MSTR)
has made another Bitcoin (BTC) purchase, according to an SEC filing published today. The document indicates
that MicroStrategy “had purchased approximately 295 bitcoins for $10.0 million
in cash, at an average price of approximately $33,810 per bitcoin,” bringing
the company’s total to “approximately 71,079 bitcoins that were acquired at an
aggregate purchase price of $1.145 billion and an average purchase price of
approximately $16,109 per bitcoin.”
Chinese online
sports and lottery firm 500.com Limited (NYSE:WBAI) announced today that it has entered into a definitive purchase agreement
for 5,900 bitcoin mining machines, for a total consideration of about $8.5
million USD, with delivery expected for the second quarter of 2021.
Additionally, 500.com has entered into a framework agreement wherein it will
“purchase up to 10,000 bitcoin mining machines in 2021, subject to availability
and certain other conditions.” This total of 15,900 bitcoin mining machines
will increase the firm’s total hash rate “by approximately 1,000 petahashes per
second (PH/S).”
NetCents Technology
Inc. (CSE:NC) has agreed to white label its crypto
exchange. The company’s CEO, Clayton Moore, explained:
"The whitelabel opportunity is fantastic for us
because we have already made the massive investment required to launch an
exchange. The ability to generate revenues from expenditures that we have
already made - is obviously a great proposition. The additional benefit is that
we will find more liquidity that our merchants can tap into as they accept a
higher percentage of their revenues in cryptocurrency. It is always good to add
new revenue streams to the Company as well - we have millions of dollars of
technology that can be monetized beyond their original deployment."
Digital assets
Payment Service Provider (PSP) Banxa Holdings Inc. (TSXV:BNXA) announced record Total Transaction Value (TTV)
growth for January 2021 of $53.7 million CAD. This represents a more than 1000
percent increase over January 2020 PCP, according to the press release.
The Block reports that US-based crypto
exchange giant Coinbase “has chosen Nasdaq as the venue for its direct
listing.” The following excerpt provides some insight into the listing:
On January 25, Nasdaq Private Market launched a
secondary market for Coinbase stock, a move that allowed shareholders with
vested equity to sell shares. Nasdaq Private Market offers services for
companies ahead of an IPO, including "controlled liquidity programs for
pre-IPO companies looking to raise secondary capital for shareholders and
investors."
Sam Mowers, Investorideas
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