#CryptoCorner #Podcast 530: #Stocks discussed (NasdaqGS: $MSTR) (TSX: $HUT.TO) (NasdaqGS: $EBON) (CSE: $BIGG.C)

 

#CryptoCorner #Podcast 530: #Stocks discussed (NasdaqGS: $MSTR) (TSX: $HUT.TO) (NasdaqGS: $EBON) (CSE: $BIGG.C)

 

#Bitcoin Breaks $51K, MicroStrategy Ups Debt-for-Bitcoin Offering to $900M, Hut 8 Announces BTC Balance of 3,012, Ebang to Launch Bitcoin Mining Business, and BIGG Subsidiary BIG Partners with Netki

 


Point Roberts, WA, Delta BC February 17, 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.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2021/021721-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/02171MSTR-HUT-EBON-BIGG.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqGS:MSTR) (TSX:HUT) (NasdaqGS:EBON) (CSE:BIGG)

 

As is so often the case these days, Bitcoin (BTC) wasted no time in surpassing its recently achieved new all-time high trading price (covered in yesterday’s Crypto Corner), as it crossed the $51K mark early this morning, according to data from CoinMarketCap. So far, it has peaked at $51,630, and has not seen a significant downward correction. At press time, Bitcoin is trading for about $51,350.

 

MicroStrategy (NasdaqGS:MSTR), which yesterday announced a proposed private offering of $600 million in convertible senior notes, has adjusted the pricing of its offering to $900 million. The company expects net proceeds from the sale of the notes to be approximately $879.3 million, an amount it plans to use to acquire additional bitcoin.

 

Hut 8 Mining Corp. (TSX:HUT) announced that, as of the end of day Tuesday, February 16, it had a bitcoin balance of 3,012 ($186 million CAD). The company’s CEO, Jaime Leverton, said:

 

"Our commitment to 'hodling' bitcoin is at the core of our strategy in creating incremental value for Hut 8 investors. I am proud of our position as a leading Bitcoin miner globally and celebrate our substantial bitcoin balance as a testament to the strength and efficiency of our mining and executive leadership teams. We will continue to manage our operations to prevent the need to sell any of the bitcoin we mine for the foreseeable future."

 

Ebang International Holdings Inc. (NasdaqGS:EBON) has passed a resolution to launch a Bitcoin mining business. According to the press release, this will involve the deployment of “self-manufactured mining machines and mining machines purchased from other manufacturers as well as leasing computing powers from other mining farms.” Dong Hu, Ebang’s Chairman and CEO, commented:

 

“With the development of Bitcoin mining business, the Company will not only just continue to position itself as a Bitcoin mining machine producer. This move will increase our revenue in cryptocurrency business and optimize our product offering structure. We believe it will help the Company’s transformation from a hardware manufacturer to a blockchain company with comprehensive involvements in its industry chain.”

 

Blockchain Intelligence Group (BIG), a subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), has partnered with KYC-AML regulatory technology provider Netki “to integrate their Travel Rule solution (TransactID) into BIG’s Compliance suite of tools to allow BIG’s clients to meet the latest regulatory recommendations put out by FATF (Financial Action Task Force) and strongly endorsed by the G7.” Netki’s CEO, Justin Newton, said:

 

“Netki is pleased to partner with Blockchain Intelligence Group, an industry leader in cryptocurrency compliance solutions. The integration of our TransactID travel rule solution into their platform ensures the market has a full service provider for the AML and travel rule regulations put out by FATF. We know these recommendations will shortly be regulation adopted globally.”

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood , Acorn, Stash  and others.

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , 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 , Exploring Mining  the AI Eye .

The Crypto Corner is part of the Investor Ideas Membership content

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

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 investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. 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. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.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 Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

 

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

 

 



Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories 

Comments