#CryptoCorner #Podcast 538: #Stocks discussed (NasdaqGS: $MSTR) (TSXV: $HIVE.V) (NasdaqGS: $EQOS)
#CryptoCorner #Podcast 538: #Stocks
discussed (NasdaqGS: $MSTR) (TSXV: $HIVE.V) (NasdaqGS: $EQOS)
#Bitcoin
Emerges from Weekend Dip, MicroStrategy Buys Another $15M in BTC, HIVE
Announces Surpassing of Mining Capacity Goal, and Diginex’s ‘Bletchley Park’
Fund Posts a 35% Net Return
Point Roberts, WA, Delta BC March 1, 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/2021/030121-CryptoMarket.mp3
Read
this in full at https://www.investorideas.com/news/2021/crypto-corner/03011MSTR-HIVE-EQOS.asp
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Stocks discussed: (NasdaqGS:MSTR)
(TSXV:HIVE) (NasdaqGS:EQOS)
Following
last Friday’s (Feb 26) Crypto Corner, Bitcoin
(BTC) fell into lower dips, bottoming out at
about $43,241 (lowest since Feb 8) on Sunday, according to data from CoinMarketCap.
Since then, however, its trading price has improved considerably to roughly
$49,150 at press time.
MicroStrategy
(NasdaqGS:MSTR) has announced that it has acquired an additional
328 of Bitcoin for $15 million today. This comes less than a week after the
company’s announcement on Feb 24 that it had purchased
“approximately 19,452 bitcoins for approximately $1.026 billion in cash at an
average price of approximately $52,765 per bitcoin.” Regarding today’s
purchase, MicroStrategy CEO Michael Saylor tweeted:
As of 3/1/2021, we #hodl ~90,859
bitcoins acquired for ~$2.186 billion at an average price of ~$24,063 per
bitcoin.
HIVE
Blockchain Technologies Ltd. (TSXV:HIVE) has announced that it has exceeded its updated 2021 ASIC capacity goal
of 2,000 Petahash per second (PH/s) with the purchase of 10,500 next generation
miners with an aggregate operating hash power of 711 PH/s, bringing its total
future capacity to 2,474 PH/s or 2.474 Exahash per second (EH/s). An excerpt
from the press release adds:
We are working daily to both upgrade
our Swedish facility and expand our capacity with the acquisition of additional
GPU chips to mine Ethereum. Like ASIC chips are in limited supply so are GPU
chips.
Diginex
Limited (NasdaqGS:EQOS) has reported that “its flagship liquid alpha
centric fund of crypto hedge funds, Bletchley Park Multi Strategy Fund (BPMSF),
generated an estimated net 35% return for the last twelve months, as of January
31.” According to the press release, BPMSF invests “in a range of carefully
selected crypto hedge fund managers with the objective of being profitable in a
range of market conditions, including periods of declining crypto currency prices.”
Richard Byworth, CEO of Diginex, said:
"This is a great start for the
fund's track record, and a strong finish for 2020, which was a transformative
year for Diginex. Across the board we are achieving a number of key milestones
and are seeing an unprecedented level of interest as financial markets'
participants increasingly recognize the opportunity in digital assets.”
Sam Mowers, Investorideas
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