#CryptoCorner #Podcast 545: #Stocks discussed: (NYSE: $JPM) (NasdaqGS: $MSTR) (NYSE: $SQ) (TSX: $HUT.TO) (CSE: $NC.C)
#CryptoCorner #Podcast 545: #Stocks
discussed: (NYSE: $JPM) (NasdaqGS: $MSTR) (NYSE: $SQ) (TSX: $HUT.TO) (CSE:
$NC.C)
#Bitcoin
Sees Further Gains, JPMorgan Launching #Crypto Exposure Basket, DCG Plans to
Buy $250M Worth of Grayscale Bitcoin Trust, Hut 8 Files Preliminary Base Shelf
Prospectus, and NetCents Reports Record Transaction Volume
Point Roberts, WA, Delta BC March 10,
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/2021/031021-CryptoMarket.mp3
Read
this in full at https://www.investorideas.com/news/2021/crypto-corner/03101JPM-MSTR-SQ-HUT-NC.asp
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Stocks discussed: (NYSE:JPM)
(NasdaqGS:MSTR) (NYSE:SQ) (TSX:HUT) (CSE:NC)
Bitcoin
(BTC), after dipping slightly to as low as
roughly $53,300 following yesterday’s Crypto
Corner, grew to a present trading price of about $56,400, up $2,000 in the
last 24 hours, according to data from CoinMarketCap.
JPMorgan
(NYSE:JPM)
is launching a new debt instrument described as a Cryptocurrency Exposure
Basket, according to a recently-published filing with the U.S. Securities and Exchanges
Commission. The basket is linked to “11 U.S.-listed companies that operate
businesses,” that are “directly or indirectly, related to cryptocurrencies or
other digital assets, including as a result of bitcoin holdings, cryptocurrency
technology products, cryptocurrency mining products, digital payments or
bitcoin trading.” The basket is unequally weighted, and includes companies such
as Microstrategy (NasdaqGS:MSTR) and Square (NYSE:SQ).
The
parent company of Grayscale Investments, Digital Currency Group (DCG), plans to
purchase up to $250 million worth of shares of Grayscale Bitcoin Trust (OTC:GBTC). According to the press release, DCG “plans to use cash on hand
to fund the purchases and will make the purchases on the open market, at
management’s discretion.” No reason for the buyback was indicated in the press
release.
Hut
8 Mining Corp. (TSX:HUT) has filed a preliminary base shelf prospectus with
the securities regulatory authorities in each of the provinces and territories
of Canada and a corresponding shelf registration statement on Form F-10 with
the SEC in the U.S. According to the press release, this will allow the company
“to offer up to CAD$500,000,000 of common shares, debt securities, subscription
receipts, warrants, convertible securities, units, or any combination thereof,
from time to time during the 25-month period that the shelf prospectus is
effective.”
NetCents
Technology Inc. (CSE:NC) has reported record transaction volume, exceeding
$5,500,000, for the first week of March. This comes close to the “6.7 million
processed in February and 8.2 million processed in January,” according to the
press release. Clayton Moore, Founder and CEO of NetCents Technology,
commented:
"We've started 2021 with a bang
and it promises to be an exciting year for both NetCents and cryptocurrency. It
has been our laser focus on streamlining and enhancing the merchant experience
to continue to drive mass adoption of cryptocurrency as a payment method that
has really enabled NetCents to break through and establish record growth in
merchant sign ups and processing volume."
Sam
Mowers, Investorideas
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