#CryptoCorner Episode 605: #Stocks discussed: (NYSE: $SQ) (NasdaqGS: $MSTR) (CSE: $BCFN.C) (OTC: $NSAV)
#CryptoCorner Episode 605: #Stocks
discussed: (NYSE: $SQ) (NasdaqGS: $MSTR) (CSE: $BCFN.C) (OTC: $NSAV)
Square and Blockstream Collab on Solar-Powered
#Bitcoin Mining Facility, MicroStrategy to Offer $400M Private Offering,
Blockchain Foundry Launches Accelerator Program, and Net Savings Link to
Acquire HK-Based Virtual Asset Management Company
Point Roberts, WA, Delta BC June 7, 2021
- Investorideas.com, a leader in crypto and blockchain investing news brings
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on what’s driving cryptocurrency stocks and the crypto market.
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Stocks discussed: (NYSE:SQ)
(NasdaqGS:MSTR) (CSE:BCFN) (OTC:NSAV)
Blockchain tech firm Blockstream and
payments giant Square, Inc. (NYSE:SQ) have announced a collaboration to build an
open-source, solar-powered Bitcoin (BTC) mining facility at one of the
former’s mining sites in the United States. Described as “a proof-of-concept
for a 100% renewable energy Bitcoin mine at scale,” the facility will receive a
$5 million investment from Square, and “infrastructure and expertise to build
and manage the project,” from Blockstream. An excerpt from the press release
reads:
Together,
we plan to provide public transparency by sharing the project economics and
knowledge we’ve gained from building a Bitcoin mine powered by renewable
energy. Ultimately, we hope to demonstrate how bitcoin mining in conjunction
with renewable energy can help drive the clean energy transition.
MicroStrategy Incorporated (NasdaqGS:MSTR) plans to offer a $400 million aggregate
principal amount of senior secured notes in a private offering to qualified
institutional buyers. The company intends to use the net proceeds from the sale
of the notes to acquire additional bitcoins. The company also announced a newly
formed subsidiary called MacroStrategy LLC, which will hold its existing approximately
92,079 bitcoins.
Blockchain-based business solutions
company Blockchain Foundry Inc. (CSE:BCFN) has launched an accelerator program and a new
corporate website. The accelerator program aims to help entrepreneurs “realize
their start-up vision in the blockchain space.” As for its newly-launched
website, it includes “new areas of development such as enterprise products and
blockchain protocol research and innovations,” as well as “information and an
application process for prospective accelerator partners.” Dan Wasyluk, CEO of
Blockchain Foundry, explained:
“We
are excited to launch BCF’s new corporate website. Our business has expanded
from its original focus on consulting work, and our new website reflects this
growth. We are also pleased to offer entrepreneurs an easy way to apply for our
accelerator program through our website and we are excited for it to become an
important source of early-stage opportunities for BCF.”
Crypto, blockchain and digital asset tech
company Net Savings Link, Inc. (OTC:NSAV) has signed a Binding Letter of
Intent (LOI) to acquire a 40 percent stake in a Hong Kong
based Virtual Asset Management company. According to the press release, Net
Savings Link intends “to achieve $2 billion or greater of Virtual Assets Under
Management ("AUM") in the next two to three years,” and become a
leader in the blockchain financial arena.
Sam
Mowers, Investorideas
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