#CryptoCorner #Podcast 643: #Stocks
discussed: (NasdaqGS: $MSTR) (NasdaqGS: $HVBT) (NYSE: $MA) (NasdaqGS: $PYPL)
MicroStrategy
Reports Q2 Financials, HIVE Delays Annual Financial Statements but Gives
Swedish Update, Mastercard CEO Says “We Have to be in” Crypto Space, and PayPal
Eyeing to Expand Crypto Services to UK
Point Roberts, WA, Delta BC July 30, 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)
(NasdaqGS:HVBT) (NYSE:MA) (NasdaqGS:PYPL)
MicroStrategy Incorporated (NasdaqGS:MSTR) published its second quarter 2021 financial
results, reporting $2.051 billion in digital assets held as of June 30, 2021.
The company’s CEO, Michael Saylor, commented:
"We
continue to be pleased by the results of the implementation of our digital
asset strategy. Our latest capital raise allowed us to expand our digital
holdings, which now exceed 105,000 bitcoins [BTC]. Going forward, we intend to
continue to deploy additional capital into our digital asset strategy."
HIVE Blockchain Technologies Limited (NasdaqGS:HVBT) has announced that filing of its statements for
the financial year ended March 31, 2021 has been delayed due to “operational
and reporting challenges associated with the consolidation of the 5 countries
that the Company operates in: Sweden, Canada, Switzerland, Bermuda, and
Iceland.” An excerpt from that same press release, however, provides some
insight into the company’s Swedish operation and Ethereum (ETH) mining:
This
reorganization of our Swedish operation, which is where most of our GPU mining
operations are located, will provide a better corporate structure as we move
into high performance computing (HPC) cloud hosting. In the future, HIVE will
use its high-end GPUs, which currently mine Ethereum, to provide HPC cloud
hosting for tasks that require substantial GPU processing power, such as
simulations, AI, machine learning, and gaming. This shift to cloud HPC hosting
will depend on the timing of the launch of Ethereum 2 (Eth2), which is a
planned upgrade to Ethereum that is expected to make mining ETH obsolete.
American Banker reports that Michael Miebach, CEO
of Mastercard (NYSE:MA), commented in a company earnings
call yesterday, on its position regarding cryptocurrencies. He said:
"What
we believe we do is bring a perspective to the market as a multrail payment
provider. We have to be in this space because people are looking for
answers."
Cointelegraph reports that PayPal (NasdaqGS:PYPL) has its eye on opening its
crypto trading services in the UK. Dan Schulman, the company’s CEO, said in an
earnings call on Wednesday:
“Yeah,
well, we continue to be really pleased with the momentum we're seeing on
crypto. […] We're going to launch, hopefully, maybe even next month in the
U.K., open up trading there.”
Sam
Mowers, Investorideas
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