#CryptoCorner
#Podcast: #Cryptocurrency #Stocks in the News: (TSX: $GLXY.TO) (NasdaqGM: $SDIG)
BTC Commentary from
Lolli CEO Alex Adelman, Galaxy Digital and Stronghold Digital Publish Financial
Results
Vancouver, Kelowna, Delta, BC March 31,
2023 - 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.
Today’s podcast is sponsored by Fintech
Company AppTech Payments Corp. (NasdaqCM:APCX).
The Investor ideas Crypto Corner was named one of 14 Best Crypto &
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Stocks
discussed: (TSX:GLXY) (NasdaqGM:SDIG)
Alex Adelman, CEO & Co-founder
of Bitcoin (BTC) rewards app Lolli, has
provided the following commentary to Investorideas.com regarding the state of
Bitcoin amid uncertainty in the market:
“Bitcoin’s bullish
momentum since the start of the year reflects renewed investor demand for the
leading, most decentralized cryptocurrency.
The banking crisis has
drawn attention to bitcoin as a new way of storing wealth that is free from centralized
points of failure. Against the backdrop of a weakened banking sector, bitcoin’s
decentralization is now more than ever a distinct and powerful advantage and
point of interest. Bitcoin’s stability and upwards movement will continue to
help it establish a strong price history and build investor confidence, further
solidifying its position of strength in the markets.
Bitcoin has gained further
market dominance in the cryptocurrency markets amid a crackdown on more
centralized entities in crypto. Bitcoin is well positioned to be unaffected by
a spate of enforcement actions coming from the SEC, because of its unmatched
level of decentralization. The crackdown is drawing even more attention and
interest to bitcoin, and highlighting its singular position among
cryptocurrencies.
Bitcoin has become a safe
haven for investors amid uncertain market conditions, particularly as the
question hangs over the markets of whether the Fed will ease up on interest
rates with a lower CPI.
Bitcoin now occupies an
established and legitimate position in the financial markets as it continues to
trade upwards against uncertain market conditions and outperform the Nasdaq and
S&P 500."
For
more on Lolli, visit their website at https://www.lolli.com/.
Galaxy Digital Holdings Ltd. (TSX:GLXY) has reported its financial results for the year
ended December 31, 2022. Highlights include a net loss of $287.8 million USD
for the fourth quarter ($1 billion for the full year), and a preliminary First
Quarter 2023 Income before tax of $150 million. Michael Novogratz, Founder and
CEO of Galaxy, said:
"2022
was a formative year for Galaxy, and while we and our industry faced
unprecedented macroeconomic events, we succeeded in staying the course and were
able to opportunistically take advantage of strategic opportunities to build
our operating businesses for the future. I have never been more confident in
our go-forward strategy, businesses, and team.”
Stronghold Digital Mining, Inc. (NasdaqGM:SDIG) has announced its financial and operational
results for the fourth quarter and full year 2022. Highlights include a Q4 2022
revenue of $23.4 million – but a net loss of $47.4 million, and a current
liquidity of about $8.8 million, ($7.7 million in cash plus 39 Bitcoin as of
March 28, 2023). Greg Beard, the company’s Co-Chairman and CEO, said:
“Over
the past seven months, we have made significant progress on our previously
outlined strategic plan to deleverage, enhance liquidity, improve operational
efficiency, and opportunistically rebuild our mining fleet. Since the second
quarter of 2022, we have announced several agreements to reduce our debt,
strengthen our balance sheet, and improve Stronghold’s liquidity position. We
anticipated and responded proactively to challenges in our markets while
prioritizing liquidity to endure through a challenging environment and are now meaningfully
better positioned to take advantage of opportunities that arise in the market.”
Sam Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive
Bitcoin, Blockchain and Digital Currency Stocks Directory
Podcast sponsor:
AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.
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