GameStop’s ( GME ) bitcoin stack was worth $519.4 million at the end of the third quarter (Nov. 1), with the company recording a $9.2 million loss in digital assets during the period. Bitcoin BTC$92,351.06 fell from about $115,000 to about $110,000 during the three months ended Nov. 1. The video game retailer likely continued […]
BTC Holdings narrows profits in Q3 Read More »
Strategy (MSTR) has written a formal letter in response to MSCI’s proposal to exclude companies whose holdings of digital assets represent 50% or more of total assets from the MSCI Global Investable Market Indexes. Led by executive chairman Michael Saylor, Strategy argued that digital asset treasury companies (DATs), including Strategy itself, run businesses that use
Michael Saylor’s MSTR reacts to potential MSCI exclusion Read More »
SpaceX is working toward an IPO that could value the company at about $1.5 trillion, making it the largest public market offering of this scale, according to Bloomberg. If that happens, investors will not only buy into rockets and satellites. They also want to buy into a company that has thousands of bitcoin and has
SpaceX’s $1 trillion IPO puts BTC inside Elon Musk’s biggest plans Read More »
CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2969.73, down 1.5% (-44.23) since 4 PM ET Tuesday. None of the 20 assets are trading higher. Leaders: ETH (+0.0%) and CRO (-0.7%). Lagging: APT (-5.3%) and NEAR (-4.4%).
The index falls 1.5% as all components trade lower Read More »
Helium, a decentralized wireless network built on Solana, is entering the Brazilian market through a joint venture with local WiFi provider Mambo WiFi, the companies said Wednesday. The partnership represents one of Helium’s most significant international expansions to date and could set the stage for carrier integrations in a country where reliable internet access remains
Helium expands to Brazil with Mambo WiFi in DePIN breakthrough Read More »
Bitcoins BTC$92,082.19 volatility indices are still falling, mirroring those in the S&P 500, bringing price stability that weakens the case for a year-end rally, according to one analyst. BTC’s annualized 30-day implied volatility, as measured by Volmex’s BVIV index, has fallen to 49%, nearly reversing a rise to 65% from 46% over the 10 days
Bitcoin (BTC) Price Volatility Still Compresses, Dampening Santa Rally Chances Read More »
BITmarkets survey finds that the majority of crypto holders see digital assets as stores of value
By Omkar Godbole (All times ET unless otherwise noted) Last week, CoinDesk flagged the potential for action in crypto-cross pairs, even as major tokens and the broader market looked weak against the dollar. Since then, the largest cross by market capitalization is ether ETH$3,316.43 priced in bitcoin BTC$92,080.35has delivered, reaching 0.036 today, the highest since
Ether (ETH), Silver Prices in Spotlight: Crypto Daybook Americas Read More »
Metaplanet’s multiple to net asset value (mNAV) has risen to 1.17, the highest level since before the liquidation of the crypto crisis that began on October 10, according to the company’s dashboard. The mNAV model measures a company’s valuation by comparing its bitcoin holdings to its enterprise value. Metaplanet currently has 30,823 BTC worth about
Metaplanet stock jumps 12% as mNAV rises to 1.17 on BTC rebound Read More »
Strive (ASST), a publicly traded bitcoin BTC$92,691.23 Treasury and asset-management company, said it arranged a $500 million offering (ATM) for its Variable Rate Series A Perpetual Preferred Stock (SATA) to help finance further purchases of the largest cryptocurrency. Paying a dividend of 12% with an effective yield of nearly 13%, SATA is deliberately modeled after
Strive (ASST) Starts $500 Million ATM Program for High Yield SATA Preferred Stock Read More »
