Retail investors on Stocktwits debated whether GameStop’s latest stock rally is driven by genuine crypto ambitions or mere speculation following Ryan Cohen’s recent meeting.
The tech firm’s pivot to digital assets drew mixed reactions, as its stock continues to hover near record lows following a 99.6% decline over the past year.
This comes after Strategy’s fourth-quarter results – the Michael Saylor co-founded company posted a wider-than-expected loss during this period at $3.03 per share versus an estimated EPS of $0.50.
Cathie Wood, the founder of asset management firm Ark Invest, rallied around Elon Musk's idea of putting all U.S. government spending on blockchains for better transparency on Sunday.
A Stocktwits poll shows that most retail investors dismissed Strategy’s software business as irrelevant to its valuation, reinforcing its identity as a leveraged Bitcoin vehicle.
Bitcoin’s (CRYPTO: BTC) price could see a significant increase by the end of the year, according to Fred Thiel, CEO of Marathon Holdings Inc. (NASDAQMARA).
CleanSpark CEO Zack Bradford added that the company remains on track to reach 50 EH/s in the first half of 2025 through expansion in Wyoming, Tennessee, and Georgia.
BlackRock increases investment in Strategy Inc., known for its large Bitcoin reserves, to 5%. This aligns with Strategy's ongoing accumulation of Bitcoin.
Strategy announced that it adopted ASU 2023-08, a new accounting standard for and disclosure of crypto assets, which resulted in an increase of $12.745 billion to its opening balance of retained earnings.
Trump Media said the launch of these investment vehicles is part of its financial services and FinTech strategy that includes investment up to $250 million.
Asset management behemoth, Franklin Templeton Investments (NYSEBEN), is seeking regulatory approval to launch a new cryptocurrency index exchange-traded fund (ETF).
The cryptocurrency market experienced a downturn on Thursday, with the global market capitalization falling 1.4% to $3.15 trillion, amid significant developments in institutional adoption and mixed traditional market performance.
Cryptocurrencies witnessed a sell-off as post-tariff pause gains faded, with Bitcoin and Ethereum sliding despite pro-crypto regulatory signals from the FDIC.
The Official TRUMP (TRUMP) coin has surged 4.27% in the last 24 hours, reaching $18.50, with a market cap of $3.7 billion. Despite this short-term rally, TRUMP remains down 75.36% from its all-time high of $75.35 set on Jan. 19.
