News

Crypto Corner Podcast 581: Stocks discussed: (NasdaqGS: $COIN) (NasdaqGS: $MSTR) (TSX: $HUT.TO) (TSX: $GLXY.TO) (NasdaqGS: $BTBT)

Point Roberts, WA and Delta, BC – April 30, 2021 (Investorideas.com Newswire) 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.

Listen to today’s Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2021/043021-CryptoMarket.mp3

Crypto Corner Podcast 581: Stocks discussed: (NasdaqGS: $COIN) (NasdaqGS: $MSTR) (TSX: $HUT.TO) (TSX: $GLXY.TO) (NasdaqGS: $BTBT)

SHARE PODCAST:

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (NasdaqGS:COIN) (NasdaqGS:MSTR) (TSX:HUT) (TSX:GLXY) (NasdaqGS:BTBT)

Coinbase (NasdaqGS:COIN) announced that it is acquiring institutional data analytics platform Skew, according to a blog post by Greg Tusar, the company’s vice president of institutional products. Tusar explains:

We know that access to high quality data is essential for institutions assessing investments in crypto assets. That’s why we’re excited to integrate skew’s data analytics platform with Coinbase Prime, allowing our customers to track cryptocurrency spot and derivatives markets in real-time. With skew, we’ll arm professional traders with dynamic, aggregated market data, presented in a highly actionable format, all within our market leading prime brokerage.

MicroStrategy Incorporated (NasdaqGS:MSTR) intends to continue holding and acquiring Bitcoin (BTC), according to the company’s first quarter 2021 financial results, published today. The company’s CEO, Michael Saylor, commented:

“We continue to be pleased with our bitcoin strategy. We successfully raised more than $1 billion of additional capital in the quarter to expand our bitcoin holdings, which now exceed 91,000 bitcoins. We also hosted a very successful ‘Bitcoin for Corporations’ track at MicroStrategy World(TM) where we utilized our thought leadership in the cryptocurrency market to show how organizations can incorporate digital assets into their balance sheet management. We will continue to acquire and hold additional bitcoin as we seek to create additional value for shareholders.”

Hut 8 Mining Corp. (TSX:HUT) has partnered with Galaxy Digital Holdings Ltd. (TSX:GLXY) on a “tailored lending deal that will enable Hut 8 to earn a 4% yield on 1,000 bitcoin, and provides access to a $20 million USD revolving credit facility.” Hut 8’s CEO, Jaime Leverton, said:

“We opened a Bitcoin Yield Account and put 1,000 Bitcoin with Genesis mining earlier this year, and are excited to be adding Galaxy Digital to our roster of strategic and valuable partnerships. This partnership with Galaxy allows us to earn revenue from the significant Bitcoin on our balance sheet, minimize Hut 8’s Fiat expenses, and further our mission to hold and build our Bitcoin reserves, rather than sell.”

Bit Digital, Inc. (NasdaqGS:BTBT) has reported its first quarter results for 2021. Highlights include the earning of 1,013.40 bitcoins, and the purchase of 4,871 miners on the spot market, which brought the company’s maximum hash rate to 2,574 PH/S. Bryan Bullett, Bit Digital’s CEO, said:

“We achieved this scale through our differentiated approach of spot market miner sourcing, and through entry into partnerships with valued hosting providers, to secure access to electricity and facilities at competitive rates. We also took advantage of opportunities to migrate our miners on a seasonal basis to opportunistically access lower-cost power, a material portion of which comes, on average, from renewable sources.”

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.

About Investorideas.com – News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns: Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye.

The Crypto Corner is part of the Investor Ideas Membership content

The Investorideas.com podcasts are also available on iTunes (Apple Podcasts), Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Play Music and most audio platforms available.

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android

Contact Investorideas.com

800-665-0411

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

Leave a reply

Your email address will not be published. Required fields are marked *

More in:News

Next Article:

0 %