The same day business intelligence firm MicroStrategy announced it would use $488 million from the proceeds of a private offering sale to buy Bitcoin, the company said it may also sell up to $1 billion of its stock for the same reason. In a Monday S-3 filing for the United States Securities and Exchange Commission, MicroStrategy said it would be launching an “at the market” securities offering, which would allow it to sell up to $1 billion of its Class A Common stock over time. The firm said it intended to use the proceeds from the offering “for general corporate …

This year, stocks like the movie theater chain AMC Entertainment and video game retailer GameStop (GME) have been the vehicle for individual retail traders to show their dissent against the so-called “free market.” Starting in late January and driven by sentiment from Reddit communities such as r/Wallstreetbets, these meme stocks have seen enormous growth this year. GameStop has shown 1,069.80% year-to-date returns, while AMC has shown 1,919.34% gains. At this rate, they should have 2,440% and 4,378% returns on an annual basis, respectively. Around the same time, Bitcoin (BTC) ventured beyond the $50,000 mark for the first time ever following …

A lackluster balance sheet, excessive debt load and over-leveraged exposure to Bitcoin have crashed MicroStrategy stock by more than 63% since February already. Nevertheless, the business intelligence company has ignored the risks of its frothy valuations, and it now wants to raise more debt and buy Bitcoin with proceeds (BTC). MicroStrategy announced on June 7 that it "intends to raise $400 million aggregate principal amount of senior secured notes in private offering [...] to acquire additional Bitcoins." The company already holds more than 92,000 BTC, worth about $3.31 billion at current exchange rates — almost 1.5x its principal investment. MSTR …

Is tokenization of securities the way of the future? In an interview with Raiffeisen Bank International, the bankers leading its blockchain research hub stated that indeed, by 2030, most securities will have been tokenized. To gain a deeper understanding of how blockchain technology can transform traditional stock exchanges, Cointelegraph Research compiled a dataset of all security token offerings and found that almost $5 billion was raised in 2020. Cointelegraph’s first report on security tokens explains how bond and stock tokenization works, how many assets have already been tokenized, what returns they have provided, and how they are regulated in different …

Bitcoin (BTC) is slowly but surely preparing to flash the "buy" signal, a key indicator suggests as a trading frenzy reignites memories of the GameStop debacle. In its latest report from June 3, Stack Funds highlighted the Puell multiple nearing the green "buy" zone — a signal to enter the market. Puell multiple drops to pre-2021 levels The Puell multiple is one of the best-known BTC price tools. Its readings judge the likelihood of a sell-off or uptick based on miner profitability. Currently, it makes little sense for miners to sell unless out of sheer necessity. "The metric is now …

A new report from analytics firm Coinshares shows that while the market dip may not have ended, prices are now at levels where stock market investors are once again showing signs of interest in digital asset funds. A report published yesterday from Coinshares shows that multiple funds have begun seeing net inflows after weeks of record outflows in the wake of a crippling, market-wide crypto dip. In totally, legacy markets poured in $74 million into crypto investment vehicles, though not all products showed signs of strength. Cryptocurrencies show inflows after record outflows in previous two weeks. Ethereum investment product market …

The mainstream-finance world has taken notable strides to incorporate various crypto assets. A new exchange-traded product (ETP) for Polkadot (DOT) recently surfaced on a mainstream exchange in Sweden. The Nordic Growth Market (NGM) is an equities market based in Sweden holding regulatory approval in the country, and serves participants from multiple countries. The NGM now hosts buying and selling for the DOT ETP, officially labeled as the “Valour Polkadot (DOT) SEK,” according to a public statement provided to Cointelegraph. The ETP is a product of Valour, a company that produces digital asset-based ETPs. The product went live on the exchange …

The fallout from this month’s violent crypto market meltdown appears to have flowed into the stock markets, with publicly listed firms with exposure to crypto assets seeing significant losses during May. The month saw Bitcoin (BTC) and other leading cryptocurrencies crash by at least 50%, with BTC plummeting from roughly $60,000 on May 10 to bounce off support at $30,000 last week. The largest publicly traded firm by number of BTC held in its reserves, MicroStrategy saw its share price slump from $657 at the end of April to roughly $450 as of May 21 — a 31.5% drawdown in …

Wall Street megabank Goldman Sachs has initiated coverage of United States cryptocurrency exchange Coinbase with a buy rating following a major crash on crypto markets. In a note to clients on Monday, Goldman Sachs analyst Will Nance stated that Coinbase stock is the best way for investors to gain exposure to the crypto industry, CNBC reported. According to the report, shares of crypto companies like Coinbase should be regarded as a hedge against the parabolic volatility of cryptocurrencies like Bitcoin (BTC). “While we believe the core business today offers an attractive growth profile with the potential to drive new high …

Bitcoin (BTC) and altcoins have “entered the mainstream” after this week’s price dip and will become stronger as a result, said Bloomberg Intelligence. In a tweet on Friday, Mike McGlone, the research unit’s senior commodity strategist, described Bitcoin as being in a “discounted bull market.” Bitcoin now has “key advantage” over stocks Cryptocurrencies fell en masse along with Bitcoin during the Wednesday crash, which saw BTC/USD dip to $30,000 before recovering. As Cointelegraph reported, altcoins then put in an awe-inspiring comeback, with some gaining in excess of 70% in under a day. For McGlone, the bull market is still on, …

China’s blockchain-linked equity stocks have been doing notably better than the rest of the global crypto equity market during a flash crash on Wednesday. According to a Bloomberg-curated basket of eight Chinese A-share equities tied to the blockchain industry, China’s blockchain equity stocks were down less than 2% as of 6 a.m. UTC on Thursday, Bloomberg reports. The equity basket comprises shares of IT services company Shenzhen Forms Syntron, business management firm Ygsoft, and data exchange-focused company Brilliance Technology. Ygsoft — a Chinese company specializing in blockchain-based tools for supply chain and product traceability — is down around 1.6% over …

Bitcoin (BTC) has hit its lowest price since Feb. 8 and is struggling to maintain $40,000 — but is Elon Musk wholly to blame? Cointelegraph takes a look at other factors working against Bitcoin bulls this week as the market returns to levels that some thought would never appear again. USD bounces off multi-month lows Tesla CEO Elon Musk bashing Bitcoin’s energy consumption is the narrative of the moment everywhere, but some classic hurdles to fresh price gains are also back this week. Among them is the strength of the United States dollar, which is attempting to stage something of …