{
Michael J. Saylor

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001122334455554433221100

Rumble plans to invest 20 million dollars in bitcoin for treasury strategy

Rumble, a conservative video platform, plans to invest up to $20 million in bitcoin as part of a new treasury strategy, citing the cryptocurrency's potential as an inflation hedge. CEO Chris Pavlovski emphasized the importance of bitcoin in a world of government currency dilution. This move aligns Rumble with other companies like MicroStrategy and Tesla, as interest in bitcoin grows amid expectations of a pro-crypto stance from the incoming Trump administration.
CNBC
United States Dollar Block, Inc. Semler Scientific, Inc. MicroStrategy Incorporated RumbleOn, Inc. Microsoft Corporation Tesla, Inc. Acurx Pharmaceuticals, Inc. USA Chris Pavlovski Donald Trump Howard Lutnick Michael J. Saylor Cynthia Lummis Show more
Finance & Economy, Market Report
01:23 26.11.2024

microstrategy's bitcoin strategy raises concerns over sustainability and market hype

MicroStrategy's stock has surged over 600% this year, driven by founder Michael Saylor's aggressive Bitcoin investments funded through debt and equity markets. The company's strategy resembles a video-game glitch, allowing it to raise capital, buy Bitcoin, and repeat the cycle. With an average Bitcoin purchase price near $40,000 and current holdings valued at around $24 billion, the company's debt of $4.3 billion appears manageable, prompting plans for further borrowing.
Bloomberg.com
United States Dollar Barclays PLC MicroStrategy Incorporated USA Michael J. Saylor
Finance & Economy, Market Report
10:39 22.11.2024

vidia hits new high as market reacts to earnings and speculation

Nvidia's stock reached a new high, closing up 0.5% and marking a 196% increase in 2024, despite high expectations. Meanwhile, MicroStrategy dropped 16% after a short report, while Fannie Mae and Freddie Mac saw significant gains amid privatization speculation. Tesla shares rose 35% since the election, contrasting with Amazon's slight decline.
CNBC
Palantir Uber MicroStrategy Incorporated Vistra Corp. Fannie Mae Tesla, Inc. Amazon.com, Inc. Targa Resources Corp. The Buckle, Inc. Axon Enterprises Freddie Mac SpaceX NVIDIA Corporation USA Jensen Huang Brad Gerstner Scott Wapner Ray Wang Michael J. Saylor Elon Musk Dara Khosrowshahi Jeff Bezos Andrew Left Show more
Finance & Economy, Market Report
01:34 22.11.2024

Acurx Pharmaceuticals plans to invest one million dollars in bitcoin reserves

Acurx Pharmaceuticals' board has approved the purchase of up to $1 million in bitcoin as a treasury reserve asset, following MicroStrategy's strategy. CEO David P. Luci emphasized bitcoin's limited supply and inflation-resistant qualities, asserting it will not affect the company's drug development plans. This move reflects a growing trend among corporations to adopt bitcoin, with the cryptocurrency trading at all-time highs and expected to gain further traction in the coming years.
CNBC
United States Dollar Acurx Pharmaceuticals, Inc. Semler Scientific, Inc. Tesla, Inc. MicroStrategy Incorporated Block, Inc. Microsoft Corporation USA Cynthia Lummis David P Luci Michael J. Saylor Donald Trump Show more
Finance & Economy, Market Report
16:52 20.11.2024
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