Tag Archives: MicroStrategy

(Bloomberg) — MicroStrategy Inc. boosted the size of a junk-bond sale to fund the purchase of more Bitcoin, selling $500 million of notes on Tuesday that were the first of their kind in the high-yield market. The company received about $1.6 billion in orders for the offering, including interest from a large number of hedge funds, according to people with knowledge of the marketing process, who asked not to be identified discussing a private transaction. The strong interest comes amid a… Source link

Bloomberg Bitcoin Hoard Fuels One of World’s Biggest Crypto Fortunes (Bloomberg) — It’s the latest corporate strategy for companies from Tesla Inc. to Square Inc.: shift a portion of cash reserves into cryptocurrencies as digital assets become more mainstream.Still, few have gone as far as MicroStrategy Inc. Eight months after its first investment, the software firm has a Bitcoin holding worth more than $5 billion.Shares of MicroStrategy have rocketed almost 600% since mid-July, boosting… Source link

(Bloomberg) — Bitcoin rebounded from earlier losses amid a broader recovery in risk assets after a report showed the U.S. added more jobs than forecast last month. MicroStrategy Inc. bought more of the world’s largest cryptocurrency. The digital asset shed as much as 3.4% on Friday before trading little changed at about $48,150 as of 9:02 a.m. in New York. The Bloomberg Galaxy Crypto Index, which includes Bitcoin and four other tokens, slipped more than 4.7% before turning little… Source link

Bloomberg Goldman’s Eric Lane Leaves for Tiger Global in Surprise Exit (Bloomberg) — Eric Lane, the co-head of Goldman Sachs Group Inc.’s asset-management business, is quitting the firm to join Chase Coleman’s Tiger Global Management, just a day after news that a pair of senior consumer bankers are leaving the lender for a fintech startup.Lane is departing less than six months after taking over Goldman’s newly expanded asset-management business along with Julian Salisbury, according… Source link

TipRanks 2 “Strong Buy” Dividend Stocks Yielding at Least 7% A number of factors are coming together in the market picture, and indicate a possible change in conditions in the mid-term. These include increases in commodity prices, specifically, oil prices, which have rallied recently. In addition, the January jobs numbers, released earlier this month, were disappointing at best – and grim, at worst. They, do, however, increase the chance that President Biden and the Democratic Congress… Source link

TipRanks Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the S&P 500 within the next 24 months – or to put it in absolute numbers, they believe the index will hit 4,600 by December 2022. Kostin lays out four clear reasons for believing that… Source link