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Cryptocurrency News Articles
Strategy (MSTR) expects its convertible preferred stock Strike (STRK) to be listed on Nasdaq on Thursday
Feb 06, 2025 at 06:06 pm
Strategy, formerly known as MicroStrategy, also introduced new performance metrics when it reported fourth-quarter earnings after the market closed on Wednesday.
Shares of Strategy (NASDAQ:MSTR) rose 1.3% in pre-market trading after the Tysons Corner, Virginia-based company introduced new performance metrics and said it expects Strategy convertible preferred stock (NASDAQ:STRK) to begin trading on Thursday.
Strategy, formerly known as MicroStrategy, reported a loss of $3.03 per share for the fourth quarter and did not adopt Financial Stability Accounting Board (FASB) rules, which would have helped it avoid a $1 billion impairment loss. Those rules will be adopted this quarter, the company said.
Among the new key performance indicators (KPIs) is an bitcoin (CRYPTO:BTC) gain of $10 billion by 2025. So far this year, it’s achieved $1.24 billion. A second KPI is a bitcoin yield of 15%; year-to-date it’s 2.9%.
Strategy has used about $17 billion out of the $21 billion at-the-market (ATM) equity program so far. In the earnings presentation, the company alluded to the share sales being just 2.9% of the total cumulative trading volume, with Nov. 11-15 being the highest percentage of total trade volume of any week at 7%.
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- Dogecoin (DOGE) Price Prediction: Analysts Forecast a Calm Before the Storm, Targeting Profit Zones Between $10 and $30
- Feb 06, 2025 at 11:48 pm
- Dogecoin (DOGE) continued to trade sluggishly on Thursday, following a weak weekly close on Sunday. Notably, the leading meme coin has been moving sideways in recent days.
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- Solana: The Blockchain Platform Designed for Speed and Scalability
- Feb 06, 2025 at 11:48 pm
- Solana, a blockchain platform launched in 2017 by software engineer Anatoly Yakovenko was designed to support large-scale decentralized applications. With experience at top tech companies like Qualcomm, Yakovenko sought to address one of the main challenges in blockchain technology: network speed. Currently, Solana ranks fifth by market capitalization, with over $120 billion invested and recently reaching new market highs. This article explores Solana’s unique features, how it differentiates itself from other blockchain networks, and its potential future prospects.
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- Rexas Finance (RXS) and Ripple (XRP) Are Promising Alternatives to Bitcoin (BTC) and Ethereum (ETH) in 2025
- Feb 06, 2025 at 11:48 pm
- During the current downturn, cryptocurrency investors are bracing themselves for a significant post-crash surge. One striking occurrence is the shift from market heavyweights Bitcoin (BTC) and Ethereum (ETH) to two lesser-cap coins, Ripple (XRP) and Rexas Finance (RXS).
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- Burwick Law and Wolf Popper LLP Demand Baton Corp. DBA, PumpFun Immediately Remove Tokens Deployed On The Solana Blockchain By Pumpfun That Utilize Unlicensed Intellectual Property In An Effort to Impersonate Our Law Firms, And Remove The Likeness Of Any…
- Feb 06, 2025 at 11:48 pm
- Pump.fun, a Solana memecoin creation platform, got into legal controversy for allegedly having coins with a name and logo resembling two famous U.S. law firms’ names and logos.