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Crypto Corner Podcast 542: Stocks discussed: (NasdaqGS: $MSTR) (NasdaqGS: $MARA) (CSE: $DIGI.C) (OTCQX: $BNXAF)

Bitcoin Stalls Below $50K, MicroStrategy Buys Another $10M in BTC, Marathon Expects 1.4 EH/s in Mining Production by the End of March, DigiCrypts Reports on Progress of CryptoDivine.ai, and Banxa Begins Trading on OTCQX

 

Point Roberts, WA and Delta, BC - March 5, 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/2021/030521-CryptoMarket.mp3

Crypto Corner Podcast 542: Stocks discussed: (NasdaqGS: $MSTR) (NasdaqGS: $MARA) (CSE: $DIGI.C) (OTCQX: $BNXAF)

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Stocks discussed: (NasdaqGS:MSTR) (NasdaqGS:MARA) (CSE:DIGI) (OTCQX:BNXAF)

Bitcoin (BTC) is seemingly stuck below support at $50,000 as we enter another weekend, according to data from CoinMarketCap. A piece from Cointelegraph attributes the downward pressure on Bitcoin to high levels in the U.S. dollar index, as well as "the prospect of rising rates and a potential stock market top."

Despite uncertainties in the crypto market, at least one company, MicroStrategy Incorporated (NasdaqGS:MSTR), is undeterred, and has bought even more Bitcoin, according to a tweet from CEO Michael Saylor.

"MicroStrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash at an average price of ~$48,888 per #bitcoin. As of 3/5/2021, we #hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of ~$24,119 per bitcoin."

Marathon Digital Holdings, Inc. (NasdaqGS:MARA) has announced that its mining fleet "will produce approximately 1.4 EH/s (exahash per second) by the end of March." Merrick Okamoto, Marathon's chairman and CEO, explained:

"Last month, we received the first of several major shipments scheduled to be delivered in 2021 from Bitmain. That delivery marked the genesis of what will be a transformative year for our business as we significantly increase the size of our mining fleet and expand our operations. We are very encouraged that the initial 4,000 Bitmain miners were delivered on time to our Hardin facility and that the next tranche of 6,300 miners was also shipped as scheduled. An additional 4,800 miners are set to be shipped to us in April, and we look forward to continuing to build out our mining operations and scale the business as projected."

DigiCrypts Blockchain Solutions Inc. (CSE:DIGI) has reported that its Crypto Price Trend Indicator App, CryptoDivine.ai, is "performing well and ahead of expectation on most metrics." According to the press release, the soft launch of the app, which commenced on February 24, 2021, will continue through March 15. A hard launch will follow on the week of March 15, with a Final Product offering planned for June 1. An excerpt reads:

As of June 1, 2021 DigiMax is confident it will have one of the world's most comprehensive, AI-based, crypto-price predicting resources in the world made available for novice crypto investors, and only at that time will the Company charge its full price of US$99.95 per month for the Application.

Banxa Holdings, Inc. has announced that it will begin trading today on the OTCQX Best Market under the symbol "BNXAF." The company's Chairman, Domenic Carosa, said:

"We have a lot of customers in the US, and those customers are now able to join us on this journey to a digital asset future. As the market matures, we aim to be at the forefront of innovation and transparency, and being a player in the north American market is a critical piece of that strategy."

Sam Mowers, Investorideas

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