Investorideas.com

Get investor ideas from our AI, cannabis, cleantech, crypto, gaming, mining, sports podcasts - be a guest or sponsor: call 800 665 0411


Share on StockTwits

Crypto Corner Episode 615: Stocks discussed: (NasdaqGS: MSTR) (TSXV: HIVE)

Crypto Market Red Following PBOC Crackdown, MicroStrategy Buys 13,005 Bitcoins, and HIVE Expands Operations in Sweden

 

Point Roberts, WA and Delta, BC - June 21, 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/2021/062121-CryptoMarket.mp3

Crypto Corner Episode 615: Stocks discussed: (NasdaqGS: MSTR) (TSXV: HIVE)

SHARE PODCAST:

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (NasdaqGS:MSTR) (TSXV:HIVE)

A quick perusal of CoinMarketCap shows that the crypto market is blood red this morning. Bitcoin (BTC), for instance, is down about 3.5 percent at press time, while Ether (ETH) is struggling to maintain its trading price of around $2,000. This appears to have been precipitated by an order from the People's Bank of China (PBoC) this morning, which prohibits banks in China from providing "account opening, registration, and ... related activities," for cryptocurrencies. An excerpt reads:

The relevant departments of the People's Bank of China pointed out that virtual currency trading activities disrupt the normal economic and financial order, breed the risks of illegal cross-border transfer of assets, money laundering and other illegal and criminal activities, and seriously infringe the people's property safety.

Taking advantage of these low trading prices is MicroStrategy Incorporated (NasdaqGS:MSTR), which today announced that it had purchased an additional approximately 13,005 bitcoins for approximately $489 million in cash at an average price of approximately $37,617 per bitcoin, including fees and expenses. At press time, MicroStrategy holds an aggregate of approximately 105,085 bitcoins, acquired at an aggregate purchase price of approximately $2.741 billion and an average purchase price of approximately $26,080 per bitcoin. The company's CEO, Michael Saylor, recently tweeted:

The dominant driver of #Bitcoin right now is the crackdown on mining & trading in China that began in May. This created a forced & rushed exodus of Chinese capital & mining from the Bitcoin network - a tragedy for China and a benefit for the Rest of the World over the long term.

HIVE Blockchain Technologies Ltd. (TSXV:HIVE) has expanded its operations in Sweden with a 4.6 megawatt (MW) facility in the town of Robertsfors, bringing its total capacity to more than 33 MW in Sweden and 133 MW worldwide. Located in the north of the country, the new facility, called the Diamond Factory, is "consistent with its ESG strategy to invest in cold climate locations with access to stable, low-cost, green, and renewable energy sources." HIVE's Executive Chairman Frank Holmes said:

"While some companies are struggling to find suitable locations for their entry or expansion in Sweden, HIVE is in the position of choosing among several new opportunities that have been presented to us. This is a testament to our reputation as a reliable operator."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea's original branded content includes podcasts and columns: Crypto Corner, Play by Play sports and stock news, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast, Cleantech and Climate Change, Exploring Mining, Betting on Gaming Stocks Podcast and the AI Eye Podcast.

The Crypto Corner is part of the Investor Ideas Membership content

The Investorideas.com podcasts are also available on iTunes (Apple Podcasts), Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Play Music and most audio platforms available.

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android

Contact Investorideas.com

800-665-0411


Get more Bitcoin and Blockchain Investor ideas - news, articles, podcasts and stock directories