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 Podcast 630: Stocks discussed: (NasdaqGS: MSTR) (NasdaqGS: BTBT) (TSXV: IMIN)

Crypto Corner Episode 630: Capital International Acquires 12.2% Stake in MicroStrategy, Bit Digital Announces Production and Operations Update, and iMining Acquires BitBit Financial Inc.

 

Point Roberts, WA and Delta, BC - July 13, 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/2021/071321-CryptoMarket.mp3

Crypto Corner Podcast 630: Stocks discussed: (NasdaqGS: MSTR) (NasdaqGS: BTBT) (TSXV: IMIN)

SHARE PODCAST:

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (NasdaqGS:MSTR) (NasdaqGS:BTBT) (TSXV:IMIN)

Cointelegraph reports that LA-based $2.3 trillion asset manager Capital International Group, and specifically its private equity unit Capital International Investors (CII), has acquired a 12.2 percent stake in MicroStrategy Incorporated (NasdaqGS:MSTR). The former now holds 953,242 Microstrategy stocks, valued at about $560 million given current prices. This transaction provides CII with indirect exposure to MicroStrategy's vast Bitcoin (BTC) reserves - "making it one of the largest indirect investors in Bitcoin on the planet," according to the Cointelegraph article - though Capital International has "yet to comment publicly on Bitcoin or cryptocurrencies."

Bit Digital, Inc. (NasdaqGS:BTBT) has announced its unaudited bitcoin production and mining operations update for the second quarter ended June 30, 2021. Highlights include the earning of 562.9 bitcoins in the second quarter, a reduction from the first quarter, attributed to "the accelerated migration program, in which more miners were offline while in transit to or awaiting installation in North America, as well as miner sales and disposals." Bryan Bullett, Bit Digital's CEO, explained how the company may capitalize on Chinese restrictions on crypto mining:

"Bit Digital faces an unprecedented opportunity to scale its miner fleet. This is driven [by] the historic disruption, in which we believe that bitcoin mining equipment is flowing onto the Chinese spot market in large volumes, in the aftermath of China's recent shutdown of the sector.

Bit Digital is uniquely positioned to acquire these miners at scale. Headquartered in New York and led by a primarily US-based management team, to our knowledge, Bit Digital is the only US-listed miner with deep relationships among the major former Chinese operators. Our team on the ground in China is positioned to source equipment and transact with reputable counterparties rapidly, at scale. As illustration of this capacity, the Company grew to its current position as one of the largest US-listed miners, primarily through several large spot market purchases."

iMining Blockchain and Cryptocurrency Inc. (TSXV:IMIN) has closed the transaction to acquire all of the issued and outstanding shares of BitBit Financial Inc., a seller of digital goods and services, making the latter its wholly-owned subsidiary. Khurram Shroff, the Chairman and CEO of iMining, commented:

"With the recent closing of BitBit, we are very excited about this opportunity to revolutionize the fintech industry. We believe that the recent acquisition of BitBit financial will open the door to massive opportunities such as lending, and the regulated exchange of digital currencies. BitBit Financial is a key piece in connecting the digital asset industry to the traditional finance sector. This acquisition will also allow us to empower everyday investors globally, and this is just the beginning."

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