Crypto Corner Podcast 659: Stocks discussed: (NasdaqGS: MSTR) (NasdaqCM: RIOT) (TSX: GLXY) (CSE: BIGG)
MicroStrategy Drops Another $177M on BTC, Riot Reports Q2 Results, Galaxy Digital Partners with Alerian and S-Network Global Indexes, and BIGG Reports Financial Results
Point Roberts, WA and Delta, BC - August 24, 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/2021/082421-CryptoMarket.mp3
Crypto Corner Podcast 659: Stocks discussed: (NasdaqGS: MSTR) (NasdaqCM: RIOT) (TSX: GLXY) (CSE: BIGG)
Get the Crypto Corner Podcast on iTunes
Get the Crypto corner on Spotify
Stocks discussed: (NasdaqGS:MSTR) (NasdaqCM:RIOT) (TSX:GLXY) (CSE:BIGG)
MicroStrategy (NasdaqGS:MSTR) has spent another $177 million on Bitcoin (BTC), according to a tweet this morning from CEO Michael Saylor. Saylor's full tweet reads:
MicroStrategy has purchased an additional 3,907 bitcoins for ~$177 million in cash at an average price of ~$45,294 per #bitcoin. As of 8/23/21 we #hodl ~108,992 bitcoins acquired for ~$2.918 billion at an average price of ~$26,769 per bitcoin.
Riot Blockchain, Inc. (NasdaqCM:RIOT) has reported its second quarter financial results for the three-months ended June 30, 2021. Highlights include an increase in mining revenue by 1,540 percent to a record $31.5 million – up from $1.9 million in Q2 2020, as well as a record net income of $19.3 million – up from a $10.6 million net loss in Q2 2020. Jason Les, Riot's CEO, commented:
"We are extremely pleased with Riot's record quarterly financial results. The Company's improved financial results are a direct result of Riot's absolute focus on Bitcoin mining and growing its mining operations. With the successful acquisition of Whinstone US ("Whinstone"), the Company's growth prospects have been significantly de-risked, and future financial opportunities are very exciting. As previously announced, Riot is aggressively expanding its capacity at Whinstone, which is expected to provide the critical infrastructure necessary to successfully execute on driving continued growth for the Company."
Galaxy Digital Holdings, Ltd. (TSX:GLXY) has announced that its Galaxy Fund Management division has partnered with Alerian and S-Network Global Indexes to launch the Alerian Galaxy Global Blockchain Indexes and Alerian Galaxy Global Cryptocurrency-Focused Blockchain Indexes. Robert Hughes, Chief Commercial Officer of Alerian and S-Network Global Indexes, explained:
"Index-based investing is continuously evolving and expanding into new asset classes and exposures to support the ever-growing demand from investors. Galaxy Fund Management was a natural partner as we sought to enter the decentralized finance space given Galaxy Digital's industry leading history, deep connectivity, and unparalleled innovation delivering this new asset class to investors."
BIGG Digital Assets Inc. (CSE:BIGG) has reported its fiscal Q2 2021 financial results for the three and six months ended June 30, 2021. Highlights include a gross revenue of $4.55 million ($4.16 million for online cryptocurrency brokerage Netcoins and $385,000 for Blockchain Intelligence Group). The company's CEO, Mark Binns, said:
"We are very pleased with our Q2 results - which reflect excellent growth across both Netcoins and BIG. Each company grew revenue by 24% QoQ or better, with margins remaining very strong. We also took advantage of the recent Bitcoin price degradation, adding to our holdings which now sit at 430.8 Bitcoin."
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 Podcasts 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