# Сопутствующие статьи по теме Stock

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Stock", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

MSTR: Buy the Dip or Wait? 3 Key Questions About Strategy You Must Understand

MicroStrategy (MSTR), a bellwether for the cryptocurrency market, faces a critical juncture as its stock price remains under pressure. The company recently raised $748 million through a stock sale, boosting its cash reserves to $2.19 billion, and paused further Bitcoin purchases. It currently holds 671,268 BTC, worth approximately $60.4 billion, with an average cost of $74,972 per coin, resulting in over $10.1 billion in unrealized gains and a year-to-date return of 24.9%. A key driver behind MSTR’s recent decline is a proposal by MSCI to exclude companies with over 50% of their assets in digital currencies from its indices, arguing they resemble investment funds rather than operating businesses. If enacted, this could trigger up to $15 billion in crypto-related sell-offs, with MSTR accounting for nearly 75% of the affected market cap. Analysts warn that passive funds might dump $2.8 billion in MSTR shares, and other major indexes could follow suit. MSCI’s final decision is expected by January 15, 2025. Despite the uncertainty, major investors continue accumulating MSTR. Point72 Asset Management, led by billionaire Steve Cohen, recently purchased 390,666 shares (worth ~$65 million), and South Korea’s National Pension Service (NPS) increased its position to $93 million. The company’s strong cash position also helps it manage $824 million in annual interest and dividend payments, providing a buffer through potential market downturns. With Citigroup maintaining a “buy” rating despite lowering its price target, investor sentiment remains divided. The outcome of the MSCI decision on January 15 is likely to be a decisive factor for those considering whether to buy MSTR at current levels.

Odaily星球日报12/23 14:09

MSTR: Buy the Dip or Wait? 3 Key Questions About Strategy You Must Understand

Odaily星球日报12/23 14:09

ZOOZ's Bitcoin treasury play faces Nasdaq delisting clock

ZOOZ Strategy has received a Nasdaq delisting warning for failing to maintain a minimum $1 share price, giving it 180 days to regain compliance, potentially through a reverse stock split. The Israel-based firm, which holds 1,036 Bitcoin as a core treasury asset, has seen its stock decline despite this strategy. It now has until June 2026 to meet the requirement. The notice follows similar warnings to other crypto-focused firms like KindlyMD and DCX, though not all Bitcoin treasury companies are struggling, with examples like Metaplanet and Strategy continuing to advance their Bitcoin acquisition strategies.

cointelegraph12/23 11:49

ZOOZ's Bitcoin treasury play faces Nasdaq delisting clock

cointelegraph12/23 11:49

Coinbase Announces Acquisition Of The Clearing Company, Marking Its Tenth Purchase In 2025

Coinbase has announced its tenth acquisition of 2025, acquiring prediction market startup The Clearing Company. This move is part of Coinbase's broader strategy to transform into a comprehensive financial platform, integrating stocks, derivatives, and prediction markets. CEO Brian Armstrong aims to position Coinbase as an "Everything Exchange," reducing reliance on crypto trading amid growing competition. The deal, part of a major expansion that includes previous acquisitions like Deribit and Echo, is expected to close in January 2026. Additionally, Coinbase is launching new services like institutional asset tokenization and custom stablecoins to appeal to businesses and developers.

bitcoinist12/23 11:33

Coinbase Announces Acquisition Of The Clearing Company, Marking Its Tenth Purchase In 2025

bitcoinist12/23 11:33

What BitMine’s 4M ETH holdings mean for its stock valuation

Key takeaways: Large market participants are reducing crypto exposure, macro tightening weighs on risk appetite, and buyer demand is weakening. BitMine Immersion Technologies (BMNR) holds ~4M ETH, 193 BTC, an equity stake, and $1B cash, totaling ~$13.2B. With a market cap of ~$13B, its valuation is tightly linked to ETH's price due to the massive holding. However, dilution from financing activities (36M+ shares and warrants issued) means growing ETH doesn't automatically increase value per share. BMNR acts as a public proxy for ETH exposure but is also affected by dilution, liabilities, and corporate risks, making it an amplified yet distorted reflection of ETH's price.

cointelegraph12/20 15:58

What BitMine’s 4M ETH holdings mean for its stock valuation

cointelegraph12/20 15:58

HashKey Falls Below IPO Price on First Day of Trading, 'The Eastern Coinbase' Not Yet Established

HashKey Holdings (stock code: 03887.HK), known as the first Hong Kong-listed cryptocurrency exchange, debuted on the Hong Kong Stock Exchange on December 17. Despite strong pre-IPO interest—with its public offering oversubscribed by nearly 394 times—the stock price fell below its initial offering price of HK$6.68 within the first hour of trading. It closed the day at HK$6.67 after hitting a low of HK$6.12. The market response contrasts sharply with earlier optimism from crypto industry participants, who had hailed HashKey as a milestone for Hong Kong’s Web3 sector and even dubbed it the "Eastern Coinbase." However, the article points out significant gaps between HashKey and Coinbase in terms of scale: HashKey has only 138,000 registered users and average daily trading volumes in the millions of dollars, far below Coinbase’s pre-IPO user base of 56 million and billions in daily trades. HashKey has reported four consecutive years of losses, which the company attributes to high investment in technology and compliance during its early development phase. The IPO raised approximately HK$1.67 billion, with 40% earmarked for technology upgrades and another 40% for market expansion. The listing is seen by some as a symbolic step toward broader acceptance of crypto in traditional finance, yet the author suggests HashKey’s successful listing may remain an isolated case in Hong Kong. This is largely due to the influential backing of its major shareholder, Lu Weiding—chairman of Wanxiang Group and a prominent business and political figure—whose support may be difficult for other crypto firms to replicate under current regulatory conditions.

Odaily星球日报12/17 12:05

HashKey Falls Below IPO Price on First Day of Trading, 'The Eastern Coinbase' Not Yet Established

Odaily星球日报12/17 12:05

Strategy Maintains Nasdaq 100 Spot Despite MSCI Drama — Details

Strategy (formerly MicroStrategy) has retained its position in the Nasdaq 100 index following its latest annual reshuffle, despite the risk of potential exclusion from MSCI’s indexes. The company, the largest corporate holder of Bitcoin, survived the rebalancing while several other firms were added or removed. However, MSTR’s stock price has declined nearly 25% over the past month. Amid these developments, global index provider MSCI is considering excluding companies with significant crypto holdings from its indices. In response, Strategy’s leadership has engaged with MSCI, arguing that the firm is not merely a passive Bitcoin holder but an active software company with a strategic financial approach. They support consistent eligibility criteria but oppose MSCI’s proposal to delist firms with over 50% digital asset exposure. Analysts warn that such a move could result in significant outflows for Strategy.

bitcoinist12/14 16:02

Strategy Maintains Nasdaq 100 Spot Despite MSCI Drama — Details

bitcoinist12/14 16:02

Digital Asset Vaults Lose Their Luster: Twenty One's Stock Plunges 20% on First Trading Day

Twenty One Capital, a Bitcoin-focused treasury company backed by Tether and SoftBank, saw its shares plunge approximately 20% on its first day of trading on the New York Stock Exchange. The sharp decline reflects investor skepticism toward the valuation and business model of Bitcoin treasury companies amid a significant cryptocurrency market downturn. The company, led by 31-year-old CEO Jack Mallers, holds around 43,500 BTC. However, Bitcoin holdings have fallen over 25% since October’s all-time high near $126,000, putting pressure on the "digital asset treasury" (DAT) model. Despite its large Bitcoin reserve and strong backers, investors remain cautious due to unclear revenue paths and heavy reliance on Bitcoin’s volatile price. Twenty One went public via a merger with SPAC Cantor Equity. Unlike traditional companies, its valuation is almost entirely tied to its Bitcoin holdings, using metrics like "Bitcoin per Share" (BPS). Yet, the firm has not detailed how it will generate sustainable profits beyond holding Bitcoin. The sell-off reflects broader pressures on crypto-linked stocks. Other Bitcoin-heavy companies like Metaplanet, Trump Media, and Empery Digital also face millions in unrealized losses and falling share prices as Bitcoin corrects. The debut underscores high volatility and valuation risks in crypto investing. Despite innovation and institutional support, long-term viability requires transparent business models and clear profitability strategies—lessons even high-profile crypto firms must heed.

cointelegraph_中文12/11 23:16

Digital Asset Vaults Lose Their Luster: Twenty One's Stock Plunges 20% on First Trading Day

cointelegraph_中文12/11 23:16

Shares of a Major Bitcoin Holder Plummeted 20% on the First Day of Trading

The shares of Twenty One (ticker XXI), the third-largest corporate holder of bitcoin, plummeted 20% on their first day of trading on the NYSE on December 9th. The company went public via a merger with a SPAC, Cantor Equity Partners, raising approximately $850 million. Founded with backing from Tether, Bitfinex, and SoftBank, Twenty One acquired $4 billion worth of bitcoin from industry pioneer Adam Back in exchange for its shares. Despite bitcoin's price rising over 2% on the same day, XXI's stock began trading at $10.74, a 25% drop from Cantor's pre-merger closing price. The company holds 43,500 BTC (over $4 billion), with an average purchase price of $87,280 per bitcoin. CEO Jack Mallers, founder of Strike, emphasized that the company's goal extends beyond just holding bitcoin; it aims to develop revenue-generating products in brokerage services and lending. He differentiated Twenty One from Michael Saylor's MicroStrategy, stating the company plans to be a hybrid between MicroStrategy and Coinbase. A key differentiator is its commitment to transparent, real-time proof of reserves for its bitcoin holdings.

RBK-crypto12/10 16:17

Shares of a Major Bitcoin Holder Plummeted 20% on the First Day of Trading

RBK-crypto12/10 16:17

From 'Stablecoin First Stock' to 'Ankle Cut' in Stock Price: Why Circle Quickly Fell from the Spotlight into a Revaluation Cycle

From "Stablecoin Unicorn" to "Ankle-Cut" Stock Price: Why Circle Quickly Fell from Its Peak into a Revaluation Cycle Circle, the issuer of the USDC stablecoin, experienced a dramatic stock price decline shortly after its IPO in June, dropping from an initial peak of around $260 to approximately $88. This reflects a broader market shift from hype-driven optimism to a more rational reassessment of the stablecoin industry. Multiple factors contributed to this sharp correction. Initially, the stock was significantly overvalued due to market enthusiasm for the "first stablecoin stock" and the high-interest environment that boosted the appeal of its reserve-backed revenue model. As early investors took profits and sentiment cooled, a price correction was inevitable. Increased competition is also pressuring Circle. While USDC is the world's second-largest dollar stablecoin, it faces growing challenges from new stablecoin projects and digital dollar initiatives from traditional financial institutions. The sector is shifting from an oligopoly to intense competition, raising investor concerns about USDC's future growth certainty. Furthermore, macroeconomic interest rate trends pose a fundamental risk to Circle's business model. Its core revenue comes from interest earned on the cash and short-term U.S. Treasuries backing USDC. Expectations that the Federal Reserve may begin a rate-cutting cycle could directly compress this income. Rising operational and distribution costs further squeeze profitability. Analysts hold divergent views on Circle's future. Firms like Mizuho have turned bullish, upgrading the stock and suggesting the sell-off related to its post-IPO lockup expiration may have created a buying opportunity. They point to USDC's continued adoption by mainstream financial institutions. Conversely, analysts at firms like Susquehanna remain pessimistic, maintaining an "Underperform" rating. They warn that lower future interest rates and potential underperformance in USDC growth could continue to pressure the stock price and have lowered their price target. The upcoming end of the post-IPO lockup period, which restricts insiders from selling shares, has added near-term selling pressure, but this is viewed by some as a temporary overhang. Circle's recent Q3 earnings report, which beat expectations for both revenue and profit, shows that these fundamental concerns have not yet materialized, leaving the company's trajectory highly dependent on future interest rates and its ability to maintain and grow USDC's market share amidst fierce competition.

cointelegraph_中文12/10 10:18

From 'Stablecoin First Stock' to 'Ankle Cut' in Stock Price: Why Circle Quickly Fell from the Spotlight into a Revaluation Cycle

cointelegraph_中文12/10 10:18

Twenty One Plunges Nearly 20% on Debut: The Valuation Mystery of the Third-Largest Bitcoin DAT

Twenty One Capital (NYSE: XXI), a Bitcoin-focused asset reserve company backed by Tether and SoftBank, debuted on the New York Stock Exchange on December 9. Despite its strong backing and large Bitcoin holdings, its stock plunged nearly 20% on the first trading day. The company holds 43,514 BTC, making it the third-largest corporate Bitcoin holder globally, yet its market valuation sits at just $186 million—a mere 4.6% of its Bitcoin's market value. This extreme discount stems from its reliance on "shareholder injections" rather than open-market purchases. Most of its Bitcoin came directly from Tether, raising transparency and sustainability concerns. The broader Digital Asset Treasury (DAT) model is under pressure, with most major Bitcoin-holding companies trading below their net asset value. While proponents like Michael Saylor argue Bitcoin will become a foundational asset in the digital economy, the market remains skeptical in the short term, demanding more proof of the model’s resilience.

Odaily星球日报12/10 10:12

Twenty One Plunges Nearly 20% on Debut: The Valuation Mystery of the Third-Largest Bitcoin DAT