Tag: mi exclusive
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Tesla’s bitcoin holdings grew to $2.5 billion in the 1st quarter, SEC filings show
Tesla and its Manager Elon Musk have been key drivers of bitcoin-mania NurPhoto/Getty Images Tesla's bitcoin holdings were worth $2.48 billion at the end of the year, SEC filings show.The electrical vehicle manufacturer originally purchased $1.5 billion of bitcoin in January and now takes the cryptocurrency for a kind of payment because of its products.Tesla…
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US futures head to more record highs ahead of big tech earnings, while oil climbs despite raging global pandemic
US stock market investors are feeling optimistic about the economy. Spencer Platt/Getty Images US futures rose on Tuesday morning, the day after the S&P and Nasdaq hit record highs. Investors eagerly awaited Q1 earnings from Microsoft and Alphabet, and weighed up Tesla's results. Oil prices climbed as the demand outlook brightened, despite the ongoing COVID-19…
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Elon Musk says Tesla sold 10% of its bitcoin to show it’s a good alternative to cash – but he isn’t selling his personal holding
Tesla CEO, Elon Musk. Frederic J. Brown/Getty Images Elon Musk said Tesla sold 10 percent of its own bitcoin holdings to show it's a good alternative to cash. The billionaire added he hasn't offered any of his personal bitcoin holdings. Tesla beat Wall Street expectations for profit on Monday, but fell short on earnings. Sign…
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Alaska’s GameStop stake soared over 700% last quarter – and its Tesla bet has gone from $0 to $85 million in 18 months
Alaskan sled dogs. Reuters/Nathaniel Wilder Alaska benefited from the GameStop buying frenzy in January.The state's GameStop holding surged more than 700% to $7 million last quarter.Alaska also owns over $85 million of Tesla stock, after eliminating its stake in 2019.See more stories on Insider's business page. There have been several surprising beneficiaries of the GameStop…
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Global stocks pull back from record highs as COVID-19 cases rise at the fastest rate since the pandemic began
JOHANNES EISELE/AFP/Getty Images Global stocks broadly pulled back from record highs as COVID-19 cases worldwide rose. The stock market's "fear gauge" logged its biggest daily rise in three weeks. The unveiling of a proposed European super league boosted some soccer clubs' shares. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.…
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Tesla will surge 58% from current levels with improved battery supply set to drive an $8 billion energy business, Canaccord says
Elon Musk, CEO of Tesla, Using a Powerpack unit the background Contrasts Lawsuit of batteries for homes, businesses, and utilities at Tesla Design Studio April 30, 2015 at Hawthorne, California Kevork Djansezian/Getty Images Tesla could spike 58% from present levels as it changes focus to its own energy storage company, Canaccord Genuity analyst Jed Dorsheimer…
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MicroStrategy will now pay non-employee board members entirely in bitcoin
MicroStrategy Incorporated logo seen exhibited on a smartphone. Photo Illustration from Rafael Henrique/SOPA Images/LightRocket through Getty Images MicroStrategy said it is paying its non-employee supervisors entirely in bitcoin rather than cash. Under the new agreement, reimbursement is going to be converted into bitcoin from US bucks. This movement reinforces the plank 's commitment to bitcoin…
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First North American bitcoin ETF soars past $1 billion under management as interest in crypto booms
US regulators are yet to approve bitcoin ETFs. Cesc Maymo/Getty Images North America's first bitcoin ETF has soared past the $1 billion assets under management mark.The Purpose bitcoin ETF, ticker BTCC, is reaping rewards from being the first to launch in Canada.US regulators are yet to approve an ETF, but major firms are vying to…
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JPMorgan and UBS invest in Ethereum developer ConsenSys as part of $65 million funding round
The Ethereum network has been at the heart of the boom in NFTs. Dado Ruvic/Reuters JPMorgan, UBS and Mastercard have invested in Ethereum developer ConsenSys as part of a $65 million raise.ConsenSys is at the heart of the Ethereum network, which is central to NFTs and DeFi technology.The investments are the latest sign of big…
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Bitcoin investors should be more aware of its history of bubbles and price crashes, a crypto entrepreneur explains
Bobby Lee said the history of bitcoin was among bubbles bursting and growing again Dado Ruvic/Reuters Bitcoin investors need to be aware of the strength 's history of large booms and busts, Bobby Lee said.The crypto exchange creator said bitcoin is likely to shoot up further but then crash dramatically.Yet Lee said he’s optimistic about…