- Microstrategy (MSTR) stock went up by 11.03% last night alongside other crypto-related stocks, such as Riot Platforms (RIOT) and Marathon Digital Holdings Inc (MARA), as Bitcoin surged 7%.
- The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite fell while distressed First Republic Bank received a $30bn rescue, causing concern for the banking sector, leading Bank of America, JPMorgan Chase & Co, and Wells Fargo down, while tech stocks rose boosted by Morgan Stanley's lifting of its rating on Nvidia and an artificial intelligence fueled boost to chip demand, as well as RIOT, MARA and MSTR gaining on surging bitcoin prices.
- Microstrategy (MSTR) stock rose by 7% along with other crypto equities after the banking crisis this week drove renewed interest in Bitcoin.
- Shares of Signature Bank and Silvergate Capital Corporation, two banks for cryptocurrency firms, plummeted in value following news that Silvergate would voluntarily liquidate, citing recent industry and regulatory developments. This caused concerns about the financial condition of banks involved with cryptocurrency, and firms such as MicroStrategy saw their stocks go down as well.
- Microstrategy(MSTR) stock went down 9.41% last night due to the announcement of Silvergate bank, a leading bank for crypto firms, planning to wind down operations.
- Microstrategy's stock (MSTR) went down 9.41% due to concerns surrounding the cryptocurrency industry after Silvergate, a leading bank for crypto firms, announced plans to wind down operations.
- Shares of crypto-related companies, including Microstrategy (MSTR), went down on Thursday after the collapse of Silvergate, which could have significant implications for crypto regulations in the US and banks' ability to deal with digital asset platforms and cryptocurrency brokerages.
- MicroStrategy's (MSTR) stock went down by 9.41% due to the news of Silvergate Bank's liquidation, which is a crypto-friendly lender that enabled banking for many crypto companies and whose collapse will intensify regulatory scrutiny on banks' relationship with digital asset entities, according to Bitwise Asset Management's CIO Matt Hougan.
- Shares of Silvergate Capital fell by as much as 11% after the bank suspended its cryptocurrency payments network; this led to a drop in several crypto stocks, including MicroStrategy, which declined by 3.8%.
- Domo's founder and former CEO, Josh James, has returned to the role after just one year, following the departure of his replacement, John Mellor, with Domo revealing renewed focus on growth; Domo's slow growth had affected its stock price and may have played a role in Mellor's exit.
- The article mentions that Silvergate Capital stock went down due to the suspension of its crypto payments network but does not provide any specific reason why Microstrategy stock went up.
- Regulators are reportedly in urgent talks with Silvergate to find ways to save the crypto-friendly bank, which led to uncertainty over its financial situation and pummelled Silvergate stock by over 50%, however, last night, MicroStrategy (MSTR) stock was up 0.55%.
- The White House is closely monitoring the situation regarding Silvergate, a crypto bank whose solvency has been uncertain since the start of March, causing major crypto firms such as Coinbase, Circle, Paxos, Bitstamp, Galaxy, MicroStrategy and Tether to cut ties, leading to a drop of roughly 60% in Silvergate's stock price (SI) and a 5.5% drop in the total combined market cap of crypto to $1.072 trillion.
- MicroStrategy(MSTR) stock went down by 2.53% last night due to concerns over the crypto market as China-based mining hardware manufacturer, Canaan, reported an 82.1% drop in revenue in the fourth quarter of 2022.
- Several crypto firms, including Coinbase and Paxos Trust, plan to suspend banking with Silvergate Capital after the digital-currency player warned it's evaluating its ability to survive; in response, Silvergate's stock price plunged to close 58% lower on Thursday and was down 5.24% in premarket trading on Friday, with fears swirling that its troubles would spread through the crypto sector, although MicroStrategy said it doesn't have any financial relationship with the lender, other than a loan it needs to pay back by 2025.
- MicroStrategy(MSTR) stock was down by -2.36% last night, possibly due to the news of the postponement of Silvergate Bank's annual report, which has caused concerns about the bank's potential bankruptcy, despite both MicroStrategy and Tether denying any significant exposure to it.
- MicroStrategy (MSTR) stock went down 2.36% due to the news of Silvergate Bank postponing the filing of its annual report which raised fears of the cryptocurrency bank facing bankruptcy.
- While Bitcoin continues to hold below the $25k resistance level, the 50-day moving average could provide support around $23k, with bullish breakout more likely, and positive economic news such as fewer job creations in the US for January, raise Bitcoin's market value despite the drop in Tesla's Bitcoin holdings, and despite a shrinking number of top-tier Bitcoin whales as institutional investors continue to place substantial bets on Bitcoin, and one user claims it outperformed other asset classes ranked by Goldman Sachs' 2022's best-performing asset.
- MicroStrategy's (MSTR) stock went down by 2.36% after cryptocurrency exchange Kraken informed its non-corporate clients that they would no longer be able to make deposits and withdrawals using Signature Bank, which had previously announced it would limit its exposure to cryptocurrencies.
- MicroStrategy (MSTR) stock went down by 1.95% following concerns that its primary lender, Silvergate Capital (SI), may not be able to continue as a "going concern" after it had to delay its 10-K filing and other crypto-focused banks like Coinbase, Galaxy Digital, Kraken and Paxos have ended their relationships with the bank following its filing news.
- Microstrategy's (MSTR) stock declined by 1.95% due to the announcement that they have a loan from Silvergate not due until Q1 '25 and that their BTC collateral is not custodied with Silvergate, with no other financial relationship with them.
- UK enterprises are making major investments in analytics to empower more employees and executives to make decisions based on data, according to new research from Information Services Group. The U.K. Provider Lens Analytics Platforms report indicates organizations are focusing on deriving value from data, driving up investment in real-time insights and rapid decision-making, including embedded analytics and business intelligence platforms and data governance tools. Meanwhile, most UK enterprises are still at early stages of maturity in using analytics.
- MicroStrategy (MSTR) founder and Executive Chairman Michael Saylor has lost a bid to dismiss claims that he failed to pay personal income taxes, interest and penalties due for Washington, D.C., which may have attributed to the -1.95% dip in the stock price.
- MicroStrategy's (MSTR) stock went down by 1.95% after the company converted all its cash reserves into Bitcoin under the leadership of executive chairman Michael Saylor, who believes that Bitcoin is the only cryptocurrency that can replace traditional currencies and gold as a global type of money, and therefore, it is the only safe and stable value store on the market today.
- Microstrategy, a provider of financial technology and analytics, announced that it will use a short-term sale for tax purposes.
- Microstrategy is accumulating Bitcoin and its stock goes up.
- InvestorsObserver has issued a PriceWatch Alert for CMC, BABA, AAPL, MSTR, and TSM, warning about possible stock price increases.
- Short sellers bet against overvalued assets, and in the case of technology stocks, these bets have paid off in the last year.
- Ethereum is up in a six months period, Jan 2023 while bitcoin is still down a bit during that period.