October 4th, 2021 | 11:29 CEST
MicroStrategy, BIGG Digital Assets, Coinbase - Big News
Table of contents:
BIGG Digital Assets - A Milestone
The fact that an investment in cryptocurrencies or crypto-related companies is not for the faint of investor heart is demonstrated by the share price performance of BIGG Digital Assets. After the price of the Canadian Company was still below CAD 0.20 last December, it exploded to over CAD 4.00 due to the generally positive market sentiment and increasing turnover on the Netcoins trading platform. Due to the correction on the crypto market, BIGG's share price then plummeted again and fell to a low of CAD 0.60. Currently, the Company is trading at a level above CAD 1.00 again, driven by big news.
Thus, Netcoins, a trading platform of cryptocurrencies and 100% stake of BIGG Digital Assets, was registered as a restricted trader by the Canadian authorities. As a result, BIGG is the only listed Company in Canada to offer access to a regulated trading venue for digital currencies based on blockchain technology. The registration applies to the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Prince Edward Island, and Nova Scotia.
Management plans to leverage the significant advantage over unlicensed competitors in the fourth quarter by adding new currencies, launching Netcoins Pay and other new products, expanding into the US and extending advertising campaigns to new channels.
In addition to Netcoins, BIGG Digital Assets operates Blockchain Intelligence Group, a developer of security solutions around cryptocurrencies. Of particular note is its treasury, which the Canadians currently use to manage around CAD 65 million in various cryptocurrencies. With crypto exchanges on the rise, the Company is benefiting from the growth of its licensed platform Netcoins, in addition to its own currency holdings. At current levels, the Canadians are attractive, with a market capitalization of EUR 219.54 million.
MicroStrategy - Right timing
Those who do not want to invest directly in the currencies are in good hands with the software manufacturer MicroStrategy. Initially, the Company from Vienna in the US state of Virginia developed business intelligence solutions, report generators and online analytical processing. Of interest to crypto disciples, however, is that MicroStrategy has been investing its reserves in cryptocurrencies such as Bitcoin since August of last year and continues to add to them.
As recently as mid-September, another 5,050 Bitcoin were ordered, and the Company now owns a total of around 114,000 Bitcoins. The average price is USD 27,713, according to the Company. The Company currently has more than twice as many Bitcoins as any other publicly traded company in the world. Ranking second on this list is Tesla, with just 42,000 coins.
The share price runs in line with the strike price. Those who believe in rising Bitcoin in the long term should also strike at MicroStrategy at the current level. The Company's illustrious shareholder base is also attractive. Blackrock holds over 15%, Morgan Stanley over 10% and Vanguard Group just under 10%.
Coinbase - Business is booming
Rising currency prices amid high volatility are grist to the mill for crypto exchange operators, including Coinbase, which joined Nasdaq in April. The start for the IPO could not have been more unfortunate, with bitcoin trading at over USD 60,000 at the time, close to its all-time high. Thus, after a fantastic debut and prices above USD 420, the stock corrected to currently USD 231.35, offering long-term opportunities ahead of a bull run at current levels.
The USD 48.76 billion stock market operator already shone with solid figures for the second quarter at the end of August. Accordingly, the profit in the second quarter of the year exploded by 4900% to USD 1.6 billion. Currently, the Americans are trying to raise fresh capital in the amount of USD 1.5 billion via 2 bonds on the capital market. According to a report by the Bloomberg news agency, the maturities of the two planned bonds are seven and ten years, but further details such as the interest rates have not yet been announced.
The freshly raised capital is to be used for acquisitions of other companies and investments in product development. Coinbase has already welcomed two mergers to its portfolio this year - the blockchain Company Bison Trails and the data analysis provider Skew.
Clear positive signals were shown in the past week by Bitcoin, Etherum & Co. It could be the beginning of a new upward trend. BIGG Digital Assets, Canada's first listed trading platform, should benefit from this in several areas. MicroStrategy, as well as Coinbase, also have potential in a rising market.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.
Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on news.financial. These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.