Strategy’s shares fell 1.4% in after-hours trading despite posting a company-record $10 billion in profit in the second quarter, as CEO Phong Le called the Bitcoin-holding company the “most misunderstood and undervalued stock” in the market. Strategy’s operating income rose 7,100% year-on-year (YOY) to $14 billion, the company Michael Saylor co-founded said in its earnings … Read more
Strategy’s shares fell 1.4% in after-hours trading despite posting a company-record $10 billion in profit in the second quarter, as CEO Phong Le called the Bitcoin-holding company the “most misunderstood and undervalued stock” in the market. Strategy’s operating income rose 7,100% year-on-year (YOY) to $14 billion, the company Michael Saylor co-founded said in its earnings … Read more
Strategy’s shares fell 1.4% in after-hours trading despite posting a company-record $10 billion in profit in the second quarter, as CEO Phong Le called the Bitcoin-holding company the “most misunderstood and undervalued stock” in the market. Strategy’s operating income rose 7,100% year-on-year (YOY) to $14 billion, the company Michael Saylor co-founded said in its earnings … Read more
Strategy’s shares fell 1.4% in after-hours trading despite posting a company-record $10 billion in profit in the second quarter, as CEO Phong Le called the Bitcoin-holding company the “most misunderstood and undervalued stock” in the market. Strategy’s operating income rose 7,100% year-on-year (YOY) to $14 billion, the company Michael Saylor co-founded said in its earnings … Read more
Tether International Ltd., the holding company behind the largest stablecoin, USDT, posted second-quarter net profit of $4.9 billion. The company held over $162.5 billion in reserves against $157.1 billion in liabilities, the USDT tokens issued, according to the latest attestation by accounting firm BDO. That puts excess reserves at $5.4 billion. Exposure to U.S. Treasuries, … Read more
Apple’s AI-enhanced iPhone made a strong start, pushing quarterly sales ahead of Wall Street expectations, but a modest revenue forecast raised questions about whether that momentum will hold over the holiday sales season. A decline in China sales during the fourth quarter also concerned some analysts and investors, helping send shares down 1.4% in after-hours … Read more
Key Takeaways: Bitcoin rallied to $120,000 on Coinbase, led by BlackRock’s spot ETF, which now holds over 700,000 BTC, surpassing Strategy. BTC Long-Term Holder NUPL remains below overheated levels, indicating minimal profit taking. Daily transactions are rising without panic selling, while accumulation addresses hold a yearly high of 250,000 BTC. Bitcoin (BTC) extended its July … Read more
Facebook announced over $9 billion (roughly Rs. 67,550 crore) in quarterly profits, hours after a US news collective published a deluge of withering reports arguing the company prioritises its growth over people’s safety. The social media giant has been battling a fresh crisis since former employee Frances Haugen leaked reams of internal studies showing executives … Read more
Sony on Thursday reported a 1 percent rise in operating profit for its second quarter, beating estimates, as a stronger performance in its electronics business offset a fall in gaming profit. The Japanese tech giant says that it has sold over 13 million units of PlayStation 5. Sony reported profit of JPY 318.5 billion (roughly Rs. … Read more
As we enter the final week of 2024, most cryptocurrencies have registered gains on the price charts. Bitcoin showed a gain of over one percent over the last day on Monday, December 23. At the time of writing, BTC was trading at the price point of $95,661 (roughly Rs. 81.3 lakh) on global exchanges, showed … Read more