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Assets

NVDA

NVIDIA (NASDAQ:NVDA) has significantly outperformed the market with an average annual return of 48.3% over the past 15 years, turning a $1000 investment into $367,122.84. The company's market capitalization now stands at $2.26 trillion.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:01 pm

GBTC

IBIT

Bitcoin spot ETFs experienced significant net inflows of $332 million on March 6, outperforming gold ETFs. The Grayscale Bitcoin Trust (GBTC) saw a net outflow of $276 million, while BlackRock's iShares Bitcoin Trust (IBIT) led with $281 million in net inflows, totaling $9.45 billion historically. The approval of the first Bitcoin spot ETF in January 2024 and its comparison to the first gold ETF's impact on gold prices highlight the growing investor interest in cryptocurrency as an asset class.

Portfolio Pulse from Murtuza Merchant

March 07, 2024 | 1:55 pm

BTCUSD

MOGO

Mogo Inc. has announced the addition of Bitcoin to its treasury management strategy, with an authorized initial investment of $5 million. This move reflects the company's growing interest in cryptocurrency as a viable asset for corporate treasury management.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:45 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) reported a 64% increase in Bitcoin mined in February 2024 compared to the previous year, totaling 287 Bitcoins. The company introduced its first Bitcoin mining chip, the 4nm SEAL01, designed for the new SEALMINER A1 machines, marking its entry into the ASIC production space. Bitdeer also announced progress on its infrastructure projects, including the commencement of land preparation for a 221MW datacenter in Ohio and the ongoing construction of a 175MW immersion cooling datacenter in Norway, both expected to be operational by mid-2025.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:44 pm

CTXR

Citius Pharmaceuticals has successfully obtained $2.4 million in non-dilutive capital through the New Jersey Economic Development Program by converting its net operating losses. This financial maneuver provides the company with additional capital without diluting existing shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:35 pm

BNZI

Banzai, identified by the ticker BNZI, is expanding its operations to include a new business unit, investment in technology, and a broader strategic focus to serve more customers, following an increase in demand for its Reach audience acquisition solution in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:32 pm

SPY

The USA trade balance for January reported a deficit of $67.40 billion, which is wider than the estimated $63.40 billion and the previous month's $64.20 billion.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:31 pm

VGK

The European Central Bank (ECB) has decided to keep the refinancing rate unchanged at 4.5% and the deposit rate also remains steady at 4.0%. This decision reflects the ECB's current stance on monetary policy amidst economic conditions in the Eurozone.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:17 pm

VGK

The Euro Zone Deposit Facility Rate for March remains unchanged at 4%. VGK, which tracks European equities, may be indirectly affected by this decision.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:16 pm

CW

Curtiss-Wright's (NYSE:CW) short interest has increased by 5.56%, with 320,000 shares sold short, representing 0.95% of its float. This indicates a bearish sentiment among investors, although it's lower than its peer group average of 3.44% short interest. The article suggests that an increase in short interest doesn't necessarily predict a price drop and can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 1:15 pm