Streetbeat News

Assets

COIN

NVDA

TXG

U

VCYT

Cathie Wood's Ark Invest sold over $17 million worth of Coinbase (COIN) shares as the exchange faced disruptions amid a Bitcoin rally. The sale occurred through the ARK Innovation ETF (ARKK), with Coinbase experiencing technical difficulties on the same day Bitcoin reached $64,000. Ark also reduced its NVIDIA (NVDA) holdings, while increasing investments in Unity Software (U) and purchasing shares of Veracyte (VCYT) and 10X Genomics (TXG), indicating a strategic portfolio adjustment.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 4:02 am

DOGE

ETH

SHIB

TRUMP

Erik Stevens turned a $2,708 investment in MAGA Memecoin (TRUMP) into $3.25 million in just over 6 months, marking his first-ever 1,000X trading success. Stevens, who now holds 1.08% of TRUMP's total supply, remains optimistic about its future, citing recent token burns and growing interest. Despite Donald Trump not endorsing MAGA Memecoin, his wallet passively holds over $3 million worth of TRUMP. The success of MAGA Memecoin is highlighted alongside other significant memecoin trades, amidst varying opinions on the value and impact of memecoin trading.

Portfolio Pulse from Ivan Crnogatić

February 29, 2024 | 3:15 am

IBIT

Major cryptocurrencies surged, with Bitcoin hitting a 2024 high of $64,000 before a flash crash to $58,700, attributed to a sell wall and liquidation of overleveraged positions. Over $750M was liquidated in the crypto market, with significant volumes in Bitcoin, Ethereum, and Dogecoin. BlackRock's Bitcoin ETF IBIT saw record trading volumes, indicating strong investor interest. Analysts predict Bitcoin could reach $200K if it breaks the $70,000 level, amidst a backdrop of strong economic indicators and anticipation of the supply halving event.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 3:12 am

MSTR

Michael Saylor, CEO of MicroStrategy Inc. (NASDAQ:MSTR), encouraged Bitcoin holders to accumulate more of the cryptocurrency in a recent tweet. This comes as Bitcoin's price has seen a significant rise, with MicroStrategy being the largest corporate holder of Bitcoin. Benchmark's $990 price target for MicroStrategy is based on the expectation that Bitcoin will reach $125,000 by the end of 2025, driven by factors such as SEC's endorsement of spot Bitcoin ETFs and the fourth Bitcoin halving.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 1:15 am

PARA

The article highlights the achievements of 12 trailblazing Black Wall Street bankers, brokers, and financiers who laid the groundwork for future generations. It mentions the first Black investment firm on the NYSE, Daniels & Bell, founded in 1971, and other pioneers like the first Black woman to pass the NYSE exam, Lilla St. John, and the first Black-owned mutual fund firm, Ariel Investments, founded by John W. Rogers Jr. It also touches on early Black millionaires and billionaires, including Robert L. Johnson, the first Black billionaire, and Oprah Winfrey, the first Black woman billionaire.

Portfolio Pulse from Sue Strachan

February 29, 2024 | 12:26 am

OPT

Opthea reported having $157.1 million in cash and cash equivalents as of December 31, 2023, and provided updates on its business operations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:59 pm

CTRA

Coterra Energy has announced the pricing of a $500 million offering of senior unsecured notes due in 2034. This move could impact the company's financial flexibility and debt profile.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:50 pm

AEM

Agnico Eagle Mines Limited (NYSE:AEM) has acquired 5.75 million common shares of Prism Resources Inc. from Trevali Mining Corporation for C$100,000, representing an 11.07% ownership. The shares were purchased at approximately C$0.0174 each, as part of an investment in Prism, which holds a 7.5% Net Profit Interest royalty on claims that are part of Agnico Eagle's Detour Lake mine property. Agnico Eagle may consider further transactions based on market conditions.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:19 pm

ADAUSD

SHIBUSD

'Dogecoin Killer' Shiba Inu (SHIB) saw a 5.1% increase in price alongside a 111% surge in trading volume, outpacing Cardano (ADA) in the broader crypto market rally. Shiba Inu's trading volume reached $1.26 billion, with a significant increase in large transactions. The community's petition for a Shiba Inu ETF has also gained traction. Developer and marketing comments suggest high expectations for SHIB's growth.

Portfolio Pulse from Khyathi Dalal

February 28, 2024 | 10:14 pm

ITRG

Integra Resources Corp. (ITRG) has exercised an option to acquire seventeen unpatented claims in the Rich Gulch area, adjacent to the Florida Mountain Deposit at the DeLamar Project in Idaho. This strategic acquisition, expected to close by March 8, 2024, will provide operational flexibility for future mining and processing scenarios. The purchase will be made through the issuance of common shares, with a minimum of 840,000 shares at a price determined by the five-day VWAP preceding the closing date. The acquisition is a step towards advancing DeLamar towards a construction decision.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:06 pm