Streetbeat News

Assets

TSLA

Tesla Inc. (NASDAQ:TSLA) holds 9,720 BTC after selling some of its initial 43,200 BTC purchased at $34,722.22 each. To break even on its $1.5 billion investment, Bitcoin would need to reach approximately $154,320.99. Tesla ranks fourth among companies with the largest Bitcoin portfolios. In Q4, Tesla reported $25.17 billion in revenue, a 3% YOY increase but below expectations, and an EPS of 71 cents, missing estimates by 3 cents. Tesla shares are down 3% after-hours to $201.95.

Portfolio Pulse from Mehab Qureshi

January 25, 2024 | 10:50 am

CHTR

SPY

Charter Communications received the highest amount of $3.01 billion from the Affordable Connectivity Program, surpassing all other companies in the funding received.

Portfolio Pulse from Charles Gross

January 25, 2024 | 10:33 am

NVDA

NVIDIA Corporation (NASDAQ:NVDA) has introduced new features and products to enhance gaming and creative experiences on PCs. The RTX Video HDR, available through the January Studio Driver, uses AI to convert SDR video to HDR on HDR10 displays. NVIDIA also released the RTX Remix open beta for game modders, and launched the GeForce RTX 4070 Ti SUPER GPU. These innovations follow NVIDIA's market cap reaching $1 trillion and a stock gain of over 200% in 2023, reinforcing its leadership in technology and AI infrastructure.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 10:07 am

DIS

Zee Entertainment, an Indian media company, has informed Disney that it will not proceed with the deal to pay approximately $1.4 billion for the cricket TV rights that it had acquired. This decision could have implications for Disney's financial and strategic plans in the Indian market.

Portfolio Pulse from Charles Gross

January 25, 2024 | 10:06 am

TALO

Talos Energy has increased its proposed offering of second-priority senior secured notes from $1 billion to $1.25 billion. This upsizing indicates the company's ability to raise more capital than initially anticipated.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 7:54 am

BB

BlackBerry Limited has announced the pricing of an upsized private offering of $175 million in 3.00% Convertible Senior Notes due 2029. The notes are priced at a 32.50% conversion premium over the closing share price of $2.93 on January 24, 2024, on the New York Stock Exchange.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 7:27 am

BITB

BTCUSD

Bitwise Asset Management revealed the wallet addresses for its Bitwise Bitcoin ETF (BITB), allowing public tracking of its holdings and transactions on the blockchain. The ETF holds 11,858 Bitcoin, valued at approximately $474 million. Balaji Srinivasan praised the move as a step towards on-chain accounting. Despite no new inflows on the day, Bitwise has seen $518 billion in inflows over a week, trailing only behind BlackRock and Fidelity's Bitcoin ETF inflows. Bitcoin's price was down 3.08% at $39,699.

Portfolio Pulse from Mehab Qureshi

January 25, 2024 | 5:38 am

BTDR

North Korea-affiliated hackers have stolen over $1 billion in crypto assets by targeting 20 cryptocurrency platforms in 2023, according to Chainalysis. This marks a decrease from the $1.7 billion stolen in 2022. The FBI identified the Lazarus Group as responsible for a $41 million theft from Stake.com. The U.S. Department of the Treasury sanctioned Sinbad.io, a mixer used by Lazarus Group for money laundering. Reports indicate these thefts fund North Korea's nuclear weapons programs. The trend of increased North Korean cyber-espionage, including potential election interference, is concerning for global security.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 4:48 am

TSLA

Tesla Inc (NASDAQ:TSLA) maintained its Bitcoin reserves in Q4 2023, with no purchases or sales, holding steady at $184 million. Tesla ranks fourth among public companies in Bitcoin holdings. Despite a revenue increase, Tesla missed Q4 revenue and EPS estimates, with shares down 3% in after-hours trading. Bitcoin was trading at $40,060, up 0.52%.

Portfolio Pulse from Mehab Qureshi

January 25, 2024 | 3:43 am

BTCUSD

DOGEUSD

ETHUSD

HNTUSD

PENDLEUSD

Cryptocurrencies traded mixed amid macroeconomic concerns, with Bitcoin slightly up and Ethereum down. The U.S. dollar index rebounded, reducing expectations for interest rate cuts. The S&P 500 and Nasdaq ended positively, while the Dow Jones fell. Analysts suggest Bitcoin is nearing a critical support level and whales continue to accumulate despite market corrections.

Portfolio Pulse from Mehab Qureshi

January 25, 2024 | 3:15 am