Twitter Stock Jumps 20% Following Reports the Company Is Weighing the Possibi...
Buoyed by reports that Twitter has been studying the possibility of adding bitcoin to its balance sheet, the company’s stock surged to a new 52-week high of $73.18 on Feb. 12. Before the surge, the stock had been trading at just under $60 on Feb. 9. At the time of writing, Twitter’s market capitalization stood at $57.20 billion. Telsa’s BTC Move an Inspiration Reports of Twitter’s possible bitcoin acquisition follow Tesla’s announcement that it had acquired BTC worth $1.5 billion. Tesla’s acquisition is fueling speculation that more large corporations....
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Dogecoin once again proved its strong ties with self-proclaimed “Dogefather” Elon Musk who highlighted his Twitter takeover on Thursday evening with reports of him firing key officials of the social media giant. Still riding the momentum of the bullish run that the crypto market experienced just days ago, DOGE capitalized on the Musk-related development as […]
Next Technology Holding (NASDAQ: NXTT) said it filed for a shelf registration that would let the company offer up to $500 million of common stock, and reports say some of the money could be used to buy more Bitcoin. According to the filing, the move gives the company flexibility to raise cash over time. Related […]
Twitter is continuing its push to be a web3 frontrunner this week. According to reports first surfaced by established software frontend dev Jane Manchun Wong, a new web3 based crypto wallet is in the works for the social media company. Let’s look at what we know in the early hours of these reports, and what […]
A deal that would have seen Chinese manufacturer Shandong Luyitong purchase bitcoin mining hardware firm Canaan is no more. The deal is said to have been scuttled as a result of apprehension on the part of regulators from the Shenzhen Stock Exchange, which was weighing whether to approve the deal, first revealed in June. Representatives from Canaan said that following months of auditing, stock exchange officials balked because of the perceived risks and uncertainty surrounding both the company and bitcoin as a technology. Luyitong did not immediately respond to a request for comment. Signs....
Twitter shareholders would receive $54.2 per share on their holdings as part of the deal, but Musk has said earlier that he might take the company public again in 3-5 years. Social media giant Twitter was officially acquired by Elon Musk on Oct. 27 in a deal that saw a war of words, a court battle and some firings right away. Musk acquired the social network platform at $54.2 per share price, bringing the total value of the deal close to $44 billion. Musk is also taking the company private as part of the deal resulting in the delisting of the company’s stock and taking it out of the hands....