Big Tech Leads Strong Corporate Earnings Amid Mixed Results
Big Tech companies are dominating earnings reports this quarter, even as the overall market remains volatile and skittish.
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Publicly Traded Companies
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Metaplanet Surpasses Coinbase as Ninth-Largest Bitcoin Holder
Metaplanet, a Tokyo-based company, has increased its Bitcoin holdings to 10,000 BTC, surpassing Coinbase to become the ninth-largest publicly traded Bitcoin holder, with recent purchases funded by a $210 million bond issuance and demonstrating strong Bitcoin yield performance.
Crypto Treasury Firms and the Growing Influence of Bitcoin Holdings
Publicly traded companies are increasingly buying Bitcoin as part of a 'bitcoin treasury' strategy, driven by motives like inflation hedging and industry support, with MicroStrategy owning the largest share. This trend is fueled by the rising value of Bitcoin and restrictions on direct investment, but carries risks if Bitcoin prices fall. The strategy has led to significant stock price increases for some companies, though its long-term viability is debated.
"Race to the Moon: Houston's Intuitive Machines Leading the Commercial Lunar Landing Revolution"
As the space industry continues to grow, publicly-traded space companies face the challenge of connecting with investors and the broader public. Intuitive Machines CEO Steve Altemus discusses the importance of engaging shareholders and the public while preparing for the company's lunar mission. Balancing the excitement of a moon landing with the need for long-term stability, companies like Intuitive Machines aim to showcase technological progress and milestones along the way. The space industry must find ways to break out of the "space bubble" and connect with a wider audience to ensure continued growth and investment.