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MicroStrategy's $46 Billion Bitcoin Bet: A Double-Edged Sword for the Market
MicroStrategy's $46 Billion Bitcoin Bet: A Double-Edged Sword for the Market

MicroStrategy’s 439,000 BTC stash showcases bold corporate adoption, but its concentration raises concerns about decentralization and market stability.

BeInCrypto·2024/12/16 20:15
With MicroStrategy joining the Nasdaq 100, analysts weigh what's next for the corporate bitcoin holder
With MicroStrategy joining the Nasdaq 100, analysts weigh what's next for the corporate bitcoin holder

MicroStrategy will enter the Nasdaq 100 on Dec. 23, 2024, the exchange confirmed late Friday night.Analysts view this as a bullish sign for the stock and debate when the corporate bitcoin holder could join the S&P 500.

The Block·2024/12/16 20:00
Flash
  • 21:55
    Three major U.S. stock indexes close mixed
    The three major U.S. stock indexes closed mixed, the Nasdaq fell 0.06%, the S&P 500 index rose 0.16%, the Dow rose 0.25%. Chip stocks lower, AMD fell more than 4%, Micron Technology, TSMC fell more than 2%. Gold stocks rose, Kinross Gold, Erskine Gold rose more than 4%.
  • 20:58
    BlackRock to cut about 1% of its workforce to realign resources and strategy
    On January 9, BlackRock (BLK.N) informed its employees that the company will cut about 1% of its workforce. The group entered into more than $25 billion in acquisition deals last year to expand its business in non-public market assets and data.   BlackRock President Rob Kapito and Chief Operating Officer Rob Goldstein told employees in a memo Wednesday that they plan to realign resources with strategy through the layoffs and other measures. The company has more than 21,000 employees, meaning about 200 will be affected.
  • 20:57
    SOL falls briefly below $190, down 8% in 24 hours
    SOL briefly fell below $190, down 8% in 24 hours
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