Posts by Donte Patton
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British chip designer Arm latest to be hit by Trump tariff uncertainty
www.ft.com/content/fdb712b3-ca3a-4d...
Support for UBI comes from many different places and from people who do not usually work together, follow similar strategies, or adhere to similar ideologies.
Exclusive: Four months after the wildfires threatened to destroy it, the Brentwood home of Formula One heiress Petra Ecclestone and her husband, Sam Palmer, is going on the market for $41.95 million
BREAKING: 🇺🇸 SEC officially drops Ripple $XRP lawsuit.
This! 🙌
#bitcoin #btc #xrp #crypto #cryptonews #SEC
JUST IN: Michael Saylor's 'Strategy' to raise up to $21 billion to purchase more #Bitcoin.
Status before new purchase:
Microstrategy holds 499,096 bitcoins
Avg price: $62,473.01 USD per bitcoin
#btc #microstrategy #xrp #eth
Another great dive into MicroStrategy and Michael Saylor's regulator-baiting pump-and-pump, by @thekrazykobra.bsky.social www.ft.com/content/685c...
“If Wiz indeed reaches $1bn of revenue this year, the deal values it at 32 times sales. The only large tech companies that beat that are digital defence hotshot Palantir and bitcoin-hoarding MicroStrategy.”
🎁 gift article
on.ft.com/41IyRXs Google’s $32bn cloud deal rests on hazy assumptions
Billions Flowed Into New Leveraged ETFs Last Year. Now They're in Free Fall. Wall Street's newest roller-coaster trade, the leveraged single-stock ETF, is plunging Michael Saylor, chairman of MicroStrategy. A fund that offers investors twice the exposure to MicroStrategy has plunged 83% since touching its November high. (PHOTO: LIAM KENNEDY/BLOOMBERG NEWS)
Several popular leveraged exchange-traded funds, which use borrowed money to amplify their bets on one or more asset, have erased most of their value in a matter of weeks. Among the worst performers: A fund that offers investors twice the exposure to shares of MicroStrategy MSTR -1.65% V , the software company- turned-bitcoin collector, has plunged 83% since touching its November high. Another ETF, which offers similar leverage on Tesla TSLA -1.53% 7, is down 80%.
"I've been literally sick to my stomach," wrote one user on a Reddit investing forum who said they bought 200 shares of a leveraged MicroStrategy fund for $200 each on the day the shares peaked in November. On Wednesday, the shares closed at $29.80. Leveraged ETFs emerged last year as one of Wall Street's favorite roller coasters, as investors sought out ways to take bigger risks during the stock market's rally and money-management firms launched a bunch of new funds that capitalized on this demand. Assets under management in leveraged ETFs jumped by 51%, to $134 billion, in the 12 months ending Jan. 31, according to Morningstar.
Them: "I've been literally sick to my stomach”
Me: Hope you die.