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MicroStrategy Buys Big Again: 5,262 Bitcoins Added for $561M
- MicroStrategy has bought 5,262 Bitcoins for approximately $561 million at an average price of $106,662 per Bitcoin bringing its total holdings to 444,262 BTC.
- This is the seventh major acquisition in seven weeks, and the company's focus on Bitcoin has increased since adopting a Bitcoin-centric strategy in 2020.
- At $92,000, Bitcoin's value has shown signs of stability in recent weeks, and MicroStrategy's consistent investment in the digital asset shows long-term commitment to the strategy.
- With an estimated unrealized profit of $15 billion on its Bitcoin holdings, Microstrategy remains the largest corporate holder of Bitcoin as of December 22, 2024.
- The company's upcoming inclusion in the Nasdaq-100 index on December 23, 2024, reinforces its financial standing, strategic focus, and growing influence in both traditional and cryptocurrency markets.
- Bitcoin's recent price correction has led market analysts to identify $85,000 to $90,000 as a crucial support zone determining the cryptocurrency's future direction.
- MicroStrategy's leadership changes reflect its Bitcoin-centric vision as it appoints members with cryptocurrency and financial market experience to take the strategy forward.
- While MicroStrategy's Bitcoin portfolio has generated substantial returns, the company's reliance on equity and debt to fund acquisitions has raised concerns among some investors and analysts.
- Skeptics argue that cryptocurrency market volatility poses significant risks to the company's financial stability, while proponents highlight MicroStrategy's ability to generate substantial returns and position itself as a leader in the digital asset space.
- MicroStrategy's bold moves to promote its $42 billion Bitcoin strategy will be voted on at an upcoming special shareholder meeting.
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Baystreet
14h
134
Image Credit: Baystreet
Altius, BlackBerry, CAE at 52-Week Highs
- Altius Minerals Corporation (T.ALS) reached a 52-week high of $27.14.
- BlackBerry Limited (T.BB) reached a 52-week high of $5.58.
- CAE Inc. Unlimited (T.CAE) reached a 52-week high of $35.39.
- Element 29 Resources Inc. (V.ECU) reached a 52-week high of 61 cents.
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TronWeekly
14h
193
Image Credit: TronWeekly
Bitcoin’s Decline Opens a Door for Dogen to Surge to $30 With 25,000% Potential
- With Bitcoin's value dropping, attention turns to Dogen, a potential rising star in the crypto market.
- DOGEN is a bullish meme token, expected to surge to $30 with a potential return of 25,000%.
- DOGEN offers exclusive campaigns for early adopters and a referral program with potential earnings.
- BTC and other leading coins show less short-term potential, making DOGEN an attractive choice for potential growth.
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Bloomberg Quint
14h
196
Image Credit: Bloomberg Quint
Buy, Sell Or Hold: M&M, IOC, Asian Paints, Oil India, Varun Beverages — Ask Profit
- Market analysts provide insights for short-term and long-term investors on buying, selling, or holding shares of Shakti Pumps, Varun Beverages, and others.
- KPIT Technologies: Analyst suggests selling on rise as downside potential is expected.
- Aurobindo Pharma: Analyst recommends buying, stating it as a good stock for the long term.
- Indian Oil Corp: Analyst advises holding due to attractive dividend yield and potential upside in the long term.
- Asian Paints: Analyst suggests selling on rise as the stock shows a lower-high, lower-top pattern.
- M&M: Analyst recommends holding, citing strong sales demand and low consumption.
- Oil India: Analyst suggests holding for long term, as the stock corrects from high levels.
- Shakti Pumps: Analyst suggests selling in the short term and holding for the long term.
- Varun Beverages: Analyst advises holding, as the stock consolidates and has potential for a bullish trend.
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HinduBusinessLine
14h
167
Image Credit: HinduBusinessLine
GST on sale of used and old EVs: The fineprint
- The GST Council has recommended increasing the GST rate to 18% from 12% on the sale of all old and used vehicles, including EVs, except for specified petrol vehicles, diesel vehicles, and SUVs.
- This recommendation aims to unify and prescribe a single rate of GST on the sale of all old and used vehicles, including EVs.
- There is no new tax implemented for the sale of old and used vehicles.
- Only registered persons, such as businesses involved in the purchase and selling of old and used vehicles, are liable to pay GST.
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Guardian
14h
65
Image Credit: Guardian
UK must be less dependent on China for critical minerals, says thinktank
- The UK must become less dependent on China for critical minerals, according to a report by Labour Together.
- The report suggests reducing reliance on China by building partnerships with other countries to 'de-risk' supply chains.
- China's dominance in critical mineral supply chains creates vulnerability for the UK, especially after Brexit.
- The report emphasizes the importance of engaging with China on mining standards and calls for improved coordination, international partnerships, and responsible investment.
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VentureBeat
14h
276
My most anticipated games of 2025 | The DeanBeat
- This is a list of the most anticipated games of 2025.
- The list includes games from Nintendo, Retro Studios, TinyBuild, Ken Levine's Ghost Story Games, and more.
- It features a mix of small and big games that should inspire gamers and those working in the game industry.
- Some notable companies mentioned are Ubisoft, Kojima Productions, Naughty Dog, and Rockstar Games.
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VentureBeat
14h
142
How Etermax took Trivia Crack World to Meta Quest VR headsets
- Trivia Crack World is a new virtual reality game launched by Etermax on Meta Quest on November 28, 2021, which transports players to an immersive and interactive amusement park.
- The purpose is to present a refreshing alternative to typical VR titles, offering a dynamic and engaging experience for casual gamers, trivia enthusiasts and families alike.
- Trivia Crack World is set in a vibrant knowledge-themed amusement park, where players can interact with Trivia Crack’s beloved characters in real-time in real time.
- The aim of the game is to bring the fun of a trivia night out with friends and family to your living room. Players aged 13 and older can compete in various trivia challenges and explore trending topics in multiple languages while interacting with a global online community.
- The VR game involved a team of more than 20 people, including designers, programmers, and others, who did support from the extended staff team at Etermax throughout the development of the launch plan.
- Trivia Crack World aims to bring trivia to the next level and offers a multiplayer version of the trivia game in addition to a solo play version.
- The VR game also includes user-generated questions where players can create more local content relevant to their own city or country.
- Trivia Crack World is available in English, Spanish, Portuguese, French, Italian and German, and it can also be played on Android, iOS, and Windows devices.
- In addition to this, Trivia Crack has now added new themed attractions and a new space where players can spark their curiosity and enjoy thrilling challenges hosted by the game's characters.
- Coming just in time for Christmas, players will be able to explore two new immersive attractions: Tito's Safari and Albert's Lab, and an enhanced experience in Hector's Museum.
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Crypto-News-Flash
14h
182
Image Credit: Crypto-News-Flash
The Best Crypto Presales of Early 2025 Ready for Takeoff – See Our Best Picks!
- BlockDAG (BDAG) is leading the 2024 crypto presale arena with its pioneering DAG technology, targeting a 30,000x ROI.
- Dogizen (DOGIZ) is a promising presale for 2025, pioneering the Web3 gaming frontier and integrating users into various games.
- Wall Street Pepe ($WEPE) has gained traction and raised over $32.5 million, offering unique investment insights.
- PEPETO ($PEPETO) offers historical adventures with an attractive staking option, already securing $2.8 million in its presale.
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HinduBusinessLine
14h
214
Image Credit: HinduBusinessLine
Lending, good and bad
- There is a need to crack down on unregulated lending by digital apps and platforms.
- A distinction should be made between digital lenders and the informal credit market.
- The proposal to ban unregistered digital lenders is a good step to prevent money laundering and systemic risks.
- The penalties specified in the Bill are stringent and may have adverse socio-economic consequences.
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Bloomberg Quint
14h
142
Image Credit: Bloomberg Quint
Dabur Vs Patanjali: The Chyawanprash Showdown Hits Delhi High Court
- Dabur India has moved the Delhi High Court seeking to restrain Patanjali from running misleading advertisements featuring Baba Ramdev to disparage its Chyawanprash product.
- Dabur alleges that an advertisement by Patanjali falsely claims that only their Chyawanprash is authentic, and all other brands lack the traditional Ayurvedic knowledge required for its preparation.
- Senior Advocate Akhil Sibal argued that such claims damage the reputation of competitors and mislead consumers.
- Patanjali has a history of running misleading advertisements and Dabur has demanded a detailed account of profits made illegally from the disputed advertisements.
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HinduBusinessLine
14h
342
Image Credit: HinduBusinessLine
Letters to Editor
- Microfinance sector plays a crucial role in catering to the needs of low-income, underserved, unbanked, and marginalized sections of society.
- Challenges in the sector include borrower over-leveraging and high interest rates, leading to repayment defaults.
- The adoption of technologies like AI and ML can help MFIs streamline their operations and prevent over-leveraging.
- Railways should focus on implementing safety systems like Kavach and completing Gati Shakti MultiModal Cargo Terminals for better freight movement.
- The recent meeting of the commission did not address rate rationalization, fuel taxation, and exemptions, causing disappointment among taxpayers.
- BR Ambedkar, an outlier among freedom struggle icons, had versatility in politics, economics, and social sciences.
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HinduBusinessLine
14h
65
Image Credit: HinduBusinessLine
Erosion of purchasing power reflected in sales growth of non-financial non-government corporations
- The erosion of purchasing power is reflected in the sales growth of non-financial non-government corporations.
- Corporations are hesitant to invest in fixed assets due to subdued demand conditions and price shocks.
- Slowdown in consumer demand is linked to slower corporate wage growth.
- Slowing rate of nominal GDP could hinder fiscal spending and achievement of budgetary targets.
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HinduBusinessLine
14h
255
Image Credit: HinduBusinessLine
IndiQube files DRHP to raise ₹850 crore
- IndiQube has filed its Draft Red Herring Prospectus (DRHP) to raise ₹850 crore.
- The company plans to utilize the funds for establishing new centers, repayment of borrowings, and general corporate purposes.
- In FY24, IndiQube reported a total income of ₹867.6 crore and EBITDA of ₹263.4 crore.
- IndiQube manages 103 centers in 13 cities, covering 7.76 million square feet with a seating capacity of 172,451.
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HinduBusinessLine
14h
277
Image Credit: HinduBusinessLine
Frequently Asked Questions: GST rate applicable on popcorn
- There has been no increase in the GST rate on popcorn in the recently held GST Council meeting.
- The varying GST rates for different types of popcorn are based on the classification under the Harmonised System (HS).
- The clarification issued by the GST Council aims to resolve classification disputes for ready-to-eat popcorn mixed with salt and spices.
- Popcorn served in theaters will continue to attract a 5% GST rate as long as it is supplied independent of the cinema exhibition service.
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