Metaplanet spent over $45M to lose $1B investing in bitcoin
Metaplanet has spent tens of millions of dollars operating a bitcoin treasury company that has an unrealized loss of more than $1 billion.
Results for Crypto, Stocks
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KLA Corp insiders cashed out $64M while stock slid 40%
As KLA Corporation stock lost 40% and an estimated $160B in market value from its peak, insiders sold over $64M worth of stock.
DoorDash has outperformed SpaceX by 48% since IPO
A $10K bet at their opening Nasdaq prices on the day of SpaceX’s IPO would have put a DoorDash investor $4.8K ahead.
Confusion surrounds SpaceX’s next share unlock
SpaceX’s next 319 million share unlock has three published dates, but the prospectus confirms one correct answer.
SpaceX crashed too hard for insiders’ bonus unlock
A stock price crash canceled SpaceX insiders’ $80B bonus unlock, and almost nobody in financial media noticed.
Bitdeer crashes 19% in a day after dilutive offering, bad earnings
Bitdeer Technologies shed a fifth of its market value on Monday, closing at a market capitalization of $2.11B, down 19% from Friday’s $2.65B.
Empery Digital’s BTC holdings crater 68% as proxy fight intensifies
A Delaware judge ruled that Empery Digital stockholder names are not a business strategy, ordering an activist to unredact them.
Jefferies slashes SanDisk price target 42% despite record earnings
SanDisk posted record revenue, record margin and a $14B share buyback, and Jefferies cut $1,250 off its stock price target.
Short-seller called Nvidia top by not trusting Jensen Huang
Culper Research shorted Nvidia after guessing the $5T AI giant might be re-routing Chinese demand for AI chips through neighboring countries.
Amazon gained the market cap SpaceX lost in six weeks
On June 16, Amazon and SpaceX had the same market capitalization: $2.65T. Today, Amazon is twice as valuable as SpaceX.