Point Roberts, WA and Delta, BC – September 13, 2021 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.
Listen to today’s Crypto Corner Podcast:
Crypto Corner Podcast 672: Stocks discussed: (NasdaqGS: COIN) (NasdaqGS: MSTR) (NasdaqCM: HVBT)
Crypto Corner Episode 672: Coinbase Announces $1.5B Senior Note Proposed Private Offering, MicroStrategy Makes Further BTC Purchase, and HIVE Gives Update on Canadian Expansion and Ticker Symbol Change
Stocks discussed: (NasdaqGS:COIN) (NasdaqGS:MSTR) (NasdaqCM:HVBT)
Coinbase (NasdaqGS:COIN) has announced the proposal of a private offering of $1.5 billion of its Senior Notes due 2028 and 2031. According to the press release, “the interest rate, redemption provisions, and other terms of each series of notes will be determined by negotiations between Coinbase and the initial purchasers.” The aim of the offering is to boost the company’s balance sheet, and proceeds are intended for general corporate purposes, “which may include continued investments in product development, as well as potential investments in or acquisitions of other companies, products, or technologies that Coinbase may identify in the future.”
MicroStrategy Incorporated (NasdaqGS:MSTR) has announced another Bitcoin (BTC) purchase today, this time reporting in a Form 8-K filing the buying of approximately 8,957 bitcoins for about $419.9 million in cash in its Q3 2021. CEO Michael Saylor tweeted that the company “purchased an additional 5,050 bitcoins for ~$242.9 million,” and that, as of yesterday, MicroStrategy held a total of about 114,042 bitcoins. The total of 8,957 reported in today’s Form 8-K filing comprises the 5,050 Saylor refers to, as well as a purchase of 3,907 bitcoins earlier in the quarter.
HIVE Blockchain Technologies Ltd. (NasdaqCM:HVBT) has provided an update on its data center construction in New Brunswick, Canada, as well as an upcoming change to its ticker symbol. Regarding the former, the press release reads:
“Construction is in full throttle with our Canadian expansion which will enable HIVE to deploy an additional 20MW of green and clean Bitcoin mining before the end of calendar 2021, with an additional 20MW on schedule to come online within first quarter of calendar 2022. We expect this expansion to add over 900 Petahash per second to our Bitcoin production and enable HIVE to HODL more virgin coins.”
HIVE also announced that effective tomorrow, Tuesday September 14, 2021, its ticker will be changing from “HVBT” to “HIVE” on the Nasdaq’s Capital Markets Exchange. The company’s executive chairman, Frank Holmes, commented:
“I am thrilled that we will make it much easier for Hive Blockchain technology investors and traders in both Canada and the US to have only one ticker. We are very thankful to NASDAQ in assisting us with acquiring the original symbol “HIVE” that relates to our name. This is important in branding and positioning our name in the minds and hearts of investors and traders as the first crypto mining company and only mining with green energy.”
Sam Mowers, Investorideas
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