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📈 Coinbase Stock Sees Revenge Rally After Trump Win. COIN stock keeps pumping after Trump's White House win.
💰 BlackRock's Spot Bitcoin ETF Sets Record-Breaking Volume. BlackRock’s IBIT saw $4 billion in trading volume after Election Day.
✂️ Fed Cuts Rate By 25 Basis Points As Expected. The decision fell firmly in line with Wall Street's expectations.
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MARKET VIBES
Untapped Potential
📸 Daily Market Snapshot: Bitcoin has been grabbing headlines in recent days, but ETH has been racking up the more substantial gains as the asset has climbed nearly 15% this week compared to BTC's 8%. ETH remains 42% below the $4,891 all-time high it set three years ago.
Prices as of 6pm ET
24hr
7d
Crypto $2.55T
↗ 1.0%
↗ 9.9%
BTC $75,893
↗ 0.1%
↗ 7.7%
ETH $2,882
↗ 5.6%
↗ 14.4%
LDO $1.28
↘ 5.1%
↗ 23.3%
💧
New Token Rating: Ethereum DeFi tokens have been heavily bid since the election of Donald Trump. Why might LDO be a continued beneficiary of this trend?
Michael Saylor’s MicroStrategy (MSTR) began buying BTC in 2020 and never looked back, transforming the get-along software company into a top-performing stock over the past two bull cycles in the process.
Despite reporting substantial losses every quarter in 2024, MSTR is still handily outperforming BTC, up an additional 200% on the year-to-date basis!
At MicroStrategy’s most recent earnings conference on October 30, firm executives unveiled their “21/21 Plan,” a strategic initiative to raise $42B in capital from a 50/50 mix of share sales and debt issuance in what is slated to become the largest secondary share offering in U.S. stock market history.
Today, we’re unpacking Michael Saylor’s infinite money machine and exploring how MicroStrategy intends to become a trillion-dollar company 💸👇
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Not financial or tax advice. Bankless content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time to time, we may add links in this newsletter to products we use. We may receive a commission if you make a purchase through one of these links. Additionally, the Bankless team holds crypto assets.
