Tag: Stock

GBTC Bitcoin discount nears 50% on FTX woes as investors stock up

[ad_1] The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount. The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel the heat from the debacle over the defunct exchange FTX. FTX woes see Coinbase pledge trust in GBTC...
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Elon Musk offloads $1.1B in Tesla stock

[ad_1] Tesla CEO Elon Musk has offloaded more than one billion dollars worth of shares according to recent financial filings.  Filings submitted on Nov. 11 to the Securities and Exchange Commission confirm the sale of more than 934,000 Tesla shares worth around $1.1 billion. Musk sold the shares at...
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Robinhood’s Crypto Activity Drops 78%, Stock Tanks Below IPO

[ad_1] Robinhood had a net loss of $1.32 billion this past quarter, recording a plunge of 78% in revenue from crypto transactions from 2Q. Their shares dropped 12% to $34.80 at 9:46 a.m. in New York, $38 below the IPO price in late July, Bloomberg reported. Robinhood Markets Inc....
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