Further literature | Finance times
Further literature | Finance times
Yesterday was another not so great day for the financial markets. But even the hits of FTAV favorites such as Arkk (fell by another 8.8 percent on Monday) faded alongside the crypto.
Bitcoin is completely in the “injection zone” of the jacking camel. Ethereum was affected by the collapse of Celsius, a crypto-quasi bank. Binance suffered from strange technical disorders. All in all, the value of the cryptocurrency universe fell below $ 1 trillion.
What could collapse when the large Tamagochi cleanup of 2022? There are many candidates, but an obvious public is Microstrategy, the software company of Michael Saylor, which is now basically a large amount of Bitcoin.
Investors sent his shares down 25 percent on Monday when Bitcoin slipped dangerously close to the $ 21,000 mark, which would trigger an additional shot for one of his loans.
Microstrategy is located on a stock of almost 130,000 Bitcoin, which is still worth around $ 3 billion at the pixel period, but these were acquired at an average purchase price of $ 30,700, and the company's total debt amounts to $ 2.4 billion. The market capitalization of Microstrategy is around USD 1.8 billion. Fortunately, the company's visionary director knows exactly how it works Fears calm about the financial health of the company.
- Michael Saylor⚡️ (@Saylor) 13. June 2022
elsewhere on Tuesday. . .
- astronomers reinvent the development of the planets. (Quanta)
-nationalize dating apps. (Jakobiner)
- the other inflation problem of the EU. (Apricitas Economics)
-the Bluey cult. (The guard)
- This time it is different: Annual preferences in the age of Robinhood (SSRN)
- an anatomy of bond market turbulence from 1994. (Bis)
- We can still save the silence and keep darkness. (The Atlantic)
- barbarians in the shop? Effects of private equity on products and prices. (Journal for Finance)
Source: Financial Times
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