Tag: Stock

Strategy to Push Preferred Stock to Boost Bitcoin Buys: CEO

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Bitcoin treasury company Strategy will further lean on its preferred stock sales to acquire Bitcoin, shifting from its strategy of selling common stock, says CEO Phong Le. “We will start to transition from equity capital to preferred capital,” Le told Bloomberg’s “The Close” on Wednesday. Stretch (STRC) is Strategy’s perpetual preferred stock, launched in July, and is aimed at buyers looking for stability by offering an annual dividend of over 11%.  STRC is the company’s fourth perpetual preferred offering, launched to finance its Bitcoin (BTC) purchases. It’s an alternative to…

Coinbase stock sinks 6% as analysts slash targets ahead of earnings

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Bitcoin retreat and low stablecoin flows prompt JPMorgan, Citi, and Cantor to revise COIN outlook while maintaining buy ratings. Coinbase, the largest publicly traded crypto exchange in the U.S., faces mounting pressure from Wall Street as analysts slash price targets ahead of its quarterly earnings report scheduled for Thursday. Shares of the San Francisco-based firm have dropped 34% since January, trading near $152 after falling 6% today. The decline mirrors a broader pullback in digital assets, with Bitcoin down 27% over the past month to around $67K. JPMorgan, the global…

Bitcoin Trades Like Growth Stock, Not Gold: Grayscale

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Bitcoin’s long-standing narrative as “digital gold” is being put to the test as its recent price action increasingly resembles that of a high-risk growth asset rather than a traditional safe haven, according to new research from Grayscale. Report author Zach Pandl said on Tuesday that while Grayscale still views Bitcoin (BTC) as a long-term store of value due to its fixed supply and independence from central banking authorities, recent market behavior suggests otherwise. “Bitcoin’s short-term price movements have not been tightly correlated with gold or other precious metals,” Pandl wrote,…

Amazon stock sinks 10% despite earnings beat on $200B capex shock

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Amazon said Thursday it plans to spend $200 billion on capital expenditures in 2026, with a focus on artificial intelligence infrastructure, triggering a steep sell-off in after-hours trading. The stock dropped over 10% and fell below $200 as investors reacted to the scale of the planned investment. The announcement followed solid fourth-quarter earnings, with revenue climbing to $213.4 billion and net profit hitting $21.2 billion, matching analyst expectations. Amazon cited a strong holiday season and 24% year-over-year growth in its AWS cloud business as key drivers. The company also said…

Strategy posts $12.4B Q4 loss as Bitcoin sinks to $64K and stock tumbles 17%

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Strategy reported a $12.4 billion net loss for the fourth quarter of 2025 as it announced its financial results Thursday, with Bitcoin falling to $64,000 amid a sharp crypto market downturn. The report follows one of Bitcoin’s worst trading days since the October 2025 flash crash, with the asset falling more than 12% on the day. The drawdown puts Strategy’s 713,502 BTC holdings deep underwater, translating to a $7.5 billion paper loss based on the company’s disclosed $76,052 average cost per coin. The selloff hammered Strategy’s stock price, which fell…

Google stock falls despite strong earnings and wave of price target hikes

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Alphabet posted its fourth quarter 2025 earnings after the bell on Wednesday, delivering results that came in above Wall Street expectations. Despite the beat, the stock tumbled as much as 7% on Thursday morning, opening near $312 before recovering to around $322 by midday, still well below its $332 close ahead of the report. The company reported revenue of $113.8 billion and earnings per share of $2.82, topping analyst estimates of $111.2 billion in revenue and $2.57 in EPS. The initial selloff appears tied to Alphabet’s capital expenditure forecast of…

Robinhood stock sinks 10% to 7-month low as crypto correction deepens

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Shares hit 7-month low as crypto-linked revenues face pressure ahead of February earnings. Robinhood shares fell more than 10% on Monday, sliding to $89, their lowest level since late June 2025, as a broader crypto selloff and seasonal revenue slowdown triggered a wave of selling. The drop follows Bitcoin’s weekend decline to $75,000, which prompted investors to rotate out of high-beta fintech names before BTC recovered modestly to around $78,500 by press time. Robinhood’s stock often trades in tandem with crypto assets due to its integrated digital asset services. In…

Tokenization May Stop Stock Trading Freezes: Robinhood CEO

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Tokenized stocks could help prevent the trading freezes that commonly occur on traditional exchanges, such as the meme stock halt on GameStop years ago that locked out traders, says Robinhood CEO Vlad Tenev. Tenev said in an X post on Wednesday that the GameStop trading freeze in 2021 was “one of the strangest and most visible equity market failures in recent history,” caused by complicated rules stemming from the two-day stock settlement period at the time.  “What happens when you combine slow, outdated financial infrastructure with unprecedented trading volume and…

Meta stock jumps 10% after earnings beat and massive AI spending plan

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Meta shares jumped 10% in post-market trading on Wednesday after the company reported stronger-than-expected fourth-quarter earnings and outlined plans to sharply increase spending on artificial intelligence infrastructure. Meta reported fourth quarter revenue of $59.89 billion up 24% year over year and net income of $22.77 billion up 9%. Earnings came in at $8.88 per diluted share for the quarter. Both revenue and profit marked quarterly records for the company. Meta said it plans to increase capital expenditures in 2026 to between $115 billion and $135 billion, compared with $72.2 billion…

Pinterest stock tumbles as company cuts jobs to accelerate AI adoption

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Shares of Pinterest (PINS) dropped 9.5% intraday today after the company announced a board-approved global restructuring plan that will cut less than 15% of its workforce and reduce office space. The San Francisco-based social media company expects to incur $35 million to $45 million in pre-tax restructuring charges, primarily cash-related expenditures, according to a new SEC filing. Pinterest said the layoffs are part of a broader transformation strategy focused on AI. While reducing overall staffing levels in the near term, the company plans to reinvest in key development areas and…