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Crypto Corner Podcast - Bitcoin Sees Further Gains, JPMorgan Launching Crypto Exposure Basket, DCG Plans To Buy $250M Worth Of Grayscale Bitcoin Trust, Hut 8 Files Preliminary Base Shelf Prospectus, NetCents Reports Record Transaction Volume

Mar. 10, 2021 1:39 PM ETJPMorgan Chase & Co. (JPM), MSTR, SQ, NTTCFHUT
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#CryptoCorner #Podcast 545: #Stocks discussed: (NYSE: $JPM) (NasdaqGS: $MSTR) (NYSE: $SQ) (TSX: $HUT.TO) (CSE: $NC.C)

#Bitcoin Sees Further Gains, JPMorgan Launching #Crypto Exposure Basket, DCG Plans to Buy $250M Worth of Grayscale Bitcoin Trust, Hut 8 Files Preliminary Base Shelf Prospectus, and NetCents Reports Record Transaction Volume

Point Roberts, WA, Delta BC March 10, 2021 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of theCrypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

Listen to today’s Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2021/031021-CryptoMarket.mp3

Read this in full at Crypto Corner Podcast 545: Stocks discussed: (NYSE: $JPM) (NasdaqGS: $MSTR) (NYSE: $SQ) (TSX: $HUT.TO) (CSE: $NC.C)

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Stocks discussed: (NYSE:JPM) (NasdaqGS:MSTR) (NYSE:SQ) (TSX:HUT) (CSE:NC)

Bitcoin (BTC), after dipping slightly to as low as roughly $53,300 following yesterday’s Crypto Corner, grew to a present trading price of about $56,400, up $2,000 in the last 24 hours, according to data from CoinMarketCap.

JPMorgan (NYSE:JPM) is launching a new debt instrument described as a Cryptocurrency Exposure Basket, according to a recently-published filing with the U.S. Securities and Exchanges Commission. The basket is linked to “11 U.S.-listed companies that operate businesses,” that are “directly or indirectly, related to cryptocurrencies or other digital assets, including as a result of bitcoin holdings, cryptocurrency technology products, cryptocurrency mining products, digital payments or bitcoin trading.” The basket is unequally weighted, and includes companies such as Microstrategy (NasdaqGS:MSTR) and Square (NYSE:SQ).

The parent company of Grayscale Investments, Digital Currency Group (DCG), plans to purchase up to $250 million worth of shares of Grayscale Bitcoin Trust (OTC:GBTC). According to the press release, DCG “plans to use cash on hand to fund the purchases and will make the purchases on the open market, at management’s discretion.” No reason for the buyback was indicated in the press release.

Hut 8 Mining Corp. (TSX:HUT) has filed a preliminary base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada and a corresponding shelf registration statement on Form F-10 with the SEC in the U.S. According to the press release, this will allow the company “to offer up to CAD$500,000,000 of common shares, debt securities, subscription receipts, warrants, convertible securities, units, or any combination thereof, from time to time during the 25-month period that the shelf prospectus is effective.”

NetCents Technology Inc. (CSE:NC) has reported record transaction volume, exceeding $5,500,000, for the first week of March. This comes close to the “6.7 million processed in February and 8.2 million processed in January,” according to the press release. Clayton Moore, Founder and CEO of NetCents Technology, commented:

"We've started 2021 with a bang and it promises to be an exciting year for both NetCents and cryptocurrency. It has been our laser focus on streamlining and enhancing the merchant experience to continue to drive mass adoption of cryptocurrency as a payment method that has really enabled NetCents to break through and establish record growth in merchant sign ups and processing volume."

Sam Mowers, Investorideas

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