ICYMI: Crypto stock plunge could pump the brakes on a busy deals market
While bitcoin’s price has fallen sharply since the beginning of 2022, some crypto stocks have seen steeper declines.advertisementBarry Silbert, chief executive of crypto power-house DCG, was of course sarcastic in; it's been a brutal period for publicly traded companies in the digital asset market amid the ongoing rout in liquid tokens.
Friday's session was even worse for MicroStrategy, which plunged on reports that the Securities and Exchange Commission had rebuffed the company's approach to accounting for bitcoin in financial disclosures. It's down more than 71% from its February 2021 high. At the same time, venture funds in the market have been raising billions of dollars in fresh funding. FTX announced its own $2 billion fund earlier this month, following the lead of venture capital firms Paradigm and a16z.
"Certainly, both equities and crypto market trends matter for crypto-based business IPO aspirations," said Eric Risley, managing partner of M&A advisory firm Architect Partners.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Savings crypto | Best crypto savings platform | BinanceSavings crypto on Binance is easy! Sign up today with the best crypto saving platform to earn with our locked \u0026 flexible crypto saving products.
Lire la suite »
El Salvador Plans to Offer Crypto Loans to Small-Scale Entrepreneurs – Emerging Markets Bitcoin NewsEl Salvador will offer cryptocurrency-based loans to small companies through Conamype, the National Commission for Small Enterprises.
Lire la suite »
Bitcoin Sinks To Six-Month Low, Leading Crypto Market DownwardFollowing a Thursday plunge, which sent the Nasdaq 100 Index into a correction, cryptocurrencies tumbled overnight, recording losses of nearly $200 billion.
Lire la suite »
Nations to adopt Bitcoin, crypto users to reach 1B by 2023: ReportCountries could follow El Salvador's lead while relaxed regulation driven by retail adoption could spur the market in 2022.
Lire la suite »
Buyback-and-burn: What does it mean in crypto?Few words make hodlers happier than buyback and coin burn. This handy guide details the two processes that provide long-term price stability and token value growth.
Lire la suite »