BitDigest August 27 · Issue #730
Aug 27, 2020
Author
- Pricing for digital currencies holding in new range and unchanged at $356 billion marketcap
- US legislators are seeking more insight into the Treasury Departments recent seizure of digital currencies
- Fidelity files to issue first digital currency fund
Weekly Stock Review
Highlights from the North American listed crypto, blockchain and mining stocks:
- Newly traded crypto miner Taal Distributed Information Technologies (OTCQX: TAALF) is this week’s top performer among posting a 7-day return of 15%.
- The premium to NAV for Grayscale’s Ethereum Trust (OTCQX: ETHE) appears to have settled around 80% following a 7-week decline and drop of approximately 90%.
- Grayscale’s Bitcoin Trust (OTCQX: GBTC) is holding its premium in the low 20’s.
- Marathon Patent Group (Nasdaq: MARA) reported it has signed a letter of intent to acquire a mining-as-a-service provider (see below), increased its hashrate to 186/Ph, and regained its compliance listing requirements with NASDAQ.
- Riot Blockchain (NASDAQ: RIOT) has purchased $11 million in new Bitmain miners scheduled for delivery starting early next year.
- All the news did not help MARA, who reported this week’s worst performance at -19%.
