BitDigest January 14 · Issue #821
Jan 14, 2021
Author
- Crypto’s latest recovery drives marketcap back above $1 trillion
- ECB President Lagarde wants bitcoin to be globally regulated to prevent money laundering
- Japan’s financial watchdog does not define XRP as a security
Weekly Stock Review
Highlights from the North American listed crypto, blockchain and mining stocks:
- Canadian digital exchange Voyager Digital (CSE: VYGR) was the best performing stock this week returning 41.7%.
- Hut 8 Mining (TSX: HUT) completed a C$77.5M private placement of shares and warrants
- Marathon Patent Group (NASDAQ: MARA) priced 12.5M-share secondary sale at $20/share
- Galaxy Digital Holdings (TSX: GLXY) reported asset undr management (AUM) of C$815.2M
- Diginex (NASDAQ: EQUS) announced a $38.60M private placement to further invest in and accelerate the roll-out of its digital asset ecosystem. The Singapore based exchange also launched of Bitcoin perpetual futures contracts
- BitDIgital (NASDAQ: BTBT was this week’s worst performer returning negative 26.7%. The bitcoin miner and car rental company entered into an $80M private equity line facility and will have the right to sell up to $80M of ordinary shares to a single investor
- Bitcoin’s 1.7% 7-day return outperformed the market compared to the equity mean return of -1.9% and median of -8.3%.