Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0.00582538681310524 0.00582538681310524
Stock impact report

British companies lose £80m after piling into Bitcoin [Yahoo! Finance]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Yahoo! Finance
UK-listed companies have spent more than £360m on crypto purchases in an attempt to capitalise on a trend for “Bitcoin treasury” companies. The businesses' value mostly derives from their Bitcoin holdings rather than their operating businesses, allowing investors to gain exposure to the cryptocurrency through the stock market rather than owning the coins outright. A string of British companies pursued Bitcoin investment strategies earlier this year amid a surge in the asset's price and booming investor demand for US counterparts such as Strategy, which briefly became worth more than $127bn (£95bn) during a rally this summer. However, many of the British businesses buying into the craze did so near the peak of the market, according to calculations by The Telegraph. Thirteen UK-listed companies have spent around £364m between them buying close to 4,300 Bitcoin at an average price of $113,105 (£85,076). The cryptocurrency's price traded at $87,950 on Friday, a 22pc drop on tha Show less Read more
Impact Snapshot
Event Time:
CME
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for CME alerts
Opt-in for
CME alerts

from News Quantified
Opt-in for
CME alerts

from News Quantified