- Carbon Finance
- Posts
- 🔐 Companies With The Most Bitcoin
🔐 Companies With The Most Bitcoin
1) Who Owns The Most Bitcoin? 2) The Rise of Hims, 3) Growing Dividends and more!
Carbon Finance
March 01, 2024
Sponsored by
Happy Friday!
Welcome to the ~2,000 new subscribers who've joined us over the past 4 weeks!
As the newsletter continues to grow, I'd love to dive deeper into what you enjoy the most.
Your feedback is crucial to me, and before I consider any changes, I want to zero in on what resonates most with you.
If you have a second, please vote on your favorite part of the newsletter below!
Thank you being here, and here's to a weekend that's as enjoyable and relaxing as you've hoped for!
What's your favorite part of the newsletter? |
Some key data bites from this week that you should know:
Nvidia $NVDA made up $0.25 of every dollar of premium traded in U.S. single-stock options in the last month.
The Core PCE Index rose 2.8% year-over-year in January.
Bumble $BMBL is set to cut 30% of its workforce.
Zoom $ZM beat analyst estimates for Q4 and authorized a $1.5B buyback.
The FTC has sued to block the $25B merger between Kroger $KR and Albertsons $ACI.
Uber $UBER CEO to earn $136M after the company reached $120B market cap.
Macy’s $M is set to close 150 stores, or roughly 30% of its locations.
In today’s newsletter:
🔐 Who Owns The Most Bitcoin?
💊 The Rise of Hims
💸 Growing Dividends
Let’s dive right in!
Not subscribed yet? Sign up today!
🔐 Who Owns The Most Bitcoin?
Bitcoin has kicked off the year with an incredible rally, climbing nearly +40% YTD.
Among the biggest cheerleaders? Probably MicroStrategy and its Chairman, Michael Saylor.
MicroStrategy's commitment to Bitcoin is clear, with BitcoinTreasuries reporting the company's stash at 193,000 Bitcoins.
And despite having nearly $12B in the crypto, their bullish stance doesn't show any signs of slowing down.
The company recently purchased an additional 3,000 Bitcoins for about $155M on Monday.
The company leads the pack in owning the most Bitcoin out of all publicly traded companies.
This week, Bitcoin's ride was notably turbulent, briefly touching the $64,000 mark, which even led to technical difficulties on Coinbase.
CEO Brian Armstrong noted that the platform experienced traffic more than 10x what they had anticipated and prepared for in their load tests.
💊 The Rise of Hims
Hims & Hers Health, a leading provider of treatments for erectile dysfunction and hair loss, saw its stock jump over 30% following a strong Q4 2023 earnings report.
The company reported a 47% increase in revenue year-over-year, reaching $246.6M for the quarter, with net income hitting $1.2M.
Subscriptions are also on the rise, now totaling 1.54M—a 48% increase from the previous year.
Adding to the excitement, CEO Andrew Dudum has projected that the company will surpass $1B in revenue and achieve its first full year of net income profitability, signaling strong growth and financial health ahead.
💸 Growing Dividends
This week was buzzing with dividend news.
Following Domino’s Q4 2023 earnings, the company announced a whopping 25% increase in their quarterly dividend to $1.51 per share.
A surprise dividend came from tech giant Salesforce, which initiated a quarterly dividend of $0.40 per share when they shared their Q4 earnings report.
While many investors often chase high-yield dividend stocks, dividend growth stocks can be just as appealing.
High-yield stocks might offer immediate income, but dividend growth stocks offer the incentive of increasing payouts and price appreciation, catering to investors looking for a blend of income and growth in their portfolios.
📣 A Message From Our Sponsor
Ready to elevate your investing journey to new heights?
Unlock the power of informed decision-making with our daily newsletter, tailored to empower investors like you. The Early Bird delivers crucial insights that keep you ahead in the stock market, ensuring you make profitable decisions.
Why Join The Early Bird?
Join millions who trust us
Discover daily recommendations
Unlock hidden opportunities
Make informed investment decisions
🍔 Dynamic Pricing. Wendy’s $WEN claims they have no plans to price surge their menu - R
⚡️ iCancel. Apple $AAPL will be cancelling its effort to build an electric vehicle - BB
❄️ CEO Stepdown. Snowflake $SNOW shares declined after news that CEO Frank Slootman will be retiring - CNBC
💵 Updated Valuation. Stripe is valued at $64B in its latest employee stock-sale deal - FT
Notable Companies Reporting Earnings Next Week:
Monday (3/4):
Sea Limited $SE, GitLab $GTLB
Tuesday (3/5):
CrowdStrike $CRWD, Target $TGT, Ross Stores $ROST, NIO $NIO
Wednesday (3/6):
JD $JD, Campbell Soup $CPB
Thursday (3/7):
Broadcom $AVGO, Costco $COST, Marvell Technology $MRVL, Kroger $KR, MongoDB $MDB
Friday (3/8):
Algonquin Power & Utilities $AQN
All of the companies that are reporting earnings next week can be viewed here.
Major Trades Published 02/23 - 02/29
Buys
Maplebear ($CART)
Insider: Ravi Gupta (Director)
# of Shares Purchased: 135,072
$ Amount: $4,043,286
SEC Forms: [1]
Sphere Entertainment ($SPHR)
Insider: James Dolan (Executive Chairman / CEO)
# of Shares Purchased: 59,374
$ Amount: $2,441,017
SEC Forms: [1]
Enphase Energy ($ENPH)
Insider: Badrinarayanan Kothandaraman (President & CEO)
# of Shares Purchased: 4,000
$ Amount: $482,154
SEC Forms: [1]
Sells
Walmart ($WMT)
Insider: Robson Walton (Director)
# of Shares Sold: 4,895,109
$ Amount: $860,779,882
SEC Forms: [1]
Transdigm ($TDG)
Insider: Robert Small (Director)
# of Shares Sold: 253,890
$ Amount: $294,639,345
SEC Forms: [1]
Nvidia ($NVDA)
Insider: Harvey Jones (Director)
# of Shares Sold: 65,000
$ Amount: $53,031,712
SEC Forms: [1]
Coinbase ($COIN)
Insider: Brian Armstrong (Chairman and CEO)
# of Shares Sold: 250,000
$ Amount: $51,331,628
SEC Forms: [1]
How was today's newsletter?We value all of feedback we receive. Let us know how we did so we can continue to make this the best investing newsletter available! |
🤝 Review of the Week
Disclaimer: The publisher does not guarantee the accuracy or completeness of the information provided in this page. All statements and expressions herein are the sole opinion of the author.
Carbon Finance is a publisher of financial information, not an investment or financial advisor. We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient.
The information contained on this website/newsletter has been crafted with the assistance of an AI language model to enhance the content of this newsletter. We have made efforts to ensure the quality and reliability of the information presented, but we cannot guarantee its absolute accuracy. Therefore, readers are advised to exercise their own judgment and seek additional sources if necessary.
THE INFORMATION CONTAINED ON THIS WEBSITE/NEWSLETTER IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME. THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN.
No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.
Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable. They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and the publisher undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material.
The publisher, its affiliates, and clients of the publisher or its affiliates may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.
Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein.
The views and opinions expressed in this newsletter are solely those of Carbon Finance and do not reflect the official policy or position of any other agency, organization, employer or company.
Some of the links in this newsletter are affiliate links. This means that if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.
The mention of Early Bird in our newsletter is provided as a courtesy to our readers and should not be construed as an endorsement of any product, service, or information provided by the sponsor or partner. Carbon Finance makes no representations or warranties, express or implied, about the accuracy, completeness, reliability, or suitability of the information contained in the sponsor’s or partner’s materials or any related services. Any reliance you place on such information is strictly at your own risk. We are not liable for any loss or damage arising from your engagement with Early Bird or their content.
By using the Site or any affiliated social media account, you are indicating your consent and agreement to this disclaimer. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.