#MiningStocks

[colitco]

📢 ASTRAL RESOURCES NL Declares Takeover Offer Best and Final – Maximus Shareholders Urged to Act Before Deadline ⚒️📈

Astral Resources NL (ASX: AAR) has declared its off-market takeover bid for Maximus Resources Ltd (ASX: MXR) as best and final, reinforcing its commitment to strategic consolidation and shareholder value creation in the gold exploration sector.

🔍 Offer Snapshot:

The Offer remains 1 AAR share for every 2 MXR shares held under the Bidder’s Statement dated 3 February 2025.

📌 Key Offer Highlights:

✅ Offer declared best and final — no increase in consideration

⏳ Unconditional Offer closes at 7pm AEDT, Friday 21 March 2025 (unless extended)

⚡ Accelerated payment terms – Astral shares issued within 10 business days of valid acceptance

📊 Astral now holds 81.67% voting power in Maximus (as of 14 March 2025)

💼 Shareholders may be eligible for rollover tax relief (refer to Section 10 of Bidder’s Statement)

💻 How to ACCEPT the Offer:

➡ Online via Automic Portal ➡ Or instruct your broker (for CHESS holders)

📝 “Astral’s majority control of Maximus marks a pivotal step in unlocking long-term strategic value,” the company stated in its 17 March 2025 update.

Investor Outlook:

Astral Resources (ASX: AAR) is trading at $0.15 per share, offering investors exposure to a growing gold portfolio now further bolstered by the strategic control of Maximus Resources. With the Offer declared best and final, the acquisition is expected to enhance asset synergies and operational scale. The majority ownership and potential rollover tax relief offer added incentives for shareholders to act before the deadline. As Astral strengthens its position in the Australian gold sector, market sentiment may drive further investor interest.

📍Read More: https://astralresources.com.au/asx-announcements/

⚠️ This update is based on the official Offer release. Not investment advice—please do your own research before making investment decisions.

[fadingperfectiontyphoon]

🔥 Impact Minerals – Major Shareholder Commits to Full Entitlement in $5.2M Rights Issue! 🔥

Impact Minerals Limited (ASX: IPT) is pleased to announce that its largest shareholder (17%) has committed to subscribing for their full entitlement in the ongoing renounceable rights issue, reinforcing strong investor confidence in the company’s growth strategy.

🔹 Key Highlights: ✅ Renounceable Rights Issue – 2 for 7 entitlement offer at $0.006 per share, raising up to $5.2 million (before costs). ✅ 1 Free Attaching Option for Every 2 Shares – Exercise price of $0.015, expiring 2.5 years after issue. ✅ Increased Underwriting to $2 Million – Mahe Capital Pty Ltd, Lead Manager and Underwriter, has boosted underwriting from $1 million to $2 million. ✅ Rights Now Trading on ASX (IPTR) – Investors can now trade rights under ASX: IPTR, ensuring broader participation.

🗣 Managing Director – Dr. Mike Jones: “We are pleased with the continued support from our largest shareholder and the increased underwriting commitment from Mahe Capital. This renounceable rights issue ensures all shareholders—not just professional investors—can participate in this pivotal stage of Impact Minerals’ growth. Given our belief that the company is undervalued, we see this as the fairest way to support our loyal investors while advancing our key projects.”

📢 Investor Outlook – Key Growth Initiatives Funded

Proceeds from the Rights Issue will support: 🔹 Arkun Project Exploration – Backed by a $180,000 WA Government Exploration Incentive Scheme (EIS) grant. 🔹 Broken Hill Project Exploration – Advancing Impact’s critical minerals portfolio. 🔹 Lake Hope High Purity Alumina (HPA) Project – Pre-feasibility study nearing completion, with an update to be disclosed soon. 🔹 General Working Capital & Offer Costs – Strengthening financial flexibility for future expansion.

Key Dates: 📍 Rights Trading Ends: 14 March 2025 📍Offer Closes: 21 March 2025 (unless extended) 📍Eligible Shareholders Can Apply for Shortfall

📢 Stock Price: $0.0080

🔗 More Details & Prospectus: https://colitco.com/impact-minerals-launch-5-2-million-rights-issue-growth/

📢 Disclaimer: This is not investment advice. Please conduct your own research before making investment decisions.

[capriceresourcesltd]

Caprice Resources and Genesis Minerals: Strong Growth and Market Confidence

Caprice Resources and Genesis Minerals have both reported significant developments that highlight their growth potential and financial strength. Caprice Resources announced high-grade gold discoveries at its Island Gold Project, while Genesis Minerals delivered strong financial results, reinforcing its position in the market.

These updates reflect the ongoing expansion and investor confidence in Australia’s gold mining sector. Caprice Resources Ltd (ASX: CRS) has reported high-grade gold intersections from its Phase 1 drilling at the Island Gold Project. The results indicate substantial mineralisation across multiple targets along a 5km strike, reinforcing the project’s growth potential.

[colitcomediasblog]

Astral Resources Advances Mandilla Gold Project with Exceptional Drilling Results

Astral Resources NL (ASX: AAR) continues to solidify its position as a rising star in the Australian gold sector with exceptional drilling results at its flagship Mandilla Gold Project, located near Kalgoorlie, Western Australia. The latest assays from diamond and reverse circulation (RC) drilling at the Theia and Eos deposits reinforce the project’s strong growth potential as the company moves closer to completing a Pre-Feasibility Study (PFS) by mid-2025.

Astral Resources’ continued success at Mandilla underscores its potential to emerge as a significant player in the Australian gold industry. With robust exploration results and a clear development pathway, the company is well-positioned to capitalize on rising gold prices and investor interest in high-quality gold projects.

As the company advances toward PFS completion, stakeholders and investors can anticipate further value creation through resource expansion, technical de-risking, and strategic project advancements. Astral Resources’ Mandilla Gold Project remains a key asset in the Australian gold exploration landscape, with promising prospects for future production and long-term growth.

[jamesmilleer2407]

Gold Exploration Stocks Emerging Market Leaders.

Explore gold exploration stocks, focusing on key companies and market trends. Understand the factors driving their success and how these stocks are impacting the mining industry. Gain insights into the growth potential and the role these companies play in gold exploration.

Read more:

https://kalkinemedia.com/us/stocks/gold

[loyalluxury]

"Gilded Strategies: Navigating the Gold Market in 2023 for Golden Returns"

Are you seeking a reliable and stable investment opportunity to diversify your portfolio and hedge against inflation? Look no further than the gold market. Investing in gold has been a cornerstone choice for investors throughout centuries, owing to its enduring value and global appeal. In this comprehensive guide, we delve into the world of gold investing, offering insights to help you make informed decisions to grow your wealth over time. Whether you're a seasoned investor or just beginning your journey, this article is your ultimate resource for understanding the golden touch and maximizing your investments.

1. Understanding the Basics

Gold investing is not merely for pirates and treasure hunters; it's a serious investment strategy with the potential to safeguard your wealth and achieve financial goals. Before delving into the gold market, it's crucial to grasp the fundamentals. Gold is a commodity traded on global markets, much like stocks, bonds, or oil. Its value fluctuates based on various factors, including supply and demand, economic conditions, geopolitical events, and environmental factors.

2. Hedge Against Inflation

Gold serves as a hedge against inflation, preserving purchasing power during times of economic uncertainty. As the cost of living rises, the value of paper currency diminishes, making gold an attractive store of value. During crises such as wars, recessions, or pandemics, gold often emerges as a safe-haven asset, witnessing record-high prices as investors seek stability.

3. Diversification

Gold helps diversify investment portfolios, mitigating risk by spreading investments across different asset classes. Its unique behavior compared to stocks and bonds allows it to act as a counterbalance, potentially enhancing overall returns and reducing volatility.

4. Stability

Unlike stocks or bonds, gold exhibits relative stability over time due to its finite supply and historical reputation as a store of value. This stability offers protection for investors' wealth, providing a reliable source of returns amidst market fluctuations.

5. Investment Strategies

There are several avenues for investing in gold, including physical gold, gold ETFs, gold mining stocks, and gold futures. Each option comes with its pros and cons, catering to diverse investor preferences and risk appetites.

6. Physical Gold

Investing in physical gold, such as coins, bars, or jewelry, offers tangible ownership and control. However, storing and insuring physical gold can be costly, and liquidity may pose challenges.

7. Gold ETFs

Gold exchange-traded funds (ETFs) provide exposure to physical gold without the hassle of storage. They offer liquidity and convenience, although fees and market fluctuations can impact their value.

8. Gold Mining Stocks

Investing in gold mining stocks allows investors to benefit from gold price appreciation and company success. Yet, these stocks are subject to operational risks and regulatory challenges associated with mining operations.

9. Gold Futures

Gold futures contracts enable investors to speculate on gold prices without owning the physical asset. However, they require a high level of expertise and entail complex risks associated with futures trading.

10. Future Trends and Challenges

Emerging trends such as increasing demand from emerging economies and the rise of sustainable investing could shape the future of the gold market. However, challenges like competition from cryptocurrencies and the impact of climate change on mining operations warrant attention.

In conclusion, investing in gold offers a myriad of benefits, including diversification, stability, and a hedge against inflation. By understanding the basics, exploring different investment vehicles, and staying abreast of market trends, investors can potentially capitalize on the golden opportunities that the market presents. Remember, while gold investment can be rewarding, it's essential to conduct thorough research and assess risk before making investment decisions. With the right knowledge and strategy, you can unlock the golden touch in your investment portfolio.

Get More taste of opulent luxury at

#Gold investing#diversification#hedge against inflation#stability in commodities#ETFs#mining stocks#futures#emerging economies#sustainable investing#market trends#challenges in wealth preservation#portfolio management for financial goals#precious metals#risk assessment#informed decisions#GoldInvesting #Diversification #InflationHedge #ETFs #MiningStocks #EmergingEconomies #SustainableInvesting #MarketTrends #WealthPreservation #PreciousMetals #RiskAssessment #FinancialGoals #PortfolioManagement #InvestmentStrategy

[avidtrader]

This BILLIONAIRE is Buying! Are You?

This BILLIONAIRE is Buying! Are You? https://www.youtube.com/watch?v=9AUIdUdWuXY This small nano cap stock is up over two hundred percent year to date with Billionaire Eric Sprott accumulating over ten percent of the company! Lets find out why he sees value! ✅ Subscribe To My Channel For More Videos: https://www.youtube.com/@AvidTrader/?sub_confirmation=1 ✅ Stay Connected With Me: 👉 (X)Twitter: https://twitter.com/RealAvidTrader 👉 Stocktwits: https://ift.tt/Ie516AV 👉 Instagram: https://ift.tt/LygezA7 ============================== ✅ Other Videos You Might Be Interested In Watching: 👉 The ULTIMATE Guide to Finding Hidden Gem Stocks | AvidTrader https://youtu.be/pZAKJLk9o0I 👉 🧨GameStop Short Squeeze 2.0 Incoming??🧨 https://youtu.be/XeFVaq4BHfU 👉 🙌💎 When Should You Diamond Hand a Stock? 💎🙌 https://youtu.be/ZO62i0cq0PQ 👉 This Penny Stock is a GUARANTEED Double!! https://youtu.be/Yx6wZNz95dM ============================= ✅ About AvidTrader: Value Investor. Discussing Day & Swing Trades Also Long Term Investments! Stock Breakdowns. Grow Your Trading Account Effectively. Technical Analysis and Pattern Recognition. How to Make Money, But More Importantly Learning & Having Fun in The Process! Avid Trader is not a Series 7 licensed investment professional, but a digital marketing manager/content creator to publicly traded and privately held companies. Avid Trader receives compensation from its clients in the form of cash and restricted securities for consulting services. 🔔 Subscribe to my channel for more videos: https://www.youtube.com/@AvidTrader/?sub_confirmation=1 ===================== #pennystocks #pennystocktrading #fundamentalanalysis #stockanalysis #undervaluedstocks #miningstocks #gold #goldandsilverprice #copper #EricSprott #billionaire #buying Disclaimer: Avid Trader is not a Series 7 licensed investment professional, but a digital marketing manager/content creator to publicly traded and privately held companies. This is not financial advice. Investments involve risk and are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. To date, AvidTrader has been compensated three thousand dollars USD by ACH Bank Transfer by Lifewater Media for advertising Golden Spike Resources Corp. (CSE:GLDS), (OTCQB: GSPRF). As of the date of this advertisement, the owners of AvidTrader do not hold a position in Golden Spike Resources Corp. (CSE:GLDS), (OTCQB: GSPRF). This advertisement and other marketing efforts may increase investor and market awareness, which may result in an increased number of shareholders owning and trading the securities of Golden Spike Resources Corp. (CSE:GLDS), (OTCQB: GSPRF), increased trading volume, and possibly an increased share price of Golden Spike Resources Corp. (CSE:GLDS), (OTCQB: GSPRF), which may or may not be temporary and decrease once the marketing arrangement has ended. Copyright Disclaimer: Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use © AvidTrader via AvidTrader https://www.youtube.com/channel/UCK_XU3FW-ffEK8BG5EisnNA August 19, 2024 at 06:00AM

[bitcoincables]

Bitcoin's Soaring Price and Mining Stocks' Struggles: What's Happening?

Despite Bitcoin reaching an all-time high above $69,000, mining stocks have not experienced the same surge. Investors hoped that the rising price of Bitcoin would lift the stocks of mining companies, but the Valkyrie Bitcoin Miners ETF fell about 21% this year. The upcoming Bitcoin halving event in April is expected to increase competition among miners, which could further impact their stocks. Institutions have started short-selling mining stocks in favor of going long on Bitcoin ETFs due to the unpredictability of mining stocks.

Analysts predict that miners may need to explore alternative revenue streams, such as transaction fees and hedging strategies, to stay profitable post-halving. Mergers and acquisitions are also seen as a likely trend in the industry, with larger miners acquiring smaller ones to survive the competition. Despite concerns, historical data suggests that miners have the potential to thrive after the halving, as seen during the 'Bitcoin summer' bull run following the 2020 halving.

Read the original article

#Bitcoin

#MiningStocks

#HalvingEvent

#CryptoIndustry

[babyharmonychopshop]

Fascinated by Au?!

Sponsored Post

The wide range of applications for gold metal has been so impressive that it looks that every sector is still awestruck by it. According to reports, India appears to be home to the world's largest golden edifice. What might this structure be capable of? Discover all of the fascinating facts about gold that might astound you! 

 The characteristics of gold potentially make it one of the sought-after metals on the planet. The golden metal seems not only attractive to shape and sculpt, but it also conducts electricity and possibly does not tarnish. Because of these characteristics, it is said to be the metal of choice for a wide range of sectors. It appears that some of gold's industrial, medical, and technical applications, some of which appear to be very remarkable.

 Gold was said to first used for medical purposes in China around 2500 BC. Pure gold appears to be once used to treat furuncles, smallpox, skin ulcers, and to eliminate mercury from the skin and flesh by Chinese physicians. Today, as for medical experts, gold appear to be largely utilized to treat arthritic patients. Gold salts could use to ease joint pain and stiffness, as well as reduce edema and bone deterioration. It might be a long procedure, but relief after receiving gold injections is being testified and proven by many patients. Check disclaimer on profile and landing page.

[colitco]

⚒️ Impact Minerals Locks in High-Priority Nickel-Copper-PGE Drill Targets at Caligula Prospect 🔍⛏️

Impact Minerals (ASX: IPT) has defined compelling drill targets at the Caligula Prospect, part of its 100%-owned Arkun Project in WA, signalling a major step forward in its search for nickel-copper-PGE mineralisation.

Soil geochemistry and geophysical surveys have outlined a robust nickel-palladium-gold-chromium-cobalt anomaly aligned with strong MMT and airborne EM conductors — making Caligula a drill-ready target ahead of its maiden program in Q2 2025.

💰 Backed by a $180,000 EIS Grant, the drill campaign will commence as the renounceable rights issue closes on March 21 — adding further momentum to IPT’s exploration push.

📊 Geochemical Standouts:

Palladium: 111 ppb ✨

Nickel: 344 ppm ⚙️

Gold: 42 ppb 🪙

Chromium: 1,102 ppm 🔩

Cobalt: 68 ppm 🔋

Platinum: 12 ppb 💎

🌟 The Caligula anomaly bears strong resemblance to Nova-Bollinger or Julimar-style deposits, raising hopes for a significant discovery.

📈 Investor Outlook: With a current share price of $0.006 and market cap of $21.68M, Impact Minerals offers substantial upside potential as it gears up to drill-test a tier-one target in a fertile mineral belt.

🔗 Read Full ASX Announcement: https://colitco.com/impact-minerals-identifies-major-drill-targets-for-nickel-copper-pge-at-caligula-prospect/

⚠️ This is not investment advice. Please conduct your own research before making any investment decisions.

[fadingperfectiontyphoon]

🔥 Terra Metals Limited – More High-Grade Titanium at Dante! 🔥

Terra Metals Limited (ASX:TM1) has reported further high-grade titanium, copper, PGMs, and vanadium from surface at Reef 1 North, reinforcing the scale and consistency of mineralisation over ~4.2km.

🔹 Key Highlights: ✅ Extensional drilling confirms thick, high-grade titanium mineralisation in the hanging wall. ✅ Best intercepts include:

URC057: 79m @ 8.8% TiO₂, including 5m @ 19.5% TiO₂, 0.7g/t PGE₃, 0.25% Cu, 0.79% V₂O₅

URC058: 73m @ 8.4% TiO₂, including 5m @ 19.4% TiO₂, 0.83g/t PGE₃, 0.29% Cu, 0.83% V₂O₅

URC060: 69m @ 8.6% TiO₂, including 5m @ 20.3% TiO₂, 0.96g/t PGE₃, 0.24% Cu, 0.86% V₂O₅ ✅ Assays pending for 13 additional drillholes testing new infill zones at Reef 2.

🗣 MD & CEO Comment – Thomas Line: "These extensional drilling results confirm the consistency and scale of high-grade titanium, copper, PGMs, and vanadium mineralisation from surface at Reef 1 North. Additionally, we are seeing thick titanium mineralisation throughout the hanging wall, further enhancing the project’s potential. We now eagerly await the results from the remaining drillholes testing new zones at Reef 2."

📢 Investor Outlook – Expanding High-Grade Titanium Resource With thick, high-grade titanium mineralisation now confirmed over a ~4.2km strike length, the scale of the Dante Project continues to expand. Titanium, copper, and PGMs are critical metals with increasing demand across aerospace, energy storage, and industrial applications. Pending assay results from additional drillholes could further define resource potential, supporting long-term upside.

✅ Current Stock Price: $0.024

🔗 More Details: [Insert link]

TerraMetals #Titanium #Copper #PGMs #Vanadium #Mining #Exploration #Dante #ResourceGrowth #InvestorUpdates #MineralDiscovery #HighGrade #ResourceExpansion #CriticalMinerals #BatteryMetals #DrillingResults #StockMarket #InvestmentOpportunity #MiningStocks #MetalsAndMining #ExplorationSuccess #CommodityMarkets

Disclaimer: This is not investment advice. Please conduct your own research before making investment decisions.

[colitcomediasblog]

Astral Resources Quarterly Update: Strong Performance and Gold Price Gains

Astral Resources NL (ASX: AAR), a leading player in the mining sector, has recently released its quarterly update for the period ending December 31st, 2024. The report highlights a solid performance across the company's operations, marked by progress on key projects and favorable gold price trends. Astral continues to make significant strides in its exploration and development efforts, particularly at the Mandilla Gold Project and the Feysville Gold Project, both of which remain central to the company's growth strategy.

As Astral Resources enters the new year, the company is poised for continued growth. The combination of strong project fundamentals, an attractive gold market, and strategic corporate initiatives sets the stage for a promising future. Astral’s commitment to advancing its projects and maintaining financial discipline provides a solid foundation for creating long-term value for investors and stakeholders alike.

With exploration success at Feysville, ongoing development at Mandilla, and the favorable gold price environment, Astral Resources is well-positioned to build on its achievements and continue driving forward in 2025.

[jamesmilleer2407]

Top Mining Sector Stocks to Watch on NYSE

Explore the latest trends in mining sector NYSE stocks, focusing on leading companies in metals and mining. Learn how precious metal stocks and industrial mining shares are performing, with insights into the commodity stock market. Stay updated on key players driving the growth in mining and resource extraction.

For more information visit at : https://kalkinemedia.com/us/stocks/metal-and-mining

[koyamaads]

Wonders of Nevada

Sponsored post. There could be an urgent need to switch to EVs and some sectors might be on a search for a stable lithium supply in Nevada. Find out more about their expedition!

Some of the mining sectors today could possibly be looking out for lithium in Nevada. This state could be rapidly becoming a hub for manufacturing energy storage, clean energy, and greener transportation that could potentially one day be as important as silicon. According to this article, Clayton Valley might be one of the few locations globally known to contain commercial-grade lithium-enriched brine.

Moreover, Nevada could be an extremely mining-friendly jurisdiction.  Actually, it might have ranked number 1 as one of the places to do mining business out or around 104 jurisdictions worldwide, according to surveys. Check disclaimer on profile and landing page.

[avidtrader]

Small Nickel Mining Companys Path To A Sustainable Billion Dollar Future!

Small Nickel Mining Company’s Path To A Sustainable Billion Dollar Future! https://www.youtube.com/watch?v=h2wNP9UCzME Small Nickel Mining Company’s Path To A Sustainable Billion Dollar Future ✅ Subscribe To My Channel For More Videos: https://www.youtube.com/@AvidTrader/?sub_confirmation=1 ✅ Stay Connected With Me: 👉 (X)Twitter: https://twitter.com/RealAvidTrader 👉 Stocktwits: https://ift.tt/wcv3T2i 👉 Instagram: https://ift.tt/vn8mohb ============================== ✅ Other Videos You Might Be Interested In Watching: 👉 The ULTIMATE Guide to Finding Hidden Gem Stocks | AvidTrader https://youtu.be/pZAKJLk9o0I 👉 🧨GameStop Short Squeeze 2.0 Incoming??🧨 https://youtu.be/XeFVaq4BHfU 👉 🙌💎 When Should You Diamond Hand a Stock? 💎🙌 https://youtu.be/ZO62i0cq0PQ 👉 This Penny Stock is a GUARANTEED Double!! https://youtu.be/Yx6wZNz95dM ============================= ✅ About AvidTrader: Value Investor. Discussing Day & Swing Trades Also Long Term Investments! Stock Breakdowns. Grow Your Trading Account Effectively. Technical Analysis and Pattern Recognition. How to Make Money, But More Importantly Learning & Having Fun in The Process! Avid Trader is not a Series 7 licensed investment professional, but a digital marketing manager/content creator to publicly traded and privately held companies. Avid Trader receives compensation from its clients in the form of cash and restricted securities for consulting services. 🔔 Subscribe to my channel for more videos: https://www.youtube.com/@AvidTrader/?sub_confirmation=1 ===================== #pennystocks #pennystocktrading #fundamentalanalysis #electricvehicle #evbattery #lithium #tsla #teslastock #aeroplane #aerospace #stockanalysis #elonmusk #elon #otc #undervaluedstocks #miningstocks Disclaimer: Avid Trader is not a Series 7 licensed investment professional, but a digital marketing manager/content creator to publicly traded and privately held companies. This is not financial advice. Investments involve risk and are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. To date, AvidTrader has been compensated three thousand dollars USD by ACH Bank Transfer by Lifewater Media for advertising First Atlantic Nickel Corp. (OTCMKTS: FANCF). As of the date of this advertisement, the owners of AvidTrader do not hold a position in First Atlantic Nickel Corp. (OTCMKTS: FANCF). This advertisement and other marketing efforts may increase investor and market awareness, which may result in an increased number of shareholders owning and trading the securities of First Atlantic Nickel Corp. (OTCMKTS: FANCF), increased trading volume, and possibly an increased share price of First Atlantic Nickel Corp. (OTCMKTS: FANCF), which may or may not be temporary and decrease once the marketing arrangement has ended. Copyright Disclaimer: Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use © AvidTrader via AvidTrader https://www.youtube.com/channel/UCK_XU3FW-ffEK8BG5EisnNA June 27, 2024 at 10:07PM

[bitcoincables]

Bitcoin Miners and MicroStrategy Stock Rally as BTC Hits $50.3K

Bitcoin's recent rebound to a two-year high has had a positive impact on crypto and mining stocks. MicroStrategy, known for its support of Bitcoin, saw its shares rise by 11% in the last 24 hours and 33% over the past seven days.

The software company and its founder, Michael Saylor, are renowned for their belief that Bitcoin is a digital gold and store of value. MicroStrategy currently holds 190,000 BTC worth $8.1 billion in its treasury as a hedge against inflation. The correlation between MicroStrategy's stock (MSTR) and BTC now stands at 0.94, indicating a strong relationship between the two assets.

Bitcoin mining stocks have also followed BTC's bullish price action. Riot Platforms and Marathon Digital Holdings, two of the largest Bitcoin mining firms, have registered significant gains over the past week. The rise in Bitcoin's price has increased the profitability of miners, even as the mining difficulty level reached an all-time high.

Read the original article #Bitcoin #Crypto #MicroStrategy #MiningStocks