Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (TSX: $GLXY.TO) (NasdaqGM: $SDIG)

Friday, March 31, 2023

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (TSX: $GLXY.TO) (NasdaqGM: $SDIG)

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (TSX: $GLXY.TO) (NasdaqGM: $SDIG)

BTC Commentary from Lolli CEO Alex Adelman, Galaxy Digital and Stronghold Digital Publish Financial Results

Vancouver, Kelowna, Delta, BC March 31, 2023 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

Today’s podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

Listen to today’s Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2023/033123-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2023/crypto-corner/03311GLXY-SDIG.asp

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Stocks discussed: (TSX:GLXY) (NasdaqGM:SDIG)

Alex Adelman, CEO & Co-founder of Bitcoin (BTC) rewards app Lolli, has provided the following commentary to Investorideas.com regarding the state of Bitcoin amid uncertainty in the market:

“Bitcoin’s bullish momentum since the start of the year reflects renewed investor demand for the leading, most decentralized cryptocurrency.

The banking crisis has drawn attention to bitcoin as a new way of storing wealth that is free from centralized points of failure. Against the backdrop of a weakened banking sector, bitcoin’s decentralization is now more than ever a distinct and powerful advantage and point of interest. Bitcoin’s stability and upwards movement will continue to help it establish a strong price history and build investor confidence, further solidifying its position of strength in the markets.

Bitcoin has gained further market dominance in the cryptocurrency markets amid a crackdown on more centralized entities in crypto. Bitcoin is well positioned to be unaffected by a spate of enforcement actions coming from the SEC, because of its unmatched level of decentralization. The crackdown is drawing even more attention and interest to bitcoin, and highlighting its singular position among cryptocurrencies.

Bitcoin has become a safe haven for investors amid uncertain market conditions, particularly as the question hangs over the markets of whether the Fed will ease up on interest rates with a lower CPI.

Bitcoin now occupies an established and legitimate position in the financial markets as it continues to trade upwards against uncertain market conditions and outperform the Nasdaq and S&P 500."

For more on Lolli, visit their website at https://www.lolli.com/.

Galaxy Digital Holdings Ltd. (TSX:GLXY) has reported its financial results for the year ended December 31, 2022. Highlights include a net loss of $287.8 million USD for the fourth quarter ($1 billion for the full year), and a preliminary First Quarter 2023 Income before tax of $150 million. Michael Novogratz, Founder and CEO of Galaxy, said:

"2022 was a formative year for Galaxy, and while we and our industry faced unprecedented macroeconomic events, we succeeded in staying the course and were able to opportunistically take advantage of strategic opportunities to build our operating businesses for the future. I have never been more confident in our go-forward strategy, businesses, and team.”

Stronghold Digital Mining, Inc. (NasdaqGM:SDIG) has announced its financial and operational results for the fourth quarter and full year 2022. Highlights include a Q4 2022 revenue of $23.4 million – but a net loss of $47.4 million, and a current liquidity of about $8.8 million, ($7.7 million in cash plus 39 Bitcoin as of March 28, 2023). Greg Beard, the company’s Co-Chairman and CEO, said:

“Over the past seven months, we have made significant progress on our previously outlined strategic plan to deleverage, enhance liquidity, improve operational efficiency, and opportunistically rebuild our mining fleet. Since the second quarter of 2022, we have announced several agreements to reduce our debt, strengthen our balance sheet, and improve Stronghold’s liquidity position. We anticipated and responded proactively to challenges in our markets while prioritizing liquidity to endure through a challenging environment and are now meaningfully better positioned to take advantage of opportunities that arise in the market.”

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

Podcast sponsor:

AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.

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