# MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies

# MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies

“# MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies ” The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries. The Nasdaq-listed enterprise software firm purchased an additional 5,050 Bitcoin for about $242.9 million, raising the value of its 114,042 BTC holdings…

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# Morgan Stanley launches cryptocurrency research team

# Morgan Stanley launches cryptocurrency research team

“# Morgan Stanley launches cryptocurrency research team ” Morgan Stanley, one of the largest banks in the United States, is setting up a new crypto-focused research division. The Wall Street megabank has appointed Sheena Shah as lead cryptocurrency analyst for its dedicated cryptocurrency research team, Bloomberg reported on Sept. 13. Shah worked as Morgan Stanley’s lead currency…

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#Chinese hedge funds shelling out 0,000 for recent grads

#Chinese hedge funds shelling out $300,000 for recent grads

“#Chinese hedge funds shelling out $300,000 for recent grads” Chinese hedge funds are giving Wall Street firms a run for their money. So-called quant funds there are ramping up pay to attract junior analysts, according to Bloomberg. Quant funds are hedge funds that use quantitative analysis, like mathematical modeling, to choose investments. Top hedge funds…

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#Ark’s Cathie Wood doubles down on Zoom after stock sinks

#Ark’s Cathie Wood doubles down on Zoom after stock sinks

“#Ark’s Cathie Wood doubles down on Zoom after stock sinks” Polarizing tech investor Cathie Wood doubled down on Zoom — even as the videoconferencing company’s stock plummeted 17 percent on Tuesday on forecasts for slower growth. Wood on Tuesday bought more than $50 million of Zoom stock through two exchange-traded funds she manages at her…

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#Astra Space stock plummets after Space Force launch failure

#Astra Space stock plummets after Space Force launch failure

“#Astra Space stock plummets after Space Force launch failure” Astra Space’s rocket isn’t the only thing that’s falling from the sky.  Shares of the much-hyped US space company fell nearly a quarter on Monday after one of Astra’s rockets dramatically malfunctioned over the weekend while on a test mission for the US Space Force.  Astra…

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#Lawyers fight back following attack on SPACs

#Lawyers fight back following attack on SPACs

“#Lawyers fight back following attack on SPACs” The nation’s top law firms are clapping back against an explosive lawsuit filed last week that argues so-called special-purpose acquisition companies, or SPACs, should be regulated as investment vehicles. In a letter released Friday, 49 of the most prestigious law firms in the US came to the defense…

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