17.35k followers • 14 symbols Watchlist by Yahoo Finance
This list will track the publicly traded companies that are making bets, big and small, on cryptocurrencies like bitcoin and ether. Yahoo Finance will update this list as new companies enter the crypto space.
Curated by Yahoo Finance
As the market cap of bitcoin has soared to $300 billion, everyone wants to get into the space, but not everyone wants to actually buy coins. One way to get exposure to crypto is to buy shares of public companies exposed to crypto. Yahoo Finance is now tracking the big companies ($1 billion market cap or higher) that have dipped in to crypto.How did we choose these stocks?
This is an editorial, curated list. Our team of reporters uses their expertise to judge which companies have gotten involved enough in crypto to merit inclusion here.How are these weighted?
The stocks in this watchlist are weighted equally based on price at the time they were added.
To read what every company on this list is doing that involves cryptocurrency, read this story.
|Watchlist||Change today||1-month return||1-year return||Total return|
|Top Crypto Bets||+0.89%||+35.62%||-11.58%||+197.28%|
|Symbol||Company name||Last price||Change||% change||Market time||Volume||Avg vol (3-month)||Market cap|
|MSFT||Microsoft Corporation||213.29||-3.25||-1.50%||4:00 pm GMT-4||49.28M||35.37M||1,614.10B|
|V||Visa Inc.||192.29||+1.60||+0.84%||4:00 pm GMT-4||8.11M||8.63M||422.16B|
|NVDA||NVIDIA Corporation||449.11||+8.70||+1.98%||4:00 pm GMT-4||7.76M||11.89M||270.85B|
|PYPL||PayPal Holdings, Inc.||197.33||+0.26||+0.13%||4:00 pm GMT-4||5.77M||8.52M||231.53B|
|AMD||Advanced Micro Devices, Inc.||85.04||+7.37||+9.49%||4:00 pm GMT-4||155.68M||61.00M||99.84B|
|GS||The Goldman Sachs Group, Inc.||201.64||+2.25||+1.13%||4:00 pm GMT-4||1.93M||3.60M||69.34B|
|SQ||Square, Inc.||136.83||+2.03||+1.51%||4:00 pm GMT-4||10.07M||13.53M||60.12B|
|CME||CME Group Inc.||163.13||+0.13||+0.08%||4:00 pm GMT-4||1.84M||1.93M||58.45B|
|NDAQ||Nasdaq, Inc.||129.7||-0.65||-0.50%||4:00 pm GMT-4||460.64k||744.92k||21.28B|
|IBKR||Interactive Brokers Group, Inc.||50.93||+0.24||+0.47%||4:00 pm GMT-4||477.24k||729.25k||21.16B|
|AMTD||TD Ameritrade Holding Corporation||36.78||+0.68||+1.88%||4:00 pm GMT-4||2.33M||4.18M||19.90B|
|CBOE||Cboe Global Markets, Inc.||85.58||-0.75||-0.87%||4:00 pm GMT-4||871.10k||772.22k||9.39B|
|OSTK||Overstock.com, Inc.||82.4||-0.56||-0.68%||4:00 pm GMT-4||4.48M||4.87M||3.32B|
|GBTC||Grayscale Bitcoin Trust (BTC)||13.2||-0.14||-1.05%||3:59 pm GMT-4||6.74M||5.64M||2.32B|
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(Bloomberg) -- Rackspace Technology Inc., the cloud-service provider backed by Apollo Global Management Inc., raised $704 million in a U.S. initial public offering priced at the bottom of the marketed range.The company sold 33.5 million shares for $21 apiece, it said in a statement confirming an earlier report by Bloomberg. The shares were marketed at $21 to $24 in the IPO, which was oversubscribed according to people familiar with the matter who asked not to be identified because it wasn’t public.Rackspace is valued in the listing at about $4.2 billion based on the outstanding shares listed in its filings with the U.S. Securities and Exchange Commission. Including debt, cash and other considerations, the company has an enterprise value of $7.6 billion, the people said.When it was taken private by Apollo in 2016, the company was valued at $4.3 billion including debt at the time.The San Antonio, Texas-based company estimates its net loss for the second quarter will be $24 million to $44 million on revenue of $655 million to $657 million, its listing documents show.Rackspace designs and operates its customers’ cloud platforms. It has more than 120,000 customers across 120 countries and about 6,800 employees, which the company calls “Rackers.”Investors buying Rackspace shares include BlackRock Inc., Fidelity and Norges Bank Investment Management, according to a person with knowledge of the matter. A spokesperson for Fidelity declined to comment. Representatives for BlackRock and Norges Bank didn’t immediately respond to requests for comment.Apollo will retain 65.1% of the voting power in Rackspace after the listing, the filings show.Goldman Sachs Group Inc., Citigroup Inc. and JPMorgan Chase & Co. are leading the offering. Apollo Global Securities, an affiliate of the private equity firm that backs Rackspace, is also an underwriter. Rackspace’s shares are expected to begin trading Wednesday on the Nasdaq Global Select Market under the symbol RXT.(Updates with statement in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Square Inc. second-quarter sales jumped 64% on increased online business activity and a surge in the number of people using the company’s peer-to-peer payment app.The San Francisco-based company said net revenue in the period ending June 30 was $1.92 billion, compared with $1.17 billion a year earlier. It lost 3 cents per share in the quarter.Square released the results a day ahead of schedule after Bloomberg News reported the revenue surge earlier on Tuesday. The stock jumped about 11% in extended trading.The pandemic, and the accompanying economic downturn, have hurt small businesses that rely on Square’s payments tools. However, millions of people have started using the company’s Cash App to send and receive money, and some some businesses have moved online to survive.Gross payment volume, a metric that tracks how much Square processes in total transactions, improved each month in the quarter, “driven primarily by sellers resuming operations as COVID-19–related restrictions eased,” the company wrote in a release. While total GPV fell 15%, the amount generated by online transactions was up more than 50% from the same quarter a year ago.The Cash App saw a spike in new users in April as people signed up to receive government aid. By June, the service had more than 30 million “monthly transacting active customers,” up from 24 million in December, Square said.This part of the business generated $1.2 billion in second-quarter revenue, up 361% from a year earlier, the company reported.(Updates with more details from results from fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.