Thursday, February 18, 2021 2:42:00 PM
https://www.nasdaq.com/market-activity/stocks/riot/institutional-holdings
Riot has the entire American financial team as owners. Likely, Mr. Wonderful is part of that (and bully for him: wish it were me.) That said, all of that deep money are Riot's investors. These institutions invest, literally, tons of money into riot and so the stock goes up. Not difficult to understand. Their money could be their thumb on the scale. Are these same institutions also investing in miners other than Riot? Are these institutions investing in all the good miners? That would be the smart thing, right? So, if they aren't investing in all the miners, then why the f not. That would be odd, unless they are, on purpose, tipping the Riot scale.
These institutions could be doing what the reddit crowd did with gamestop. but individual redditors are not the same as institutions working together as a group. If true, how would that not be manipulating the price of Riot? Anything these institutions support as a group will inevitably go up because they have all all the money in the universe and can push any company to any height. It's not about whether Riot is the best miner.
Please understand, I'm not criticizing Riot or saying they're incompetent. They obviously are not incompetent. All I'm saying is that their price is high because the institutions which own it are also investing in it.
In that scenario, Hive, the long-term miner which has fought for its life and now actually makes a profit, is helpless to defend itself against such an onslaught.
I think that's why the price is high, not because of Nasdaq.
Recent HIVE News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/11/2024 01:46:36 AM
- Marathon Defies Globalization with ‘Made in USA’ Bitcoin, Mt. Gox Wallet Tests Transaction, and Latest in Crypto • IH Market News • 08/13/2024 07:35:36 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/31/2024 08:20:20 PM
- Crypto: Mining Stocks Eclipse BTC in 2023, Ethereum PoS Revamped by Vitalik Buterin, and Latest Trends • IH Market News • 12/29/2023 02:44:55 AM
- HIVE Digital Announces Closing of $28.75 Million Bought Deal Private Placement Financing to “HODL” Our Bitcoin Production and Expand Green Mining Footprint • GlobeNewswire Inc. • 12/28/2023 02:25:45 PM
- Crypto this Monday: Standard Chartered Tests e-CNY, Cosmos to Launch AtomOne Fork, and More • IH Market News • 11/27/2023 07:38:45 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM