Vortex Brands acquires MicroStrategy stock as strategic asset [Seeking Alpha]
VORTEX BRANDS CO (VTXB)
Company Research
Source: Seeking Alpha
In their latest announcement, Vortex disclosed an initial purchase of 10 MSTR shares and committed to acquiring at least 10 more shares every month. These holdings will be reported quarterly. CEO Todd Higley explained that this investment strategy allows Vortex to leverage the arbitrage opportunities between public markets and the intrinsic value of Bitcoin. "This move aligns with Vortex Brands' positive outlook on Bitcoin and belief in hard assets, including certain digital assets, as preferred investments in the current economic environment," he added. Furthermore, Vortex Brands is on the verge of unveiling a new division designed to create additional revenue streams while optimizing their Bitcoin mining efficiency. Shares of VTXB were down 20% on Wednesday. Recommended For You More Trending News Recommended For You More Trending News About VTXB Stock Related Stocks Trending Analysis Trending News
Show less
Read more
Impact Snapshot
Event Time:
VTXB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VTXB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VTXB alerts
High impacting VORTEX BRANDS CO news events
Weekly update
A roundup of the hottest topics