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home / news releases / RIDE - Hot Stocks: Bitcoin fallout more memes big moves in NEXT and RIDE

RIDE - Hot Stocks: Bitcoin fallout more memes big moves in NEXT and RIDE

Lordstown Motors Corp.
peterschreiber.media/iStock via Getty Images Bitcoin and meme stocks remained big movers on Tuesday. Microstrategy (MSTR) expanded its plan to borrow money to purchase Bitcoin (BTC-USD), even as the cryptocurrency dropped on the session. Meanwhile, Wendy's (WEN) became the newest meme-stock darling. Microstrategy made news earlier this week with a bond offering meant to raise $400 million earmarked for the purchase of Bitcoin. This came on the same day the company revealed a $285 million loss related to Bitcoin fluctuations. Not satisfied with its original planned Bitcoin purchase, MSTR pushed even further on Tuesday. The company increased its planned bond sale to $500 million, with the money still slated for Bitcoin acquisition. Speaking of Bitcoin ... the price of cryptos like Bitcoin and Ethereum (ETH-USD) plunged Tuesday on news that U.S. federal agents had seized a big chunk of the ransom paid in the Colonial Pipeline ransomware attack. The decline was

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Hot Stocks: Bitcoin fallout, more memes, big moves in NEXT and RIDE
Stock Information
Company Name: Lordstown Motors Corp.
Stock Symbol: RIDE
Market: NASDAQ
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