A recent study has shown that major crypto investors are once again accumulating large amounts of digital assets. These investors are optimistic about the potential for Bitcoin to reach $100,000 by 2024. If you want to capitalize on the next significant crypto bull run, it is crucial to stay informed about market trends and investment opportunities. To gain access to top-notch crypto research and investment advice, sign up for Benzinga’s service for just $1.
In other news, Velo3D, Inc. (NYSE: VLD) recently announced a public offering of $12 million. The offering resulted in a decline in the company’s stock price. Despite this, institutional investors purchased 34.28 million shares of common stock and warrants to purchase an equivalent number of shares at a price of $0.35 per share, generating gross proceeds of approximately $12 million. The accompanying warrants are exercisable immediately at the same price and will expire in five years. The offering is expected to close around April 12, 2024, subject to standard closing conditions. Velo3D intends to use the net proceeds for working capital, capital expenses, and to repay senior secured notes due in 2026. As of December 31, 2023, the company had $31 million in cash and investments. Interested investors can access VLD shares through ETFs such as 3D Printing (The) ETF (BATS: PRNT) and ARK Space Exploration & Innovation ETF (BATS: ARKX).
It is essential for investors to stay updated on market developments and investment opportunities in both the crypto and traditional markets. By staying informed and leveraging reputable sources of research and analysis, investors can make well-informed decisions to maximize potential returns.
Investors looking for investment opportunities should be aware that there is no guarantee that any particular investment will achieve a profit or avoid loss. It is important to conduct thorough research before making any investment decisions.
Velo3D’s public offering marks yet another example of companies seeking funding through public markets despite declining stock prices. While this may be concerning for some investors, it also presents an opportunity for those willing to take calculated risks.
Overall, it is essential for investors to stay informed about market trends and investment opportunities in both the crypto and traditional markets if they want to maximize their potential returns. By leveraging reputable sources of research and analysis
