fidelity investments

  1. Hanno Labuschagne

    Bitcoin ETFs approved

    Bitcoin ETFs approved US regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly $1.7 trillion digital-asset sector that will broaden access to the largest cryptocurrency on Wall Street and beyond. The...
  3. Hanno Labuschagne

    X's value plummets further

    X's value plummets further Elon Musk’s X is now worth less than a third of the price the billionaire paid for the former Twitter Inc., according to Axios citing disclosures by Fidelity, which helped him complete the $44 billion purchase. Fidelity cut by a further 11% the value of its holding...
  4. Hanno Labuschagne

    Bitcoin hits $35,000 for first time since May 2022

    Bitcoin hits $35,000 for first time since May 2022 Bitcoin extended a rally fueled by expectations of fresh demand from exchange-traded funds (ETFs), reaching the highest price since May last year. The largest digital asset rose as much as 11.5% to top $35,000 (R661,932) and was trading at...
  5. Hanno Labuschagne

    Twitter worth about 33% of its initial buyout price

    Twitter worth about 33% of its initial buyout price Twitter is now worth just one-third of what Elon Musk paid for the social media platform, according to Fidelity, which recently marked down the value of its equity stake in the company. Musk has acknowledged he overpaid for Twitter, which he...
  6. Kevin Lancaster

    Google helps SpaceX raise $1 billion

    Google helps SpaceX raise $1 billion SpaceX has raised $1 billion from Google and Fidelity in a deal that values the spaceship manufacturer at about $10 billion
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