BTCS Inc (OTCMKTS:BTCS) Stock In News: Are You Excited?
In recent times, blockchain technology has been adopted in a big way by many industries, and hence, there are expectations that the industry is going to eventually grow quite rapidly. As a result, it is no surprise that investors are nowadays increasingly on the hunt for stocks of companies that are engaged in the blockchain technology sector.
One of the companies from the sector to have garnered considerable attention in recent days is BTCS Inc (OTCMKTS:BTCS). In the past week, the blockchain technology company has seen its stock soar by as much as 33% and such gains are likely to bring it into the attention of many investors over the coming days.
This morning the company is in news again after making a key announcement with regards to its operations. BTCS announced this morning that XTZ or Tezos has been added to the blockchain infrastructure operations. It is a significant development for the company and something that is expected to be watched closely by market participants. XTZ is a decentralized blockchain that was established back in 2014 and is primarily meant for decentralized applications as well as smart contracts.
At this point in time, XTZ is the 45th biggest cryptocurrency in the world thanks to its market capitalization of $2.75 billion. It should be noted that at its initial coin offering that was held in 2017, XTZ managed to raise as much as $232 million and at the time it was regarded as one of the biggest offerings.
Will Netlist Inc (OTCMKTS:NLST) Stock Come Back After The recent Fall?
When a stock manages to clock enormous gains over the course of the year, then it is probably the duty of investors to look into those stocks a lot more closely. One such stock is Netlist Inc (OTCMKTS:NLST) and in recent days, there has been considerable activity in the stock as well.
After having suffered from a selloff and tanked by as much as 35% over the course of a week, the Netlist stock staged a recovery on Tuesday. Investors returned to the stock again yesterday as it ended the day with gains of 13%. In this context, it is also important to keep in mind that over the course of the year so far, the Netlist stock has recorded gains of a staggering 865% so far.
There was no news about the company yesterday but earlier on in the month Netlist announced its financial results for the second fiscal quarter that ended on July 3, 2021. In the quarter, the company managed to generated revenues of as much as $64.4 million. It consisted of revenues from licensing fees of $40 million and $24.4 million in the form of product revenues.
Those figures reflect a 123% sequential rise in licensing fees revenues and 64% for product revenues. On the other hand, Netlist managed to bring in a net income of $27.8 million for the quarter and that was again a stellar performance considering the fact that in the prior-year period the company had actually suffered a $1.8 million loss.