DeFI News by Thebittimes.Com

Cathie Wood buys Baidu and Alibaba in a major portfolio reshuffling, while simultaneously selling off Roku shares and completely exiting a $69 million position in BREA. The Ark portfolio changes mark a strategic pivot toward Chinese tech stocks, as Cathie Wood buys Baidu at around $137.44 and also picks up Alibaba shares near $182.78. Comparison chart of BABA, ROKU, BIDU, and BREA analyst ratings – Source: TipRanks Cathie Wood Buys Baidu & Alibaba While Reshaping Ark’s Holdings Source: Investor’s Business Daily Major Buys in Chinese Tech Detailed comparison showing DKNG, BABA, BIDU, KDK, and RBRK holdings – Source: TipRanks Right now, Cathie Wood buys Alibaba at $182.78 per share, with the e-commerce giant carrying a market cap of $424.97 billion and a “ Strong Buy ” analyst consensus. The analyst price target actually sits at $191.55, which represents a 4.80% upside potential. At the same time, Ark Invest was adding Baidu shares that were trading at ...

Shares in Strategy Incorporated (MSTR) stock are down over 14% in the last 30 days following a rough month for Bitcoin (BTC). With Michael Saylor’s software company so heavily invested in the king cryptocurrency, the assets’ 7.5% dip in the past month hasn’t boded well for MSTR shares. Further, numerous price forecasts as of late for Bitcoin have come in bearish, which could be a tough test for Strategy stock in the coming quarter. Despite BTC hitting a new ATH earlier this month, the coin has hit strong resistance and is now trading back below $109,000. MSTR stock, meanwhile, is down from its $400 ATH levels from earlier this month. The drops have prompted forecasts of further decline for both entities. On the other hand, one bullish projection from a representative of Ripple Labs (XRP). Indeed, John Deaton, the popular pro-XRP lawyer, shared his latest crypto prediction on X on August 24. The lawyer suggests Bitcoin will reach the price range of $180,000-$250,000 the...