November 15, 2013 1:12 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
On November 14th, hedge funds released their quarterly 13f reports, and Bill Ackman's Pershing Square was no exception. The 13f contained the names of the six stocks that are widely known to be held by Ackman. The following morning, Pershing Capital released a surprising 13D which disclosed the hedge fund has taken a 9.98 percent stake in
Fannie Mae (OTC: FNMA) and 9.77 percent stake in
Freddie Mac. (OTC: FMCC)The bombshell report comes a day after Bruce Berkowitz of Fairholme Capital Management announced on CNBC that he and other investors were prepared to recapitalize both mortgage insurers. “We have the infrastructure. We could have the money. We can make a reasonable return. We don't have to be greedy. We don't have to have federal support” Berkowitz told CNBC's David FaberWhile Berkowitz has publicly discussed the his involvement with the future of the mortgage insurers, Ackman has only spoken about the companies during the financial crisis in 2008. Ackman has never hinted at taking ownership stakes in either company. His involvement represents a complete 180 from previous investments such as
J.C. Penney (NYSE: JCP) and
Procter & Gamble. (NYSE: PG)As this is a developing story, there have been no public comments made by any of the companies involved or Pershing Square.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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