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.
Shares of Cheniere Energy, Inc. (NYSE: LNG) were up more than 5 percent on Friday, after Carl Icahn disclosed late Thursday a new activist position in the company.
According to the 13D filing, Icahn owns 19,353,530 shares of the company’s Common Stock, which represent 8.18 percent of the total shares outstanding. It should be noted, however, that this figure includes shares underlying forward contracts and call options -- an aggregate of 2,665,530 call options that expire on November 15.
Related Link: Citi: Cheniere Energy LP, LLC Are Buys
The SEC document assures the investor acquired the stock in the belief that it was undervalued. Having said this, Icahn and his team intend to have discussions with Cheniere’s management and Board of Directors relating to the company’s “operations, capital expenditures, financings and executive compensation.” In addition, Icahn Capital LP might seek representation in the Board of Directors, if and when appropriate.
Large Stakes
This new position makes of Icahn the largest institutional investor of record in Cheniere, trailed by Andreas Halvorsen’s Viking Global Investors, which last disclosed (after a 56 percent increase in its bet) ownership of 15,447,556 shares of the company.
Other relevant shareholders are The Vanguard Group, which last declared holding 14,387,068 shares; Seth Klarman’s Baupost Group, with 13,807,230 shares worth more than $1 billion; and Stephen Mandel’s Lone Pine Capital, which last said it owned 8,018,486 shares.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!