MicroStrategy, two months ago: “We’re going to give this Bitcoin thing a go.”

MicroStrategy, today: “We’ve made more money in the past two months than in the previous three and a half years.”

Yes, it’s another Bitcoin update. This time the winner is 20-year-old US business intelligence specialists MicroStrategy, which took a punt at the start of the last quarter by buying $US425 million in BTC.

Here’s how Q3 worked out for them in these turbulent, Covid-hit times:

Back to some of the traditionalists – making money the proper way – that you might have missed on the ASX today.


Moho Resources (ASX:MOH) has given an update on progress on its Far North Queensland hydrogeochemistry borehole and waterbore sampling program at the Empress Springs project.

A $112,000 state government grant was used for the study (in collaboration with the CSIRO) to analyse waters beneath the cover rocks from existing water bores throughout Moho’s 11 Empress Springs tenements.

The aim of the project is to find chemical signatures evidencing large mineralised systems.

Samples have now been collected and metal analyses and other local analytical results are expected in November 2020. Gold and isotope results are expected in early 2021.

– Earlier this week, we saw Zebit (ASX:ZBT) fail to lift off on the premise of being the BNPL for “credit-challenged” customers. Today, Credit Clear (ASX:CCR) jumped into the gap where investors who want to make money off a BNPL, but are a bit edgy about the people who use BNPLs, have been hovering.

Credit Clear is a receivables management solutions provider, which means it works for business clients to collect unpaid money owed by their customers. So, it’s been a good quarter or two to be collecting potential revenue from all those shiny new BNPL users.

Credit Clear jumped 47% on debut, to 68 cents.

– It’s been a while since we heard from satellite launcher Sky and Space Global (ASX:SAS). Once riding high in the 20 cent region, it flatlined at 1.6 cents this time last year after promises of being “close to securing funding” never eventuated into anything meaningful.

Guess what? Today, S&S landed a three-year $3 million launch services and consulting agreement with Virgin Orbit. Virgin Orbit will be granted 7 million three-year options in SAS, exercisable at $0.40 each, and will also be entitled to appoint an observer to the SAS board.


Trading halts

Back out Thursday:

Adriatic Metals (ASX:ADT) – capital raising

VRX Silica (ASX:VRX) – mining lease application

Liontown Resources (ASX:LTR) – capital raising

Toro Energy (ASX:TOE) – exploration update on its Yandal Project

HGL Limited (ASX:HNG) – capital raising

Red Mountain Mining (ASX:RMX) – project update, acquisition and conditional capital raising

McPherson’s (ASX:MCP) – equity raising and associated acquisition

Cauldron Energy (ASX:CXU) – capital raising

MetalsTech (ASX:MTC) – exploration results

Resources & Energy Group (ASX:REZ) – capital raising

Back out Friday:

Buddy Technologies (ASX:BUD) – legal proceedings

Pilbara Minerals (ASX:PLS) – acquisition

Xplore Wealth (ASX:XPL) – acquisition

HUB24 (ASX:HUB) – capital raising