TODAY: SpaceX reports its first earnings after market close.
▸ Revenue expected: ~$6.9B; EPS expected: -$0.23
▸ Starlink profitability, Starship progress and AI spending
▸ 911.5M shares eligible for sale from August 6
Backpack-issued $SPCX has traded over $1B on Solana.
Still sticking to my HSK DCA plan: $5 every Monday and Friday. Playing the long game and hoping consistency will eventually pay off $HSK @HashKeyGroup 🤡🤡 I don't even believe it'll pay off anymore 💀
Still sticking to my HSK DCA plan: $5 every Monday and Friday. Playing the long game and hoping consistency will eventually pay off $HSK @HashKeyGroup 🤡🤡 I don't even believe it'll pay off anymore 💀
Issued by Backpack Securities, $MSTR is now listed on @Solana with @Sunrise.
The world’s largest corporate holder of $BTC reports earnings this Thursday after market close.
▸ Redeemable 1:1 for Strategy shares
▸ Transferable to traditional brokerages
▸ Tradable across Solana and Nasdaq
Trade the new standard in tokenized stocks.
Backpack CEO Armani Ferrante on CNBC, breaking down 24/7 trading of US equities on Solana
"What the tokenized stock issuers are doing today is taking a traditional brokerage, putting stocks into it, then wrapping it into a completely separate security, a completely separate instrument that has different properties. Different legal rights, cash settled, more akin to a CFD rather than an actual security entitlement"
"What we're doing is really for the first time opening up 24/7 trading for a genuine bonafide security entitlement. Markets will close on Friday in the US, and over the weekend, Saturday and Sunday, people through the Backpack brokerage will continue to trade. They'll get the exact same asset you would expect from your neighborhood brokerage account"
"Jensen Huang loves to say the world needs to build on the American tech stack, but we don't talk enough about the world building on US capital markets. Look at stablecoins. Internationally it's a story about access, the entire world wanting US dollars even without local USD banking rails. Circle and Tether grew to be some of the largest holders of US Treasuries. We fully expect tokenization of US equities to have the exact same effect"
Frontier Traders operate at the next frontier of market structure: onchain liquidity, traditional securities, and global capital rails.
In collaboration with @SolanaFndn, Backpack Securities provides the tokenization infrastructure connecting these markets and bringing global traders onto Solana.
Institutions and traders can redeem tokenized stocks 1:1 for the underlying real shares, move securities between Solana and traditional brokerages, and cycle assets across TradFi venues and Solana’s DeFi ecosystem.
As more real-world assets move onchain, Backpack will continue supporting Frontier Traders across tokenization, rebalancing, custody, and global fiat rails.
.@sunrise bootstraps the deepest liquidity for tokenized SpaceX on @Solana, enabling onchain market access with tight spreads.
Issued by Backpack Securities, $SPCX is redeemable 1:1 for real SpaceX shares and transferable to other traditional brokerages.