Bioceres Crop Solutions Stock (NASDAQ: BIOX)

Bioceres Crop Solutions (NASDAQ:BIOX) Stock

Bioceres Crop Solutions

Bioceres Crop Solutions Corp is a fully integrated provider of crop productivity solutions, including seeds, seed traits, seed treatments, biologicals, high-value adjuvants, and fertilizers. The company has developed a multi-discipline and multi-product platform capable of providing solutions throughout the entire crop cycle, from pre-planting to transportation and storage. Some of the products offered by the company include fertilizers, inoculants, adjuvants, crop protection solutions, and seeds among others. Its operating segments are crop protection, which derives key revenue, seed and integrated products, and crop nutrition. Geographically, the majority of the company's revenue is generated from Argentina and the rest from Brazil, North America, Latin America, and other regions.

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Kohl&#39;s Posts Upbeat Q2 Earnings, Joins Box, Waldencast, AeroVironment And Other Big Stocks Moving Higher On Wednesday

Bioceres Crop Solutions Corp. - Ordinary Shares

Bioceres Crop Solutions Corp

BIOXYNE LTD by BIOXYNE LTD.

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Bioxytran Inc

Gaotu Techedu (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) reported quarterly losses of RMB(0.53) per share which beat the analyst consensus estimate of RMB(0.76) by 30.26 percent. This is a 15.22 percent decrease over losses of RMB(0.46) per share from the same period last year. The company reported quarterly sales of RMB1.39 billion which beat the analyst consensus estimate of RMB1.31 billion by 5.92 percent. This is a 82.39 percent increase over sales of RMB761.01 million the same period last year.

Earnings

Earnings Beats

GSX Techedu Inc. American Depositary Shares

GOTU

Gaotu Techedu Q4 2024 Adj EPS RMB(0.53) Beats RMB(0.76) Estimate, Sales RMB1.39B Beat RMB1.31B Estimate

Elon Musk-led EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has begun delivering its refreshed Model Y in China, while U.S. customers who have placed orders are still awaiting their vehicles.
What Happened: &#8220;Deliveries of our new Model Y kick off in China today. Heart racing for more to come!,&#8221; Tesla said in a post on social media platform X.
The post was accompanied by photographs of customers taking deliveries of their vehicles in the country amid decorations.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Deliveries of our new Model Y kick off in China today. Heart racing for more to come!&#x1f389; <a href="https://t.co/m2RFd6Tt6r">pic.twitter.com/m2RFd6Tt6r</a>
&mdash; Tesla Asia (@Tesla_Asia) <a href="https://twitter.com/Tesla_Asia/status/1894609187432431837?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
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Tesla launched the refreshed Model Y first in China and in its primary U.S. market only a few days later. In the U.S., vehicle deliveries are expected to start in March.
In China, the refreshed vehicle starts at 263,500 yuan, nearly <a href="https://www.benzinga.com/tech/25/01/42905406/tesla-launches-refreshed-model-y-in-china-amid-rising-competition">5.4% pricier </a>than the older version of the vehicle which started at 249,900 yuan.
Why It Matters: Model Y is Tesla's best-selling vehicle. The refreshed vehicle's launch follows the company reporting a fall in annual vehicle deliveries for the first time in over a decade.
Tesla reported global&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/01/42766117/tesla-stock-tumbles-on-q4-deliveries-whats-going-on" target="_blank" rel="noreferrer noopener">deliveries of 1.79 million</a>&nbsp;vehicles in 2024, down from full-year deliveries of 1.81 million in 2023.
Tesla CEO&nbsp;Elon Musk&nbsp;said during the company's earnings call last month that production will&nbsp;<a href="https://www.benzinga.com/25/01/43328898/elon-musk-warns-teslas-new-model-y-will-result-in-several-weeks-of-lost-production-for-ev-giant-in-q1" target="_blank" rel="noopener">be lost during the days of retooling&nbsp;</a>factories to prepare for the refreshed vehicle&#8217;s production.
The CEO also warned that margins will be impacted due to idle capacity and other ramp-related costs. However, these challenges will be overcome once production is ramped, he said.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: Tesla

Tech

TSLA

Elon Musk-Led Tesla Kickstarts Deliveries Of Refreshed Model Y In China: US Customers Expected To Get Their Vehicles From March

2025 Outlook
(i) Overall Performance: We expect our EBITDA to grow in line with our medium-term outlook of between 4-8%. The outlook for FY25 reflects our current assessment of inflation and other macroeconomic conditions.
(ii) Net Finance Costs: Net pension interest expenses and accretion expenses are expected to be in the range of 190 to 220 million USD per quarter, depending on currency and interest rate fluctuations. We expect the average gross debt coupon in FY25 to be approximately 4%.
(iii) Effective Tax Rates (ETR): We expect the normalized ETR in FY25 to be in the range of 26% to 28%. The ETR outlook does not consider the impact of potential future changes in legislation.
(iv) Net Capital Expenditure: We expect net capital expenditure of between 3.5 and 4.0 billion USD in FY25.

Guidance

Anheuser-Busch InBev 2025 Outlook: Expects EBITDA Growth Of 4%-8%, Capex Set At $3.5B–$4B, And Net Finance Costs Estimated To Be $190M-$220M Per Quarter

Anheuser-Busch InBev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.72 by 22.22 percent. This is a 7.32 percent increase over earnings of $0.82 per share from the same period last year. The company reported quarterly sales of $14.84 billion which beat the analyst consensus estimate of $14.05 billion by 5.62 percent. This is a 2.54 percent increase over sales of $14.47 billion the same period last year.

Anheuser-Busch InBev Q4 2024 Adj EPS $0.88 Beats $0.72 Estimate, Sales $14.84B Beat $14.05B Estimate

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Qatar Airways has expanded its Starlink-powered in-flight internet service, surpassing its initial installation targets and now equipping over half of its Boeing fleet with Elon Musk's <a href="https://www.benzinga.com/news/24/05/39081646/elon-musks-starlink-joins-hands-with-qatar-airways-for-menas-first-complimentary-wi-fi-service-on-se">high-speed satellite Wi-Fi</a>.
What Happened: The airline has now installed Starlink Wi-Fi on its 30th aircraft, just four months after launching the world's first Boeing 777 Starlink-enabled flight.
This marks a major acceleration in the airline's rollout plans, far exceeding its initial goal of 12 installations in 2024.
Initially, the airline planned to complete the entire Boeing 777 fleet upgrade in two years, but thanks to process optimizations, the full rollout will now be completed by the second quarter of 2025, the company said on Tuesday.
See Also: <a href="https://in.benzinga.com/general/space/25/02/43906438/elon-musks-starlink-braces-for-global-satellite-war-as-chinas-spacesail-and-jeff-bezos-kuiper-expand">Elon Musk&#8217;s Starlink Braces For Global Satellite War As China&#8217;s SpaceSail And Jeff Bezos&#8217; Kuiper Expand</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Qatar Airways has equipped over 50% of its Boeing 777 fleet with Starlink connectivity in just four months since launching the world's first Starlink-equipped Boeing 777 flight. The rollout has been accelerated to complete Starlink installations across the Boeing 777 fleet in…
&mdash; Qatar Airways (@qatarairways) <a href="https://twitter.com/qatarairways/status/1894351850670899379?ref_src=twsrc%5Etfw">February 25, 2025</a></blockquote>
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Qatar Airways said in its post that the accelerated rollout exceeded its initially set timeline and it&#8217;s bringing &#8220;complimentary, fast, and reliable Wi-Fi to more passengers at a record speed.&#8221;
Why It Matters: SpaceX, the company behind Starlink, has been aggressively expanding its satellite internet service. In January, it reported over <a href="https://www.benzinga.com/general/space/25/01/42761808/spacex-says-starlink-now-has-over-4-6-million-customers-1-6-million-new-users-added-in-7-months">4.6 million customers</a> across 118 countries.
Earlier this week, it was also reported that SpaceX is working to integrate Starlink into the U.S. Federal Aviation Administration&#8217;s <a href="https://in.benzinga.com/25/02/43931361/elon-musks-spacex-pushes-to-install-starlink-in-us-airspace-network-raising-conflict-of-interest-concerns-and-threatening-verizons-2-billion-deal">national airspace network</a>.
Photo Courtesy: Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

SPACE

Elon Musk's Starlink Now Available On More Than 50% Boeing Fleet Of Qatar Airways — Airline Says Free Wi-Fi Rolling Out At 'Record Speed'

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Bank of Japan Core Consumer Price Index (YoY) 2.2% Vs. 2.0% Est.; 1.9% Prior

Reported Earlier, Australia Construction Work Done (QoQ) For Q4 0.5% Vs. 1.0% Est.; 2.0% (Revised) Prior

Lowe's Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) will release its fourth-quarter financial results before the <a href="https://www.benzinga.com/quote/LOW/earnings">opening bell on Wednesday, Feb. 26.</a>
Analysts expect the Mooresville, North Carolina-based company to report quarterly earnings at $1.84 per share, up from $1.77 per share in the year-ago period. Lowe's projects quarterly revenue of $18.29 billion, compared to $18.6 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Dec. 11, 2024, Lowe's highlighted its near-term and long-term financial targets at its 2024 Analyst and Investor Conference. The company introduced a standardized framework to harness generative AI, aimed at improving customer experiences and boosting productivity.
Lowe's shares gained 2.2% to close at $242.39 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/LOW/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating with a price target of $305 on Feb. 20, 2025. This analyst has an accuracy rate of 69%.</li>
<li>Truist Securities analyst Scott Ciccarelli maintained a Buy rating and raised the price target from $307 to $308 on Feb. 11, 2025. This analyst has an accuracy rate of 71%.</li>
<li>RBC Capital analyst Steven Shamesh maintained a Sector Perform rating and increased the price target from $291 to $292 on Dec. 12, 2024. This analyst has an accuracy rate of 63%.</li>
<li>Evercore ISI Group analyst Greg Melich maintained an In-Line rating and raised the price target from $270 to $290 on Dec. 12, 2024. This analyst has an accuracy rate of 81%.</li>
<li>Wedbush analyst Seth Basham reiterated a Neutral rating with a price target of $250 on Dec. 12, 2024. This analyst has an accuracy rate of 73%.</li>
</ul>
Considering buying LOW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/25150907/image-214-1024x576.png" alt="" class="wp-image-798310" style="width:546px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/25150907/image-214-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/25150907/image-214-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/25150907/image-214-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/25150907/image-214.png 1132w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Price Target

Analyst Ratings

Lowe's Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) reported quarterly earnings of $0.19 per share which missed the analyst consensus estimate of $1.02 by 81.37 percent. This is a 5 percent decrease over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $2.50 billion which missed the analyst consensus estimate of $14.54 billion by 82.80 percent. This is a 8.49 percent decrease over sales of $2.73 billion the same period last year.

Earnings Misses

Telefonica Brasil Q4 2024 GAAP EPS $0.19 Misses $1.02 Estimate, Sales $2.50B Miss $14.54B Estimate

On Tuesday, AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) CEO Adam Aron said that the world's biggest streamers are rethinking their approach to the big screen—Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are fully on board, but Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) still needs convincing.
What Happened: "There are streamers and then there are streamers," Aron said during AMC's <a href="https://in.benzinga.com/general/entertainment/25/02/43958798/amc-q4-earnings-revenue-beat-eps-in-line-attendance-up-20-shares-climb">fourth-quarter earnings</a> call.&nbsp;
The CEO noted that both companies have shown enthusiasm for theatrical distribution, with Amazon significantly expanding its distribution team to boost film releases.
Apple is also gearing up for the <a href="https://www.benzinga.com/general/22/06/27599992/top-gun-maverick-director-to-team-up-with-apple-brad-pitt-for-formula-1-movie">release of the movie</a> &#8220;F1,&#8221; directed by Joe Kosinski and starring Brad Pitt, which is expected to be a major hit.
See Also: <a href="https://in.benzinga.com/25/02/43878300/netflix-invests-1b-in-mexican-film-industry">Netflix Bets Big On Mexico: Plans $1B Investment To Supercharge Local Productions</a>
Aron said that the industry is recognizing the value of theatrical releases, as movies that perform well in theaters often become popular on streaming platforms.
He stated that while Apple and Amazon are embracing this trend, Netflix has been less enthusiastic. "We would love to be able to convince Netflix that embracing theatrical releases is good for them."&nbsp;
He pointed out that Netflix had previously tested the waters with "Glass Onion" and now "Narnia," <a href="https://www.benzinga.com/media/25/01/43063274/imax-secures-netflix-deal-for-exclusive-narnia-theatrical-release-stock-jumps">which will screen on</a> IMAX Corp. (NYSE: IMAX0 screens.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters:&nbsp; In the fourth quarter, AMC reported revenue of $1.31 billion, surpassing the consensus estimate of $1.3 billion.
While AMC CEO seems to be encouraging streamers and theatres collaboration, Netflix co-CEO Ted Sarandos last year said that blockbuster films like &#8220;Barbie&#8221; and &#8220;Oppenheimer&#8221; would have been <a href="https://www.benzinga.com/general/entertainment/24/05/39024178/barbie-and-oppenheimer-wouldve-hit-just-as-big-on-netflix-says-ted-sarandos-but-social-medi">equally successful on their platform</a>.
His statement sparked a debate about the role of theaters in a streaming-dominated era.&nbsp;
In October also, Sarandos defended Netflix&#8217;s strategy of largely bypassing theatrical releases saying, "I'm just going to reiterate, we are in the subscriptions streaming business, and you can see our results. It's a pretty good business and it appeals to a very large segment of consumers and fans."
In January 2025, Netflix reported <a href="https://www.benzinga.com/news/earnings/25/01/43114866/netflix-q4-earnings-record-subscribers-nfl-squid-game-push-past-highest-expectations">fourth-quarter revenue</a> of $10.25 billion, marking a 16% year-over-year increase and exceeding the Street consensus estimate of $10.11 billion.
Price Action: In after-hours trading, AMC stock rose 0.91% to $3.30. Earlier on Tuesday, it closed at $3.27, down 2.68% for the day. Meanwhile, Netflix stock edged up 0.13% in after-hours trading after closing at $977.24 on Tuesday, reflecting a 1.14% decline for the day, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Photo Courtesy: Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

NFLX

AMC CEO Says Apple And Amazon Are Warming Up To Theatrical Releases But This Streaming Giant Still Isn't Convinced

On Tuesday, a federal judge ruled that Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) must <a href="https://www.benzinga.com/25/02/43723246/meta-faces-backlash-as-laid-off-workers-say-they-were-unfairly-targeted-despite-strong-performance-records">face a lawsuit</a> alleging it systematically favors foreign workers.
What Happened: U.S. Magistrate Judge Laurel Beeler in San Francisco allowed a proposed class-action lawsuit to proceed, brought by Purushothaman Rajaram, Ekta Bhatia, and Qun Wang, who claim Meta rejected them in favor of foreign workers despite their qualifications, reported Reuters.
The plaintiffs argue that Meta has a pattern of prioritizing visa holders for employment, a claim supported by court-cited statistics: 15% of Meta's U.S. workforce holds H-1B visas, compared to 0.5% across all industries.
See Also: <a href="https://www.benzinga.com/markets/25/02/43962882/meta-gears-up-for-ai-dominance-with-200-billion-data-center-project-report">Meta Gears Up For AI Dominance With $200 Billion Data Center Project: Report</a>
Meta denied the allegations, stating the claims are "baseless" and that there is no evidence it intended to discriminate.
Why It Matters: The lawsuit against Meta comes amid a backdrop of ongoing debates over using <a href="https://www.benzinga.com/news/24/12/42715951/trump-backs-immigration-visas-musk-praises-his-stance-and-says-rising-tide-lifts-all-boats">H-1B visas in the tech industry</a>.&nbsp;
In 2020, President Donald Trump signed an executive order temporarily suspending new H-1B visas, arguing they should go only to highly skilled, well-paid workers and not replace Americans.
A federal judge struck down the order, prompting his administration to impose stricter eligibility rules and higher salary requirements. Another judge later blocked some of those changes.
In December 2024, Trump <a href="https://www.benzinga.com/news/24/12/42715951/trump-backs-immigration-visas-musk-praises-his-stance-and-says-rising-tide-lifts-all-boats">defended the program</a>, saying, "I've been a believer in H-1B. I have used it many times. It's a great program."
Amazon topped the list of H-1B visa sponsors in fiscal year 2024, filing 10,969 Labor Condition Applications (LCA) with an average salary of $149,812, according to myvisajobs.com's ranking of the top 200 employers.
Cognizant Technology Solutions followed with 8,688 applications and an average salary of $101,773, while Ernst &amp; Young filed 8,674 applications, offering an average of $143,378. Tata Consultancy Services and Google rounded out the top five, with 8,120 and 7,649 applications, respectively. Google offered the highest average salary among them at $178,184.
Other major tech firms on the list include Microsoft (6,649 applications, $163,672 average salary), Meta (4,566 applications, $199,944), and Intel (3,242 applications, $145,250).
Image via Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Legal

Media

Meta Hit with Lawsuit Claiming It Favors Foreign Workers Over US Citizens — Mark Zuckerberg-Led Tech Giant Calls It 'Baseless'

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) and Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) notched sizable gains Tuesday even as the broader market sentiment was grim following Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) precipitous drop.
What happened: Frog-themed Pepe rallied over 6% in the last 24 hours, while the trading volume jumped 12.26% to over $1 billion. Among meme coins with over a billion dollars in capitalization, Pepe gained the most.
Chandler, a prominent Pepe bull, stated that, while the coin was down 70% from its highs, anyone buying the present dip would be up +800% in the next significant retrace.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">So you bought <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> at the top and now you're down 70%. Okay, but have you tried buying now so during the next -70% you'll still be up 800%? &#x1f438; Many <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> holders are still in profit today—not just because they were early, but also because they were buying when others were… <a href="https://t.co/Dcom2dMkj4">pic.twitter.com/Dcom2dMkj4</a>
&mdash; Chandler&#x26a1;&#xFE0F; (@ChandlerCharts) <a href="https://twitter.com/ChandlerCharts/status/1894502825519955968?ref_src=twsrc%5Etfw">February 25, 2025</a></blockquote>
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</figure>
Notably, just about 34% of Pepe holders were in profit at the current price, <a href="https://app.intotheblock.com/coin/PEPE">according </a>to IntoTheBlock.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43931332/peter-schiff-questions-michael-saylor-led-strategys-leverage-bitcoin-play-amid-share-price-decline-massive-dilution-has-destroyed-shareholder-value">Peter Schiff Questions Michael Saylor-Led Strategy&#8217;s Leverage Bitcoin Play Amid MSTR Decline: &#8216;Massive Dilution Has Destroyed Shareholder Value&#8217;</a>
Shiba Inu, another Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based meme coin, gained 4.12%, alongside a 16.83% jump in trading volumes. Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based Bonk rose over 5%.&nbsp;
Meanwhile, Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), the largest meme coin by market valuation, was up marginally by 0.20%.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:30 p.m. ET)</td>
</tr>
<tr>
<td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td>
<td>+6.75%</td>
<td>$0.000008378</td>
</tr>
<tr>
<td>Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>)</td>
<td>+5.22%</td>
<td>$0.00001368</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>+4.12%</td>
<td>$0.00001430</td>
</tr>
</tbody>
</table>
</figure>
The overall meme coin market capitalization rose 2.44% to $58.37 billion in the last 24 hours, marking a noticeable recovery.
The gains in meme coins <a href="https://www.benzinga.com/25/02/43963235/bitcoin-cracks-ethereum-dogecoin-recoup-as-extreme-fear-grips-crypto-market-heres-what-this-top-analyst-says-about-buying-the-dip">contrasted with the downsides</a> in Bitcoin, as the world's leading cryptocurrency plunged below $86,000 for the first time in over three months. Ethereum also traded flat as of this writing. 
Image via Shutterstock
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<li><a href="https://www.benzinga.com/25/02/43931639/riot-platforms-ceo-reaffirms-plan-to-boost-bitcoin-yield-but-not-looking-too-closely-at-strategys-maneuvers">Riot Platforms CEO Reaffirms Plan To Boost Bitcoin Yield But &#8216;Not Looking Too Closely&#8217; At Michael Saylor-Led Strategy&#8217;s Maneuvers</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BONK

$BTC

$DOGE

$ETH

$PEPE

$SHIB

$SOL

Pepe, Shiba Inu Lead Recovery Amid Broader Slump —Trader Says Those Buying PEPE Now Would Sit Pretty During The Memecoin's Next Retrace

Dockworkers along the U.S. East and Gulf coasts have overwhelmingly approved a six-year contract agreement with nearly 99% voting in favor, the International Longshoremen&#8217;s Association announced Tuesday. 
The approval removes the threat of a potentially devastating strike that could have severely impacted supply chains across major U.S. ports from Boston to Houston, <a href="https://apnews.com/article/us-dockworkers-union-labor-agreement-c3a2abcc2de362b2b104b54100ad8d15">reported</a> the Associated Press.
The contract, already approved by the U.S. Maritime Alliance of ports and shipping companies last month, provides workers with a substantial 62% pay increase over six years, raising top-scale hourly wages from $39 to $63. ILA President Harold Daggett called the agreement &#8220;the &#8216;gold standard&#8217; for dockworker unions globally,&#8221; despite requiring a three-day strike last October to advance negotiations.
A key breakthrough came on automation, the most contentious issue dividing the parties. The agreement permits ports to implement modernizing technology while requiring new worker hiring and prohibiting full automation. Brian Lynch of EY Americas noted the contract &#8220;opens the door a little more for advanced technology&#8221; while maintaining labor protections.
The agreement will be officially signed the week of Mar. 10. President Donald Trump had previously voiced support for the union, criticizing automation&#8217;s impact on American workers.
Read Next:
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<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/02/43955914/market-could-enter-a-real-correction-expert-warns">Market Could Enter A ‘Real Correction,' Expert Warns, Highlights 2 ‘Recession-Resistant' Companies</a></li>
</ul>
Image Via Shuttertstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

US Dockworkers Approve 62% Wage Hike In New 6-Year Contract, Averting Major Port Disruption

An investor recommendation urging video game retailer GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) to adopt the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) standard caused cryptocurrencies themed on the company to surge on Tuesday.
What happened: BNB Chain (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>)-based GameStop Coin exploded 363% over the last 24 hours to a market capitalization of $3.15 million.
Similarly, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based GameStop, with a much higher valuation, rallied over 8%, while its trading volume bounced 46% in the last 24 hours.
It&#8217;s worth noting that these meme coins aren't directly tied to GameStop but rather seek to capitalize on the hype surrounding the meme stock.
Benzinga Note:&nbsp;Investing in meme coins and cryptocurrencies is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:50 p.m. ET)</td>
</tr>
<tr>
<td>GameStop Coin (GME)</td>
<td>+363.19%</td>
<td>$0.000009387</td>
</tr>
<tr>
<td>GameStop (GME)</td>
<td>+8.27%</td>
<td>$0.0001116</td>
</tr>
</tbody>
</table>
</figure>
The surge came after Matt Cole, CEO of investment firm Strive Asset Management, sent a letter urging GameStop CEO Ryan Cohen to adopt Bitcoin as a Treasury reserve asset.&nbsp;
Strive, which holds shares of GameStop through its exchange-traded funds, proposed that GameStop utilize its $5 billion-strong cash reserves to invest in Bitcoin, a move that could propel itself &#8220;from meme stock to market leader.&#8221;
Cohen has acknowledged the letter.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yesterday, Strive sent GameStop an engagement letter urging them to adopt Bitcoin as the cornerstone of their treasury. We believe this shift can elevate <a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GME</a> from "meme stock" to gaming-sector leader, driving long-run value for shareholders—including our clients who hold…
&mdash; Matt Cole (@ColeMacro) <a href="https://twitter.com/ColeMacro/status/1894425685126455740?ref_src=twsrc%5Etfw">February 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Note that Strive was co-founded by Ohio Governor hopeful Vivek Ramaswamy in early 2022.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43931332/peter-schiff-questions-michael-saylor-led-strategys-leverage-bitcoin-play-amid-share-price-decline-massive-dilution-has-destroyed-shareholder-value">Peter Schiff Questions Michael Saylor-Led Strategy&#8217;s Leverage Bitcoin Play Amid MSTR Decline: &#8216;Massive Dilution Has Destroyed Shareholder Value&#8217;</a>
Why It Matters: Speculations about GameStop's foray into Bitcoin investments have soared ever since <a href="https://in.benzinga.com/trading-ideas/movers/25/02/43605313/gamestop-stock-is-surging-monday-whats-going-on">Cohen posted a picture</a> with Michael Saylor, co-founder of Bitcoin Treasury company Strategy,&nbsp; on X
GameStop has been one of the most popular retail stocks in recent years, helped by the historic 2021 meme stock craze that saw the stock squeeze higher. Keith Gill, also known as <a href="https://www.benzinga.com/topic/roaring-kitty">"Roaring Kitty,&#8221;</a> has influenced GameStop&#8217;s price action through his cryptic posts on X.
Price Action: Shares of GameStop were up 0.16% in after-hours trading after closing 2.32% lower at&nbsp; $24.42 during Tuesday's regular session , according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/02/43931639/riot-platforms-ceo-reaffirms-plan-to-boost-bitcoin-yield-but-not-looking-too-closely-at-strategys-maneuvers">Riot Platforms CEO Reaffirms Plan To Boost Bitcoin Yield But &#8216;Not Looking Too Closely&#8217; At Michael Saylor-Led Strategy&#8217;s Maneuvers</a></li>
</ul>

$BNB

GameStop-Themed Cryptos Soar After Vivek Ramaswamy Co-Founded Firm's CEO Urges Bitcoin Investment: Graduate From Being 'Meme Stock' To Sector Leader

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is working to fix a bug in its AI-powered dictation system after iPhone users reported that saying "racist" caused the word "Trump" to appear briefly before correcting itself.
What Happened: The issue was first noticed on Tuesday, with reports spreading rapidly after a viral TikTok video highlighted the problem.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8; When I first heard about this I assumed it was some clickbait conservatard hoax &#8211; but it's real and happening. When you use voice to text on an iPhone and say "racist" it first appears as Trump. Check it out &#x1f447;&#x1f3fb;&#x1f447;&#x1f3fb;&#x1f447;&#x1f3fb; <a href="https://t.co/Ry8HJPRj8r">pic.twitter.com/Ry8HJPRj8r</a>
&mdash; Steven Steele (@MrStevenSteele) <a href="https://twitter.com/MrStevenSteele/status/1894546462681235582?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
An Apple spokeswoman attributed the issue to phonetic overlap between the two words and stated that the company is working on a fix, <a href="https://www.nytimes.com/2025/02/25/technology/iphone-dictation-trump-racist.html">reported</a> the New York Times.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Last month, Apple had to disable its AI news summarization feature after it <a href="https://www.benzinga.com/25/01/42836957/apple-acknowledges-ai-flaws-after-bbc-complaint-vows-fix-for-misleading-news-summaries">generated inaccurate headlines</a>.
&nbsp;"This smells like a serious prank," John Burkey, a former Apple Siri team member and AI startup founder said about the latest issue, the report noted.&nbsp;
Burkey added, "The only question is: Did someone slip this into the data or slip into the code?"
The timing of the controversy is notable, appearing a day after Apple announced a <a href="https://www.benzinga.com/markets/equities/25/02/43933072/apple-could-save-11-billion-annually-by-avoiding-tariffs-as-tim-cooks-tech-giant-pledges-500-billion-us-investment-says-top-analyst">$500 billion U.S. investment</a>, which includes plans to manufacture AI servers in Houston, Texas.
Image via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Apple's AI Dictation Bug That Replaces 'Racist' With 'Trump' Sparks Controversy — Cupertino Says Its Phonetic Overlap

U.S. indices had a mixed close on Tuesday, with the Dow Jones Industrial Average gaining nearly 0.4% to 43,621.16, while the S&amp;P 500 slipped about 0.5% to 5,955.25. The Nasdaq saw a steeper drop of 1.35%, closing at 19,026.39. Despite the broader downturn, certain stocks drew interest from retail traders and investors.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Super Micro Computer, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)
Super Micro Computer&#8217;s shares surged nearly 10% in Tuesday's after-hours session after the company filed its delayed quarterly and annual reports with the U.S. Securities and Exchange Commission. The stock closed down 11.76% at $45.54, with an intraday high of $50.67 and a low of $44. The 52-week high and low are $122.9 and $17.25 respectively. 
The company filed its delayed quarterly and annual reports with the U.S. Securities and Exchange Commission. The <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43960671/super-micro-computer-stock-is-soaring-after-hours-whats-going-on">filing</a> included the annual report for the fiscal year ending June 30, 2024, and quarterly reports for periods ending September 30, 2024, and December 31, 2024. According to the reports, second-quarter revenue registered at $5.68 billion.
Lucid Group, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)
Lucid Group reported fourth-quarter financial results after the market close on Tuesday. The stock closed down 6.12% at $2.61, with an intraday high of $2.90 and a low of $2.60. The 52-week high and low are $4.43 and $1.93 respectively. The company reported its <a href="https://www.benzinga.com/news/earnings/25/02/43957497/lucid-q4-earnings-revenue-beat-eps-beat-20k-production-guidance-for-2025-ceo-transition-and-more">fourth-quarter financial results</a>, which showed a revenue of $234.5 million, surpassing the consensus estimate of $214.22 million. Lucid also reported a loss of 22 cents per share, beating analyst estimates of a 27-cent loss.
Cava Group, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>)
Cava Group reported its fourth-quarter results after Tuesday&#8217;s closing bell. The stock closed down 4.72% at $99.30, with an intraday high of $103 and a low of $97.73. The 52-week high and low are $172.43 and $50.37 respectively. In the after-hours session, the shares rose over 1.7% to $101. The company&#8217;s <a href="https://in.benzinga.com/general/restaurants/25/02/43957737/cava-group-stock-drops-after-q4-earnings-miss-details">fourth-quarter earnings report</a>, which showed adjusted earnings of five cents per share, missed the six-cent analyst consensus estimate. However, quarterly revenue of $225.1 million exceeded the $223.63 million consensus estimate.
First Solar, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>)
First Solar reported its fourth-quarter results after Tuesday&#8217;s closing bell. The stock closed down 3.56% at $147.46, with an intraday high of $152.67 and a low of $146.19. The 52-week high and low are $306.77 and $141.76 respectively. The stock spiked almost 2% to $150.40 in the after-hours trading. First Solar reported  <a href="https://in.benzinga.com/news/earnings/25/02/43959732/first-solar-reports-mixed-q4-results-eps-miss-revenues-beat-fy-net-bookings-of-44-gigawatts">mixed fourth-quarter results</a>, which included earnings of $3.65 per share, missing the analyst consensus estimate of $4.71. However, quarterly revenue of $1.51 billion surpassed the $1.46 billion consensus estimate.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla saw its market capitalization fall below the symbolic $1 trillion mark on Tuesday as shares plunged 8.39% to $302.80. The stock&#8217;s intraday high was $328.89 and the low was $297.25. The 52-week high and low are $488.54 and $138.80 respectively. The drop was <a href="https://www.benzinga.com/markets/equities/25/02/43962728/tesla-loses-1-trillion-valuation-as-shares-plunge-8-elon-musks-doge-role-brand-backlash-fuel-sell-off">precipitated by factors</a> including Elon Musk&#8217;s involvement with Dogecoin and brand backlash.
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
Image via Shutterstock
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<li><a href="https://www.benzinga.com/25/02/43963343/cathie-woods-buys-the-dip-in-tempus-ai-coinbase-but-sells-arks-bitcoin-etf-shares-amid-crypto-meltdown">Cathie Wood&#8217;s Buys The Dip In Tempus AI, Coinbase But Sells Ark&#8217;s Bitcoin ETF Shares Amid Crypto Meltdown</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

CAVA

FSLR

LCID

SMCI

Tesla, First Solar, Cava Group, Lucid Group, And Super Micro Computer: Why Are These 5 Stocks On Investors' Radars Today

Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares surged nearly 10% in after-hours trading Tuesday following the electric vehicle maker&#8217;s announcement of ambitious 2025 production targets and the unexpected departure of its founder and CEO.
What Happened: The luxury EV manufacturer projected production of 20,000 vehicles in 2025, significantly above analyst expectations of 14,700 and more than double the 9,029 vehicles produced in 2024. Simultaneously, the company revealed that Peter Rawlinson would step down as CEO, with COO Marc Winterhoff assuming the role on an interim basis.
Gary Black, Managing Partner at The Future Fund LLC, expressed skepticism about the timing and circumstances of Rawlinson&#8217;s exit.
&#8220;It&#8217;s highly unusual for a CEO to step down amicably before earnings and not be given an opportunity to provide a farewell on the earnings call,&#8221; Black wrote on X. &#8220;That $LCID will search for a permanent CEO in the interim is also unusual if Rawlinson is capable of remaining in the role as CEO.&#8221;
Black speculated that either medical reasons or personal issues may have prompted Rawlinson&#8217;s sudden departure. While Rawlinson will stay on as a technical advisor to the board chairman, he will no longer be involved in day-to-day operations, effective immediately.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It's highly unusual for a CEO to step down amicably before earnings and not be given an opportunity to provide a farewell on the earnings call. Rawlinson is staying on as technical advisor to the chairman of the board but effective immediately is no longer involved in day to day…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1894528154477236360?ref_src=twsrc%5Etfw">February 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43962728/tesla-loses-1-trillion-valuation-as-shares-plunge-8-elon-musks-doge-role-brand-backlash-fuel-sell-off">Tesla Loses $1 Trillion Valuation As Shares Plunge 8%— Elon Musk&#8217;s DOGE Role, Brand Backlash Fuel Sell-Off</a>
Why It Matters: For the fourth quarter of 2024, Lucid <a href="https://www.benzinga.com/news/earnings/25/02/43957497/lucid-q4-earnings-revenue-beat-eps-beat-20k-production-guidance-for-2025-ceo-transition-and-more">reported revenue of $234.5 million</a>, beating estimates of $214.22 million, and a loss of 22 cents per share, better than the expected 27-cent loss. The company delivered 3,099 vehicles in the quarter.
&#8220;We saw significant momentum in 2024 with four consecutive quarters of record deliveries,&#8221; said Gagan Dhingra, Interim CFO, noting substantial progress in improving gross margins and managing operating expenses.
Lucid ended the quarter with approximately $6.13 billion in total liquidity, <a href="https://www.benzinga.com/news/earnings/25/02/43957497/lucid-q4-earnings-revenue-beat-eps-beat-20k-production-guidance-for-2025-ceo-transition-and-more">bolstered by support</a> from the Public Investment Fund.
Price Action: Lucid Group Inc. closed at $2.61 on Tuesday, down 6.12% for the day. In after-hours trading, the stock rose 9.59% to $2.86, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/02/43955914/market-could-enter-a-real-correction-expert-warns">Market Could Enter A &#8216;Real Correction,&#8217; Expert Warns, Highlights 2 &#8216;Recession-Resistant&#8217; Companies</a></li>
</ul>
Image Via Shuttertstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Gary Black Questions Lucid CEO Peter Rawlinson's Exit As Stock Jumps Nearly 10% In After Hours Trading: 'Highly Unusual'

Renowned market commentator Peter Schiff said Tuesday that only a strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve announced by President Donald Trump could halt the ongoing market slump.
What happened: In an X post, Schiff wrote, "I think the only thing that can delay a Bitcoin meltdown is Trump." He suggested that only a strong show of support from Trump for a strategic reserve, funded by Bitcoin purchases, could address the slowdown.
Schiff said it would be similar to quantitative easing, where the Federal Reserve buys government bonds to boost economic activity. He, however, deemed the scenario unlikely.
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I think the only thing that can delay a Bitcoin meltdown is Trump. He has to indicate strong support for a Bitcoin Strategic Reserve, funded by large purchases of Bitcoin. Basically, the equivalent of QE, only with the government buying Bitcoin instead of bonds. It&#39;s not likely.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1894519137902137815?ref_src=twsrc%5Etfw">February 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43931332/peter-schiff-questions-michael-saylor-led-strategys-leverage-bitcoin-play-amid-share-price-decline-massive-dilution-has-destroyed-shareholder-value">Peter Schiff Questions Michael Saylor-Led Strategy&#8217;s Leverage Bitcoin Play Amid MSTR Decline: &#8216;Massive Dilution Has Destroyed Shareholder Value&#8217;</a>
Schiff also mocked the Bitcoin holders, saying. "Turn out the lights, the Bitcoin $100,000 party is over."
He added that despite "Bitcoin entering a bear market," there was no panic or capitulation, indicating that the downturn is just getting started.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Turn out the lights, the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> 100K party is over. As is typically the case, I&#39;m sure most of you stayed too long. Also, despite Bitcoin entering a bear market today, there was no panic or capitulation. That means the Bitcoin bear market is not over, but just getting started.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1894488355229872598?ref_src=twsrc%5Etfw">February 25, 2025</a></blockquote>
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Why It Matters: Schiff's comments come after <a href="https://www.benzinga.com/25/02/43963235/bitcoin-cracks-ethereum-dogecoin-recoup-as-extreme-fear-grips-crypto-market-heres-what-this-top-analyst-says-about-buying-the-dip">Bitcoin plunged to a three-month low of $86,000</a>, pushing the whole cryptocurrency market down.&nbsp;
Schiff has <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42245202/peter-schiff-bitcoin-reserve-is-the-worst-monetary-mistake-us-could-make">criticized the concept of a strategic Bitcoin reserve</a>, deeming it the "worst monetary mistake" the U.S. could make.
Trump signed an executive order after assuming office, which included a <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43177482/trump-signs-executive-order-on-crypto-bitcoin-reserve-to-be-evaluated">directive to evaluate</a> the creation of a "strategic national digital asset stockpile" and not just a Bitcoin stockpile.&nbsp;
Schiff said it was just an <a href="https://in.benzinga.com/markets/cryptocurrency/25/01/43200132/peter-schiff-trumps-crypto-order-is-an-easy-way-to-pay-off-donors">attempt to "pay off donors"</a> rather than a genuine effort to advance the cryptocurrency industry.
Price Action: At the time of writing, Bitcoin was exchanging hands at $88,714.28, down 3.63% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Image via Shutterstock
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Trump Can Delay A Bitcoin Meltdown By Announcing Strategic Reserve, Says Peter Schiff: 'Turn Out The Lights, The BTC $100,000 Party Is Over'

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