A Look at the Industry’s Profitability\n\nThe cryptocurrency industry has been gaining traction in recent years, with Bitcoin leading the way as the world’s premier cryptocurrency. Its volatile nature, the industry has seen impressive growth and profitability, with companies like Iris Energy Limited and Bitfarms Ltd. Diversifying their business models.\n\nIn November 2022, Bitcoin’s value dropped by 74%, causing shock among retail investors. This was due to a combination of factors, including rising interest rates and inflation, as well as regulatory concerns. As the industry continues to evolve, market participants are becoming more confident in the potential for a Bitcoin exchange traded fund (ETF) to clear the SEC’s radar.\n\nSimilar to traditional mining companies, cryptocurrency mining companies produce assets that are then sold for a profit. These companies are supported by backend companies that provide mining computers and hosting services. Additionally, the industry includes blockchain companies that offer their software as a service to various industries.\n\nThe cryptocurrency industry has seen impressive growth and profitability, with companies like Iris Energy Limited and Bitfarms Ltd. leading the way.”

Billionaires are Flocking to These Stock-Split Stocks\n\nOver the past few years, the stock market has been experiencing a lot of volatility, with major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite fluctuating between bear and bull markets. During these times, investors tend to seek out established and profitable companies for stability. While the FAANG stocks have been a popular choice for the past decade, recently, companies that have enacted stock splits have also caught the attention of investors.\n\nA stock split is a cosmetic change that allows a company to adjust its share price and outstanding share count without affecting its market cap or performance. \n\nSince July 2021, nine prominent companies have announced forward splits, including tech giants like Nvidia, Amazon, and Alphabet, as well as healthcare and consumer goods companies like DexCom, Monster Beverage, and Novo Nordisk. This trend has not gone unnoticed by billionaire investors, who have been buying up shares of these companies in anticipation of future growth.\n\nOne of the top stock-split stocks that billionaires are flocking to is e-commerce giant Amazon. According to recent filings with the Securities and Exchange Commission, 10 prominent billionaires have purchased shares of Amazon, including Jeff Yass of Susquehanna International, Ole Andreas Halvorsen of Viking Global Investors, and Steven Cohen of Point72 Asset Management.\n\nThe primary reason for this interest in Amazon is the company's rapidly growing operating cash flow. Amazon Web Services (AWS) is a major contributor, accounting for close to a third of global cloud infrastructure service spending. Additionally, subscription and advertising services are also delivering strong results for the company.\n\nThe recent trend of companies enacting stock splits has caught the attention of billionaire investors, who are buying up shares of these companies in anticipation of future growth.