How Elon Musk is Fueling a Rally in Proof of Stake (PoS) Cryptocurrencies

Just days ago, Elon Musk said Tesla Inc. (NASDAQ:TSLA) would no longer accept Bitcoin for auto purchases, citing “rapidly increasing use of fossil fuels for Bitcoin mining,” as quoted by CNBC. In addition, Musk tweeted, “We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction.” As a result, Proof of Stake (PoS), and PoS-related stocks like Corp. (NEO:COIN)(FSE:76M) have benefited. After all, PoS cryptocurrencies are far different that your Proof of Work (PoW) cryptocurrencies. In fact, according to, “PoW systems use huge amounts of energy to secure the network. Because PoS networks do not suck up the immense amount of energy consumed by PoW networks like the Bitcoin network, they are environmentally friendlier.”

“In addition, according to, “Apps related to DeFi and NFTs are the primary ones being used today, and while they’ve experienced significant attention and growth this year, DeFi and NFT applications are still in their infancy. If there’s also near-term adoption of PoS digital assets for global payments, it could be a substantial catalyst for since the Company generates revenue through transaction validation.”

The news could be just as substantial for PayPal Holdings (NASDAQ:PYPL), Square Inc. (NYSE:SQ), and MicroStrategy Inc. (NASDAQ:MSTR).

One of the Top Beneficiaries of Such News is Corp. (NEO:COIN)(FSE:76M) Corp. is a Proof-of-Stake technology company that provides investors with a simple and secure way to gain exposure to Staking rewards and cryptocurrencies. The Company provides investors with exposure to the digital assets that power Decentralized Finance and Non-Fungible Tokens, without the burden of buying, managing and securing digital assets.

The Company just announced its financial results for its first quarter ended March 31, 2021. All amounts in this news release are unaudited and, unless otherwise indicated, are in US dollars.

“In the first quarter of 2021, the capital we deployed into Staking technology produced an annualized return of 12.8%. Those returns were paid to us in digital assets that continued to appreciate, resulting in a return on our capital deployed in Staking in excess of 50% annualized,” said Andrew Kiguel, CEO of

“In addition to the Staking revenues, the digital assets we use as tools to Stake appreciated by over 150%. Our model benefits from two forms of value creation: the revenue created from our operational Staking plus the appreciation of our digital assets used as tools for Staking. We perform transaction validation for blockchains that underpin the DeFi and NFT markets globally. It’s an incredibly asset-light, scalable model with an exciting global market opportunity that is still in the early stages.”

An investor call hosted by CEO Andrew Kiguel has been scheduled to discuss the Company’s Q1 2021 financial results starting at 11:00 am ET on Monday, May 17, 2021.

Date: Monday, May 17, 2021 Time: 11:00 a.m. ET
Dial-In: 1 (888) 465-5079 Passcode: 7298 172#

Q1 2021 Highlights:

- Closed CAD$25 million subscription receipt financing (the “Offering”) in connection with the closing of its go-public transaction co-lead by Stifel GMP and Canaccord

- Earned staking rewards equivalent to an annualized gross yield of 12.8%

- Digital assets owned by the Company and used for Staking appreciated by 151.9%

- Comprehensive income of USD$2,712,513

- Equivalent to USD$0.036 or CAD$0.044 comprehensive income per share subsequent to the Offering and share split that took effect prior to go-public transaction

Other related developments from around the markets include:

Tesla Inc. released its financial results for the first quarter of 2021 by posting an update on its Investor Relations website. Please visit to view the update.

PayPal Holdings released its fourth annual Global Impact Report, which highlights the company's key environmental, social and governance (ESG) strategies, activities and progress during the last year. The pandemic posed unprecedented challenges for the global community, resulting in economic hardships that impacted millions of individuals and businesses. Guided by a mission to build an inclusive economy for all people, 2020 was a pivotal year for PayPal to take action. Through the strength and scale of its platform, and guided by committed leadership, the company launched products and initiatives to support stakeholders in their time of need, accelerate a responsible transition to the digital economy and begin building towards an inclusive recovery.

Square Inc. announced the ability for sellers to offer alcohol delivery through Square Online’s on-demand delivery feature. Now, restaurants, bars, breweries, bottle shops, convenience stores, or any seller using Square Online can offer their customers the option to purchase alcohol from their website and have the order fulfilled through a delivery partner. For many restaurant and retail sellers, this offering can provide a lucrative, nearly passive, new revenue stream without the costly overhead associated with building out a delivery fleet or hiring and training additional staff.

MicroStrategy Inc., the largest independent publicly-traded business intelligence company, announced financial results for the three-month period ended March 31, 2021 (the first quarter of its 2021 fiscal year). “MicroStrategy’s first quarter results were a clear example that our two-pronged corporate strategy to grow our enterprise analytics software business and acquire and hold bitcoin is generating substantial shareholder value.  We had one of our strongest operational quarters in our software business in years, highlighted by 10% revenue growth and continued improvement in non-GAAP profitability.  The investments we have made in our platform in recent years are driving greater customer adoption of MicroStrategy, particularly in the cloud,” said Michael J. Saylor, CEO, MicroStrategy Incorporated.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Corp. by Corp. We own ZERO shares of Corp. Please click here for full disclaimer.

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