SoFi Technologies shares hit a new high of $32! Obtained approval from the U.S. OCC and became the first Bitcoin chartered bank in the United States
The price of SoFi Technologies, a US financial technology company, broke through US$32 in the US stock market today (12th), reaching a maximum of US$32.54, setting a record high since its listing. The intraday increase reached 3%, and the total market value was temporarily reported at US$38.7 billion.
(Preliminary summary: Western Union announced the use of Solana as a stable currency chain and the issuance of USDPT as the main circulation token)
(Background supplement: The first in the United States" digital bank SoFi integrates the Bitcoin Lightning Network: cross-border remittances realize the era of instant arrival and low fees)
According to Google Finance data, the US financial technology company SoFi Technologies (NASDAQ: SOFI) in the US stock market today (12th), the price broke through 32 US dollars in one fell swoop, hitting a maximum of 32.54 US dollars, setting a record high since its listing. The intraday increase reached 3%, and the total market value was temporarily reported at 38.7 billion US dollars.
What is SoFi?
SoFi started as a student loan refinancing company in 2011. In recent years, SoFi has successfully transformed into one of the largest digitally native banks in the United States, with more than 10 million members and more than $25 billion in deposits.
The reason for this wave of stock price rise is not only the outstanding performance of its latest third-quarter financial report, but more importantly, yesterday (11th) SoFi was approved by the U.S. Office of the Comptroller of the Currency (OCC) and became the first nationally chartered bank in the United States to directly provide Bitcoin and cryptocurrency transactions. It officially shed the "FinTech Startup" label and became a digital financial giant on the same level as traditional major banks.
In this regard, analysts are generally optimistic about SoFi’s timing advantage in entering the encryption market. Goldman Sachs’ latest report gave it a “buy” rating and raised the target price to $40.
