Global Arena Holding Inc. (OTCMKTS:GAHC) Powering Higher But For How Long?

Global Arena Holding Inc. (OTCMKTS:GAHC)

Global Arena Holding Inc. (OTCMKTS:GAHC) impressive run in the market continued in Monday’s trading session in line with the rally being experienced in the Bitcoin space. The stock was up by 13.3% to end the day at $0.0357 a share. However, the rally came as a surprise given that the company is fresh from posting a wider than expected net loss for the three months ended June 30, 2017.

Global Arena Stock Chart:

Global Arena Holding Inc. (OTCMKTS:GAHC)
One month stock price chart for GAHC

Global Arena Stock Performance

Shares of Global Arena Holding Inc. (OTCMKTS:GAHC) were one of the biggest gainers in the second quarter after rallying from lows of $0.01 a share to highs of $0.063 a share. The rally came as Bitcoin continued to clock higher highs in line with growing demand for the cryptocurrency. The stock is currently trading in a tight $0.03-$0.05 trading range waiting to see if the momentum is strong enough to push the stock beyond its 52-week high of $0.07 a share.

The fact that the stock rallied even on the company posting wider than expected net loss shows that investors are betting on Global Arena as a Bitcoin play.

Bitcoin Factor

Global Arena Holding Inc. (OTCMKTS:GAHC) operates under two subsidiaries. GAHI Acquisition Corp provides the company with exposure to crypto type business through the application of blockchain technology to various sectors such as tech and finance.

Global Arena Holding Inc. (OTCMKTS:GAHC) also uses blockchain technology to secure voting records through its GES subsidiary. The company has so far managed elections in five continents and in the process processed 3.7 billion votes. It has also started to work on a new voting program that will allow its subsidiary GES to conduct more elections

How long the company will continue to power high in the charts depends on the performance of Bitcoin going forward. The performance of the cryptocurrency should continue having a ripple effect not only to Global Arena Holding Inc. (OTCMKTS:GAHC) but all stocks with exposure to the Blockchain technology.

Separately, Global Arena Holding Inc. (OTCMKTS:GAHC) says it generated a net loss of $5.3 million for the three months ended June 30, 2017, compared to a net loss of $2.7 million for the corresponding period last year. Operating expenses in the quarter doubled to $5.3 million from $2.6 million reported a year earlier. The company reported revenues of $275,300 shares compared to revenues of $322, 502 reported last year.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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Global Arena Holding Inc. (OTCMKTS:GAHC) In Focus As Bitcoin Continues To Rise

Global Arena Holding Inc. (OTCMKTS:GAHC)

Global Arena Holding Inc. (OTCMKTS:GAHC) investments in blockchain technology and startups appear to be paying off if its performance in the market in recent weeks is anything to go by. The stock has come to light in the recent past and is currently trading at its 52-week high.

Bitcoin Factor

The stock’s bullish tone does not come as a surprise given that the company is among the few companies offering exposure to Bitcoin. The bitcoin space remains the talk of the Street, the digital currency having been on an impressive run to current highs of $2,834. Talk of Bitcoin replacing traditional reserve currencies explains why investors are starting to look at companies that have a bitcoin-centric business model.

Global Arena Holding Inc. (OTCMKTS:GAHC) operates a subsidiary by the name GAHI Acquisition Corp that offers crypto-type services through the application of the blockchain technology which underpins Bitcoin. The fact that blockchain can be used on various areas of tech and finance means the company remains exposed to unique opportunities for growth.

Global Arena Big Plan

In a bid to take advantage of the growth in demand for blockchain technology and Bitcoin, Global Arena has already started to work on its own type of applications that leverage the two. Such applications involve applying blockchain in ATM machines, smart contracts, wills, and even voting machines.

Getting a head start on this application is key if a technology company is to stand a chance in competing against other companies with huge financial muscles. As bitcoin and blockchain become more mainstream Global Arena Holding Inc. (OTCMKTS:GAHC) could be able to generate a substantial amount of revenues.

Global Arena Holding Inc. (OTCMKTS:GAHC) stock exploded in Monday’s trading session. The stock was up by 107.69% and ended the day at $0.0540 a share. The big question now is whether the stock has what it takes to sustain the rally having registered a new 52-week high and trading at the high end of its tight trading range of $0.03 – $0.05 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $GAHC and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.