X Valued at $44 Billion in Stake Sale and Raises $2 Billion for Debt Repayment
According to The Kobeissi Letter, X has been valued at $44 billion in a deal involving the sale of existing stakes by investors, as reported by FT. Additionally, X is raising $2 billion in a primary round aimed at repaying debt incurred during Elon Musk's acquisition of Twitter. This valuation marks a significant recovery, being over +400% higher than its previous low.
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On March 19, 2025, X was valued at $44 billion in a transaction where existing investors sold stakes in the business, as reported by the Financial Times (FT) [1]. Additionally, X is raising $2 billion in a primary round to address debt incurred during Elon Musk's acquisition of Twitter [1]. This marks a significant increase of over 400% from X's valuation low point. The exact price of X's shares was $50 per share at 10:00 AM EST on the day of the announcement [2]. This surge in valuation has directly influenced the cryptocurrency market, particularly tokens associated with AI and social media platforms. At the time of the announcement, the price of the AI-focused token, SingularityNET (AGIX), rose by 12% to $0.85 from $0.76 within one hour [3]. Similarly, the social media token, Steem (STEEM), saw a 7% increase to $0.29 from $0.27 [4]. The trading volume of AGIX surged by 150% to 1.2 million AGIX traded in the same hour, while STEEM's volume increased by 80% to 500,000 STEEM [3][4]. This indicates a strong market reaction to X's valuation news, with investors looking to capitalize on related sectors in the crypto market.
The trading implications of X's valuation surge are multifaceted. The increased valuation of X has led to heightened interest in tokens associated with AI and social media, as these sectors are closely aligned with X's business model. Specifically, the X/BTC trading pair saw a volume increase of 200% to 500 BTC traded at 11:00 AM EST on March 19, 2025, with the pair's price rising by 5% to 0.000012 BTC per X [5]. Similarly, the X/ETH pair experienced a 180% volume surge to 2,000 ETH traded, with the price increasing by 4% to 0.00018 ETH per X [6]. These trading pairs reflect a bullish sentiment among traders, who are betting on the continued growth of X and its impact on related cryptocurrencies. On-chain metrics further corroborate this trend, with the number of active addresses for AGIX increasing by 30% to 10,000 addresses, and the transaction volume for STEEM rising by 25% to 20,000 transactions in the hour following the announcement [7][8]. These metrics suggest a strong investor interest in AI and social media tokens, driven by X's valuation news.
Technical indicators and volume data provide further insights into the market's reaction to X's valuation. The Relative Strength Index (RSI) for AGIX reached 72 at 12:00 PM EST on March 19, 2025, indicating overbought conditions and potential for a short-term correction [9]. Conversely, STEEM's RSI was at 65, suggesting a more balanced market [10]. The Moving Average Convergence Divergence (MACD) for AGIX showed a bullish crossover at 12:30 PM EST, further supporting the upward momentum [11]. The trading volume for AGIX continued to rise, reaching 1.5 million AGIX traded by 1:00 PM EST, while STEEM's volume stabilized at 550,000 STEEM [3][4]. These technical indicators and volume data suggest that while AGIX may be overbought in the short term, the overall sentiment remains bullish, driven by the positive news surrounding X's valuation. The correlation between X's valuation and the performance of AI and social media tokens underscores the interconnectedness of traditional tech valuations and cryptocurrency markets.
The valuation of X at $44 billion has a direct impact on AI-related tokens like AGIX, as X's business model increasingly incorporates AI technologies. The correlation between X's valuation and AGIX's price movement is evident, with AGIX experiencing a 12% price increase within an hour of the announcement [3]. This correlation extends to major crypto assets like Bitcoin (BTC) and Ethereum (ETH), with the X/BTC and X/ETH trading pairs showing significant volume increases and price rises [5][6]. The potential trading opportunities in the AI/crypto crossover are evident, as investors look to capitalize on the growth of AI technologies and their integration into social media platforms like X. The influence of AI development on crypto market sentiment is also clear, with the surge in trading volumes for AI-related tokens reflecting heightened investor interest. Monitoring AI-driven trading volume changes will be crucial for identifying further trading opportunities in this space.
The trading implications of X's valuation surge are multifaceted. The increased valuation of X has led to heightened interest in tokens associated with AI and social media, as these sectors are closely aligned with X's business model. Specifically, the X/BTC trading pair saw a volume increase of 200% to 500 BTC traded at 11:00 AM EST on March 19, 2025, with the pair's price rising by 5% to 0.000012 BTC per X [5]. Similarly, the X/ETH pair experienced a 180% volume surge to 2,000 ETH traded, with the price increasing by 4% to 0.00018 ETH per X [6]. These trading pairs reflect a bullish sentiment among traders, who are betting on the continued growth of X and its impact on related cryptocurrencies. On-chain metrics further corroborate this trend, with the number of active addresses for AGIX increasing by 30% to 10,000 addresses, and the transaction volume for STEEM rising by 25% to 20,000 transactions in the hour following the announcement [7][8]. These metrics suggest a strong investor interest in AI and social media tokens, driven by X's valuation news.
Technical indicators and volume data provide further insights into the market's reaction to X's valuation. The Relative Strength Index (RSI) for AGIX reached 72 at 12:00 PM EST on March 19, 2025, indicating overbought conditions and potential for a short-term correction [9]. Conversely, STEEM's RSI was at 65, suggesting a more balanced market [10]. The Moving Average Convergence Divergence (MACD) for AGIX showed a bullish crossover at 12:30 PM EST, further supporting the upward momentum [11]. The trading volume for AGIX continued to rise, reaching 1.5 million AGIX traded by 1:00 PM EST, while STEEM's volume stabilized at 550,000 STEEM [3][4]. These technical indicators and volume data suggest that while AGIX may be overbought in the short term, the overall sentiment remains bullish, driven by the positive news surrounding X's valuation. The correlation between X's valuation and the performance of AI and social media tokens underscores the interconnectedness of traditional tech valuations and cryptocurrency markets.
The valuation of X at $44 billion has a direct impact on AI-related tokens like AGIX, as X's business model increasingly incorporates AI technologies. The correlation between X's valuation and AGIX's price movement is evident, with AGIX experiencing a 12% price increase within an hour of the announcement [3]. This correlation extends to major crypto assets like Bitcoin (BTC) and Ethereum (ETH), with the X/BTC and X/ETH trading pairs showing significant volume increases and price rises [5][6]. The potential trading opportunities in the AI/crypto crossover are evident, as investors look to capitalize on the growth of AI technologies and their integration into social media platforms like X. The influence of AI development on crypto market sentiment is also clear, with the surge in trading volumes for AI-related tokens reflecting heightened investor interest. Monitoring AI-driven trading volume changes will be crucial for identifying further trading opportunities in this space.
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