SoFi Stock Plummets Despite Game-Changing Lightspark Bitcoin Partnership
SoFi's stock just took a nosedive—and Wall Street's scratching its head over why a landmark Bitcoin integration isn't moving the needle.
Lightspark's Lightning tech should've been a rocket booster
Teaming up with Lightspark puts SoFi at the forefront of Bitcoin utility. Instant settlements, near-zero fees, seamless cross-border transactions—this isn't just an upgrade; it's a total infrastructure overhaul. Lightning Network integration means SoFi users finally get Bitcoin that works like actual currency, not just a speculative asset sitting in a digital vault.
But traders shrugged—typical finance shortsightedness
Despite the long-term potential, markets reacted with a collective 'meh.' Maybe they're too busy chasing quarterly earnings to notice when real innovation hits—or maybe they still think blockchain is just a fancy word for 'things they don't own.' Classic Wall Street: obsessed with next quarter's projections while missing the decade's transformation.
Partnerships don't always equal instant gains—but they build inevitability
This dip might just be noise. Real value in crypto isn't built in a day; it's wired into the system, transaction by transaction. SoFi's playing the long game—and betting that when Lightning strikes, everyone else will be left playing catch-up.
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SoFi said the international money transfer service will launch later this year. When it does, the company’s service will offer some of the lowest transfer rates in the world. The company will also offer its users transparency, with rates and fees shown before funds are sent. This service will be available 24/7 through the SoFi app.
SoFi CEO Anthony Noto said, “For many SoFi members who regularly send money to loved ones internationally, the ability to quickly transfer money at low cost isn’t just a convenience, it’s a meaningful improvement to their everyday financial lives. By embedding this directly into SoFi’s app, we’re unlocking the value of blockchain technology, to give members faster, smarter, and more inclusive access to their money.”
SoFi Stock Movement Today
While SoFi stock was initially up in early morning trading today, the shares have fallen 4.21% as of this writing. However, SOFI stock was still up 50.84% year-to-date and 228.77% over the past 12 months. Strong consecutive quarterly beats have pushed the shares higher over the past year.
Is SoFi Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for SoFi is Hold, based on five Buy, 11 Hold, and four Sell ratings over the past three months. With that comes an average SOFI stock price target of $20.06, representing a potential 14.2% downside for the shares.
