TSNP Stock Price Increases Over 84% This Past Week: Why It Happened

By Amit Chowdhry ● February 4, 2021
  • The stock price of Tesoro Enterprises, Inc. (OTCMKTS: TSNP) is trading at over 84% this past week. This is why it happened.

The stock price of Tesoro Enterprises, Inc. (OTCMKTS: TSNP) is trading at over 84% this past week. Investors are responding to Tesoro Enterprises — which will soon be renamed HUMBL, Inc. — announcing a product launch of its BLOCK Exchange Traded Index (ETXs) lineup in over one hundred countries across North America, Latin America, Asia, the Middle East, Africa, and the Caribbean.

The initial BLOCK ETXs include the: BLOCK 3, BLOCK 5, BLOCK 10, BLOCK Government, BLOCK Platform, BLOCK Global Enterprise, BLOCK RSI Fractals, BLOCK MACD & VI, and BLOCK Oscillators. And the BLOCK ETX lines were created by HUMBL Financial to give retail investors access to “one-click” software services on the new digital asset trading markets. The BLOCK ETXs track 3 different vertical themes: Index, Active and Thematic strategies, allowing customers simplified portfolio exposure to new blockchain trading markets.

The BLOCK ETXs are not intended to be investment services or advice but are completely non-custodial and algorithmically driven financial technology services that allow customers to purchase and hold digital assets in pre-set allocations through their own exchange accounts. And HUMBL Financial said it is also open to the licensing of BLOCK Indexes and BLOCK ETXs to major global financial institutions that may want to expand their digital asset offerings for customers immediately.

KEY QUOTES:

“If you look at investing in Mutual Funds and ETFs over the last century, multi-asset baskets have traditionally been an easy way for customers to buy and hold over the long-term. BLOCK ETXs deliver new technologies in a proven format, for the blockchain trading markets, and other asset classes over time.”

— Calvin Weight, Chief Market Strategist at HUMBL Financial

“Our long-term mission at HUMBL is to develop a Web 3 platform that will allow you to invest, trade, track and pay in more synthetic ways on the blockchain. The BLOCK ETXs are a critical step in that journey and will expand across multiple asset types in the coming year.”

— Brian Foote, CEO of HUMBL

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.