Despite Bitcoin’s impressive rise of over 130% in 2024, many mining companies faced significant challenges, ending the year with declining stock prices. The surge in Bitcoin, from approximately $42,300 to $98,600, was overshadowed by increasing operational costs and the effects of an April halving event that reduced block rewards, greatly impacting miners’ profitability. While a ...
Riot Platforms, Inc. has announced plans to offer $500 million in convertible senior notes, set to mature on January 15, 2030. This private offering targets qualified institutional buyers and may include an additional $75 million if certain conditions are met. The notes are unsecured and can be redeemed or converted into cash or shares of ...
MicroStrategy, once known for its software, has transformed into a major player in the bitcoin Market, raising an astounding $42 billion in equity and debt while holding nearly 2% of all bitcoins. The company’s strategy involves selling shares and convertible bonds to invest in bitcoin, which boosts its stock price and creates a cycle of ...
