Riot Platforms, Inc. from Castle Rock, Colorado, has announced its plans to offer $500 million in convertible senior notes due in 2030. This private offering is aimed at qualified institutional buyers and is contingent on Market conditions. Additionally, the company may allow initial buyers to purchase an extra $75 million of these notes within three ...
Last week marked a record high for digital asset investment products, with inflows reaching an astonishing US$3.85 billion. This surge has pushed the total inflows for the year to US$41 billion and assets under management to a new peak of US$165 billion. Ethereum led the charge with its own record inflows of US$1.2 billion, while ...
In a significant milestone for the cryptocurrency Market, US spot Bitcoin ETFs have overtaken Satoshi Nakamoto’s holdings, amassing around 1,104,000 BTC. This marks them as the largest collective holder of Bitcoin worldwide. This major event reflects the growing interest from investors looking to gain regulated exposure to Bitcoin, particularly since these ETFs are relatively new ...
Bitcoin has recently achieved a significant milestone, surpassing the six-figure mark for the first time. As of now, it is around $99,000, with a peak of $103,844 earlier. If you had invested $1,000 in Bitcoin one year ago, it would now be worth $2,305, reflecting a 130% gain. Over five years, that investment would have ...
Worksport, a company listed on Nasdaq, is taking a bold step by investing up to $5 million, or 10% of its cash reserves, in Bitcoin and XRP. This decision aims to diversify its treasury strategy and safeguard its assets against inflation. Besides investments, Worksport plans to accept cryptocurrency payments on its online platform, potentially cutting ...
Michael Saylor, executive chairman of MicroStrategy, believes that Microsoft could enhance its Market valuation by up to $4 trillion by investing in Bitcoin. In a recent CNBC appearance, Saylor outlined how converting existing cash reserves, dividends, and buyback strategies into Bitcoin could significantly boost Microsoft’s financial standing and share price. He emphasized that such a ...
KULR Technology Group, a leader in advanced energy management, has announced that it will include Bitcoin (BTC) as a key asset in its treasury program. Currently holding over $12 million in cash, the company plans to allocate up to 90% of any surplus cash towards Bitcoin. KULR’s decision comes as Bitcoin’s global acceptance grows, with ...
MicroStrategy, a major player in business intelligence, is energetically working towards raising $21 billion through stock sales to finance its Bitcoin purchases. Within a month of announcing this plan, the company has already secured about half of this amount, according to Bloomberg. Recently, MicroStrategy sold 3.7 million shares, using the $1.5 billion earned to buy ...
Tom Lee from Fundstrat believes that smaller altcoins are set to gain traction over larger cryptocurrencies like Bitcoin. In a recent podcast, he suggested that clients consider investing in Ethereum and Solana to diversify beyond Bitcoin, as these assets may provide significant opportunities as the Market evolves. Lee anticipates the beginning of “altseason,” where various ...
Investor Tom Lee predicts that Bitcoin could rise an additional 150%, potentially reaching over $250,000 in the next year. In a conversation with Anthony Scaramucci on the Wealthion podcast, Lee emphasized that Bitcoin’s current technical trends and the anticipated pro-crypto policies of the incoming presidential administration support this optimistic forecast. He believes that if the ...
