Shark Tank star Kevin O’Leary has dismissed the idea of a U.S. Strategic Bitcoin Reserve. Speaking during a debate with SkyBridge founder Anthony Scaramucci, O’Leary said the proposal “will never happen.” He cited a lack of bipartisan support and questioned the motives of Bitcoin advocates like Michael Saylor. The exchange
Strategy is circling around mainstream media with its latest Bitcoin purchase. Its most recent press release revealed that the firm purchased 6,556 Bitcoins for $555.8 million. Popular on-chain analytics platform Lookonchain confirmed the purchase earlier today. Strategy acquired funds for this purchase from its two ATM (at-the-market) stock offering programs.
Cryptocurrency has seen incredible growth in the last 2 years with the market’s significant boom. Nations worldwide have begun to inculcate digital assets and utilize the effective tools that come along with it, such as the blockchain. Using blockchain integration numerous projects have pushed the boundaries of innovation further over
Just a day after revealing plans to add Bitcoin (BTC) to its balance sheet, GameStop (GME) is taking things a step further. The company, led by CEO Ryan Cohen, is raising $1.3 billion by issuing convertible senior notes, aiming to use the funds for Bitcoin purchases. The five-year bonds, set
GameStop, the video game retailer and original meme-stock company, has officially announced that its board has unanimously approved adding Bitcoin as a treasury reserve asset, as per its press release on March 25th. This means GameStop will start using some of its corporate cash—possibly even future debt or equity—to invest
Strategy, formerly MicroStrategy, has announced a $2 billion convertible senior notes offering. The company aims to use the proceeds to acquire more BTC and support corporate operations. The notes, due in 2030, will be available to qualified institutional buyers under Rule 144A of the Securities Act. The offering includes an
On February 5, the largest institutional hodler of Bitcoin and intelligence firm, MicroStrategy, announced a rebranding of its company to “Strategy”. The decision reinforced the firm’s commitment to Bitcoin as a treasury asset. The rebranding decision included changing the company’s logo to a stylized Bitcoin “B” signature orange color. Michael
As investors step gingerly into December expecting a modest price dip, the crypto market has held on to its bull run so far. In addition, it has also wavered off the weekend slump with fresh activity in the past day. On the regulatory end, the SEC has filed a new
Allianz SE, the second-largest insurance company in Europe, has purchased close to 25% of MicroStrategy’s 2031 convertible notes for $750 million, indirectly supporting its Bitcoin-centered strategy. Allianz SE, the second largest insurance company in Europe, has made a bold move by buying almost 25% of MicroStrategy’s convertible notes due in
MicroStrategy has made an entrance to the top 100 publicly traded companies list in the U.S. by market cap, securing the 97th spot. The firm’s market cap has reached $96.73 billion. This follows a surge in the company’s stock price, which climbed 12% yesterday, breaking the $400 mark. Notably, the
