Bitcoin Miner Cango Sells 4,445 $BTC To Cover Collateralized Loan as $SUBBD M...
What to Know: Cango’s sale of 4,445 $BTC to cover loans underscores the post-halving profitability squeeze facing hardware-dependent mining operations. As infrastructure costs rise for legacy PoW miners, investment flows are shifting toward high-margin software protocols in the AI and Web3 sectors. SUBBD Token uses AI and Ethereum smart contracts to disrupt the $85B creator economy, offering a capital-efficient alternative to traditional mining investments. With over $1.4M raised, the project demonstrates strong market demand for decentralized solutions that lower fees and empower content....
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Bitcoin miner Cango has announced it offloaded BTC worth $305 million over the weekend as it looks to fund a strategic pivot into AI compute. Cango Has Offloaded 4,451 Bitcoin To Fund AI Pivot As announced in a press release, Cango has completed a Bitcoin sale involving 4,451 tokens. The company’s offloading occurred on the […]
MacroStrategy, subsidiary of MicroStrategy, closed on a $205 million loan through Silvergate Bank, collateralized by bitcoin in order to purchase more bitcoin.
The SUBBD Token presale has just broken the $100K price milestone merely 48 hours from its official launch. But what’s behind this meteoric growth? The presale’s success rests on the fact that SUBBD is a creator-oriented ecosystem that promises to change the face of content creation with the power of AI. SUBBD addresses most of […]
The largest exchange in the U.S. has taken out a loan from Goldman collateralized in Bitcoin as a Wall Street first, paving the way for others to follow. America’s largest crypto exchange Coinbase has been revealed as the mystery firm that took out Wall Street’s first Bitcoin-backed loan from Goldman Sachs.Goldman Sachs has $2.5 trillion assets under management as of 2021.Bloomberg reported on Tuesday that the Bitcoin-backed loan issued by Goldman had been taken out by Coinbase as a way to deepen ties between the crypto and tradfi world, with the head of Coinbase Institutional Brett....
Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan from Silvergate Bank through a subsidiary to buy more bitcoin. “The interest-only term loan is secured by certain bitcoin held in Macrostrategy’s collateral account.”
Company to Use $205M Bitcoin-Backed Loan to Purchase Bitcoin
The Nasdaq-listed pro-bitcoin software company Microstrategy announced Tuesday that one of its subsidiaries has obtained a bitcoin-backed loan to purchase additional BTC.
Microstrategy CEO Michael Saylor tweeted Tuesday:
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