China’s Biggest Bitcoin Treasury Firm Plans $500M Stock Sale To Buy More Crypto
Next Technology Holding (NASDAQ: NXTT) said it filed for a shelf registration that would let the company offer up to $500 million of common stock, and reports say some of the money could be used to buy more Bitcoin. According to the filing, the move gives the company flexibility to raise cash over time. Related […]
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Bitwise Asset Management has filed paperwork with the Securities and Exchange Commission for a new fund that mixes stocks and crypto assets tied to stablecoins and tokenization. Related Reading: China’s Biggest Bitcoin Treasury Firm Plans $500M Stock Sale To Buy More Crypto Reports say the proposal, if cleared, would mark one of the first US […]
MSTR stock has surged by roughly 113% since Dec. 8 when it was downgraded by a Citigroup analyst. On Dec. 8, 2020, Citigroup, one of the largest banks in the world, downgraded MicroStrategy'ss stock (MSTR). Since then, MSTR stock is up 113.27% from $289.45 to $617.31, as the price of Bitcoin (BTC) rallied.In the same period, the Citigroup stock has declined slightly by 0.63%, from $58.36 to $57.99.MicroStrategy stock vs. BTC and Nasdaq. Source: ecoinmetricsWhy has MicroStrategy stock performed so strongly despite the downgrade?MicroStrategy has been investing its treasury holdings in....
With Uniswap's treasury now worth more than $500 million, creator Hayden Adams has asked the crypto community for suggestions on how to spend it. Unsiwap creator Hayden Adams has taken to crypto-twitter to source feedback on how the DEX should allocate its $500 million governance treasury.With Uniswap’s native UNI token currently trading at $9.30 after rallying to break its previous all-time high of $7.10 last week, the vested share of Uniswap’s warchest is now valued at more than half a billion dollars.“What are some of the most impactful ways governance can allocate this UNI?” Adams....
MicroStrategy is back at it again. Fresh off the heels of selling $500M worth of privately offered notes in a securities offering this week, the leading business analytics firm is looking for more. Stock Offering MicroStrategy is rapidly approaching 100K worth of BTC in the firm’s Bitcoin-holding subsidiary, MacroStrategy LLC. The recent common stock offering […]
In a notable trend this year, crypto-focused companies are increasingly seeking to go public. The latest entrant to this wave is a newly established Bitcoin treasury firm backed by Tyler and Cameron Winklevoss, which is preparing for a public listing in Amsterdam. Treasury Plans Amsterdam Debut According to a report by Reuters, the Netherlands-based firm, […]