Bitcoin Goes Corporate In Indonesia With $100 Million Treasury Shift
Shares in Indonesian fintech firm DigiAsia Corp jumped sharply on May 19 after it revealed plans to put Bitcoin at the center of its future. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You Think—Analyst The company wants to raise $100 million to start building a BTC reserve, and it says half of its net profits will go toward buying more. The announcement got a lot of attention—maybe too much, too fast. Stock Soars On Bitcoin Reserve Plan DigiAsia’s stock, which trades under the ticker FAAS on the Nasdaq, closed the day up more than 91% at 36 cents, Google Finance data....
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Binance has formed a joint venture with a consortium led by Telkom Indonesia’s $830-million venture capital arm. Binance aims “to expand the blockchain ecosystem in Indonesia with the development of a new Indonesian-based digital asset exchange.” Binance Building Cryptocurrency Exchange in Indonesia Blockchain and cryptocurrency infrastructure provider Binance announced Wednesday that it has established a joint venture with a consortium led by Telkom Indonesia’s $830-million venture capital arm, MDI Ventures (MDI). Telkom Indonesia is the country’s....
In a significant development, the bearish action of the Solana price is currently spilling into the SOL-backed Treasury reserves. A recent report shows that corporate treasury companies are experiencing a sharp decline in their SOL holdings in the shadow of broader market unease. Corporate Solana Reserves Continue To Bleed Solana is experiencing a notable development […]
On Thursday, Ripple, the company behind the XRP cryptocurrency, announced a significant step forward in its growth strategy with the $1 billion acquisition of GTreasury, a leading player in treasury management systems. Ripple’s GTreasury Deal The acquisition of GTreasury marks a pivotal expansion for Ripple, granting it immediate access to the multi-trillion dollar corporate treasury […]
Brazil’s Méliuz has taken a bold step by adding Bitcoin to its corporate treasury. The fintech firm, the first in the country, spent $28.4 million to buy 274.52 BTC at an average price of $103,604 each. Now, its total stash stands at 320 BTC, worth more than $33 million today. Related Reading: Crypto Cold War? Trump Says US Is […]
Nasdaq-listed VivoPower International PLC has secured a $121 million Regulation S private placement that will fund what it calls the world’s first publicly traded XRP-centric corporate treasury, a move spearheaded by His Royal Highness Prince Abdulaziz bin Turki Abdulaziz Al Saud, whose Eleventh Holding Company committed roughly $100 million to the round. VivoPower Bets On […]