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3232Risk of ‘Significant Drawdowns’ Pushes Cypherpunk Holdings to Sell Entire Stash of Bitcoin and Ethereum
https://www.digit.info/risk-of-significant-drawdowns-pushes-cypherpunk-holdings-to-sell-entire-stash-of-bitcoin-and-ethereum/
Thu, 30 Jun 2022 08:50:23 +0000https://www.digit.info/2022/06/30/risk-of-significant-drawdowns-pushes-cypherpunk-holdings-to-sell-entire-stash-of-bitcoin-and-ethereum/Read more]]>On Tuesday, the Canada-based investment firm Cypherpunk Holdings Inc. announced that the company has sold all of its bitcoin and ethereum due to the “risk of further significant drawdowns.” The company has transitioned its treasury to cash after selling 214.72 bitcoin and 205.82 ethereum as Cypherpunk Holdings continues “to see systemic risks propagating” across the […]
]]>Kingdom of Tonga May Adopt Bitcoin as Legal Tender, Says Former Member of Parliament
https://www.digit.info/kingdom-of-tonga-may-adopt-bitcoin-as-legal-tender-says-former-member-of-parliament/
Fri, 14 Jan 2022 18:00:47 +0000https://www.digit.info/2022/01/14/kingdom-of-tonga-may-adopt-bitcoin-as-legal-tender-says-former-member-of-parliament/Read more]]>The Kingdom of Tonga may adopt bitcoin as legal tender, according to a former member of Tonga’s parliament, Lord Fusitu’a, who tweeted about a possible timeline for this event to occur. Fusitu’a believes that by next fall a bill will be passed by Tonga’s parliament and bitcoin could be legal tender in the region by […]
]]>Microstrategy to Sell $600 Million Worth of Convertible Notes to Buy More Bitcoin
https://www.digit.info/microstrategy-to-sell-600-million-worth-of-convertible-notes-to-buy-more-bitcoin/
Tue, 16 Feb 2021 15:15:03 +0000https://www.digit.info/2021/02/16/microstrategy-to-sell-600-million-worth-of-convertible-notes-to-buy-more-bitcoin/Read more]]>The publicly listed company Microstrategy announced that it has plans to purchase more bitcoin after acquiring 71,079 bitcoin during the last six months. On Tuesday, Microstrategy revealed its plans to sell $600 million in convertible senior notes to qualified institutional buyers in order to use the funds for bitcoin. Selling Convertible Notes for Bitcoin At […]
On Tuesday, the Canada-based investment firm Cypherpunk Holdings Inc. announced that the company has sold all of its bitcoin and ethereum due to the “risk of further significant drawdowns.” The company has transitioned its treasury to cash after selling 214.72 bitcoin and 205.82 ethereum as Cypherpunk Holdings continues “to see systemic risks propagating” across the […]
The Kingdom of Tonga may adopt bitcoin as legal tender, according to a former member of Tonga’s parliament, Lord Fusitu’a, who tweeted about a possible timeline for this event to occur. Fusitu’a believes that by next fall a bill will be passed by Tonga’s parliament and bitcoin could be legal tender in the region by […]
The publicly listed company Microstrategy announced that it has plans to purchase more bitcoin after acquiring 71,079 bitcoin during the last six months. On Tuesday, Microstrategy revealed its plans to sell $600 million in convertible senior notes to qualified institutional buyers in order to use the funds for bitcoin. Selling Convertible Notes for Bitcoin At […]