Reserve asset – DIGIT INFO

Microstrategy Announces $700M Private Offering for Debt Buyback and Bitcoin Acquisition

DIGIT — Mon, 16 Sep 2024 22:30:21 +0000

On Monday, U.S.-based Microstrategy, the publicly traded business intelligence (BI) company, unveiled plans for a private offering of $700 million in convertible senior notes. The BI firm plans to raise capital to pay off existing debt and purchase more bitcoin. Microstrategy Reveals Another Private Offering According to Microstrategy’s (Nasdaq: MSTR) announcement, the notes, set to […]

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Bitwise says ‘we’re not bullish enough’ amid political sway to crypto

DIGIT — Thu, 01 Aug 2024 04:35:12 +0000

Bitwise’s Matt Hougan said the idea that US politicians are even considering Bitcoin as a reserve asset is a monumental step given it felt more like a “daydream” a year ago.

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Binance Executive Discusses Impact of US Government Potentially Holding Bitcoin as Strategic Reserve

DIGIT — Tue, 30 Jul 2024 21:20:01 +0000

Binance’s head of VIP & Institutional views the U.S. discussion on a national bitcoin reserve as a positive sign for the crypto market. The executive notes the growing recognition of bitcoin by politicians and industry leaders, anticipating greater regulatory clarity. She stressed the importance of politicians and industry leaders explicitly acknowledging bitcoin’s value in the […]

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US Government Could Hold Bitcoin as Reserve Asset, Diam CEO Explains

DIGIT — Wed, 24 Jul 2024 00:46:07 +0000

Bryan Courchesne, CEO and founder of crypto investing firm Daim, has shared insights regarding how the U.S. government could start holding bitcoin as strategic reserve asset. “The Justice Department holds about 200,000 units of bitcoin so the United States is the largest holder of bitcoin, and so they could easily just move that over to […]

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4 ‘emerging narratives’ in crypto to watch for: Trading firm

DIGIT — Mon, 26 Dec 2022 06:13:19 +0000

The crypto trading firm sees NFTs becoming more intertwined with brand IP, while Web3 apps with “real world utility” gain traction.

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Argo Blockchain Buys 172.5 Bitcoins as Reserve Asset, Monthly Revenue Soars 52%

DIGIT — Thu, 04 Feb 2021 19:00:24 +0000

Argo Blockchain said Wednesday that it bought 172.5 bitcoins in the second half of January as part of its asset management strategy. ● In a trading update, the London Stock Exchange-listed bitcoin miner also reported strong revenue growth during the review month, climbing 52% to £2.48 million ($3.37 million) from £1.63 million ($2.21 million) in […]

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Coinbase Says It Brokered Microstrategy’s Influential $425 Million Bitcoin Buy

DIGIT — Wed, 02 Dec 2020 05:30:57 +0000

U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal. Microstrategy’s first bitcoin (BTC) haul of $250 million bought in August was executed over five days, Coinbase revealed in a case study of the transactions. The deals […]

The post Coinbase Says It Brokered Microstrategy’s Influential $425 Million Bitcoin Buy appeared first on Bitcoin News.

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