According to the creator of timechainindex.com, Binance, one of the leading cryptocurrency exchanges, has recently experienced “significant outflows.” This activity has reportedly prompted the platform to tap into its cold wallet reserves to manage the situation. $334 Billion in Play: Centralized Exchanges Face Onchain Scrutiny Amid Bitcoin Highs The chatter on the onchain grapevine suggests […] Original
Acurx Pharmaceuticals Inc. has decided to take a bold financial step, pledging up to $1 million toward bitcoin (BTC) as a treasury reserve asset. This move signals a pivot in financial strategy for the late-stage biopharmaceutical company. Biopharma Firm Acurx Adopts Bitcoin for Treasury Strategy The board of directors at Acurx Pharmaceuticals (NASDAQ: ACXP) greenlit […] Original
Plus: What Zuck can teach DAOs about governance. Original
MicroStrategy has upsized its recently announced convertible senior note offering, from $1.75 billion to $2.6 billion. The company, currently the largest corporate holder of Bitcoin (BTC) following a buying spree that started in 2020, said in an announcement that the proceeds of the offering will go into the purchase of more BTC. MicroStrategy previously announced plans to raise $1.75 billion. MicroStrategy founder Michael Saylor, in a comment on the decision to upsize the note offering, noted demand was high. The MSTR offering is of 0% convertible bonds that are due…
MicroStrategy’s top 100 breakthrough is fueled by Bitcoin — and fueling Bitcoin in return. How does this feedback loop keep pushing both higher? MicroStrategy joins the top 100 Club MicroStrategy (MSTR), a company famously tied to Bitcoin’s (BTC) wild journey, just hit a major milestone. As of Nov. 20 trading session, it has jumped 48 places in two days, landing at 85th in the exclusive club of the top 100 publicly traded U.S. companies by market cap. As of Nov. 20, MSTR’s market cap has climbed to nearly $111 billion…
Microstrategy has revealed pricing details for its $2.6 billion 0% convertible senior notes, set to mature in 2029. No Interest, Big Moves: Microstrategy’s 2029 Notes Spell Bold Bitcoin Play The company disclosed that it plans to offer the notes privately to qualified institutional buyers under Rule 144A of the Securities Act. Initially proposed at $1.75 […] Original
Thomas Trutschel | Photothek | Getty Images The board of Acurx Pharmaceuticals approved Wednesday the purchase of up to $1 million in bitcoin to hold as a treasury reserve asset. Shares of the the company were last lower by more than 6% after spiking about 8% in premarket trading. “As demand for bitcoin grows, and so does its acceptance as a major and primary asset class, we believe that bitcoin will serve as a strong treasury reserve asset for cash not needed over the next 12 to 18 months” CEO David P. Luci said…
A gamma squeeze, a high-stakes event in options trading, has the potential to catapult bitcoin (BTC) prices beyond the six-figure mark, reshaping the crypto market landscape. Understanding Call Options in the Bitcoin Market and the Gamma Squeeze To understand a gamma squeeze, it’s key to first grasp the basics of options trading. Options are financial […] Original
Nasdaq-listed Hoth Therapeutics has announced plans to purchase Bitcoin as a treasury reserve asset. Hoth disclosed on Nov. 20 that its board of directors had approved the acquisition of $1 million worth of Bitcoin (BTC). The biopharmaceutical company will become the latest institution to adopt Bitcoin as a reserve asset. While Hoth’s Bitcoin acquisition is relatively small compared to other recent purchases, it marks another significant boost for Bitcoin. The leading cryptocurrency continues to attract attention on Wall Street and globally, recognized for its value as a store of wealth…
Canaan Inc., a publicly listed manufacturer of bitcoin (BTC) mining hardware and blockchain infrastructure provider, has shared plans to broaden its self-mining footprint in North America. Publicly Listed Bitcoin Miner Canaan Bolsters U.S. Presence The announcement published on Wednesday says Canaan (Nasdaq: CAN) aims to reach a computing capacity of 10 exahash per second (EH/s) […] Original