Tag: 125B

Pantera plans to raise $1.25B for second blockchain fund: Report

Dan Morehead, founder and CEO of Pantera Capital, reportedly said the hedge fund was planning to raise $1.25 billion for a second blockchain fund. According to a Sept. 28 Bloomberg report, Morehead said Pantera aimed to close the blockchain fund by May. The fund will reportedly invest in digital tokens and equity in an effort to appeal to institutional investors. “We want to provide liquidity for people that are kind of giving up because we’re still very bullish for the next 10 or 20 years,” said the Pantera CEO, according…

Crypto VC Pantera Capital Looks to Raise $1.25B for Second Blockchain Fund: Report

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Blockchain cloud infrastructure company W3BCloud to go public via $1.25B SPAC

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On Monday, W3BCloud, a firm building global data centers for the Web3 and blockchain sectors, announced that it was going public via a takeover by special purpose acquisition vehicle (SPAC) Social Leverage Acquisition Corp I. ‍ Social Leverage Acquisition Corp I is listed on the New York Stock Exchange, has $345 million in trust and has received commitments from AMD, ConsenSys, SK Inc., and others for an additional $50 million in new investments. The combined transaction will value W3BCloud at $1.25 billion.  Last year, W3BCloud’s seven data centers, all of which…

Bitcoin mining company PrimeBlock to go public via $1.25B SPAC merger

On Friday, Bitcoin (BTC) mining company PrimeBlock announced that it is merging with special purpose acquisition vehicle (SPAC) company 10X Capital Venture Acquisition Corp II. The deal places PrimeBlock at an enterprise value of $1.323 billion and is expected to close in the second half of the year. The company has installed 1.8 exahash per second of BTC self-mining equipment, accounting for approximately 0.89% of the Bitcoin network’s overall hash rate. According to PrimeBlock, its break-even price for mining is $9,000 per coin. Back in 2020, up to 59% of…

Japanese crypto exchange Coincheck eyes Nasdaq listing after $1.25B SPAC deal

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Coincheck Inc., a Japan-based crypto exchange with over 1.5 million verified customers, is eyeing Nasdaq listing after a special purpose acquisition company (SPAC) merger with Thunder Bridge Capital Partners IV, Inc. The combined holding company would be called Coincheck Group, N.V and is expected to list on Nasdaq after finalization of the deal by the second quarter of 2022 with the ticker symbol CNCK. SPACs are publicly traded corporations that do not conduct business. They sell their stock to the public to obtain funding for the future acquisition of a private…

Crypto Exchange Coincheck to Go Public with a $1.25B SPAC Deal

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Japanese crypto exchange, Coincheck, which is owned by the Monex Group, announced on Tuesday that it will go public through a merger with the blank-check company, Thunder Bridge Capital Partners IV. Q4 2021 volumes have gone up or down and how much? Both the companies have entered into a definitive agreement for the deal that is valued at around $1.25 billion. The  merger  Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats…