Tag: Bitcoin

MicroStrategy upsizes convertible note offering to $2.6b to buy more Bitcoin

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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…

Bitcoin and MicroStrategy Pushed MSTR Into the Top 100 Club

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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…

Acurx Pharmaceuticals to add up to $1 million in bitcoin for treasury reserve, following MicroStrategy’s playbook

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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…

Hoth Therapeutics approves purchase of $1m Bitcoin

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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 Expands North American Bitcoin Mining Operations, Secures Order From Hive

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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

Bitcoin (BTC) Price Leads Crypto Market as ETF Options Traders Go Degen

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Bitcoin (BTC) is eyeing record highs once again heading into Wednesday’s U.S. session. The largest crypto is trading just below $94,000, the new record from Tuesday, and leading the broader market with a 2% climb over the past 24 hours. Meanwhile, the broad-market CoinDesk 20 Index was little changed and large-cap altcoins ether (ETH) and solana (SOL) fell. Options on BlackRock’s spot bitcoin ETF (IBIT) saw staggering first-day trading activity yesterday, pushing the BTC price higher, analysts noted. Most of the activity focused on calls, representing a bullish view, with…

Grayscale Unveils Game-Changing Bitcoin ETF Options Strategy 

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Grayscale Investments has announced plans to introduce options trading for its spot bitcoin exchange-traded funds (ETFs), taking a page from Blackrock’s recent success with bitcoin ETF options. The options trading will begin on Wednesday morning. This initiative is designed to leverage a covered call strategy to generate additional income. Both the Bitcoin Trust (GBTC) and […] Original