Tag: Firm

Trump Jr.-Tied Firm Gets $50M for Crypto Buys, Mining Rigs

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Thumzup Media Corporation, a social media marketing-turned-crypto-buying firm, plans to boost its crypto holdings and get into crypto mining after raising $50 million from investors. Thumzup said on Wednesday that it would expand its crypto-related strategy “to include large-scale cryptocurrency mining and targeted blockchain investments.” The company said it will use some of the $50 million it raised from a $10 per share offering on Tuesday into “state-of-the-art cryptocurrency mining infrastructure” and was engaging with mining technology providers “to accelerate the buildout.” The firm currently holds 19.1 Bitcoin (BTC) after…

Nasdaq Firm Taps Arthur Hayes For Advisory Role

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Upexi, a Nasdaq-listed company, has stepped up its bet on Solana by forming a new advisory committee and naming Arthur Hayes as its first member. Related Reading Reports have disclosed the move came with a clear push to support the firm’s large Solana treasury, which has drawn attention from investors and rival corporate treasuries alike. Upexi Deepens Its Solana Bet According to Upexi’s own filings and public statements, the company now holds over 2 million SOL in its treasury. That stake has been built quickly through multiple purchases and capital…

Bitcoin Miner MARA Holdings Buys 64% Stake in AI And HPC Firm Exaion

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Bitcoin miner MARA Holdings is making its biggest AI play to date, signing a $168 million deal to buy a 64% stake in Exaion, a subsidiary of French state-owned Électricité de France, one of the world’s largest low-carbon energy producers. The agreement, announced on Tuesday, includes an option for MARA to raise its stake to 75% by 2027 with an additional $127 million investment, contingent on performance milestones. Today, MARA and @EDFofficiel signed an investment agreement in subsidiary Exaion to expand MARA’s global AI/HPC capabilities. 📄 Read the press release:…

This XRP Signal Consistently Foreshadows Price Jumps: Analytics Firm

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On-chain analytics firm Santiment has pointed out how utility spikes on the XRP network tend to precede bullish price action in the asset’s price. XRP Network Activity Lit Up Before The Latest Price Surge In a new post on X, Santiment has discussed about some network activity-related indicators for XRP. The metrics in question are the Transaction Volume and Circulation. The first of these, the Transaction Volume, measures the total amount of the cryptocurrency that’s becoming involved in transfers on the blockchain every day. While this metric does provide a…

Bitcoin Treasury Firm Satsuma Raises $218M in Oversubscribed Round

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London-based Satsuma Technology PLC has successfully raised £163.6 million ($217.65 million) in an oversubscribed second round of secured convertible loan notes, significantly exceeding its minimum £100 million target. London’s Satsuma Raises Funds for AI and Bitcoin Plans The publicly listed company, Satsuma (LSE: SATS), specializing in decentralized artificial intelligence (AI) and bitcoin-native treasury management, confirmed […] Original

UK-Based Fiinu Discloses £12M Purchase of Foreign Exchange Brokerage Firm Everfex

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Fiinu has announced the proposed acquisition of foreign exchange brokerage Everfex P.S.A. in a transaction valued at up to £12 million. Under the terms of the agreement, Fiinu will issue 80 million new ordinary shares to Granicus Holdings O.Ü, the sole owner of Everfex, at a price of 10 pence per share, equating to an initial consideration of £8 million. An additional £4 million may be payable if Everfex meets certain performance targets after 1 January 2026. This further consideration would be settled via 20 million new Fiinu shares at…

Bitcoin Top Buyers Aren’t Selling: $118,000+ Supply Remains Firm

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On-chain data shows Bitcoin investors who purchased near the price top are choosing to hold even after the latest pullback. Bitcoin Cost Basis Distribution Shows Supply Still Firm Above $118,000 In a new post on X, the on-chain analytics firm Glassnode has discussed the latest trend in the Cost Basis Distribution Heatmap of Bitcoin. This indicator tells us about how much of the asset’s supply was purchased at the various spot price levels. In on-chain analysis, supply cost basis is considered a key concept, as investor behavior is often more…

Solana Surges 4% to $168 as Artelo Becomes First Pharmaceutical Firm to Adopt SOL

Key Notes Pharmaceutical company Artelo commits $9.475 million to Solana treasury, marking first biotech institutional adoption of SOL tokens. Technical analysis shows bullish MACD crossover with potential resistance at $180 level as SOL recovers from recent double-digit losses. Layer-2 project Solaxy positioned to benefit from institutional adoption wave, offering 70% staking APY ahead of mainnet launch. Solana SOL $166.6 24h volatility: 3.0% Market cap: $89.74 B Vol. 24h: $4.95 B price climbed 4.05% to trade at $168.48 on Monday, August 4, aligning with rivals Ethereum ETH $3 676 24h volatility:…

Metaplanet First Bitcoin-Stacking Firm To Buy Dip in August

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Metaplanet snapped up 463 Bitcoin on Monday, making it the first public company to capitalize on Bitcoin’s 5% weekend dip. The Japanese investment company bought the Bitcoin (BTC) for 8 billion Japanese yen ($53.7 million), an average purchase price of about $115,895, Metaplanet said in a statement. This brought Metaplanet’s Bitcoin holdings to 17,595 Bitcoin, worth over $2 billion, maintaining its position as the world’s seventh-largest corporate Bitcoin holder. Source: Simon Gerovich While Metaplanet may be the first public company to announce buying Bitcoin in August, it followed a huge…