Tag: Firm

Brazilian firm Méliuz seeks $26m raise to buy more Bitcoin

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Méliuz, a publicly traded fintech in Brazil, has filed for approval to raise $26.4 million that it plans to use to buy more Bitcoin. According to a report by Reuters, the company is seeking regulatory approval for an offer of 17,006,803 common shares to raise 150 million reais, or approximately $26.4 million. If the application is approved, Méliuz plans to use the proceeds to buy Bitcoin (BTC). Per the securities filing the company submitted Friday, pricing for the offering will be on June 12, 2025. While the target is $26.4…

US sanctions Philippines tech firm accused of aiding crypto scams

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The US Treasury has sanctioned a Philippines-based technology firm and its alleged administrator, accusing it of providing services to thousands of crypto scam websites. Funnull Technology is linked to most crypto scam websites reported to the FBI, with victims’ losses surpassing $200 million, the Treasury’s Office of Foreign Assets Control (OFAC) said on May 29.  Funnull purchases IP addresses in bulk from cloud service providers and sells them to scammers, allowing them to host and operate clones of legitimate investment platforms, to deceive victims and steal their crypto, according to…

European crypto firm K33 raises $6.2M for Bitcoin buys

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Norwegian crypto brokerage firm K33 plans to join the growing number of public companies buying up Bitcoin after raising 60 million Swedish krona ($6.2 million) to buy and hold the cryptocurrency. K33 said on May 28 that it secured financing through convertible loans and a new issue of shares and warrants, which “will be used in full to acquire Bitcoin in order to establish the Bitcoin Treasury Strategy.” Warrants are zero-interest securities that investors can later convert into equity at the same price. K33 could purchase up to 57 Bitcoin…

$750M Private Investment Fuels Strive’s Bid to Become Top Bitcoin Treasury Firm

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Strive Asset Management and Asset Entities Inc. (Nasdaq: ASST) announced a $750 million private investment to fund their first wave of bitcoin acquisitions, aiming to establish Strive as a leading bitcoin treasury company focused on long-term outperformance. Strive Eyes Bitcoin Dominance With No-Debt $750M Funding Round The financing for Strive Asset Management and Asset Entities […] Original

Wall Street Firm Cantor Begins Bitcoin Lending Operations 

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Cantor, a Wall Street investment bank, has launched its bitcoin financing business, completing initial trades in May and planning to provide up to $2 billion in institutional lending. Cantor Offers Up to $2B in Financing for Bitcoin Holders The service allows institutional bitcoin holders to secure loans using their cryptocurrency as collateral, aiming to address […] Original

MEXC Exec Warns: Capital Is Fleeing the Old Guard — Bitcoin Stands Firm

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While macroeconomic ripples reverberate through global markets, long-dated bond yields have been steadily climbing—stoking further anxiety among investors. At the same time, Tracy Jin, COO of the crypto exchange MEXC, notes that as U.S. Treasuries fall out of favor amid ballooning yields and mounting debt obligations, bitcoin’s impartial nature and fluid convertibility are positioning it […] Original

Swedish health tech firm H100 secures $2.2m via convertible loans to buy Bitcoin

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Swedish health technology company H100 Group AB has secured $2.2 million in funding led by Blockstream CEO Adam Back to expand its Bitcoin treasury holdings. According to a May 25 announcement, the Stockholm-headquartered firm raised 21 million Swedish krona (approximately $2.2 million) through 0% interest convertible loans. The funds will be used to purchase Bitcoin as part of H100’s broader pivot toward holding the asset on its balance sheet. Investment firms, including Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners, contributed a combined $800,000 to…

Blockchain Firm Explains Why Ethereum Price Can’t Hold Above $2,700

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Ethereum price is undoubtedly in a better place in recent weeks than it was in the year’s first quarter. However, the “king of altcoins” appears to be stuck in a loop — one involving repeated pushbacks at a specific price level. After riding the week’s bullish momentum, the Ethereum price faced significant downward pressure above $2,700 and has since crashed to around where it started the week. Below is the underlying factor for ETH’s struggles above…

Blockchain security firm releases Cetus hack post-mortem report

Blockchain security firm Dedaub released a post-mortem report on the Cetus decentralized exchange hack, identifying the root cause of the attack as an exploit of the liquidity parameters used by the Cetus automated market maker (AMM), which went undetected by a code “overflow” check. According to the report, the hackers exploited a flaw in the most significant bits (MSB) check, allowing them to manipulate the values for the liquidity parameters by orders of magnitude and establish relatively large positions with a keystroke. The Dedaub security researchers wrote: “This allowed them…

Swedish tech firm H100 Group gains nearly 40% on first Bitcoin treasury buy

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Swedish tech firm H100 Group rallied almost 40% on news of its $490,000 Bitcoin purchase aimed at diversifying company reserves. As more tech firms turn to Bitcoin as a treasury asset, Sweden’s health tech company H100 Group AB has followed suit, with a $490,000 buy that sent its shares soaring almost 40%. In a press release, the Stockholm-headquartered company said it had acquired 4.39 Bitcoin (BTC) at a price of 1,138,737 NOK each. The company said the allocation is part of a “long-term Bitcoin Treasury Strategy,” adding that the decision…