Figma’s board also recently approved a $30 million acquisition of spot bitcoin, which will be purchased at some point in the future. Figma’s SEC Filing Reveals Major Bitcoin ETF Position Worth $70M Software giant Adobe had positioned itself to acquire smaller competitor Figma in 2022 for $20 billion. But that move was struck down by […] Original
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…
Anthony Pompliano’s Procap BTC, LLC purchased 3,724 bitcoin for approximately $387 million one day after announcing a $1 billion merger and over $750 million fundraising effort. Procap Buys 3,724 BTC at a Time-Weighted Average Price of $103,785 According to the announcement, the New York-based firm bought the bitcoin at a time-weighted average price (TWAP) of […] Source CryptoX Portal
Norwegian firm Green Minerals announced its ambitious target of raising $1.2 billion with the help of its corporate partners. The goal behind the capital raise is to establish a Bitcoin treasury. According to a recently published press release, the Norwegian mining firm has decided to adopt a Bitcoin (BTC) treasury strategy in addition to its overall blockchain strategy. The company aims to raise enough funds to establish its own Bitcoin strategy with the help of its corporate partners. According to the release, the company has set its target at $1.2…
Prenetics Global Limited has disclosed plans to establish a corporate bitcoin treasury despite a 94% stock decline since its 2022 public debut. Prenetics Allocates to Bitcoin The Nasdaq-listed health sciences company purchased $20 million worth of bitcoin (187.42 BTC at $106,712/ BTC) via Kraken, it announced on June 18. The move follows a 1-for-15 reverse […] Original
Nasdaq-listed SRM Entertainment is set to launch a Tron corporate treasury of up to $210 million and change its name to Tron Inc., the company announced on Monday. According to the announcement, SRM entered a securities purchase agreement with a private investor for a $100 million equity investment to fund its Tron (TRX) treasury strategy. Tron founder Justin Sun will join the company as an adviser. As part of the deal, SRM Entertainment will issue 100,000 shares of its Series B convertible preferred stock. This stock can be converted into…
Key Notes MemeStrategy bought a SOL holding worth $369,442 in the open market. The company highlighted that this purchase is in alignment with its corporate vision. SOL is projected as the top candidate for ETF approval from the US SEC, boosting its attractiveness. Hong Kong-listed digital asset company MemeStrategy made a massive Solana SOL$156.424h volatility:6.9%Market cap:$82.54 BVol. 24h:$5.13 Bbuy in the open market. This firm acquired 2,440 units of SOL valued at about HKD 2.9 million, a fund equivalent to $369,442. MemeStrategy Plans to Establish its Position in Crypto MemeStrategy’s…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The talk around an altcoin season has been on the lips of the members of the crypto community since the start of the year. However, most altcoins have been unable to sustain any meaningful bullish momentum over the past few months. Interestingly, a market intelligence firm has come forward with the projection that these digital assets are set to outpace Bitcoin, the world’s largest cryptocurrency by market capitalization, in the coming months. Is The Altseason Around The…
Smarter Web Company expands its Bitcoin holdings, as more global firms turn to BTC Corporate interest in Bitcoin (BTC) is reaching new highs, as more companies expand their holdings. On Friday, June 13, U.K.-based Smarter Web Company announced an additional purchase of 74,27 Bitcoin. The purchase, worth about $7.7 million, brings the company’s reserves to 242.34 BTC, worth approximately $25 million. The latest transaction was made at an average purchase price of $109,256 per BTC. The overall average purchase price for its reserves stands at $107,002. The purchase is part…
Key Notes Solana drops 3.84% as DeFi Development Corp withdraws $1B SEC filing.SOL may climb to $164 if the ongoing ascending triangle breakout holds.Bloomberg sees a 90% chance of Solana ETF approval by 2025. Solana SOL $158.6 24h volatility: 3.7% Market cap: $83.38 B Vol. 24h: $4.87 B is trading around $159.5, down 3.84% over the past 24 hours. The dip coincides with DeFi Development Corp’s withdrawal of its $1 billion fundraising plan for Solana purchase. Notably, the U.S. Securities and Exchange Commission (SEC) recently flagged DeFi Development Corp’s Form…