Tag: Stock

Bitcoin miner TeraWulf seeks $350m in convertible notes for stock buybacks

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Crypto mining firm TeraWulf plans to offer $350 million in convertible senior notes due 2030 to qualified institutional buyers, with proceeds aimed at corporate purposes. Maryland-headquartered Bitcoin (BTC) mining firm TeraWulf announced its intention to offer $350 million in convertible senior notes due 2030 in a private placement aimed at qualified institutional buyers, contingent on market conditions. In a Wednesday press release, on Oct. 23, the firm said the offering may include an additional $75 million if initial purchasers exercise their option within a 13-day window post-issuance. The company plans…

SEC Greenlights Bitcoin Options ETFs for New York Stock Exchange and CBOE

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The U.S. Securities and Exchange Commission (SEC) is greenlighting Bitcoin (BTC) options exchange-traded funds (ETFs) for two major US exchanges. In separate statements, the regulatory agency says it’s approving the bids from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list options contracts for BTC-based ETFs. According to the SEC, the options ETFs were given the nod because it recently approved a rule change proposal from Nasdaq to list options on the iShares Bitcoin Trust (IBIT), which yielded positive results. “The Exchange notes that…

Bitcoin rally prompts Metaplanet to stock up, bringing holdings to $56m

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Japanese investment firm Metaplanet continues to boost its Bitcoin holdings by purchasing 106.97 BTC ($6.9 million) amidst the ongoing Bitcoin rally. The hotel operator turned investment firm announced in an Oct. 15 notice that it has purchased an additional ¥1 billion or equal to $6.9 million worth of Bitcoin(BTC). Metaplanet’s latest BTC purchase brings their total crypto holdings to 855.48 BTC or $56 million. On the day of purchase, Bitcoin soared by 2.06%, crossing the $65,000 threshold. This is the first time Bitcoin has reached that level since Sept. 30,…

Pro-Palestine protestors cause disturbance outside New York Stock Exchange

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The New York Stock Exchange. Getty Images A pro-Palestinian protest erupted outside of the New York Stock Exchange on Monday. There was no disruption to trading and none of the protestors appeared to make it to the historic trading floor. NYSE security fences off a perimeter area outside of the exterior of the building on Broad Street in lower Manhattan. According to video shared on social media, the group, called Jewish Voice for Peace, broke into that area and protestors were chaining themselves to the security fence and some exterior…

Microstrategy Stock MSTR Soars 1,620% — Outshining Bitcoin, S&P 500, and the Magnificent 7

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Microstrategy’s stock, MSTR, has soared 1,620% since the company adopted a bitcoin-centered strategy, far outpacing bitcoin itself, the S&P 500, and tech giants such as Nvidia. The company’s bitcoin holdings now exceed 252,000 BTC. Microstrategy’s executive chairman, Michael Saylor, remains bullish about bitcoin’s price as his company plans to further boost its BTC investments. Microstrategy’s […] Original

Microstrategy’s Stock Surges 185% in 2024, Outpacing Bitcoin Holdings

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On Tuesday, while bitcoin dipped more than 2% against the U.S. dollar, shares of the business intelligence firm Microstrategy soared over 6% from the day before. The company’s stock has outpaced bitcoin’s performance this year, climbing over 185% since January compared to bitcoin’s 47% increase. Microstrategy’s Stock Climbs 185% Year-to-Date, Other Firms Test the Holding […] Original

Microstrategy Stock MSTR Set to Surge by 64% on Bitcoin Investment Bet, Analysts Say

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Microstrategy’s stock is expected to soar by 64%, fueled by its bold bitcoin investment strategy, according to Bernstein analysts. Michael Saylor’s leadership and the company’s vast BTC holdings, valued at $16 billion, have played a pivotal role in its performance. However, challenges such as net losses and bitcoin volatility could complicate this forecast, despite a […] Original

Matrixport Buys the Crypto Unit of Germany’s Biggest Stock Exchange

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The regulatory-compliant acquisition expands Matrixport’s footprints in Europe, reflecting the firm’s “steadfast commitment towards continually collaborating with regulators to review existing regulations and refine virtual assets specific regulations in the years to come,” Matrixport’s Chief Compliance Officer & Head of Regulatory, Christopher Liu, said in the press release. Source

MicroStrategy’s Bitcoin Bet Pays Off In Multiple Ways As Stock Surges 317%

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Este artículo también está disponible en español. MicroStrategy was shot into the limelight when it began publicly buying Bitcoin back in 2020. While it is not the only publicly listed company to do this, the company’s aggressive Bitcoin strategy set it apart from the rest. Four years later, MicroStrategy is now the public company with the largest BTC holdings in the world, recording over $5 billion in profit so far. However, the profit on the BTC holdings is not the only positive that has come from the company’s Bitcoin investment…