Strive Asset Management Firm has partnered with 117 Castell Advisory Group to acquire distressed Bitcoin claims, including those linked to the long-defunct Mt. Gox exchange. According to a May 20 filing with the US Securities and Exchange Commission (SEC), the firms will target claims that have received definitive legal rulings but are still awaiting distribution. […]
Circle is pressing ahead with plans to go public, but the stablecoin issuer is also exploring the possibility of a sale to either Coinbase or Ripple, Fortune reported on May 19, citing people familiar with the matter. The company filed paperwork in April for a long-awaited initial public offering (IPO) targeting a $5 billion valuation,
Circle in talks with Coinbase, Ripple over potential sale amid $5B IPO plans Read More »
Twenty One Capital, a bitcoin investment company backed by Cantor Fitzgerald, Tether, and Softbank, has purchased 4,812 BTC worth $458.7 million — the first of what is promised to be many buy bids. The company trades under the ticker CEP. Stablecoin issuer Tether made the purchase shortly after Twenty One Capital was incorporated, according to
Tether-backed Twenty One Capital purchases $458.7 million worth of bitcoin Read More »
Strive Asset Management has agreed to merge with Asset Entities Inc., setting the stage for a bold transition into a Bitcoin-focused treasury company. According to a May 7 statement, the deal will see the combined firm operate under the Strive name and continue trading on NASDAQ. The firm said the move would create the first
Ripple has proposed a takeover of Circle, offering between $4 billion and $5 billion to acquire the stablecoin issuer, Bloomberg News reported on April 30, citing sources familiar with the matter. Circle rejected the bid because it was too low, and no final decision has been made on whether Ripple will submit another offer. The
Ripple’s reported $5 billion offer for Circle rejected as too low Read More »
Marco Santori, former chief legal officer of Kraken, has joined Pantera Capital as a general partner with a ”focus on expanding the firm’s crypto portfolio,” according to a blog post on Monday. Santori stepped down from Kraken in January after leading the firm’s legal team since 2020. Kraken is known for having one of the
