GameStop Corp. plans to raise $1.75 billion through a private offering of convertible senior notes due 2032, as the company explores digital asset investments, including potential Bitcoin acquisitions, under its updated investment strategy, according to a June 11 press release. The zero-coupon notes will be offered to qualified institutional buyers under Rule 144A of the […]
Cardano has taken a new step in bridging the gap between Bitcoin and decentralized finance by launching Cardinal. This protocol allows the top blockchain network to interact with Cardano’s DeFi ecosystem. Cardano founder Charles Hoskinson highlighted the release on June 9, sharing a post from Roman Pellerin, Chief Technology Officer at Input Output Global (IOG),
Cardano launches Cardinal to fuse Bitcoin liquidity with DeFi ecosystem Read More »
Interconnections between centralized and decentralized crypto lending are heightening systemic risk, Galaxy Digital’s research arm said in a June 4 report on first-quarter borrowing data. The report estimated that as of March 31, over $39 billion in crypto-collateralized debt was outstanding across decentralized lending apps, centralized lenders, and crypto-backed stablecoin issuers. DeFi protocols accounted for
Strategy revealed on June 2 that it will offer 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock, branded “STRD,” to acquire more Bitcoin (BTC). The STRD security carries a $100 initial liquidation preference and pays non-cumulative cash dividends at 10% a year when Strategy’s board declares them. Strategy intends to use
Strategy unveils ‘Stride’ stock to fuel fixed-income expansion, boost Bitcoin holdings Read More »
SharpLink Gaming plans to establish a $425 million Ethereum (ETH) treasury under the guidance of Consensys CEO and Ethereum co-founder Joseph Lubin, the company announced on May 27. The sports-betting technology company entered into securities purchase agreements for a private investment in public equity. The company will issue 69.1 million shares at $6.15 each, or
SharpLink makes $425M Ethereum treasury plunge with Joseph Lubin’s guidance Read More »
Moody’s downgraded the United States’ long-term credit rating from Aaa to Aa1 on May 16, marking the first time in history the agency has stripped the US of its top-tier status. The agency pointed to a decade of rising debt levels, escalating interest burdens, and a consistent failure by policymakers to enact meaningful deficit controls.
Twenty One Capital has purchased 4,812 Bitcoins (BTC) on May 9 for approximately $458.7 million, according to an 8-K Form filed with the US Securities and Exchange Commission (SEC). The acquisition, made at an average price of $95,319.83 per BTC, was executed in connection with a business combination agreement between Twenty One and Cantor Equity
