As of March 22, the bitcoin holdings of Grayscale’s Bitcoin Trust (GBTC) have diminished by 27,917.37 compared to its status three days prior, now amounting to 350,252 bitcoin valued at approximately $ 22.2 billion. Since evolving into an exchange-traded fund (ETF) listed on public exchanges, GBTC has shed billions in bitcoin over the preceding …
On Tuesday, the business intelligence firm Microstrategy announced it completed a $ 603.75 million offering of convertible senior notes due 2031. After the announcement, Microstrategy’s founder Michael Saylor announced the company acquired 9,245 bitcoin for $ 623 million using the proceeds and excess cash. Microstrategy Now Holds 214,246 Bitcoin After Microstrategy announced its …
The Avalanche Foundation has disclosed the first set of community coins, also called meme coins, in which the institution has invested under its $ 100 million Culture Catalyst fund launched in 2022. Coq inu, gecko, kimbo, nochill, and tech are the first five currencies that are part of the foundation’s holdings, and more might …
On March 13, the business intelligence company based in Virginia, Microstrategy, unveiled plans to generate $ 500 million by issuing convertible notes due in 2031. Echoing their previous fundraising efforts, the newly acquired funds are earmarked for bitcoin acquisitions along with covering various general corporate expenditures. Microstrategy Continues Bitcoin Bet, Plans $ 500M …
Blackrock, the world’s largest asset manager, has hit a significant milestone with its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). The fund’s crypto holdings have reached nearly 204K bitcoins, representing over $ 14.76 billion in assets under management (AUM). IBIT’s Bitcoin Holdings Continue to Grow Blackrock’s Ishares Bitcoin Trust (IBIT), the …