On Monday, U.S.-based Microstrategy, the publicly traded business intelligence (BI) company, unveiled plans for a private offering of $ 700 million in convertible senior notes. The BI firm plans to raise capital to pay off existing debt and purchase more bitcoin. Microstrategy Reveals Another Private Offering According to Microstrategy’s (Nasdaq: MSTR) announcement, the notes, …
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Bitdeer Technologies Group has set the stage for a $ 150 million convertible notes offering, featuring an annual interest rate of 8.5%. The deal is scheduled to wrap up on Aug. 20, 2024. This move aligns with a broader trend in the bitcoin mining sector, where firms have collectively secured $ 2.1 billion …
Binance, one of the largest cryptocurrency exchanges in the world, has settled an administrative procedure with the CVM, the securities regulator of Brazil. The exchange proposed to pay 9.6 million Brazilian reais (approximately $ 1.75 million) to resolve a case involving the irregular offering of derivatives, including futures contracts and options, dating back to …
Core Scientific, Inc., a prominent digital infrastructure provider for bitcoin mining, has revealed its intent to issue $ 350 million in convertible senior notes. This offering is anticipated to close in September 2029, with the raised capital earmarked primarily for debt repayment and other corporate necessities. Core Scientific Unveils Convertible Notes Offering, Eyes Debt …