Coinbase Global, Inc. has unveiled its strategy to generate $ 1 billion through the issuance of convertible bonds set to mature in 2030. This plan includes a provision for initial buyers to acquire an extra $ 150 million to address any over-allotments. Coinbase revealed that the proceeds would be allocated for “working capital …
The smart contract platform, Monad Labs is in talks to raise over $ 200 million via a funding round that is likely to be led by venture capital firm Paradigm. A successful funding round will see Monad Labs’ valuation rocket to $ 3 billion. Monad Labs Building Platform to Challenge Ethereum Monad Labs, …
Microstrategy has bought 12,000 more bitcoins after completing a $ 800 million convertible note offering. The Nasdaq-listed company now holds a total of 205,000 bitcoins, acquired for an average of $ 33,706 per coin. The note offering “was well received in the marketplace and upsized to a total of $ 800 million …
In a recent disclosure, the publicly-listed bitcoin mining corporation Stronghold Digital Mining publicized its entry into a $ 15 million securities purchase agreement with an institutional investor. Furthermore, Stronghold elaborated that the firm’s Panther Creek Plant encountered unforeseen complications with ash silo flow, prompting a temporary suspension of a portion of its operations. This …
Elon Musk’s social media company, X, has obtained 12 money transmitter licenses across the United States. Furthermore, his artificial intelligence (AI) company, X.AI, stated in a filing with the U.S. Securities and Exchange Commission (SEC) its intention to raise $ 1 billion in an equity offering. X Obtains 12 Money Transmitter Licenses Elon Musk’s …