Bitcoin miner MARA Holdings (MARA) said it plans to raise $850 million through a private sale of 0% convertible senior notes due in 2032. The deal, aimed exclusively at qualified institutional buyers, includes an option for initial buyers to purchase an additional $150 million of the notes, potentially bringing the total raise to $1 billion,
By Francisco Rodrigues (All times ET unless indicated otherwise) The government’s announcements of trade agreements with countries including Indonesia and Japan “raised hopes that the U.S. might be about to reach deals with other countries that avoid the higher tariffs,” Deutsche Bank analysts wrote in a note reported on by Reuters. That optimism has allowed
Bitcoin’s rally to a new all-time high of $122,054 has triggered a wave of profit-taking across the market. On-chain data shows signs that institutional appetite may also be cooling. After a strong six-week streak of net inflows into US-listed spot Bitcoin ETFs, this week has seen a reversal, with several funds recording outflows. Institutional Investors
Recent developments suggest positive developments toward in-kind creations for crypto ETFs (exchange-traded funds) after major providers filed amendments. The US SEC (Securities and Exchange Commission) initially approved cash redemptions for Bitcoin and the Ethereum ETFs. Wall Street Set to Benefit as SEC Inches Closer to In-Kind Crypto ETF Approval Major providers filed amendments for in-kind
Outspoken Bitcoin (BTC) critic and gold advocate Peter Schiff has acknowledged holding a small amount of Bitcoin, despite his long-standing skepticism toward the cryptocurrency. In a post on X (formerly Twitter) on July 22, Schiff wrote: “Someone pointed out that I do own Bitcoin. I have some in my Strategic Bitcoin Reserve. But I promised
In the dynamic world of digital assets, strategic moves by major players often signal broader market trends. Recently, the digital asset manager Hilbert Group made headlines with a significant financing agreement aimed at bolstering its Bitcoin holdings. This development isn’t just a win for Hilbert Group; it offers a fascinating glimpse into the evolving landscape
In a move that has sent ripples across the cryptocurrency landscape, Tether, the issuer of the world’s largest stablecoin USDT, has recently pulled back the curtain on a significant portion of its expansive investment portfolio. This isn’t just about holding reserves; it’s about active, strategic deployment of profits into a diverse array of over 120
South Korea’s Financial Supervisory Service has verbally instructed local asset managers to limit exposure to crypto-linked stocks such as Coinbase and Strategy in ETFs, citing a 2017 policy that bars institutional investment in virtual assets. Summary South Korea’s FSS has informally directed asset managers to reduce ETF exposure to crypto-linked stocks like Coinbase and Strategy.
Ripple’s push into the U.S. banking system has sparked a fresh backlash from traditional finance, and the company’s chief technology officer is not mincing his words. Following the American Bankers Association’s call for regulators to freeze crypto bank license approvals, including those for firms such as Ripple and Circle, David Schwartz made it clear what
Public companies worldwide have been going all-in on Bitcoin (BTC) this year. Whether it’s through equity or debt issuance, firms have accelerated their push to acquire BTC and add it to their balance sheets. While Bitcoin continues to appreciate in value, the firms have also benefited through their stock surge and paper gains. But the