Business intelligence firm–turned–Bitcoin treasury company Strategy has reportedly increased its preferred stock offering to $2 billion, up from the previously planned $500 million, as it continues raising capital to fund additional Bitcoin purchases. The Series A Perpetual Stretch preferred shares were priced at $90 each at noon Eastern Time on Thursday and carry an initial…
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Hive Digital Technologies (HIVE) is continuing its transformation from a pure-play crypto miner to a high-performance computing (HPC) services provider. What began with a fleet of 400 GPUs managed by two employees is now scaling toward a $100 million annual revenue. The company is leveraging advanced AI chips, including Nvidia’s H100s and the forthcoming Blackwell…
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210k Capital, a hedge fund founded by entrepreneur David Bailey, has reportedly posted massive gains from its digital asset holdings after helping persuade US President Donald Trump to adopt a pro-crypto policy stance, highlighting the potential impact of favorable regulation on the digital asset sector. The fund delivered a net return of 640% in the…
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Crypto exchange Kraken has launched a derivatives platform for US traders, offering access to CME-listed cryptocurrency futures and expanding the availability of institutional-grade trading tools. On Tuesday, the exchange announced the launch of Kraken Derivatives US, providing access to futures contracts via the Kraken Pro platform. The move expands Kraken’s product suite by expanding futures…
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California Governor Gavin Newsom has launched a new government efficiency task force that includes representatives from various crypto firms, potentially signaling the state’s recognition that blockchain technology could enhance public services. The task force, dubbed California Breakthrough Project, has tapped executives from Ripple, Coinbase, MoonPay and others to “advise and advance government efficiency and collaboration,”…
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Bitcoin mining company MARA Holdings has completed a minority acquisition of Two Prime, an institutional investment adviser managing $1.75 billion in assets, in a deal that significantly increases the amount of BTC Two Prime manages on MARA’s behalf. The minority stake included a $20 million equity investment in Two Prime, with MARA increasing its Bitcoin…
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Kazakhstan’s sovereign wealth fund has reportedly identified cryptocurrencies as a viable asset class for inclusion in the country’s national reserves, with the central bank drawing lessons from allocation strategies used in Norway, the United States and the Middle East. According to Kursiv, a local media outlet registered with Kazakhstan’s Ministry of Information, the country plans…
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The US stock market’s V-shaped recovery since April has driven the S&P 500 Index to record highs — yet measured in Bitcoin, the benchmark is still down significantly this year, underscoring the digital asset’s strong outperformance. On Thursday, the S&P 500 Index closed at a record high of 6,280.46, extending its year-to-date gain to 7%.…
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The blockchain and AI infrastructure company has doubled its Bitcoin hashrate and boosted its annual revenue run rate to $250 million. Source link
Venture capital firm Ego Death Capital has raised $100 million from family offices and other investors to support early-stage Bitcoin (BTC) companies, highlighting the growing institutional appetite for digital asset-focused ventures. The fund aims to back Series A rounds for companies generating between $1 million and $3 million in annual revenue, founding partner Nico Leshuga…
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