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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Anchorage Digital, an institutionally-focused digital asset service provider, announced the launch of a stablecoin issuance platform on Thursday, tapping synthetic dollar and stablecoin issuer Ethena as its first partner client. The company will launch Ethena’s USDtb stablecoin in the United States, according to an announcement made on Thursday. Currently, USDtb is issued offshore. Issuing USDtb…
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Despite promises from past prime ministers to turn the UK into a crypto hub, the UK is still cautious about regulating the crypto industry. In 2022, then Prime Minister Rishi Sunak promised to amend laws governing the crypto industry in the UK, making them friendlier to blockchain businesses. The rhetoric may have relieved entrepreneurs, but…
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Japanese publicly listed artificial intelligence company Quantum Solutions said it plans to create a Bitcoin treasury of 3,000 BTC within the next year, an investment of more than $350 million at current prices. According to a Thursday announcement, Quantum Solutions’ Bitcoin (BTC) treasury will be managed by wholly owned Hong Kong subsidiary GPT Pals Studio…
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Layer-2 blockchain network Build on Bitcoin (BOB) has rolled out a major technical upgrade that brings it closer to getting a fully decentralized mark on L2Beat, a platform that ranks the maturity and decentralization of layer-2 networks. BOB, which aims to bring Ethereum-style decentralized finance (DeFi) capabilities to Bitcoin, has implemented zero-knowledge (ZK) fraud proofs…
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London-based artificial intelligence firm Satsuma Technology raised 100 million British pounds ($135 million) for its new Bitcoin treasury, setting a national record for BTC treasury raises. According to a Thursday announcement, Satsuma Technology said it “has successfully closed the book on the raise materially in excess” of the $135 million target. The company expects all…
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Societe Generale, the world’s 19th-largest banking conglomerate by assets, is partnering with cryptocurrency asset manager 21Shares to provide liquidity for its crypto-based exchange-traded products (ETPs) in European markets. As part of the partnership, Societe Generale will provide liquidity and market-making services for 21Shares’ cryptocurrency ETPs for investors in Germany and Eastern Europe. The European banking…
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The FTX bankruptcy estate has scheduled the next distribution to creditors, using funds no longer classified as disputed claims. The FTX Recovery Trust and debtor FTX Trading on Wednesday announced that the next distribution is expected to start on Sept. 30, and said they will determine eligible claim holders based on a record date of…
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Two men accused of kidnapping and torturing an Italian man in a Manhattan townhouse as part of a cryptocurrency extortion plot have been granted bail. John Woeltz, 37, and William Duplessie, 33, were each issued a $1 million bail on Wednesday by New York Supreme Criminal Court Judge Gregory Carro, according to a report from…
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Tesla shares slumped nearly 5% in after-hours trading as it reported mixed results in the June quarter, caused mainly by a slump in automotive revenue. Its Bitcoin holdings remained unchanged, but the company reported its value had exceeded $1.2 billion as the crypto market rallied. It also opened a new retro-themed diner in West Hollywood…
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