Microstrategy Plans a $400 Million Capital Raise to Buy More Bitcoin

Microstrategy Plans a $400 Million Capital Raise to Buy More BitcoinMicrostrategy Inc., said Monday that it is planning to sell $400 million in convertible senior notes to private investors so that it could buy more bitcoin. The Nasdaq-listed business intelligence and mobile software company already holds 40,824 bitcoin (BTC) in reserve, valued at $776 million at current prices of around $19,000 per each bitcoin. On […]

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Ripple Is Selling 33% of Its Stake in Moneygram

Ripple Is Selling 33% of Its Stake in MoneygramRipple Labs Inc. is selling 4 million of its shares in Moneygram, or about a third of its total shareholding in the company. The decision seems in part to be motivated by the surging Moneygram share price and Ripple’s desire to cash out after buying the shares at a premium of $4.10 in 2019. At […]

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Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin Miner

Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin MinerNasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars. ▪ Marathon said the deal would boost the company’s operations to 23,560 next-generation miners, “making it the largest self-miner in North America”. ▪ When fully installed, the new machines will […]

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Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs by 38% With US Power Company

Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs by 38% With US Power CompanyNasdaq-listed Marathon Patent Group has agreed to a joint venture deal with U.S. independent power producer Beowulf Energy to deliver cheap electricity for its bitcoin mining operations in the country’s north. In a statement on Tuesday, Marathon said that it will co-locate a bitcoin mining facility within Beowulf’s Big Horn Data Hub at its 105-megawatt […]

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Coinbase Eyeing US Stock Market Listing as Early as This Year

Coinbase Eyeing US Stock Market Listing as Early as This YearCoinbase Inc is planning a U.S. stock market listing for later this year or early 2021, Reuters reported on Thursday. The plan is subject to approval by the U.S. Securities and Exchange Commission. If successful, Coinbase could become the first major American cryptocurrency exchange to go public. Instead of an initial public offering (IPO}, where […]

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