Bitcoin Purchase | ForkLog

ForkLog 6 05.11.2024

UK Pension Fund Allocates $2 Million to Bitcoin Investment

An undisclosed UK pension fund has allocated 3% of its AUM of £50 million GBP (~$64.9 million) for direct Bitcoin purchases instead of BTC-ETF. This was reported by Corporate Advisor. According to the report, the private key is distributed among five independent institutions. This marks the first initiative of its kind in the country. The […]

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ForkLog 6 03.10.2024

Metaplanet Gains $1.4 Million from Bitcoin Hedging Strategy

The Japanese public company Metaplanet received 23.972 BTC (~$1.46 million) as a premium from selling put options on its bitcoin holdings. QCP Capital facilitated the transaction. “By selling 223 contracts, the firm will increase its digital gold reserves if prices fall below the strike price of $62,000 at the expiration on December 27,” the statement […]

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ForkLog 14 01.10.2024

Metaplanet’s Bitcoin Holdings Surpass 500 BTC

The Japanese public company Metaplanet acquired an additional 107.913 BTC for 1 billion yen ($6.9 million). The average price of the transaction was 9.26 million yen ($64,168) per bitcoin. The firm’s total coin holdings have reached 506.745 BTC ($32.2 million). They have spent 4.75 billion yen at an average cost of 9.37 million yen ($64,931). […]

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ForkLog 6 10.09.2024

Japanese Firm Metaplanet’s Bitcoin Reserves Near 400 BTC

The Japanese investment firm Metaplanet Inc. announced the acquisition of an additional 38.464 BTC, valued at approximately 300 million yen ($2 million). The average price of the latest cryptocurrency purchase was around 7.8 million yen ($54,786). In total, the firm has spent 3.75 billion yen ($26 million) on 398.8 BTC. The average purchase price of […]

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ForkLog 8 13.08.2024

Metaplanet CEO Advocates Bitcoin Accumulation as Holdings Surpass 300 BTC

The Japanese public company Metaplanet announced the acquisition of an additional 57.1 BTC for 500 million yen (~$3.3 million). The company’s total bitcoin holdings have reached 303.095 BTC ($18 million). Last week, the firm secured a loan of 1 billion yen ($6.8 million) with an annual interest rate of 0.1%. Most of the funds were […]

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ForkLog 9 12.08.2024

MARA to Raise $250 Million for Bitcoin Acquisition

MARA, formerly known as Marathon Digital, plans to issue $250 million in convertible bonds. The funds will be used to acquire digital gold as part of a “full hodl” strategy concerning bitcoin reserves and for general corporate purposes. MARA Announces Proposed Private Offering of $250 Million of Convertible Senior Notes https://t.co/oYRaAHvHbU — MARA (@MarathonDH) August […]

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ForkLog 9 06.08.2024

Japanese Firm Metaplanet Allocates $59 Million for Bitcoin Acquisition

Metaplanet announced the allocation of 8.5 billion yen ($58.8 million) to bolster its bitcoin reserves. The public company will raise the necessary funds through an additional share issuance. The issuance will amount to 10 billion yen ($69.1 million). All shareholders will have the right to purchase securities starting September 5, with distribution commencing on September […]

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ForkLog 3 06.08.2024

Capula Hedge Fund Holds $464 Million in Bitcoin ETFs

As of July 30, the British hedge fund Capula Investment Management held spot bitcoin ETFs totaling approximately $464 million. This is evidenced by the company’s report to the SEC. According to the documents, Capula’s assets are represented as follows: 4 million shares of Fidelity Wise Origin Bitcoin ETF (FBTC) valued at $211 million; 7.4 million […]

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ForkLog 15 24.06.2024

Japanese Firm Metaplanet to Raise $6.3 Million for Bitcoin Acquisition

The publicly traded company Metaplanet announced its intention to issue unsecured bonds worth 1 billion yen ($6.26 million) to purchase digital gold. The interest rate on these securities will be 0.5%. The bond’s maturity and coupon payment period is set for one year. The market reacted positively to the company’s plans. Metaplanet’s shares rose by […]

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ForkLog 11 13.06.2024

MicroStrategy to Issue $700 Million in Convertible Bonds for Bitcoin Acquisition

MicroStrategy plans to issue eight-year convertible senior unsecured notes amounting to $500 million for “acquiring additional bitcoins and funding general corporate purposes.” June 14, 2024 | 15:22Update: MicroStrategy has raised the target threshold for the bond issuance to $700 million. MicroStrategy Announces Pricing of Offering of Convertible Senior Notes $MSTR https://t.co/ejEbX1a7P9 — Michael Saylor⚡️ (@saylor) […]

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ForkLog 6 11.06.2024

Metaplanet of Japan Increases Bitcoin Reserves to 141 BTC

The publicly traded company Metaplanet announced the purchase of 23.351 BTC ($1.58 million), raising its total Bitcoin holdings to 141.07 BTC ($9.54 million). The firm’s shares responded with a 9.88% increase. This latest Bitcoin acquisition follows previous transactions on April 23 and May 10. The average purchase price for 1 BTC was 10.27 million yen, […]

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ForkLog 18 16.05.2024

Millennium Management Acquires $1.94 Billion in Spot Bitcoin ETFs

By the end of the first quarter of 2024, hedge fund Millennium Management held $1.94 billion in spot bitcoin ETFs. This amount represents 3% of its AUM ($64 billion). The firm allocated its investments as follows: ARK 21Shares Bitcoin ETF (ARKB) — $45 million; Bitwise Bitcoin ETF (BITB) — $44.7 million; Grayscale Bitcoin Trust (GBTC) […]

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