Bonds | ForkLog

ForkLog 46 31.10.2024

US Treasury Reports Increased Demand for Bonds Driven by Stablecoins

The rise of stablecoins has led to increased demand for short-term US Treasury bonds, according to a report from the Treasury Department. The department estimates that stablecoin issuers have invested $120 billion in debt securities. “Stablecoins play an integral role as intermediaries in transactions on digital asset markets. More than 80% of all cryptocurrency operations […]

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ForkLog 17 20.06.2024

MicroStrategy Acquires 11,931 BTC and Issues $800 Million in Shares

MicroStrategy has acquired an additional 11,931 BTC for $785 million (~$65,883 per coin), utilizing proceeds from convertible notes and excess cash. This was announced by the company’s founder, Michael Saylor. MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per #bitcoin. As of 6/20/24, $MSTR […]

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ForkLog 33 15.05.2024

El Salvador Mines Nearly 474 BTC in Three Years

Since 2021, El Salvador has mined 473.5 BTC, valued at approximately $29 million, at a state-run geothermal power plant harnessing volcanic energy, according to Reuters. The country’s national Bitcoin office announced the launch of its own space in the Bitcoin mempool, allowing real-time tracking of the cryptocurrency balance in the state treasury. At the time […]

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ForkLog 24 19.03.2024

Telegram Sells $330 Million in Bonds to Global Funds

In mid-March 2024, Telegram issued bonds worth $330 million. This was announced by the messenger’s creator, Pavel Durov. According to him, demand exceeded supply, with participants in the deal being “top-tier global funds with impeccable reputations.” “The increased demand for our bonds shows that global financial institutions value Telegram’s audience growth and monetization,” Durov wrote […]

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ForkLog 17 14.03.2024

MicroStrategy to Issue $500 Million in Bonds for Bitcoin Acquisition

MicroStrategy plans to raise $500 million through the issuance of convertible bonds maturing in 2030 for qualified investors. The funds will be used for “acquiring additional bitcoins and general corporate purposes.” The company intends to offer buyers an option to purchase additional securities worth up to $75 million. The issuance will depend on “market and […]

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ForkLog 16 13.03.2024

Coinbase Follows MicroStrategy with $1 Billion Convertible Bond Offering

Coinbase plans to raise $1 billion through a private placement of convertible debt. The cryptocurrency exchange intends to use the proceeds for debt repayment, general corporate purposes, and potential acquisitions. Investors will have an option to purchase an additional $150 million in securities. The offering includes a provision for “capped call transactions,” which aims to […]

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ForkLog 20 05.03.2024

MicroStrategy to Issue $600 Million in Bonds for Bitcoin Acquisition

MicroStrategy will raise $600 million through the issuance of convertible bonds for qualified investors. The funds will be used for “purchasing additional bitcoins and general corporate purposes.” MicroStrategy Announces Proposed Private Offering of $600 Million of Convertible Senior Notes $MSTR https://t.co/PEN5dxesIb — Michael Saylor⚡️ (@saylor) March 4, 2024 The offering will depend on “market and […]

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ForkLog 7 12.12.2023

El Salvador to place Bitcoin bonds in Q1 2024

The Salvadoran Digital Assets Commission approved the Volcano Bond placement in the first quarter of 2024.

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ForkLog 18 07.09.2023

Moody’s flags AI and blockchain potential in transforming financial markets

The use of blockchain technology and artificial intelligence (AI) could potentially reduce the costs borne by issuers of financial instruments such as bonds over the next five years, according to Moody’s report.

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ForkLog 17 06.09.2023

Tether’s holdings of U.S. Treasuries reach $72.5 billion

The issuer of the stablecoin USDT, Tether, became the 22nd-largest purchaser of U.S. Treasuries, with reserves of $72.5 billion.

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ForkLog 9 06.06.2023

Expobank issues a digital financial asset on the Atomyze platform

On the Atomyze platform, a targeted issue of digital financial assets (DFA) by JSC Expobank for 1 million rubles took place.

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ForkLog 15 23.03.2023

Moody’s sees blockchain benefiting municipalities

Municipalities could cut costs and improve transparency in how they use funds by issuing bonds on a blockchain. While adoption carries certain risks, Moody’s analysts said, The Block reports.

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