investments | ForkLog

ForkLog 8 10.12.2024

Riot Platforms to Raise $600 Million for Bitcoin Acquisition

The mining firm Riot Platforms plans to issue $500 million in convertible senior notes, with an additional option for initial buyers to purchase $75 million more. Riot Announces Proposed Private Offering of $500 Million of Convertible Senior Notes. Net proceeds from this offering to be used primarily to acquire bitcoin and for general corporate […]

AI translated

ForkLog 20 06.12.2024

Elon Musk’s xAI Secures $6 Billion in Funding

Elon Musk’s AI startup xAI has secured $6 billion, according to a filing with the SEC. The identities of the investors and the company’s valuation remain undisclosed. In May, xAI raised $6 billion, bringing the total amount of funds raised to $12 billion. According to the Financial Times, investors from the previous round gained access […]

AI translated

ForkLog 4 05.12.2024

Hut 8 to Raise $500 Million to Boost Bitcoin Reserves

The mining firm Hut 8 has entered into an agreement to sell common shares at market price, with the offering amounting to $500 million. Hut 8 today announced a $500 million ATM program and a $250 million stock repurchase program. Read the full release here: https://t.co/AbpSre2Hql — Hut 8 (@Hut8Corp) December 4, 2024 According to […]

AI translated

ForkLog 15 27.11.2024

SoftBank to Acquire $1.5 Billion in OpenAI Shares from Employees

OpenAI has allowed its employees to sell shares worth $1.5 billion as part of a tender offer from SoftBank. This was reported by CNBC, citing sources. The deal will enable the Japanese conglomerate to acquire a significant stake in the AI startup, while current and former employees of the firm will have the opportunity to […]

AI translated

ForkLog 159 18.11.2024

MicroStrategy Acquires 51,780 BTC; MARA Secures $700 Million for Bitcoin Investments

Between November 11 and 17, MicroStrategy acquired an additional 51,780 BTC for approximately $4.6 billion, with an average purchase price of about $88,627. MicroStrategy has acquired 51,780 BTC for ~$4.6 billion at ~$88,627 per #bitcoin and has achieved BTC Yield of 20.4% QTD and 41.8% YTD. As of 11/17/2024, we hodl 331,200 $BTC acquired for […]

AI translated

ForkLog 15 18.11.2024

Former US Presidential Candidate Invests Majority of Wealth in Bitcoin

Robert Francis Kennedy Jr., nominated by Donald Trump for the position of US Secretary of Health, has announced a significant personal investment in Bitcoin, according to Cointelegraph. The former independent presidential candidate has declared himself a strong supporter of cryptocurrency. He revealed that a year ago, following his participation in a cryptocurrency conference, he invested […]

AI translated

ForkLog 3 14.11.2024

Survey Reveals Institutional Investors Plan to Increase Cryptocurrency Allocations

According to the Future Finance Report 2024 by digital bank Sygnum, 57% of institutional investors intend to increase their investments in digital assets.

AI translated

ForkLog 20 08.11.2024

Buying the fear: putting Warren Buffett’s mantra to the test with bitcoin

“Buy when everyone is fearful, and sell when everyone is greedy.” This Warren Buffett principle is familiar to anyone with even a passing interest in investment theory. How best to apply it to bitcoin has been examined by Oleg Cash Coin. Disclaimer ForkLog is not responsible for readers’ investment decisions or the outcomes that may […]

AI translated

ForkLog 8 31.10.2024

Reddit Sells Off Bitcoin Reserves

In the third quarter, the social network Reddit divested its reserves in the leading cryptocurrency and Ethereum, valued at nearly $6.9 million, according to a filing with the SEC report. Source: Quarterly report on Form 10-Q. “During the three months ended September 30, 2024, we sold most of our portfolio, which was primarily composed of […]

AI translated

ForkLog 14 31.10.2024

MicroStrategy Aims to Raise $42 Billion for Bitcoin Purchases

In its financial results for the third quarter, MicroStrategy reported a loss of $340.2 million and unveiled a plan to raise $42 billion to continue its bitcoin acquisition strategy. The business analytics software provider’s revenue amounted to $116.1 million, falling short of the consensus estimate by about $8 million and down 10.3% from the same […]

AI translated

ForkLog 7 30.10.2024

Florida Considers Bitcoin for Pension Funds

Florida’s Chief Financial Officer and Fire Marshal, Jimmy Patronis, has requested the state’s pension fund management agency to explore the possibility of investing in cryptocurrencies. There’s no telling what the future of #cryptocurrency will be, but FL must stay ahead of the curve on getting the best returns for Floridians. Today, I sent a letter […]

AI translated

ForkLog 18 24.10.2024

TeraWulf to Raise $350 Million for Share Buyback

Mining company TeraWulf will issue convertible senior notes worth $350 million, maturing in February 2030. The firm will offer buyers an option to purchase an additional $75 million in corporate bonds. Interest on the notes will be paid annually. TeraWulf plans to use the funds for a board-approved $200 million share buyback program and for […]

AI translated

#investments