investments | ForkLog

ForkLog 13 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 […]

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ForkLog 26 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 […]

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ForkLog 199 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 […]

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ForkLog 23 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 […]

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ForkLog 7 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.

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ForkLog 32 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 […]

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ForkLog 15 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 […]

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ForkLog 20 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 […]

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ForkLog 8 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 […]

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ForkLog 38 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 […]

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ForkLog 35 21.10.2024

Bill Miller Reveals Average Bitcoin Purchase Price

Bill Miller, founder of Miller Value Partners, disclosed that he purchased Bitcoin “at the very beginning” for $200, with an average entry price from 2012 to 2024 of approximately $700. The businessman shared this in an interview with Forbes. According to him, Bitcoin is the only economic unit where supply is not dependent on demand […]

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ForkLog 36 16.10.2024

Praxis Secures $525 Million for AI and Cryptocurrency-Friendly City

The Praxis project has secured $525 million to establish a new city with minimal regulatory barriers, aimed at fostering breakthroughs in AI, cryptocurrencies, biotechnology, energy, and advanced manufacturing. Investors include Arch Lending, GEM Digital, Manifold Trading, Farcaster CEO Dan Romero, Dragonfly CEO Tom Schmidt, Dragonfly General Partner Rob Hadyk, Worldcoin co-founder Max Novendstern, among others. […]

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