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ForkLog 10 17.06.2024

Tether Co-founder Attributes New Crypto ETFs to Wall Street’s ‘Greed’

The momentum of cryptocurrency exchange-traded funds (ETFs) is unlikely to wane following the launch of Ethereum ETFs, as Wall Street’s ‘greed’ will ensure the emergence of new instruments, according to Tether and WAX co-founder William Quigley in a conversation with Decrypt. In his view, the drive of major financial players for maximum profit will likely […]

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ForkLog 12 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 13 07.06.2024

Short Positions on MicroStrategy Stocks Surge to $6.9 Billion

The value of open short positions on MicroStrategy stocks has tripled over the past six months, reaching $6.9 billion, according to Cointelegraph. The securities of the “Bitcoin and related products developer” are among the 2500 largest shorts in the US stock market. The top position on the list is valued at $2.47 billion (ranked 27th). […]

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ForkLog 14 03.06.2024

GameStop Shares Surge 70% Following Roaring Kitty’s Investment Revelation

On June 3, GameStop (GME) shares on the Robinhood pre-market soared by 70% after Keith Gill’s $180 million position was disclosed. Gill, a former financial analyst and member of the WallStreetBets subreddit, is known by the alias The Roaring Kitty. In 2020, he spearheaded a retail traders’ “war” against Wall Street. Overnight, he posted a […]

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ForkLog 17 28.05.2024

Cryptocurrency ETFs Amass Over 1 Million BTC Under Management

Thirty-two exchange-traded funds based on various digital assets have accumulated over 1 Nakamoto (~$70 billion) under management, representing about 5% of the total bitcoin supply. This was highlighted by MicroStrategy founder Michael Saylor. 32 #Bitcoin Spot ETFs now hold ~1 Nakamoto of $BTC pic.twitter.com/OpHridlymc — Michael Saylor⚡️ (@saylor) May 27, 2024 As of May 24, […]

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ForkLog 7 09.05.2024

EU Regulator Considers Inclusion of Crypto Assets in €12 Trillion UCITS Funds

The European Securities and Markets Authority (ESMA) has sought input from stakeholders on the feasibility of incorporating digital assets into UCITS funds. According to a 2023 report by the EFAMA, the total volume of this sector has reached €12 trillion. During discussions, which will continue until August 7, ESMA hopes to assess the potential risks […]

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ForkLog 24 09.05.2024

Exodus Wallet Developer Delays NYSE Listing

Exodus Movement, a developer of non-custodial software, has postponed its stock listing on the New York Stock Exchange (NYSE) pending review by the SEC.

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ForkLog 21 07.05.2024

Exodus Wallet Developer to List on NYSE

On May 9, Exodus Movement, a company specializing in custodial software development, will list its shares on the New York Stock Exchange (NYSE) under the ticker EXOD. Big news! Exodus stock $EXOD starts trading on the NYSE American this Thursday, May 9th. This significant milestone paves the way to creating long-term value for our investors […]

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ForkLog 15 09.04.2024

Metaplanet Shares Soar 90% Following Bitcoin Reserve Acquisition

The shares of Japanese public company Metaplanet surged nearly 90% following the announcement of a new strategy involving the acquisition of bitcoins worth 1 billion yen (~$6.6 million) for its balance sheet. Today, we’re thrilled to announce a groundbreaking shift in our financial strategy, as we embrace Bitcoin as the core treasury asset of the […]

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ForkLog 12 27.03.2024

MicroStrategy Shares Reach 24-Year High

On March 26, MicroStrategy’s market capitalization reached a new high of $31.85 billion, the highest since March 2000. This daily increase of 1.13% was driven by Bitcoin’s recovery to $70,000. Daily chart of MicroStrategy shares on Nasdaq. Data: Finviz. The stock closed the day at $1877, setting a new intraday record of $1909.5. Since the […]

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ForkLog 11 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 9 11.03.2024

London Stock Exchange to Launch Bitcoin ETN Trading

In the second quarter of 2024, the London Stock Exchange (LSE) will begin accepting applications for the listing of exchange-traded notes (ETN) based on Bitcoin and Ethereum. The company outlined the requirements for crypto products in an information bulletin. These include: physical backing of assets without debt obligations; the presence of market valuation and other […]

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