MicroStrategy Inc. is raising $400 million by selling senior secured notes, whereby the acquired funds will get more bitcoins. MicroStrategy’s Bitcoin Investment The corporate bond sale is the first for the company, with proceeds directed to crypto. Notably, the notes will be available to institutional buyers who are qualified. Meanwhile, the company has already issued convertible bonds totaling about $1 […]

Nasdaq-listed business intelligence firm MicroStrategy is borrowing $400 million through senior secured notes to add more bitcoin to its current 92,079 stash, worth $3.29 billion at press time. According to a filing from the company, the senior secured notes will be available for qualified institutional buyers. The company has in the past raised $550 million in a private placement to […]

Following the recent cryptocurrency market crash that saw the price of bitcoin plunge from a near $64,000 all-time high to $29,900 before it recovered to $36,000, open interest for bitcoin has dropped significantly, while for Ethereum it surged. According to CryptoCompare’s May 2021 Exchange Review, Ethereum’s priced ended the month of May down just 2.5%; however, Ethereum gained market share […]

Indian tech leader Nandan Nilekani has joined the chorus of people encouraging greater crypto adoption in the country. Meanwhile, issues concerning cryptocurrency regulations remain unclear in India with several conflicting communique from state authorities. There is a Role for Crypto According to a report by the Financial Times on Monday (June 7, 2021), Nilekani, chairman of information technology consulting firm […]

Elon Musk has been a constant name in the crypto space this year. The billionaire and CEO of Tesla went from supporting Bitcoin to criticizing it before jumping ship to the camp of Dogecoin, the popular meme coin which saw over a 4000% rise in value within months thanks to Musk’s social media endorsements. Elon Musk who has somewhat been […]

Last Thursday (June 3), Vitalik Buterin, the author of the Ethereum white paper, addressed Elon Musk’s suggested improvements for Dogecoin ($DOGE) and talked about potential future interoperability between Dogecoin and Ethereum during a conversation with MIT AI Researcher Lex Fridman. The Russian-Canadian programmer’s comments about Dogecoin’s future were made during episode #188 of the “Lex Fridman Podcast“. Fridman started this […]

U.K.-based investment management firm Ruffer made a quick buck HODLing bitcoin for five months. Ruffer Makes Quick Money on Bitcoin According to a report by The Times published on June 6, investment management company Ruffer is said to have made a whopping $1 billion in five months from investing in bitcoin. The firm added it sold a huge chunk of […]

A video posted on Anonymous Facebook page to its 11 million followers alleges Tesla bought the bitcoin with government subsidies. “It is also more than likely that this bitcoin was purchased with money from these government subsidies,” Anonymous said, adding: “It is now widely believed that you have been forced to denounce your company’s involvement with bitcoin in order to […]