MicroStrategy announced an increase in its preferred stock offering from $250M to $584M, issuing 7.3M shares at $80 each. The raised capital is expected to fund corporate strategies and potential Bitcoin acquisitions, reinforcing the company’s position in the digital asset sector.
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Category: Bitcoin
ECB President Christine Lagarde Rejects Bitcoin for EU Reserves
ECB President Christine Lagarde has dismissed Bitcoin as a reserve asset, citing concerns over liquidity, security, and regulatory risks, despite a recent 25-basis-point interest rate cut to 2.75% aimed at stabilizing the economy.
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Grayscale Launches Bitcoin Mining ETF on NYSE Arca
Grayscale introduced its Bitcoin Miners ETF on NYSE Arca, offering exposure to key Bitcoin mining firms like Marathon and Riot. Tracking the Indxx Bitcoin Miners Index, the fund focuses on companies shaping the sector, from hardware to mining operations, as the industry adapts to evolving market conditions.
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Tesla Enjoys $600M Bitcoin Profit Jump After Accounting Rule Change
A new accounting rule helped Tesla report a $600M gain on digital assets in Q4, as their total value jumped to $1.08B.
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El Salvador Congress Amends Bitcoin Laws to Meet IMF Agreement on Crypto Exposure
El Salvador’s Congress has swiftly approved amendments to its Bitcoin laws, aligning with a deal struck with the International Monetary Fund (IMF) to scale back its crypto exposure.
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Jim Cramer Says Bitcoin Is “A Great Thing To Add To Your Portfolio”
On CNBC’s Mad Money, Jim Cramer advised adding Bitcoin directly to portfolios instead of investing in MicroStrategy, a company known for its extensive Bitcoin holdings. His comments sparked social media debates, highlighting both his evolving crypto stance and the market’s response.
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Trezor Introduces Limited-Edition Safe 5 Freedom Wallet
Trezor’s new Safe 5 Freedom Edition wallet, limited to 2,100 units, highlights Bitcoin self-custody and independence. Priced at $169, $10 from each sale supports Trezor Academy, promoting Bitcoin education in underserved regions.
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MicroStrategy Acquires Over $1 Billion Worth of Bitcoin
MicroStrategy has acquired 10,107 BTC for $1.1 billion, increasing its total holdings to 471,107 BTC. Led by Michael Saylor, the company continues its aggressive Bitcoin accumulation, aligning with its long-term strategy to integrate Bitcoin into its financial framework despite market volatility.
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Coinbase CEO: Trump’s Crypto Plans Spark Buzz in Crypto, Finance, and Tech
Coinbase CEO Brian Armstrong has highlighted how U.S. President Donald Trump’s crypto agenda has become a central topic of discussion across the crypto industry.
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Nasdaq Seeks In-Kind Creation and Redemption for BlackRock Spot Bitcoin ETF
Nasdaq has submitted a proposal to enable in-kind creation and redemption for the BlackRock iShares Bitcoin Trust (IBIT).
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