Crypto News
Solv Raises $10M for Bitcoin Reserve Offering to Drive Institutional BTC Finance Adoption
Bitcoin (BTC) staking platform Solv has raised $10 million for its Bitcoin Reserve Offering (BRO) as it aims to build a $100 million BTC reserve.BRO merges aspects of traditional convertible bonds with crypto-native features to drive institutional adoption of BTC finance, according to an emailed announcement shared with CoinDesk on Thursday.Solv is attempting to offer an "on-chain MicroStrategy" model, referencing the Michael Saylor-founded software company that now owns nearly 500,000 BTC.BRO may appeal to institutions who wish to invest in BTC as a store of value in a similar way to Strategy (as MicroStrategy is now called) but without physically purchasing and holding it themselves. Furthermore, they may be seeking a more active yield-generating form of BTC investment. Solv will...
‘My Pet Hooligan’ Will Launch on Arbitrum ‘Studio Chain’ for Games and Entertainment
The Karrat Foundation is headlining the Studio Chain built with Arbitrum’s Ethereum layer-2 tech, which will play host to My Pet Hooligan.Source link
VeChain Unveils Galactica: A New Era for VeChainThor with VIP Upgrades
VeChain announces the Galactica phase, featuring major VIP upgrades to VeChainThor, aiming for enhanced tokenomics and blockchain interoperability. Stakeholders to vote on these changes starting February 24th. (Read More)Source link
Why Strategy’s Preferred Stock, STRK, Is Defying MSTR’s Downturn
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).Strike (STRK), the preferred stock issued by bitcoin buyer Strategy (MSTR) has been listed for just over a month and is currently 3% higher than at its Feb. 5 introduction. Strategy's common stock, on the other hand, is 20% lower over the same period.Preferred stock like STRK can be thought of as a hybrid of equity and debt. Holders have a greater right to dividend payments than common stock owners if the company makes them and also to the company's assets in the event of a liquidation. STRK is a perpetual issue, which lacks a maturity date (like equity) and pays a fixed dividend (like debt).Those features mean preferred...
Bitcoin ETFs Break Seven-Day Outflow Streak With $13 Million Inflow, Ether ETFs Continue Decline
Bitcoin ETFs recorded a net inflow of $13 million, ending a seven-day streak of outflows, with Ark 21Shares’ ARKB leading the gains. In contrast, Ether ETFs continued their decline, marking a sixth consecutive day of outflows totaling $10 million. Bitcoin ETFs See Modest Gains as Ether ETFs Extend Losses After a challenging week marked bySource link