Crypto News
Strategy Adds 245 Bitcoin, Totaling 592,345 BTC Amid Geopolitical and Market Turmoil
Amid global instability and market volatility, Strategy expands its bitcoin holdings with a $26 million acquisition, driving its stash to 592,345 BTC and reinforcing its dominant crypto strategy. Strategy’s Bitcoin Stash Hits 592,345 BTC After Fresh $26M Acquisition Software intelligence firm Microstrategy (Nasdaq: MSTR), which has rebranded as Strategy, announced on June 23 that itSource link
Cardone Capital Adds 1,000 BTC, Eyes 3,000 in Bold Bitcoin Strategy
Grant Cardone, the well-known real estate investor, has announced that his firm, Cardone Capital, has added 1,000 BTC to its balance sheet."CardoneCapital adds 1,000 BTC to balance sheet becoming first ever real estate/BTC company integrated with full BTC strategy combining the two best in class assets," said Cardone in an X post.At current market prices, the purchase is worth just over $100 million. If Cardone Capital were a publicly traded company, this acquisition would place it among the top 30 corporate bitcoin holders globally, ranking near the 29th largest, according to bitcointreasuries. Cardone went on to reveal that Cardone Capital currently holds 14,200 residential units and over half a million square feet of Class A office space. The firm expects...
Bitcoin, Ethereum Funds Pulled in $1.2 Billion Amid Rising Global Tension Last Week
Bitcoin attracts $1.1 billion despite a price correction, while Ethereum posts its longest streak since 2021, data compiled by CoinShares shows.Source link
Anthony Pompliano’s ProCap to Go Public in $1B Bitcoin Treasury SPAC Deal
Anthony Pompliano is taking his bitcoin-native financial platform ProCap BTC public through a $1 billion merger with Columbus Circle Capital Corp. I (CCCM), a special-purpose acquisition company (SPAC) sponsored by an affiliate of Cohen & Company.The transaction, announced Monday, positions the new entity, ProCap Financial, Inc., as one of the largest bitcoin treasuries ever to hit public markets.In what’s being called the largest initial fundraise for a public bitcoin BTC treasury company to date, ProCap raised $550 million in preferred equity and secured $225 million in convertible notes, giving future shareholders immediate exposure to bitcoin through a structure designed to acquire BTC ahead of the deal's close.Led by Pompliano, a well-known investor and vocal bitcoin advocate, ProCap aims to operate...
Teen Has ‘Strong Incentives to Flee’ After Pleading Guilty to $245M Bitcoin Heist, Gov Says
The government argued that Veer Chatel’s co-conspirators could help him to flee the country to prevent him testifying against them.Source link