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The objective of setting up special purpose acquisition companies (SPACs) is to raise money through an initial public offering to buy another company. In…
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By December 21, 2020, MicroStrategy purchased a total of 70,470 bitcoins with an overall purchase price of $1.125 billion. The buying spree occurred in…
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Today, we got the chance to chat with Sky Guo, the Co-Founder and CEO at Cypherium. In this interview, we discussed Cypherium’s goals, what…
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The objective of setting up special purpose acquisition companies (SPACs) is to raise money through an initial public offering to buy another company. In 2020, there were 247 new SPACs, which collectively got $83 billion in capital by issuing public shares. The average SPAC IPO in 2020 was a…
By December 21, 2020, MicroStrategy purchased a total of 70,470 bitcoins with an overall purchase price of $1.125 billion. The buying spree occurred in two phases when it purchased 40,824 and 29,646 BTC at an average price of nearly $21,925. MicroStrategy got into a strategic alliance with Coinbase earlier…
The U.S. Senate voted 84 to 15 on Monday, confirming Janet Yellen as the Treasury Secretary. She is the first woman ever to be selected for this role. Last week, Yellen received a nod from the Senate Committee on Finance for the role of Secretary of Treasury. Showing bipartisan…
Microstrategy could be setting the path for other high portfolio firms to venture into making Bitcoin investment a major part of their portfolio following positive vibes that have rallied behind the company since declaring interest in Bitcoin. According to a filing with the Securities and Exchange Commission released on…
MicroStrategy will buy more Bitcoin after a successful debt offering of $1.05 billion. With 71,079 BTC in its holdings, Microstrategy is one of the largest buyers of Bitcoin in the world. The rising prices of Bitcoin led to a 600% growth in the prices of Microstrategy’s shares. Publicly-traded MicroStrategy…
Bitcoin became the first cryptocurrency in history to break through a market cap of $1 trillion Elon Musk’s Tesla joined the bitcoin bandwagon with a massive investment of $ 1.5 billion More rumors pop up from major institutions on possible investments such as Apple, Oracle, etc as bitcoin price…
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