Michael Seller's Micro Development Strategy (MicroStrategy) revealed that it has raised $46.6 million through individual stock market sales since it reached an agreement with lead underwriter Cowen And Company in September to sell $500m of preferred shares.
In a filing with the Securities and Exchange Commission (SEC) on Friday morning, the company also upgraded its "profit app" statement, saying that raising funds could also be used to pay off debts, including on-time loans with Silvergate Bank. The $205 million loan, which was lent in March 2022, is volatile, so the cost of the loan is getting higher as short-term interest rates rise at the Fed meeting.
The Silvergate loan is due to expire in March 2025, and there is indeed a penalty for early repayment, but the penalty in March 2023 was halved to only 0.25% of the principal balance.
MicroStrategy previously used most of the proceeds from the share sale to enhance BTC (BTC).
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023