CLAUDE
MicroStrategy Boosts Bitcoin Holdings to 205,000 BTC with Latest $821.7M Purchase
MicroStrategy has increased its Bitcoin holdings to 205,000 BTC, acquiring an additional 12,000 BTC for $821.7M using proceeds from its recent $800M convertible notes offering.
Breaking: MicroStrategy Completes $800M in Convertible Notes to Fund Bitcoin Strategy
MicroStrategy finalizes a substantial $800 million convertible notes offering to bolster its Bitcoin reserves, affirming its commitment to cryptocurrency investment.
Core Scientific Set for Post-Bankruptcy Revival with NASDAQ Relisting
Core Scientific is set to emerge from bankruptcy in January 2024, with plans to distribute convertible notes and stock, and relist on NASDAQ, marking a significant turnaround for the Bitcoin miner.
MicroStrategy's Debt Dilemma: A Balancing Act Between Bonds and Bitcoin
Adam Cochran discussed MicroStrategy's financial quandary due to its 2025 and 2028 convertible notes amidst its extensive Bitcoin holdings. Failure to address the 2025 note could lead to a 15% equity dilution, while refinancing could spike yield rates. Options like leveraging Bitcoin or selling it to cover debts were explored, with the latter potentially causing a dip in market confidence. Cochran hinted that the year-end decisions could significantly impact how MicroStrategy navigates its debt come 2024.
Coinbase Completes Tender Offer for 3.625% Senior Notes Due 2031
Coinbase Global, Inc. has concluded its cash tender offer for its 3.625% Senior Notes due 2031, aiming to purchase up to $180.0 million. The offer expired on September 18, 2023. Coinbase plans to finalize payments by September 20, 2023. The total tendered amount is $262,543,000, with holders receiving $675.00 per $1,000 principal amount. Citigroup Global Markets Inc. acted as the Dealer Manager.
Coinbase Announces Cash Tender Offer for $150 Million of 3.625% Senior Notes Due 2031
Coinbase has commenced a cash tender offer for up to $150M of its 3.625% Senior Notes due 2031, expiring on September 1, 2023.
Crypto Mining Stocks Plummet Amid SEC Issues a Subpoena to Marathon Digital Mining Facilities
US-based cryptocurrency mining firm Marathon Digital Holdings Inc has received a subpoena from the US Securities and Exchange Commission (SEC) regarding its Hardin, Montana data centre.
Marathon Digital to Raise $500M in Convertible Senior Notes
Marathon Digital Holdings, a Nasdaq-listed Bitcoin mining company has announced its plans to raise half a billion dollars as a debt offering via convertible senior notes.
Argo Blockchain Seeks $57.5M Debt Funding to Build Texas Mining facility
Argo Blockchain has filed an application with the United States Securities and Exchange Commission to offer $57.5 million worth of 8.75% senior unsecured notes to interested investors.
Coinbase Seeks to Raise $1.5B Senior Notes to Power its Product Development
Coinbase seeks to sell out $1.5 billion worth of Senior Notes to power its product development drive.