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HKMA Releases Tentative Schedule for Exchange Fund Bills and Notes for Q4 2024
cryptocurrency

HKMA Releases Tentative Schedule for Exchange Fund Bills and Notes for Q4 2024

The Hong Kong Monetary Authority has issued a tentative schedule for Exchange Fund Bills and Notes for the fourth quarter of 2024.

Marathon Digital Holdings Prices Oversubscribed $250M Convertible Senior Notes Offering
cryptocurrency

Marathon Digital Holdings Prices Oversubscribed $250M Convertible Senior Notes Offering

Marathon Digital Holdings announces pricing of $250 million in oversubscribed convertible senior notes, primarily to acquire bitcoin and for general corporate purposes.

Hong Kong Monetary Authority Announces Tender of 2-Year Exchange Fund Notes
cryptocurrency

Hong Kong Monetary Authority Announces Tender of 2-Year Exchange Fund Notes

The Hong Kong Monetary Authority (HKMA) will hold a tender for 2-year Exchange Fund Notes on 21 August 2024, with a settlement date on 22 August 2024.

Marathon Digital Holdings (MARA) Proposes $250 Million Convertible Senior Notes Offering
cryptocurrency

Marathon Digital Holdings (MARA) Proposes $250 Million Convertible Senior Notes Offering

Marathon Digital Holdings (MARA) announces a proposed $250 million private offering of convertible senior notes to acquire bitcoin and for corporate purposes.

Hong Kong Monetary Authority Announces Tender of 1-Year HONIA-Indexed Floating Rate Notes
cryptocurrency

Hong Kong Monetary Authority Announces Tender of 1-Year HONIA-Indexed Floating Rate Notes

The HKMA will hold a tender for 1-year HONIA-indexed Floating Rate Notes on August 14, 2024, under the Institutional Bond Issuance Programme.

MicroStrategy Boosts Bitcoin Holdings to 205,000 BTC with Latest $821.7M Purchase
cryptocurrency

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
cryptocurrency

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
cryptocurrency

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
cryptocurrency

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
cryptocurrency

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.

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