notes
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.
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.
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.
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 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 for 2-Year Exchange Fund Notes
The HKMA will conduct a tender for 2-year Exchange Fund Notes on November 22, 2024, offering HK$1,200 million worth of notes with a 3.19% interest rate.
MARA Holdings Announces $850 Million Offering of Convertible Senior Notes Due 2030
MARA Holdings Inc. has announced the pricing of its $850 million zero-coupon convertible senior notes due 2030, with proceeds aimed at acquiring bitcoin and repurchasing existing 2026 notes.
HKMA Announces Successful Tender of 1-Year HONIA-Indexed Floating Rate Notes
The Hong Kong Monetary Authority concluded a successful tender for 1-year HONIA-indexed floating rate notes, with a bid-to-cover ratio of 2.73, indicating robust investor interest.
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.
MicroStrategy Plans to Raise $400M Of Debt to Add More Bitcoins on Its Balance Sheet
MicroStrategy Inc. plans to borrow $400 million through senior secured notes from qualified institutional buyers. The company plans to use the proceeds made from the sales to purchase more Bitcoins.
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.
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.
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.
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.
Gibraltar Financial Services Commission Comprehensive Updates to its DLT Regulations
The Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed ledger technology (DLT) providers in the country.
MicroStrategy Sells Off Convertible Debt Worth $1.05 Billion To Purchase More Bitcoin
MicroStrategy announced that it completed a sale of convertible senior notes worth $1.05 billion to acquire more Bitcoins.
Iconic Funds to Issue First Exchange Traded Product for Bitcoin on a Regulated Market
Iconic Funds, a global crypto asset management firm, has said it will issue an Exchange Traded Note (ETN) for Bitcoin of up to 100,000,000 Notes, tracking the NYSE Bitcoin Index (Ticker: NYXBT). The Notes may be subscribed to by qualified investors with both EUR and BTC, with a minimum subscription size of 100,000 Notes and an issue price of €1,00 per Note. Iconic Funds will apply for admission to trading of the Notes on the regulated market of the Luxembourg and Frankfurt Stock Exchanges in Q4 2019. The Notes will have a German ISIN.
Ethereum Gas Fees Hit a Monthly Low - Could this Trigger an ETH Uptrend?
New data by on-chain data provider Glassnode notes that the total Ethereum gas fees paid have hit a monthly low of $666,735.56.
UK Financial Watchdog FCA Bans Crypto Derivatives Trading For Retail Investors
The United Kingdom’s Financial Conduct Authority (FCA) has issued its final rules banning the sale of crypto derivatives and exchange-traded notes (ETNs).
MicroStrategy to Issue $400 Million in Securities Offering to Hoard More Bitcoin
Michael Saylor, the CEO of the billion dollar firm revealed that the firm plans to issue $400 million securities offering into Bitcoin.
OKEx Partners with Klaytn To Enhance Mass Blockchain Adoption
OKEx and Klaytn have officially joined hands as ecosystem partners who are meant to push for global adoption of blockchain technology for millions of users in the world.
Hedge Funds Were Net Short Bitcoin Futures Coming Into the Crash
According to the Block, hedge funds were inordinately short CME bitcoin futures compared to their peers the past week. So much so that net short positions among the hedge funds trading the product were at an all-time high the past two weeks.
Ethereum Network Planned Hard Fork Delayed Due to Late Acceptance of EIPS
The blockchain infrastructure company running the core of the Ethereum network has delayed the planned hard fork launch until September 6th.
IBM Eyes Blockchain and IoT Solution to Eradicate Drone Theft
Companies, such as FedEx, DHL, and Amazon, are developing drones that can deliver packages to clients’ doorsteps. This is a novel undertaking, but IBM is looking at the bigger picture, whereby these drones might steal the packages instead of delivering them.
Bitcoin Ransoms Doubled in 2019, New Report Warns Investors
Crypsis Group, a crypto forensics firm, noted in a recently released security report that crypto-ransoms, such as those involving Bitcoin, rose almost 200 percent for last year, compared to 2018.
Deloitte Tests Remuneration of Its Staff Using Bitcoin
Deloitte one of the most reputable audit firms globally has shown plans of testing BTC payments on its staff for optimal adoption.