Corporate execs sell stock at record levels as Bitcoin nears 130% YTD returns

December 13, 2024 Coin Telegraph

Bitcoin could reach a cycle top of over $160,000 on continued interest rate cuts and macroeconomic improvements in 2025, analysts have predicted.

Corporate executives are selling their stock shares at unprecedented levels as Bitcoin continues to sustain above $100,000.

The corporate executive stock sale ratio reached a new all-time high of six sellers to buyers, according to Financial Times data shared by the Kobeissi Letter in a Dec. 12 X post:

Corporate executive stock sales reach an all-time high. Source: The Kobeissi Letter / Financial Times

Quantum computing will fortify Bitcoin signatures: Adam Back

Riot Platforms raising $500M to buy Bitcoin amid price surge

December 9, 2024 Coin Telegraph

Riot Platforms raising 0M to buy Bitcoin amid price surge

$500M fundraising

If it follows through with its proposal, Riot Platforms will join many of its colleagues in paying top prices for BTC.

Riot Platforms has proposed raising $500 million to buy more Bitcoin (BTC). The company may conduct a private bond issue for qualified institutional investors. Its decision comes as Bitcoin hovers around its all-time high and other industry heavyweights have made large acquisitions at top price.

Riot may offer senior convertible notes through private offering memorandums. Purchasers would have the option of buying $75 million more in notes within three days of their initial purchase. The offering will be subject to market conditions, it said, and no mention was made of interest payments.

The notes will be unsecured senior obligations with a Jan. 15, 2030, maturity date and will be redeemed or converted into Riot common stock at the company’s election. The conversion rate and other terms will be determined at the time of pricing the offering.

Quantum computing will fortify Bitcoin signatures: Adam Back

Microsoft shareholder proposes firm look into investing in Bitcoin

October 25, 2024 Coin Telegraph

Bitcoin investment

Microsoft’s board is already recommending voting against it, arguing they already “evaluate a wide range of investable assets,” including Bitcoin.

Microsoft shareholders are set to vote in December on whether the tech giant should publicly assess adding Bitcoin to its balance sheet, a filing with the United States securities regulator reveals.

In the Oct. 24 filing, Microsoft disclosed that “Assessment of Investing in Bitcoin” is currently proposed to certain shareholders who will cast their vote in a Dec. 10 meeting.

However, the Microsoft board is already recommending they vote against it because they already “evaluate a wide range of investable assets,” including Bitcoin (BTC).

Item 5 stating the Microsoft board recommends shareholders to vote against a Bitcoin investment. Source: Securities and Exchange Commission

Quantum computing will fortify Bitcoin signatures: Adam Back

Cathedra Bitcoin cools off mining to tap MicroStrategy playbook

September 17, 2024 Coin Telegraph

Bitcoin investment

Cathedra Bitcoin said Bitcoin mining simply hasn’t provided enough shareholder value on a Bitcoin basis over the last three years, which prompted a change in strategy.

Canadian Bitcoin miner Cathedra Bitcoin is taking the gas pedal off its seven-year mining operation in favor of a new strategy: Buying as much Bitcoin as possible in the open market à la MicroStrategy.

In a Sept. 16 “Bitcoin Treasury Strategy Memo,” Cathedra explained its new plan will see “all capital allocation decisions” now geared toward maximizing the firm’s Bitcoin reserves on a per share basis — the “most important” metric for many of its largest shareholders.

“This represents the formalization of a policy we have always held loosely in our minds but have not always allowed to guide our decisions in a disciplined way.”

Quantum computing will fortify Bitcoin signatures: Adam Back

Metaplanet secures 1B yen loan to buy more Bitcoin

August 8, 2024 Coin Telegraph

Bitcoin 2024 conference

Just two days after revealing plans to raise $70 million via a stock rights offering, ‘Asia’s MicroStrategy’ has taken a $6.8 million loan from one of its shareholders to buy more Bitcoin.

Japanese investment firm Metaplanet has just resolved to secure a $6.8 million loan (1 billion Japanese yen) from one of its shareholders to buy more Bitcoin.

The loan from MMXX Ventures — a Metaplanet shareholder — has a 0.1% interest rate per annum and a six-month term starting on Aug. 8. The company revealed in a statement that it will be paid back in a lump sum.

If approximately 100% of the $6.8 million of the loan went toward Bitcoin, the firm would be able to buy an additional 118.5 Bitcoin (BTC) at current market prices.

Quantum computing will fortify Bitcoin signatures: Adam Back

Japanese firm Metaplanet to invest $58.76M in Bitcoin

August 6, 2024 Coin Telegraph

Japanese firm Metaplanet to invest .76M in Bitcoin

10 billion yen

Metaplanet Inc. allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility.

Metaplanet Inc. announced a gratis allotment of its 11th series of stock acquisition rights to all common shareholders during the company’s Board of Directors meeting.

The decision was made to raise approximately 10 billion yen worth around $69.13 million, with 8.5 billion yen worth $58.76 million set for investment in Bitcoin (BTC).

All common shareholders will receive the stock acquisition rights as of Sept. 5, with the allotment effective from Sept. 6 onward.

Quantum computing will fortify Bitcoin signatures: Adam Back

Barstool’s Dave Portnoy Plans Major BTC Buy if Price Drops to $40,000

June 28, 2024 Bitcoin.com

Barstool’s Dave Portnoy Plans Major BTC Buy if Price Drops to ,000

$40000

American businessman Dave Portnoy, the founder and owner of Barstool Sports, announced that if bitcoin drops to the $40,000 range, he will invest $5-10 million worth of BTC using Barstool funds. Portnoy stated that while he personally owns BTC, he wouldn’t use Barstool money to buy at the $60,000 level. Portnoy’s Bitcoin Bet: Barstool Sports […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Senator Ted Cruz Acquires 3 Bitcoin ASIC Miners, Begins ‘Hashing’ in Texas

June 2, 2024 Bitcoin.com

ASIC

Republican Senator Ted Cruz from Texas has announced that he purchased three application-specific integrated circuit (ASIC) bitcoin miners. “I just bought 3 Bitcoin miners that started hashing today in Iraan, TX,” the Senator stated on X this week. “I’m proud to join the ranks of Texas bitcoin miners,” he added. Cruz is an ardent advocate […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Andrew Tate Plans to Invest Big in Bitcoin, Leaving Fiat Completely

May 17, 2024 Bitcoin.com

Andrew Tate

Andrew Tate, a British-American social media personality and former professional kickboxer, has announced a plan to invest significantly in bitcoin, expressing frustration with banks and their scams. “I’m about to leave fiat completely,” he stressed. “I’m done with the banks. I’m done with their money. Done with the scams.” Andrew Tate Plans to Shift ‘100M’ […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Microstrategy Boosts Bitcoin Holdings to 214,400 BTC With Latest Purchase

April 29, 2024 Bitcoin.com

Bitcoin

Microstrategy, the Nasdaq-listed software intelligence firm and “the world’s first bitcoin development company,” has disclosed that it now holds 214,400 bitcoins after the latest purchase. “We acquired 25,250 additional bitcoins since the end of the fourth quarter, our 14th consecutive quarter of adding more bitcoin to our balance sheet,” said the company’s chief financial officer. […]

Bitcoin investment

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