Crypto Biz: Circle prepares to debut on Wall Street

September 20, 2024 Coin Telegraph

BitGo

Stablecoin issuer Circle is moving forward with its public offering debut and plans to shift its headquarters to Wall Street in 2025.

Stablecoin issuer Circle is moving forward with its initial public offering (IPO) debut and plans to shift its headquarters to Wall Street in 2025, according to CEO and founder Jeremy Allaire.

Circle filed for an IPO in January, pending the approval of the United States Securities and Exchange Commission.

In another strategic move to strengthen its USD Coin (USDC) as a regulated version of the digital US dollar, Circle has recently integrated its stablecoin with the national banking systems of Brazil and Mexico. The integration will give businesses in both countries real-time access to USDC through local financial institutions.

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Cathedra Bitcoin Announces Non-Brokered LIFE Offering to Purchase BTC

September 20, 2024 Bitcoin.com

Bitcoin acquisition

Cathedra Bitcoin Inc. has unveiled a non-brokered private placement aimed at raising up to C$2.5 million ($1.85 million). The funds will be used for bitcoin purchases, infrastructure expansion, and general corporate needs. Cathedra Bitcoin’s Bold Private Raise Cathedra (TSX-V: CBIT; OTC: CBTTF) has recently shifted its focus away from bitcoin mining, opting to prioritize bitcoin […]

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BTC Miner Cathedra Shifts Focus to Bitcoin Acquisition Strategy

September 18, 2024 Bitcoin.com

Bitcoin acquisition

Cathedra Bitcoin Inc. has announced a significant shift in its corporate strategy, moving away from bitcoin mining to focus on growing its bitcoin holdings. The company aims to increase its shareholders’ bitcoin per share through a strategy similar to that of Microstrategy, which has gained recognition for its bitcoin acquisition policy. Cathedra Bitcoin Ditches Mining […]

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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.”

Cathedra Bitcoin

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