Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham

October 23, 2024 Coin Telegraph

Tesla likely still owns 0M in Bitcoin despite recent shuffle: Arkham

Tesla’s massive Bitcoin transfers initially sparked fears of a market dump, but Arkham's data suggests the assets are still under the firm's control.

Electric car manufacturer Tesla likely still owns its entire Bitcoin stash worth $780 million despite transferring all the funds to unidentified wallets on Oct. 15, according to a blockchain analytics firm.

“We believe that the Tesla wallet movements that we reported on last week were wallet rotations with the Bitcoin still owned by Tesla,” Arkham Intelligence said in an Oct. 22 X post.

Tesla split the 11,509 Bitcoin between seven wallets holding between 1,100 and 2,200 BTC on Oct. 15, Arkham noted. Wallet addresses “1Fnhp” and “1LERL” received the largest batches worth $142.2 million and $128.1 million, respectively.

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Bitcoin to have ‘crazy decade’ as global wealth managers dive in

October 11, 2024 Coin Telegraph

Bitcoin

Cointelegraph spoke with Riot Platforms’ Pierre Rochard and Metaplanet’s Dylan LeClaire at the Bitcoin Amsterdam 2024 conference.

While some investors may see Bitcoin’s current prices as a peak for the asset, industry professionals say that the crypto asset will continue to surprise investors as more global wealth managers allocate funds to BTC.

In an interview with Cointelegraph managing editor Gareth Jenkinson, Pierre Rochard, the vice president of research at Riot Platforms, and Dylan LeClaire, the director of Bitcoin Strategy at Metaplanet, shared their thoughts on what lies ahead for Bitcoin (BTC).

Speaking to Cointelegraph at the Bitcoin Amsterdam 2024 conference, Rochard said there’s a misleading narrative that Bitcoin gains are in the past. The executive said that from a global wealth balance sheet perspective, Bitcoin adoption is “still less than 1%.” He explained:

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Bitfarms, Riot settle dispute with board changes

September 23, 2024 Coin Telegraph

Bitfarms

Bitfarms’ board will see Andrés Finkielsztain step down, while Amy Freedman and a sixth member will join the board.

Bitcoin miners Bitfarms and Riot Platforms have reached a settlement that ends a months-long conflict over governance.

Andrés Finkielsztain will step down from Bitfarms’ board of directors as part of the settlement agreement. In addition, Amy Freedman will join the board, and Riot Platforms will withdraw its proposal for further board changes ahead of the upcoming special shareholder meeting.

According to a Sept. 23 announcement, the companies also agreed to a standstill arrangement lasting until 2026. Riot — which owns a substantial stake in Bitfarms — has agreed not to take any further hostile actions toward the company, including another takeover, increasing its stake above a certain threshold, or proposing changes to Bitfarms’ board.

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Bitcoin Miners Riot and Bitfarms Reach Settlement Ahead of Shareholder Meeting

September 23, 2024 Bitcoin.com

Amy Freedman

Riot Platforms and Bitfarms have resolved their dispute following a settlement agreement detailed in a joint announcement on Sept. 23, 2024. The agreement, which was filed with the U.S. Securities and Exchange Commission (SEC), comes ahead of Bitfarms’ special shareholder meeting on Nov. 6, 2024. Riot Withdraws Bid to Restructure Bitfarms’ Board in Settlement Deal […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Bitfarms Hits Back at Riot Platforms’ Alleged Misleading Claims

September 6, 2024 Bitcoin.com

acquisition attempt

Bitcoin mining firm Bitfarms has responded to Riot Platforms’ allegedly misleading statements about a special meeting and potential acquisition. Bitfarms claimed that Riot refused to engage constructively and is attempting to buy Bitfarms at a discount for its own shareholders’ benefit. The board will review Riot’s proposal but shareholders do not need to take any […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm

September 2, 2024 Bitcoin.com

Bankruptcy

Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $30 million in dollars or 500 bitcoin. […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Bitfarms Reveals Leadership Changes Amid Ongoing Conflict With Riot Platforms

August 14, 2024 Bitcoin.com

Acquisition

Bitfarms Ltd. has announced significant changes to its board of directors and executive team as the company continues to navigate a takeover bid and governance dispute with Riot Platforms Inc. The latest leadership updates include the appointment of CEO Ben Gagnon to the board and the resignation of co-founder and chairman Nicolas Bonta. Bitfarms Restructures […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Marathon Digital shares plunge 8% after Q2 revenue miss estimates

August 2, 2024 Coin Telegraph

Coin Telegraph

Marathon Digital has missed consensus estimates for the second quarter in a row, though its year-on-year performance has risen by 78%.

United States-listed Bitcoin miner Marathon Digital shares fell 8% after filing its second quarter earnings, which fell short of Wall Street expectations.

Marathon reported revenue of $145.1 million in the second quarter, roughly 9% lower than the $157.9 million that analysts had anticipated, according to Yahoo Finance data.

The shortfall occurred despite a year-on-year revenue increase of 78% from $81.7 million in Q2 2023, according to its earnings report published on August 1.

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Riot Platforms’ Bid Spurs Special Shareholders Meeting at Bitfarms

July 12, 2024 Bitcoin.com

acquisition attempt

Bitfarms Ltd. has scheduled a special shareholders meeting for Oct. 29, 2024, in response to a requisition from Riot Platforms, Inc. The announcement on Friday claims Riot aims to disrupt Bitfarms’ ongoing strategic review process and acquire the company. The special committee of independent directors, after extensive deliberation and advice from financial and legal advisors, […]

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Riot Platforms Proposes Comprehensive Plan to Improve Bitfarms

July 9, 2024 Bitcoin.com

Bitcoin

Riot Platforms Inc. (Nasdaq: RIOT) has proposed a comprehensive plan to improve Bitfarms Ltd. (Nasdaq: BITF) and has launched a website to detail this strategy. As part of its efforts to acquire Bitfarms, Riot has called for a special shareholders’ meeting to nominate three new directors: John Delaney, Amy Freedman, and Ralph Goehring, who bring […]

Riot Platforms

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