Grayscale completes reverse share splits of Bitcoin and Ether ETFs

November 20, 2024 Coin Telegraph

Bitcoin

As a result of the reverse share splits, the Grayscale Bitcoin Mini Trust ETF and Grayscale Ethereum Mini Trust ETF are set to see 5x and 10x price increases, respectively.

Grayscale Investments, one of the world’s largest Bitcoin exchange-traded fund (ETF) issuers, is making moves to improve the cost efficiency of its crypto ETFs through reverse share splits.

On Nov. 19, Grayscale completed reverse share splits of its two crypto ETFs, the Grayscale Bitcoin Mini Trust ETF (BTC) and Grayscale Ethereum Mini Trust ETF (ETH).

Grayscale said the reverse share splits for the ETFs are designed to make the trading of securities more “cost-effective.”

MicroStrategy completes billion convertible notes offering to buy more Bitcoin

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

MicroStrategy buys $4.6B of Bitcoin as price hits new highs

November 18, 2024 Coin Telegraph

MicroStrategy buys .6B of Bitcoin as price hits new highs

All time high

MicroStrategy acquired an additional 51,780 BTC worth $4.6 billion, boosting its total holdings to 331,200 Bitcoin as BTC prices hit record highs above $92,400.

MicroStrategy, one of the world’s largest public holders of Bitcoin, continued stacking BTC even as the cryptocurrency broke new highs.

On Nov. 18, MicroStrategy announced it purchased 51,780 Bitcoin (BTC) for about $4.6 billion at an average price of $88,627 per BTC.

With the latest acquisition, MicroStrategy’s total Bitcoin holdings have grown to 331,200 BTC, purchased at an aggregate cost of $16.5 billion. The average price per Bitcoin across all purchases is $49,874.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

MicroStrategy buys $2B in Bitcoin, boosts holdings to $23B

November 11, 2024 Coin Telegraph

Bitcoin

MicroStrategy’s latest announcement shows that its Bitcoin holdings have reached 279,420 BTC, worth almost $23 billion.

While some investors hold back from buying Bitcoin when it reaches new highs, MicroStrategy has doubled down, demonstrating a strong commitment to the cryptocurrency.

In a Nov. 11 announcement, the business intelligence firm turned Bitcoin (BTC) investor said it bought 27,200 Bitcoin for about $2.03 billion in cash. MicroStrategy purchased the coins between Oct. 31 and Nov. 10, at an average price of $74,463 per BTC, including fees and expenses.

With the latest purchase, the company now holds a total of 279,420 BTC, worth nearly $23 billion at current market prices.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Crypto stocks close on huge gains riding Donald Trump’s US election win

November 7, 2024 Coin Telegraph

Bitcoin

Traders have seized on optimism that the more pro-crypto Republicans could also win a majority in Congress after the party won the Senate and the White House.

United States crypto stocks ended the trading day on massive gains — most at double-digits — after a sweeping election win by Donald Trump and a new Bitcoin all-time high.

Crypto exchange Coinbase Global Inc (COIN), one of the biggest donors in the election cycle, saw the biggest gain on Nov. 6, closing up 31.11% at $254.3, now up 62.1% so far this year, according to Google Finance.

The popular trading house Robinhood Markets Inc (HOOD) also jumped 19.6% on the day, as did Bitcoin (BTC) miner MARA Holdings Inc (MARA) — formerly Marathon Digital. The BTC buying MicroStrategy Inc (MSTR) also closed up over 13%.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Alphabet jumps 6% on Q3 earnings as CEO says AI bet is ‘paying off’

October 30, 2024 Coin Telegraph

Alphabet and Google CEO Sundar Pichai said its AI business is “paying off” as the tech giant’s share price surged after the bell as it beat Wall Street estimates.

Google’s parent company Alphabet Inc. (GOOG) saw its share price jump 5.9% after-hours as its third-quarter results beat Wall Street earnings and revenue estimates — boosted by its artificial intelligence business.

GOOG closed up 1.66% on Oct. 29 at $171.14, continuing to climb after the bell to $181.22, according to Yahoo Finance. Its share price is up 21.73% year-to-date.

The tech giant’s Q3 revenues hit $88.27 billion, rising 15% from the same quarter a year ago and beating Wall Street estimates by 2.2%.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Cathie Wood’s ARK resumes Coinbase buying as BTC drops below $50K

August 6, 2024 Coin Telegraph

Cathie Wood’s ARK resumes Coinbase buying as BTC drops below K

ARK Innovation ETF

ARK Invest is back to buying the Coinbase stock after a long selling period. On Aug. 5, ARK bagged 93,797 shares of the crypto exchange for $17.8 million.

Update Aug. 6, 11:40 am UTC: The article has been updated to reflect the correct number of shares bought by ARK Invest on Aug. 5.

Cathie Wood’s investment firm ARK Invest is back to buying the Coinbase stock amid a major market sell-off, with Bitcoin briefly dropping below $50,000.

On Aug. 5, ARK purchased 93,797 Coinbase shares, resuming buying after a long period of dumping the stock in 2024.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

ARK buys $21M of 3iQ Ether staking ETF, dumps $14.6M of Coinbase stock

August 2, 2024 Coin Telegraph

ARK buys M of 3iQ Ether staking ETF, dumps .6M of Coinbase stock

3iq

Cathie Wood’s ARK has resumed active trading of crypto-related stocks like Coinbase, 3iQ Ether staking ETF, Robinhood and its own spot Bitcoin ETF.

Cryptocurrency-related trades are again gathering steam at Cathie Wood’s investment firm ARK Invest as it returned to trading tens of millions of dollars in crypto-related stocks and exchange-traded funds (ETF) in one day.

After resuming significant sales of Coinbase stock in July, ARK increased it’s sales selling in August, dumping 69,069 Coinbase shares on Aug. 1, according to trading data seen by Cointelegraph. Based on the stock’s closing price, the amount is worth $14.7 million, according to data from TradingView.

The transaction is ARK’s biggest Coinbase sale since early April and late March when the firm dumped around 60,000 Coinbase shares daily.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Hong Kong’s Largest Online Broker Launches Retail Crypto Trading for 22 Million Users

August 2, 2024 Bitcoin.com

Bitcoin

Futu Securities International, Hong Kong’s largest online broker with 21.64 million users, has launched retail cryptocurrency trading. Hong Kong residents can now trade bitcoin and ether in either Hong Kong or U.S. dollars directly through Futu’s platform. “We are actively working on expanding our crypto offerings in the near future,” the company said. Last month, […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Cathie Wood’s Ark sells $2.7M Coinbase shares as BTC fails $70K retest

August 1, 2024 Coin Telegraph

Cathie Wood’s Ark sells .7M Coinbase shares as BTC fails K retest

Ark Invest

Cathie Wood’s crypto investment firm ARK resumed selling the Coinbase stock amid the Bitcoin price push in July.

ARK Invest — one of 10 issuers of spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States — is taking profits from its Coinbase stash amid BTC’s failure to retest $70,000.

Cathie Wood’s crypto investment firm ARK has resumed selling Coinbase (COIN) stock, with its ARK Next Generation Internet ETF (ARKW) offloading 12,077 COIN shares on July 31, according to trade notification seen by Cointelegraph.

According to data from TradingView, the amount was worth $2.7 million at the time of the sale, with COIN closing at $224 on July 31.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Bitcoin Miner Argo Blockchain Secures $8.3 Million From an Institutional Investor

July 31, 2024 Bitcoin.com

Argo

Bitcoin miner Argo Blockchain has announced a private placement of its ordinary shares and accompanying warrants to an institutional investor. The transaction is expected to generate gross proceeds of approximately £6.5 million ($8.3 million). Argo Blockchain Announces $8.3 Million Private Placement According to the announcement, the bitcoin miner Argo Blockchain (Nasdaq: ARBK) will issue 57.8 […]

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