Breaking News: MINING COMPANIES – Market Insights, Analysis & Latest Updates

The Daily: Bitcoin hits new all-time high, Ripple's RLUSD set to launch, MicroStrategy's latest BTC acquisitions and more

Ripple will launch its U.S. dollar-pegged stablecoin RLUSD on Tuesday, initially available on the XRP Ledger and Ethereum networks. Business intelligence firm and corporate bitcoin holder MicroStrategy has acquired another 15,350 BTC for $1.5 billion, raising its total holdings to 439,000 BTC worth over $46 billion. Aave contributor Marc Zeller has proposed phasing out its decentralized lending services on Polygon’s PoS chain due to perceived risks from Polygon’s recent proposal to use over $1 billion in bridge stablecoins for yield generation. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 16/12/2024 - 18:38 PM

MINING COMPANIES

Riot Platforms increases its bitcoin holdings by over 5,000 BTC

Riot Platforms acquired 5,117 bitcoin for $510 million, raising total holdings to 16,728. Stock price increased over 7% amid losses and activist investor interest.

theblock.co • 13/12/2024 - 16:08 PM

MARA's bitcoin holdings approach $4 billion following miner's latest acquisitions

MARA acquires 11,774 BTC for $1.1 billion, increasing total holdings to 40,435 BTC, while adopting a HODL strategy despite reporting significant losses in Q3.

theblock.co • 10/12/2024 - 14:39 PM

MARA proposes $700 million convertible senior note offering to buy more bitcoin

MARA proposed another $700 million convertible senior note offering on Monday to repurchase a portion of its existing notes and to acquire more bitcoin. The bitcoin miner also announced its November production update, mining 907 BTC and acquiring 6,474 BTC during the month to reach total holdings of 34,959 BTC.

theblock.co • 02/12/2024 - 13:46 PM

The Daily: Hyperliquid set for HYPE token launch, MARA purchases $615 million in bitcoin and more

Decentralized perpetual trading platform and Layer 1 chain Hyperliquid is set to launch its HYPE token on Friday during a genesis event at 2:30 a.m. ET. Bitcoin miner MARA has acquired another 6,474 BTC, valued at around $615 million, boosting its total holdings to 34,794 BTC worth $3.3 billion — the largest of all public miners. Defunct centralized crypto lender Celsius is distributing $127 million in cash or cryptocurrency to creditors in its second bankruptcy payout. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 28/11/2024 - 15:16 PM

MARA purchases $615 million worth of bitcoin, boosting total holdings to 34,794 BTC

MARA Holdings has acquired 6,474 bitcoin this month following the closing of its $1 billion offering of convertible notes. MARA’s stock closed up 7.81% at $26.92 on Wednesday.

theblock.co • 28/11/2024 - 05:54 AM

The Daily: Trump nominates pro-bitcoin Lutnick for Commerce Secretary, Metaplanet shares jump 15% after latest BTC acquisition and more

President-elect Donald Trump has nominated the crypto-friendly Howard Lutnick to lead the U.S. Department of Commerce. Shares in the Japanese investment firm Metaplanet gained more than 15% on Tuesday after the company announced its latest bitcoin acquisition. Tokenization firm Securitize has introduced the “sToken,” a new way to gain liquidity from real-world assets while still earning a yield, using the ERC-4626 token standard. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 19/11/2024 - 20:31 PM

BIT Mining settles with DOJ, SEC for $10 million over Japanese bribery charges

BIT Mining agrees to pay $10 million to settle bribery investigations related to Japanese officials, addressing violations of anti-corruption laws under a deferred prosecution agreement.

theblock.co • 19/11/2024 - 10:55 AM

MINING COMPANIES

MARA announces $700 million convertible notes sale, intention to acquire more bitcoin

MARA Holdings announces a $700 million convertible notes offering to repurchase existing notes and acquire bitcoin, with 2030 maturity and a focus on corporate purposes.

theblock.co • 18/11/2024 - 13:18 PM

Bernstein outlines $200,000 bitcoin target catalysts as price nears fresh all-time high

Bernstein analysts predict bitcoin could reach $200,000 by 2025 due to political changes, regulatory adjustments, and increasing demand from institutions and retail investors.

theblock.co • 18/11/2024 - 11:20 AM

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