Features News Today TheBitTimes.Com

Michael Saylor’s MicroStrategy (MSTR) has raised an additional $3 billion to fund a new mass Bitcoin purchase, Saylor announced Thursday. According to Saylor, Microstrategy completed a $3 billion offering of convertible notes at 0% coupon and 55% premium, with an implied strike price of $672. JUST IN: MicroStrategy raises $3,000,000,000 to purchase more #Bitcoin. — Watcher.Guru (@WatcherGuru) November 21, 2024 Microstrategy, a renowned business intelligence and IB tool firm, is capitalizing big off the brewing Bitcoin boom. Michael Saylor’s Bitcoin strategy was viewed by many as a key reason for the stock’s performance. He has reflected that strategy into MSTR, spreading the profits and joys that come with being a Bitcoin holder in November 2024. According to MicroStrategy’s press release Thursday, the aggregate principal amount of the notes sold in the offering was $3 billion. It includes $400 million aggregate principal amount of notes issued pursuant to an option to...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ithaca Finance, a decentralized finance (defi) startup building composable options infrastructure, has raised $2.5 million in a pre-seed funding round.  The round was co-led by crypto trading firm Cumberland and venture capital firm Wintermute Ventures. Ithaca aims to bring more options trading volume on -chain and meet the growing demand for structured products in crypto markets.  Now, in testing on Arbitrum, its protocol uses an algorithmic market maker model to bootstrap liquidity. Commenting, Ithaca CEO Dimitrios Kavvathas said: “We are truly grateful for our investors’ support and are looking forward to revolutionizing the digital asset options trading landscape with their guidance and partnership.” Kavvathas previously held leadership roles at Goldman Sachs, Deutsche Bank, and crypto lender Ambe...