MicroStrategy Reveals Pricing of Convertible Senior Notes Offering
MicroStrategy disclosed the pricing of its convertible senior notes offering to $700 million and revealed proceeds from the sale will be used to buy additional BTC. The notes will be sold in a private offering to qualified institutional purchasers under Rule 144A of the Securities Act of 1933, as stated in an official press release. […]
Cboe Set to Introduce Margined Bitcoin and Ethereum Futures
Futures products for Bitcoin and Ethereum are scheduled to debut on the Chicago Board of Options Exchange (Cboe) in January 2024. Cboe, also known as Chicago Board Options Exchange, has announced that it intends to offer margined Bitcoin and Ethereum futures contracts to its crypto clientele on January 11, 2024. This endeavor has garnered the […]
Will XRP Ever Overtake Bitcoin?
Explore the battle for crypto dominance as we delve into Bitcoin and XRP’s trajectories, technological differences, and potential futures. Who will reign supreme? Will XRP Ever Overtake Bitcoin? In the ever-evolving world of cryptocurrencies, Bitcoin has long been the reigning champion, holding its top spot with seemingly unshakeable dominance. However, among the myriad of altcoins […]
GBTC Discount Hits Two-Year Low as SEC Skips Appeal
The GBTC discount to NAV has dropped below 16% for the first time since December 2021, as the SEC fails to appeal against the recent Grayscale ruling. The court will now likely instruct the SEC to re-evaluate Grayscale’s application to convert its GBTC product to a spot bitcoin ETF. The Grayscale Bitcoin Trust (GBTC) discount […]
Inactive Addresses Bitcoin Supply Hit All-Time High
On-chain data indicates that Bitcoin holders are amassing BTC, as the proportion of inactive BTC supply reaches all-time highs across one-, three- and five-year time domains. According to the Bitcoin supply, the last active chart on Glassnode, inactive BTC that has not moved from an address for more than one, three, and five years, has […]