Strategy, formerly MicroStrategy, announced it has zero net debt with cash reserves nearly matching its $6.75 billion convertible debt, eliminating forced Bitcoin selling risk. CEO Phong Le stated the company can cover all liabilities without selling Bitcoin, thanks to $6.69 billion in liquidity and favorable debt terms without margin-call triggers. The recent $2 billion equity raise bolstered cash reserves, supporting dividend obligations and reducing reliance on asset sales. This strong financial position reduces downside risk for shareholders and stabilizes the broader crypto market by removing a major forced seller.
Bitcoin rose by 0.75% to exceed $85,000, while Ether increased by 0.2% to pass $2,700, reaching significant price thresholds for both cryptocurrencies. These gains reflect positive momentum in the crypto market, highlighting investor confidence in Bi...
Australian small caps declined with the S&P/ASX Small Ordinaries Index dropping 1.36% on Friday. Despite the broader market weakness, Critical Resources secured a 90% interest in the Greenstars Gold Project in Suriname, expanding its gold portfolio. ...
A fraudulent network impersonating GIWA Chain transferred about 766.25 Ether (ETH) from a cross-chain bridge. DYORSWAP, the platform involved, reimbursed affected users with over 200 ETH using its own funds. The incident was caused by the fake networ...
Grayscale has filed with the SEC to launch The ZCSH High Income ETF, which aims to generate recurring cash distributions by trading options on Zcash exchange-traded products rather than holding the cryptocurrency directly. The fund plans to use a str...
Quant (QNT) surged over 85% to above $285 after announcing its role in The Clearing House's on-chain money initiative. Quant will provide the interoperability and transaction management layer connecting the initiative with existing fiat payment syste...
