Strategy, the largest corporate holder of Bitcoin, plans to buy back about $1.5 billion of its 0% Convertible Senior Notes due 2029 at a discount. The company will spend around $1.38 billion in cash to repurchase these notes below their original value, aiming to reduce future liabilities and strengthen its balance sheet. The notes were issued in 2024 with a 0% interest rate and a conversion price far above the current stock price, making conversion unlikely. The transaction is expected to close around May 19, financed by cash reserves, equity sales, and possibly Bitcoin sales, reflecting Strategy's focus on managing capital amid volatile crypto markets.
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
Ethereum is gaining strength, trading near $1,920 after surpassing its 26-day and 50-day EMAs, signaling renewed buying interest. The next key resistance is the 100-day EMA at around $1,944; a daily close above this could lead Ethereum toward the 200...
Bitcoin (BTC) is showing signs of recovery after a prolonged downtrend, breaking above its 26-day and 50-day exponential moving averages (EMAs) near $63,400 and $64,100 respectively. This technical rebound suggests strengthening short-term momentum a...
ETHSystems, a new Ethereum-focused non-profit backed by Bitmine Immersion Technologies and Ethereum co-founder Joe Lubin, aims to enhance privacy on the Ethereum network for institutional use. This marks the third non-profit stepping in as the Ethere...
Lockheed Martin Ventures, the $1 billion venture capital arm of Lockheed Martin, is expanding into the UK and Europe with a new London office. It plans to invest at least $100 million in defense technology startups to strengthen transatlantic defense...
