MARA, Holder of Nearly $6B BTC, Raises $950M to Buy More Bitcoin

Bitcoin mining company MARA Holdings (MARA) has completed a $950 million offering of 0.00% convertible senior notes due 2032, with the majority of proceeds earmarked to purchase additional bitcoin. The offering, which could expand to $1.15 billion if underwriters exercise their option in full, MARA announced on Monday. Net...
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BitMine Immersion Sets Up to $1B Buyback as Share Price Cools

Ether treasury firm BitMine Immersion Technologies (BMNR) has said it will repurchase up to $1 billion of its outstanding shares as part of a new open-ended buyback program approved by its board. The move comes as BitMine’s crypto and cash holdings have ballooned to $2.77 billion, including 625,000 ETH...
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Coinbase Reaps Growing Rewards from Circle Ties and USDC Economics: JPMorgan

Coinbase’s (COIN) partnership with Circle (CRCL) and exposure to Circle’s USDC stablecoin is generating significant financial upside, both through equity appreciation and high-margin revenue streams, according to a new report from Wall Street bank JPMorgan. The total value of Circle-related economics to Coinbase shareholders is estimated at $55 to...
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ECB Says U.S.-Backed Stablecoin Use in EU Could Weaken Its Monetary Autonomy

Widespread use of U.S. dollar-denominated stablecoins in the European Union (EU) for payments or settlement could damage the European Central Bank’s control over monetary conditions, an ECB adviser said. If U.S.-backed stablecoins, digital assets that are backed by the dollar, gain traction for use in the EU, the effect...
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Take Note XRP Traders: This Leveraged ETF Is ‘Designed To Be Traded Each Day’

Sal Gilbertie, President of Teucrium Trading on Monday outlined the growing momentum behind cryptocurrency ETFs, especially those beyond Bitcoin (CRYPTO: BTC). What Happened: Speaking with CNBC, Gilbertie emphasized that regulatory openness and surging investor interest are accelerating the arrival of new, specialized crypto funds. With regards to the success...
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