Search results for Net asset value
Crypto
Famous short seller says $80 billion arbitrage opportunity between Strategy and bitcoin
Short seller James Chanos said there is an arbitrage opportunity of up to $80 billion between Strategy and bitcoin, arguing the company’s stock trades at a significant gap to the value of its bitcoin holdings. He said Strategy should not be treated as economically identical to bitcoin because investors also take on exposure to the company’s debt, preferred securities, financing costs, software business and management decisions.
Crypto
Evernode reworks Nasdaq listing terms as XRP nears $1
Evernode Holdings, a crypto treasury company backed by Ripple, has revised the terms of a Nasdaq listing worth more than $1 billion to reflect XRP\'s price decline, U.Today reported. The firm redesigned its SPAC merger structure to link valuation to XRP\'s volume-weighted average price at closing rather than a fixed assumption. It will keep a $10 share issue price but reduce shares issued and increase XRP backing per share. Investors and partners approved the changes.
Crypto
Strategy CEO says company to resume bitcoin accumulation this year, stresses net buying stance
Strategy said it will resume accumulating bitcoin this year, seeking to ease doubts after it sold some of its holdings. CEO Phong Le said the company bought about 175,000 BTC this year and sold about 7,000, leaving it a major net buyer. Strategy holds more than 840,000 BTC but has sold bitcoin four times since May, using proceeds for preferred dividends, buybacks and dollar reserves.
-
Crypto
S&P gives BlackRock tokenised reserve fund top stability rating
-
Finance
KOSPI drops 5 percent a day after record rebound, raising questions over August outlook
-
Crypto
Twenty One CEO says limits to bitcoin holdings strategy, \'free money\' will not last
-
Finance
Investment industry takes voluntary steps on single-stock leverage ETFs, spreads rebalancing and cuts LP trading
-
Crypto
Hashdex ETF introduces staking rewards, investors paid only above threshold
-
Finance
Single-stock leverage ETF margin raised to 30 million won from July 31
-
Crypto
Grayscale says bitcoin may have bottomed earlier than four-year cycle
-
Crypto
UK bitcoin treasury firm Satsuma sells all BTC, moves toward delisting
-
Finance
KOSPI slides to 6,500 as top chip stocks tumble; KOSDAQ down more than 5 percent
-
Crypto
Theo becomes first crypto-native platform to allocate funds to Fidelity tokenised fund
-
Crypto
Bitwise CIO says STRC plunge may signal bitcoin bottom; fall rally possible
-
Crypto
Strategy may be urged to sell $3 billion worth of bitcoin as STRC dividend burden grows
-
Crypto
Invesco files to launch onchain money market fund for stablecoin reserves
-
Crypto
Peter Schiff says Strategy collapse has begun, takes aim at Michael Saylor
-
Finance
Leveraged ETF overheating and SpaceX row put investment industry on edge