Search results for The Smarter Web Company
Crypto
U.S., UK listed companies sell bitcoin to repay $31.7 million in debt
Two listed companies in the United States and Britain sold a combined 511 bitcoin and repaid about $31.7 million of debt a day apart. U.S. battery technology firm KULR Technology Group sold about 333 bitcoin to repay a $20 million Coinbase credit facility principal, with unpaid interest due in August. The Smarter Web Company sold 177.8909127 bitcoin to redeem a convertible bond due Aug. 5, avoiding potential issuance of 7,718,551 shares.
Crypto
UK bitcoin treasury firm Satsuma sells all BTC, moves toward delisting
UK bitcoin treasury firm Satsuma Technology will sell all 668 bitcoin it holds and wind down the business, less than a year after adopting bitcoin holdings as a core strategy. Shareholders approved the sale and a London Stock Exchange delisting with more than 90 percent support. After selling about $43.5 million of bitcoin, the company plans to refund remaining funds via a UK “B share scheme”, projecting payouts of 26.8 million to 30.0 million pounds after costs.
Crypto
SME firms buy 603 bitcoin during market dip as Strategy pauses purchases
Mid-sized bitcoin treasury firms stepped up buying during a market correction while major buyer Strategy paused purchases, according to Cointelegraph. The firms added a combined 602.6 bitcoin last week, worth about $46 million, with buying concentrated below $80,000. Strive bought 381.6 bitcoin, DDC Enterprise Limited added 200 and The Smarter Web Company purchased 19. Hyperscale Data bought 2. Spot bitcoin ETFs saw six straight sessions of net outflows totalling $1.54 billion through Friday.