Wednesday, December 09, 2020 7:38:16 AM
MicroStrategy, a software manufacturer, wants to raise $400 million for investing in Bitcoin. Previously, the company invested $475 million to purchase the main cryptocurrency. The software manufacturer has released a statement about plans to issue convertible bonds. The maturity date for them is set until December 15, 2025. The securities will be available only to qualified institutional investors. In 2020, MicroStrategy bought BTC several times. In August, the manufacturer invested $ 50 million in the first crypto coin. The next month, the share of the company's crypto assets increased by another $175 million. In early December, Michael Taylor, the CEO of MicroStrategy, wrote on Twitter that the company acquired 2,574 bitcoins for $50 million. Currently, the software manufacturer owns 40,824 BTC.
One of the Ripple creators sold almost 30 million XRP
Jed McCaleb, one of the founders of Ripple, sold another 29.5 million XRP. After leaving the Ripple project, the businessman received 9 billion XRP tokens. Six years ago, he announced that he plans to liquidate these crypto assets. After a lengthy conflict with Ripple Labs over this, McCaleb entered into an agreement with former partners. According to the document, the entrepreneur was able to sell XRP by tying them to the global trading volume. Under the terms of the agreement, McCaleb was entitled to sell up to 1.5% of the world's XRP trading volume daily. It is important to consider that XRP reached a new all-time high in November. Therefore, the speed with which an entrepreneur began to get rid of crypto assets could negatively affect the market. “After the radical increase in XRP volume (according to CMC) it only made sense that Jed would increase his sales, as per his deal with Ripple. Today 9.9 million XRP were sold, making it a new ATH of Jed sales. At this rate, Jed's 3.836B will run out after 387 days”, says cryptoexpert Leonidas Hadjiloizou, ”said Leonidas Hadzhiloizu. McCaleb owns about 3.7 billion tokens.
Recent EOSUSD News
- Keeping Up With The Memecoins: Caitlyn Jenner’s New Token Surges 50,000% Amid Controversy • NEWSBTC • 05/27/2024 10:00:53 PM
- ‘I’m Fine With It’: Donald Trump, a Former Digital Asset Skeptic, Continues To Court the Crypto Vote • The Daily Hodl • 05/10/2024 06:45:14 PM
- Render Soars 50% In 1 Week: Whales Accumulating As Apple Jumps In • NEWSBTC • 05/09/2024 01:00:54 AM
- Elaborate Elon Musk deepfake crypto fraud uncovered in Hong Kong • Cointelegraph • 05/08/2024 11:47:21 AM
- Biden’s Homeland Security team taps tech elite for AI defense board • Cointelegraph • 04/26/2024 07:55:47 PM
- SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud • Cointelegraph • 04/26/2024 05:49:09 AM
- Raise a Glass to ENO: ENO’s New Era of Wine, NFTs, and Social Connectivity • NEWSBTC • 04/25/2024 06:08:36 PM
- Healix Protocol’s HLX Token Presale Soars as Former Crypto Giants Return • ZyCrypto • 04/09/2024 02:39:13 PM
- History of Crypto: The ICO Boom and Ethereum's Evolution • Cointelegraph • 04/02/2024 04:05:00 PM
- Apple co-founder wins major verdict against YouTube in Bitcoin scam lawsuit • Cointelegraph • 03/20/2024 10:28:49 AM
- Bitcoin Mining Firm CEO Predicts Start Of ‘Supercycle’, What It Means • NEWSBTC • 03/05/2024 05:00:37 PM
- Two AI-Related Crypto Assets Rally As OpenAI Launches Text-to-Video Artificial Intelligence Model • The Daily Hodl • 02/18/2024 01:00:35 AM
- Ordinals Could Create Completely Different Bitcoin Ecosystem, Says Binance Research – Here’s Why • The Daily Hodl • 02/11/2024 09:00:12 PM
- Prosecutors call for hearing over lawyers representing Sam Bankman-Fried and Alex Mashinsky • Cointelegraph • 02/07/2024 04:29:30 PM
- How To Create And Mint Your Own NFTs On The Ethereum Network • NEWSBTC • 02/04/2024 09:00:37 AM
- Algorand Foundation CEO’s X Account Compromised As Spree of Crypto Social Media Hacks Continue • The Daily Hodl • 01/27/2024 09:00:09 PM
- Google releases AI realistic text-to-video generator 'Lumiere' • Cointelegraph • 01/25/2024 02:00:00 PM
- Crypto Analyst Predicts Potential Trend For Bitcoin As Price Slips • NEWSBTC • 01/19/2024 05:00:07 PM
- Bitcoin Bearish Forecast: Analyst Signals Continued Downfall • NEWSBTC • 01/16/2024 11:30:14 AM
- Crypto Research Firm Says ‘Sell All Your Cardano (ADA)’, Here’s Why • NEWSBTC • 01/16/2024 08:30:50 AM
- 1 in 4 CEOs expect to sack staff due to AI this year — PwC survey • Cointelegraph • 01/16/2024 06:23:07 AM
- Michael Saylor has been removing 80 deep fake videos of himself daily • Cointelegraph • 01/15/2024 06:07:54 AM
- Web3 Projects Lose $2,020,000,000 in 2023 to Hacks, Rug Pulls and Phishing Attacks: Crypto Security Firm • The Daily Hodl • 12/30/2023 09:00:39 PM
- Crypto Analyst Predicts Major Price Shift For Cardano (ADA) • NEWSBTC • 12/28/2023 03:30:10 PM
- A Crypto Christmas Special With Jlabs Digital: Past, Present, And Future • NEWSBTC • 12/25/2023 06:01:05 PM
Green Leaf Innovations, Inc. Engages Olayinka Oyebola & Co for Two-Year Audit • GRLF • May 28, 2024 8:30 AM
HealthLynked Introduces AI-Powered Chat Function to Enhance Healthcare Accessibility • HLYK • May 28, 2024 8:00 AM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM