Bitcoin Treasury NAV Crash Opens Rare Entry Point
The Net Asset Value (NAV) of major Bitcoin treasury firms has seen a dramatic collapse, marking what 10x Research calls the “end of the age of financial magic.” In a report shared with Cointelegraph on Friday, analysts said that while the drop has erased billions in paper wealth, it also
MARA Raises $850M to Boost Bitcoin Treasury
MARA Holdings, the world’s largest Bitcoin miner, is raising $850 million through a private offering of zero-coupon convertible senior notes due 2032. The Miami-based company also expects to offer an additional $150 million to initial purchasers, potentially increasing the total raise to $1 billion. The funds will help MARA expand
Cardano Foundation Diversifies Treasury with $100M Bitcoin Stake
The Cardano Foundation has released its 2024 Financial Insights Report, revealing a total asset base of $659.1 million as of December 31, 2024. The report, published on-chain on July 10, outlines a notable shift in treasury strategy, with 14.9% of the foundation’s holdings now in Bitcoin, amounting to nearly $100
Norwegian Crypto Exchange Soars 138% After Bitcoin Treasury Move
Shares of the Norwegian Block Exchange (NBX) surged over 138% on June 2, following the announcement of its entry into the corporate Bitcoin treasury space. The Oslo-based crypto platform revealed it had acquired 6 Bitcoin (BTC) valued at approximately $633,700 with plans to increase this to 10 BTC by the
K33 Secures $6.2M to Launch Bitcoin Treasury Strategy
K33, a European digital asset brokerage based in Norway, has announced it raised 60 million Swedish krona (approximately $6.2 million) to initiate a Bitcoin-focused treasury strategy. The capital was secured through a combination of interest-free convertible loans and a new issuance of shares and warrants. The raised funds will be
