TronWeekly

Crypto World News

You are here: Home / Archives for MicroStrategy Bitcoin

MicroStrategy Bitcoin

Tether-Backed Twenty One Capital Acquires $458.7M Bitcoin, Eyes New ATH

by

  • Tether-backed firm buys 4,812 BTC for $458.7M amid bullish market.
  • Twenty One Capital becomes the 3rd largest corporate Bitcoin holder.
  • CEP shares surge 460% as Bitcoin purchase boosts market confidence.

Twenty One Capital, a Tether-backed investment firm, purchased 4,812 Bitcoin for $458.7 million. The deal was revealed on May 13 via a U.S. SEC filing as part of a larger business merger with Cantor Equity Partners (CEP). The company acquired the BTC at an average price of $95,319.83 each.

This transaction makes Twenty One Capital the third-largest corporate Bitcoin holder, just behind companies like MicroStrategy and MARA. The transaction raises the firm’s holdings to a total of 36,312 BTC. The merger, connected to a Special Purpose Acquisition Company (SPAC) deal with CEP, will be completed in the next few months.

CEP Stock Surges After News of BTC Acquisition

The purchase also shows Tether’s key role in corporate Bitcoin investments. Tether put the 4,812 BTC in an escrow wallet before the assets were transferred to the firm’s digital wallet. The transaction is part of a Private Investment in Public Equity (PIPE) agreement, with convertible notes and equity subscriptions expected to provide the funds.

The share price of CEP jumped by more than 460% after this BTC acquisition announcement. CEP’s stock increased from $10.65 to $59.73 in the last 24 hours before it settled at $29.84. The increase in share price shows that investors are confident about the company’s growth in Bitcoin.

Twenty One Capital Eyes More Bitcoin Purchases

Twenty One Capital uses a similar approach to MicroStrategy and intends to offer the most efficient BTC exposure to investors. Jack Mallers, the founder of Strike and the firm’s leader, seeks to make the company a major player in the Bitcoin investments space. The company is mainly owned by Tether and Bitfinex, while Japanese investment group SoftBank holds a minority stake.

After the merger, Twenty One Capital’s BTC holdings are expected to rise to 42,000 BTC. The firm’s growth will be funded by Tether, SoftBank, and Bitfinex. The company is set to turn these holdings into shares worth $10 each when it goes public.

Bitcoin maintains its upward movement despite the unpredictability of the stock. Analysts continue to pay close attention to the price of BTC, as it approaches its all-time high. BTC currently trades around $103,540. The current rise in Bitcoin’s price indicates a positive future outlook for the cryptocurrency, as companies like Twenty One Capital expand their positions.

Related Reading |  Binance Data Signals XRP Breakout as Sellers Face Absorption

Nakamoto and KindlyMD Announce $710 Million Merger to Secure Bitcoin

by

  • Bailey’s Nakamoto Holdings merges with KindlyMD to build a Bitcoin treasury.
  • The deal includes a $710 million capital raise for Bitcoin-backed assets.
  • Bailey aims to list Bitcoin-based financial products on major exchanges.

Nakamoto Holdings, David Bailey’s Bitcoin-exclusive holding company, has entered a merger with the healthcare firm KindlyMD. The companies seek to build the world’s first Bitcoin treasury network and integrate Bitcoin into global financial markets. This enables the company to construct a treasury model using equity, debt, and several types of financial structures.

Nakamoto Holdings’ CEO, David Bailey, pointed out the increased integration of traditional finance and Bitcoin. He predicted that Bitcoin will be integrated into all balance sheets in the future. The new entity seeks to embed Bitcoin at the center of global capital markets to provide compliant and transparent financial products. This model echoes the path taken by Michael Saylor’s MicroStrategy, which was the first company to introduce Bitcoin treasury management.

Merger Seeks To Create a Bitcoin Treasury

The $710 million transaction involves a $510 million private placement and a $200 million sale of senior secured convertible notes. Under the private placement, common stock and pre-funded warrants in KindlyMD are priced at $1.12 per share. The new entity will be listed on top exchanges under a new ticker symbol upon the completion of financing transactions as well as the merger. KindlyMD will maintain its ticker “KDLY” until the merger has been finalized.

The joint venture company will continue KindlyMD’s healthcare operations and prioritize Bitcoin treasury management. Bailey believes that the transformation of Bitcoin into tradable securities instruments will have a major effect on global economics. Bailey’s leadership and vision form a major part of Nakamoto’s plan to integrate Bitcoin into equity, debt, and hybrid products on each major exchange.

Bitcoin Treasury Trend

Nakamoto Holdings has also partnered with BTC Inc., Bitcoin Magazine’s publisher, and the group behind the Bitcoin Conference to advance the Bitcoin-based structure of the new entity. The merger could generate long-term value because it blends Bitcoin expertise as well as the healthcare sector.

The completion of the transaction is subject to approval from KindlyMD’s shareholders. The new entity will operate under a new name and trade under a new ticker symbol. The board of directors comprises six representatives from Nakamoto Holdings and one from KindlyMD.

Additionally, more than 70 companies have adopted Bitcoin as a core asset. The firms include Cantor Fitzgerald, SoftBank, and Bitfinex, which have embraced this model. Nakamoto Holdings and KindlyMD continue to pursue market leadership in this sector.

Related Reading | VeChain Price Surges 28%, Could This Bullish Trend Continue Rising?

Metaplanet’s $21M Bond Sale Accelerates Ambitious Bitcoin Acquisition

by

  • Metaplanet issues $21.25M bonds to fund Bitcoin strategy
  • Tokyo firm becomes Asia’s largest public Bitcoin holder
  • Metaplanet plans U.S. subsidiary to raise $250M for BTC

Metaplanet Inc., a Tokyo-based investment firm, continues to advance its aggressive BTC acquisition. The company intends to raise $21.25 million from a new bond sale to finance more purchases of Bitcoin. The bonds will not accrue interest and will be issued at a discount with the redemption period on November 9. This is the company’s third bond sale this week after two earlier $25 million issues.

The bond issuance supports Metaplanet’s plan to increase its BTC stockpile. The company currently holds 5,555 BTC worth $576 million, which positions the company as Asia’s largest public corporate holder of Bitcoin. The company is the 11th biggest corporate holder of BTC across the world. Metaplanet’s stock price saw over a 1,600% increase in the last 1 year, which indicates increased investor interest.

Metaplanet Follows MicroStrategy’s Bitcoin Playbook

On May 7, Metaplanet acquired 555 BTC for $53.4 million. The company aims to raise funds to purchase approximately 206 BTC through new bond issuance. The firm launched its BTC acquisition in late 2024. The company’s bond issuances are discounted and interest-free, which matches an approach often used by other corporate Bitcoin holders such as MicroStrategy.

The firm’s Bitcoin acquisition strategy is similar to that of U.S.-based MicroStrategy, which uses debt issuances to finance BTC purchases. Simon Gerovich, Metaplanet’s CEO, has expressed confidence in the company’s expansion roadmap. He recently mentioned that the firm intends to own 10,000 BTC by 2026. This objective solidifies Metaplanet’s position as a major player in the global BTC market.

Metaplanet Global Expansion

Metaplanet’s recent plans to raise funds are part of its plans to expand into the U.S. market. In May, the company announced plans to set up a subsidiary in Florida called Metaplanet Treasury. This step will enable Metaplanet to access US institutional investors and raise up to $250 million to boost its own BTC acquisition. The Florida-based firm will strengthen Metaplanet’s position in the extended U.S. market, which has witnessed increased Bitcoin innovation and corporate adoption.

Metaplanet’s ambitious BTC acquisition matches a prevalent trend in the cryptocurrency market. The increase in Bitcoin ETF inflows demonstrates increased institutional interest in BTC, with $5.13 billion in net inflows in the last three weeks. Metaplanet’s plans reflect its efforts to strengthen its position as a leader in the corporate Bitcoin treasury sphere.

Related Reading |  Crypto Market Ignites: $800M Shorts Liquidated in Major Breakout 

$MSTR Skyrockets 3000%+ After Embracing Bitcoin Standard, Says Saylor

by

  • MicroStrategy’s stock ($MSTR) surged 3,142% since adopting Bitcoin as its treasury reserve.
  • The firm plans to raise $800M more via debt offerings to buy additional Bitcoin, reinforcing its “Bitcoin Standard” strategy.
  • Bitcoin price breaks $96,500 amid 8% volume surge, signaling bullish momentum as institutional interest grows.

Strategy’s (formerly MicroStrategy) decision to pivot to Bitcoin (BTC) has generated huge returns for its investors. Its shares have increased by 3,142% since 2020 when the firm first adopted its BTC-focused treasury strategy.

The firm’s stock performance has surpassed that of major tech firms and traditional assets as revealed by executive chairman, Michael Saylor in a recent tweet. The company’s fortunes have witnessed significant changes after it decided to hold BTC as its primary reserve asset, a move that’s now known as the “Bitcoin standard.”

A comparison with other investments over the same period is proof that this decision has been a massive success. Strategy‘s stock performance is nearly four times the 715% returns delivered by BTC itself.

The company also performed better than top tech stocks, such as Tesla and Nvidia which posted gains of 205% and 916%, respectively. In addition, $MSTR’s performance was far better than traditional assets, like the S&P 500 and gold, which recorded modest gains of 68% and 21%, respectively.

AD 4nXfQ9 LPlUAEbk8w rrDXGxlMtAXT4 MBR7qNkmRAAuWGY6NNGqdStahdu6eSNd413KWOwTSywazY7NbMRW53aCwqFaRhD6DC8VVkSQpMCeKO6pA1Hdg6ptSafbEGNbH3F0a922R?key=JRhZ255YZWZoW jzdGnMBB18

Source: X (@saylor)

Strategy’s approach involved continuous accumulation of the leading cryptocurrency. It now holds more than 214,000 BTC, which is worth nearly $15 billion.

Strategy to Raise Fresh $800M for More BTC Acquisitions

The company funded its cryptocurrency purchases using various financing methods, like convertible note offerings. With these finance strategies, Strategy essentially became a publicly-traded BTC proxy, which allowed traditional investors to gain indirect exposure to cryptocurrency through the stock market.

Based on its Bitcoin exposure, Strategy’s valuation now depends on the value of its BTC holdings and not on traditional business metrics. Still, the company has stated that it plans to keep buying more BTC.

Recently, it announced plans to raise another $800 million using debt offerings to make more Bitcoin purchases. Saylor remains a strong Bitcoin advocate and has consistently argued that the leading cryptocurrency will eventually replace gold and become the preferred store of value across the world.

Rising Trade Volume: Bitcoin Price Jumps Past $96,500

Meanwhile, BTC has achieved a significant milestone, it has broken above the $96,500 level and trades at $96,571 at the time of writing, according to CoinMarketCap data. The price gain (which is 2% in the last 24 hours) coincides with a significant rise in trading volume.

This trading volume is up nearly 8% in the last 24 hours and it’s currently $31.12 billion.

AD 4nXenpCjo PDmywuqD9ehGq8r jyg9UzB28cuLLj2idgfkcjiJYE1elQkCl2N P25K9bKcrBhe2V0pM234sQcbk6Ef6JPGhNaPYV7BCWrAx6ouHT2iLp11lmBPRF1RHUwKBTzOfVY?key=JRhZ255YZWZoW jzdGnMBB18

Source: CoinMarketCap