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Strive proposes $150 million preferred stock sale to repay debt, buy bitcoin

Strive has announced plans to raise $150 million through a preferred stock sale aimed at repaying existing debt and purchasing Bitcoin. The company believes that acquiring Bitcoin will enhance its balance sheet and provide potential for future growth. The move comes as Strive seeks to strengthen its financial position amid a challenging market environment. The proposed sale is part of a broader strategy to leverage digital assets for long-term value creation.

Read the full article: CoinDesk

Ethereum ETFs Draw In $169M, Highest Level in Two Months

Ethereum exchange-traded funds (ETFs) have attracted $169 million in investments, marking the highest inflow in two months. This surge in interest comes as the cryptocurrency market shows signs of recovery and increased institutional participation. The recent performance of Ethereum, alongside positive market sentiment, has contributed to the growing demand for

Bitcoin’s drawdown hasn’t shaken institutional investors yet, says CoinShares

CoinShares reports that despite Bitcoin's recent price drawdown, institutional investors remain undeterred, continuing to invest in cryptocurrency. The firm noted a significant inflow of $20 million into Bitcoin funds last week, indicating sustained confidence among institutions. Additionally, overall digital asset investment products saw a total inflow of $24

OKB Token Surges 38% on NYSE’s OKX Investment at $25B Valuation

The OKB token experienced a significant surge of 38% following news of the New York Stock Exchange's investment in OKX, valuing the cryptocurrency exchange at $25 billion. This investment has sparked renewed interest in OKB, contributing to its price increase. The partnership with NYSE is seen as a

Morning Minute: Kraken Cracks the Fed

Kraken, a prominent cryptocurrency exchange, has announced its plans to offer a new product that allows users to earn interest on their crypto holdings. This initiative comes as the Federal Reserve is expected to raise interest rates, prompting Kraken to position itself as a competitive player in the evolving financial

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Ethereum ETFs Draw In $169M, Highest Level in Two Months

Bitcoin’s drawdown hasn’t shaken institutional investors yet, says CoinShares

OKB Token Surges 38% on NYSE’s OKX Investment at $25B Valuation

Morning Minute: Kraken Cracks the Fed