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Showing posts with the label purchase

Saylor posts MicroStrategy’s BTC tracker: Another Buy?

Michael Saylor, founder of MicroStrategy, has shared the company’s Bitcoin tracker on X. The market expects an annoncement that the company has acquired another chunk of BTC. Bitcoin price hovered near $94,800 at the time of Saylor’s post on Dec. 29 MicroStrategy founder Michael Saylor has posted the company’s Bitcoin (BTC) tracker chart on X again. In recent months, every such post has been followed by an announcement that the world’s largest corporate holder of the flagship digital asset had acquired another haul. Industry experts and observers have been quick to point out that MicroStrategy is about to announce another major BTC purchase. NEW: Michael Saylor posted his BTC purchase tracker again, which means MicroStrategy will announce another HUGE #Bitcoin purchase tomorrow. SAYLOR IS THE GOAT 🐐 pic.twitter.com/48RTgEE1ud — Nikolaus Hoffman (@NikolausHoff) December 29, 2024 Noticeably, MicroStrategy has acquir...

Coinbase to upsize debt repurchase by $30M

A total of $180 million 2031 Senior Notes will be repurchased by the exchange. Cryptocurrency exchange has upsized its debt buyback offer from $150 million to $180 million. According to the Sept. 5 announcement, Coinbase will commit a total of $180 million to buying back its 3.625% Senior Notes due 2031. The offer will lapse on Sept. 18 at 11:59 pm Easten Time.  At the time of announcement, $50 million in tendered notes had been accepted for purchase , with an additional $211 million in tendered notes that had not been accepted, for a total of $261 million. Per Coinbase's offer, investors would receive 67.5 cents on the dollar should their tendered 2031 Notes be accepted for re purchase by the exchange. The 2031 Notes have $1 billion in principal outstanding and were issued in September 2021. They are currently trading near the offer value, having previously fallen to as low as 46 cents on the dollar in early January due to investor concerns regarding Coinbase's credit quali...