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Crypto-Friendly Revolut Targets $45 Billion Valuation in Upcoming Share Sale
24.7.2024
Revolut, the crypto-friendly digital bank, is reportedly planning to sell $500 million of employee shares, targeting a staggering valuation of $45 billion. This move is seen as a significant step towards a potential Initial Public Offering (IPO). Revolut’s progressive approach to cryptocurrencies...
Genesis Seeks Green Light from Bankruptcy Court for $1.4 Billion GBTC Share Sale
4.2.2024
Crypto lender Genesis Global Capital, currently undergoing bankruptcy proceedings, has requested permission to sell trust assets worth approximately $1.6 billion. In a motion filed with the U.S. Bankruptcy Court in the Southern District of New York, the firm sought approval to sell assets held...
Bitcoin Mining Rig Manufacturer Canaan Raises $50 Million Through Preferred Shares Sale
25.1.2024
In a recent disclosure to the U.S. Securities and Exchange Commission (SEC), Canaan, a publicly traded manufacturer of bitcoin mining rigs, announced it has secured $50 million through the sale of preferred shares. This follows a successful acquisition of $25 million in a similar preferred share...
ARK Invest Coinbase Share Sale Takes December Total Close to $200M
21.12.2023
Cathie Wood's investment firm also sold GBTC stock while increasing its holdings of Block
Crypto Miner Phoenix Group Says UAE Initial Share Sale Was 33-Times Oversubscribed
21.11.2023
Phoenix was looking to sell almost 18% of the company for a target raise of $368 million
Crypto Miner Argo Blockchain Raises $7.5M in Share Sale; Stock Slumps
19.7.2023
Proceeds from the private placing and public sale will be used to pay down debt
Crypto Miner Hive Blockchain Targets 6 EH/s of Computing Power Funded by Up to $100M Share Sale
12.5.2023
The miner will sell its common shares under an at-the-market (ATM) offering, with investment firms Canaccord Genuity and Stifel acting as agents
SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value
17.3.2023
On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with Silicon Valley Bank (SVB) after the Federal Deposit Insurance Corporation...
Bitcoin Miner Argo Blockchain Faces Class Action Suit Over U.S. Share Sale
27.1.2023
Argo failed to disclose that it suffered from significant capital constraints, electricity and network difficulties, the suit says
Bitcoin Suisse Sells 20% Stake to Raise $47 Million: Crypto Valley Broker Aims To Expand Into Banking
8.5.2020
Crypto valley firm Bitcoin Suisse has announced plans to sell a 20% stake in the company. The sale is expected to raise 46 million Swiss francs ($47.38 million). Bitcoin Suisse said it intends to use the money to expand its portfolio to banking services in Switzerland and Liechtenstein, according...
Patrick Byrne the Overstock CEO lashes investors for questioning his share sale
20.5.2019
The CEO and Cofounder of Overstock, Patrick Byrne, had sold nine lakh shares of his company stock. The sale has resulted in a massive reaction among the common people and has demanded him the answer for the same. The news of the sale has affected the stock price of the company. It is reported that...