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Marathon Patent Group Buys $150 Million Worth of Bitcoin as a Reserve Asset


Marathon Patent Group announced Monday that it bought 4,813 bitcoins in a deal worth $150 million. The firm joins the growing list of publicly listed companies holding bitcoin in their treasuries. Merrick Okamoto, chairman and chief executive officer of Marathon, said the Nasdaq firm is buying...

Mt Gox Creditors Asked to Approve a Settlement Proposal Drafted by Coinlab


On January 15, the public was made aware of a deal between the firm Coinlab Inc., the Mt Gox bankruptcy trustee, Nobuaki Kobayashi, alongside MGIFLP, a subsidiary of Fortress Investment Group. According to the proposal, Mt Gox creditors will be able to claim as much as 90% of the bitcoin held...

Crypto Futures Exchange Bakkt Going Public at a Valuation of $2.1 Billion


Bitcoin futures exchange Bakkt is going public via a merger with VPC Impact Acquisition Holdings, a special purpose acquisition company (SPAC) created for taking startup firms public. Both companies have now confirmed the transaction, and will be listed on the New York Stock Exchange (NYSE) under...

Cypherpunk Holdings Inc. Announces Receipt of Dividend from Wasabi Wallet


Disclaimer: The text below is a press release that was not written by Cryptonews.com. Toronto, Ontario--(Newsfile Corp. - January 11, 2021) - Cypherpunk Holdings Inc. (CSE: HODL) ("Cypherpunk" or the "Company") is pleased to announce the receipt of a dividend for the fiscal year...

Microstrategy Plans a $400 Million Capital Raise to Buy More Bitcoin


Microstrategy Inc., said Monday that it is planning to sell $400 million in convertible senior notes to private investors so that it could buy more bitcoin. The Nasdaq-listed business intelligence and mobile software company already holds 40,824 bitcoin (BTC) in reserve, valued at $776 million...

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