Bitcoin Falls, But MicroStrategy Buys; World Bank Says Recovery Will Be Uneven
On 6/9/21 at 3:01 PM EDT
CryptoCorner
Bitcoin has plunged as much as 50% from its record high, but MicroStrategy plans to increase its holdings in the cryptocurrency.
The Tysons Corner, Virginia-based analytics and business-intelligence company plans to offer $500 million in debt to acquire additional Bitcoin. We pursue two corporate strategies, the publicly traded company said in a note to investors: (First) grow our enterprise analytics software business to promote our vision of Intelligence Everywhere, and (second) acquire and hold Bitcoin, which we view as a dependable store of value supported by a robust, public, open-source architecture untethered to sovereign monetary policy.
Unchained Capital Finalizes $25M Series A Round led by Bitcoin Tech and Financial Services Provider NYDIG
June 5, 2021 @ 5:40 pm By Omar Faridi
Unchained Capital, Inc. recently revealed that it has completed the initial closing of a $25 million Series A round that was led by institutional Bitcoin tech and financial services provider,
NYDIG and parent firm
Stone Ridge Holdings Group.
In addition to participating in the equity round and increasing their minority stake, NYDIG has reportedly decided to make an incremental lending commitment of $100 million. NYDIG says it will remain the principal funding partner to Unchained Capital which will support its Bitcoin-backed multisig lending solution.
Bitcoin-based lender raises $25 million as loan growth soars americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.