Latest news with #Bitcoin-buying
Time of India
4 days ago
- Business
- Time of India
Trump Media raises $2.44 billion for Bitcoin treasury plan
Trump Media & Technology Group Corp., the company behind Truth Social , raised around $1.44 billion from selling stock at a price of $25.72 per share and raised about $1 billion in convertible bonds , to buy Bitcoin for its treasury. The company's shares rose as much as 7.6% on Friday after it announced the pricing. They were up 2.9% to $21.43 each as of 12:30 p.m. in New York on Friday. Trump Media plans to use the $2.32 billion in net proceeds from the offering for purposes including creating a Bitcoin treasury . The company joins PSQ Holdings, another firm linked to President Donald Trump's family, in looking to expand into Bitcoin treasury. PSQ counts Donald Trump Jr. as a board member, and is one of scores of other companies following Michael Saylor's Bitcoin-buying model at Strategy. Crypto Tracker TOP COIN SETS BTC 50 :: ETH 50 -0.97% Buy Smart Contract Tracker -2.07% Buy DeFi Tracker -2.08% Buy Web3 Tracker -5.50% Buy NFT & Metaverse Tracker -9.73% Buy TOP COINS (₹) Tether 86 ( 0.23% ) Buy Bitcoin 8,957,932 ( -1.39% ) Buy BNB 57,013 ( -1.55% ) Buy Ethereum 220,097 ( -2.8% ) Buy XRP 188 ( -3.36% ) Buy 'Trump Media is focused on acquiring great assets, and this deal will give us the financial freedom to implement the rest of our strategies,' Trump Media Chief Executive Officer Devin Nunes said in the statement announcing the deal. The deal gives the company more than $3 billion in liquid assets and gives shareholders exposure to Bitcoin, Nunes said. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » The zero-coupon convertible bonds are due in 2028 and have a conversion price of $34.72 per share. Trump Media originally planned to raise as much as $2.5 billion from the deal, the earlier announcement showed. Live Events The transaction adds to a slew of US equity-linked deals in May, led by DoorDash Inc.'s $2.5 billion offering less than a month after sealing a pair of M&A transactions, and Uber Technologies Inc. raising $1.2 billion from a security exchangeable into its shares of self-driving truck firm Aurora Innovation Inc. Both transactions were upsized from their original amount, even though they offered no coupons. The common stock offering joins a surge in sales of new and existing shares in already-public US companies. The volume totals more than $25 billion this month, nearly matching December's $25.3 billion haul, according to data compiled by Bloomberg. and Anchorage Digital will provide custody for Trump Media's Bitcoin treasury, while Yorkville Securities and Clear Street are acting as lead placement agents for the offerings. ETMarkets WhatsApp channel )
Yahoo
5 days ago
- Business
- Yahoo
Has President Trump Ushered in a New Golden Age for Cryptocurrency?
Under President Donald Trump, the crypto industry has experienced what some are now calling a "Golden Age" for crypto. A hands-off approach to crypto regulation, combined with speculative froth, could lead to market excesses and new risks. For most investors, it's still best to stick to relatively conservative crypto investments that are subject to extensive regulatory oversight. 10 stocks we like better than Bitcoin › Under President Donald Trump, the U.S. is embracing cryptocurrency like no other time in crypto's brief 16-year history. And it's not just Bitcoin (CRYPTO: BTC), either. It's a full-spectrum embrace of everything crypto, including altcoins, stablecoins, and meme coins. Not surprisingly, crypto enthusiasts are proclaiming this to be a new "Golden Age" for cryptocurrency. But are they right? And if they are, what should you be buying now? When Trump campaigned for president in 2024, he promised a complete shakeup of the crypto industry, and that's exactly what he has delivered. The pace of change has been so fast that it's been hard to keep up. A major shakeup at the Securities and Exchange Commission has taken the regulatory shackles off the crypto industry. That has opened the door for companies such as Coinbase Global (NASDAQ: COIN) and cryptocurrencies such as XRP (CRYPTO: XRP), both of which were facing regulatory issues heading into 2025. A new "anything goes" approach to crypto has given the green light to MicroStrategy (NASDAQ: MSTR), which is now doing business as Strategy, to continue its epic Bitcoin-buying spree. Following its lead, new companies are being formed that do nothing but buy Bitcoin. And, perhaps most importantly, a pro-crypto approach has led corporations and institutions that previously wouldn't touch digital assets to get involved with crypto. At the same time, the U.S. government is now looking for ways to buy Bitcoin for its new Strategic Bitcoin Reserve, which launched in March. So, what could possibly go wrong? A lot, actually. For one, there have already been serious questions about potential conflicts of interest involving the Trump family and even Trump himself. That's because Trump launched a new Official Trump meme coin days before assuming office, and his family launched a new crypto venture called World Liberty Financial during the 2024 election. There are now all kinds of questions swirling around the amount of foreign money that is being pumped into these projects. Even if there is no outright corruption or pay-for-play influence peddling going on, the optics are bad and could cause investors to lose their faith in crypto. Moreover, the new hands-off approach to crypto will likely lead to entirely new crypto investment products that simply aren't suitable for the average investor. The closest parallel, of course, is what happened before the global financial crisis of 2008, when complex Wall Street investment products involving mortgages threatened to take down the entire financial system. Crypto is already highly risky and volatile, so it's best to simplify matters as much as possible. So, for example, you might set a rule only to invest in cryptocurrencies with a market cap of $1 billion or higher. That would limit you to the top 75 cryptocurrencies. From there, you could simplify matters even further. For example, you can easily cross off any meme coins in the top 75, including Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). In order to insulate a portfolio from tariff uncertainty, you could focus on "Made in America" crypto companies. For example, I'd choose American Bitcoin mining stocks over Canadian Bitcoin mining stocks. Also, I'd buy cryptos using American crypto exchanges -- such as Coinbase -- that are regulated and audited by U.S. entities. And I'd focus on companies that have strong ties to the White House. Any time there's a major crypto event (such as the White House Crypto Summit in March), check to see who showed up and who didn't. Historically, the crypto industry has been referred to as "The Wild West." But I think a new comparison might be more accurate these days: "The Gilded Age." During the late 19th century, the Gilded Age was the great age of American industrialization after the Civil War, when powerful families such as the Vanderbilts, Carnegies, Mellons, and Rockefellers rose to power. During this era, great fortunes were made in railroads, steel, and oil. But, as historians are quick to point out, this was also an age of great social inequality, political corruption, and materialistic excess, all "gilded over" with a thin veneer of gold. Look too closely under the surface, and you might not like what you might find. So, be careful about just how much of your portfolio you're putting into crypto these days. Yes, Bitcoin is now being talked about as "digital gold," and crypto enthusiasts are raving about a new "Golden Age" for crypto, but, as the old saying goes, all that glitters is not gold. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor's total average return is 982% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Dominic Basulto has positions in Bitcoin and XRP. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, and XRP. The Motley Fool has a disclosure policy. Has President Trump Ushered in a New Golden Age for Cryptocurrency? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
6 days ago
- Business
- Mint
Wall Street Can't Beat Michael Saylor's Runaway Crypto Engine
(Bloomberg) -- Wall Street keeps inventing new ways to ride the digital-currency boom — from amped-up ETFs and tokenized funds to structured products — and crypto competitors keep circling. But the trade still delivering the biggest rewards belongs to Michael Saylor. His firm, now branded as Strategy, formerly known as MicroStrategy Inc., pioneered the original capital-markets hack in this era of retail speculation. The playbook? Sell stock and debt. Use the proceeds to buy Bitcoin. Watch the market rip. Then do it all over again. After huge gains last year, his capital-market machine keeps running — for now. Strategy shares are up about 26% this year, beating Bitcoin's 16% gain, and currently rank as one of the best-performers in the Nasdaq 100. Traders are still lavishing a hefty premium on Saylor's stock — well above the value of the firm's Bitcoin holdings — a dynamic no ETF can match. 'Saylor was the first, he was the earliest and he's got the most leverage,' said Matt Maley, chief market strategist at Miller Tabak Co. 'He's not just playing Bitcoin, but also his own stock and the stock market to his advantage — and using leverage at the right times.' That premium acts like rocket fuel in up markets, helping Strategy eclipse the returns of not just Bitcoin, but the ETFs designed to keep up with it. It's outpacing all 74 crypto ETFs in the US bar one. It's even outgunning double-leveraged ETFs tracking the firm itself. MSTX and MSTU — designed to deliver two times the stock's underlying returns — are each down about 1% for the year. These funds reset their exposure every trading day, so even in an uptrend, choppy price action can degrade longer-term returns — known as the volatility drag. Strategy, by contrast, is a self-reinforcing crypto engine. As its stock rallies, it unlocks more balance-sheet firepower, turning market momentum into more crypto accumulation. As Bitcoin has hit records this month, the trade keeps spinning. Wall Street is churning out more diversified products, and the number of Strategy competitors is growing with President Donald Trump's media company the latest to join the fray with a $2.5 billion Bitcoin treasury deal. Still, what's proving hard to replicate is the sheer belief system surrounding Saylor himself. His firm isn't merely a Bitcoin proxy, it's a vehicle for crypto maximalists to express conviction in their faith — a vehicle that's reflexive, levered and narrative-driven. In other words, the stock doesn't just move with Bitcoin, it feeds off it. For retail believers, the premium is the point, and that's put Strategy in a unique category. That means despite the arrival of cheaper, institutional-grade Bitcoin offerings like BlackRock's IBIT, Strategy remains a market story that no ETF can match. The company's market cap has surged from around $1 billion to over $100 billion over the past five years — ever since Saylor first revealed his Bitcoin-buying program. Strategy now holds more than $60 billion of Bitcoin, by far the most of any of its copycats. It has also laid out plans to raise $84 billion to buy more, by selling a combination of shares and fixed-income instruments. The trade cuts both ways, of course. When Bitcoin slumped in 2022, Strategy plunged more. And that was before it leaned even harder into leverage. If the crypto rally reverses, the dynamic that lifts Saylor's stock in the good times could fuel declines in the bad. For now, though, the success has sparked a wave of imitators, with at least 30 publicly listed companies in the US doing so. Meanwhile Bernstein analysts project that the digital currency could see $330 billion in inflows via corporate treasuries before 2030. Saylor has welcomed the trend. 'It's a phenomenal story — for Bitcoiners, it's a huge bull thesis,' said Strahinja Savic, head of data and analytics at FRNT Financial. 'If I had to list off the top three reasons why I'm bullish Bitcoin, the corporate adoption is up there.' --With assistance from Dave Liedtka. More stories like this are available on
Yahoo
14-05-2025
- Business
- Yahoo
MicroStrategy's game plan sparks ‘insane' reaction from insiders
A recent documentary by Financial Times has brought renewed attention to MicroStrategy's Bitcoin-accumulation strategy to the masses, drawing the line between market speculators and those companies seeking to swap cash reserves for the digital assets. Since 2020, MicroStrategy, which remade itself into Strategy, has been buying Bitcoins with the proceeds from stock sales and the issuance of convertible bonds, spending billions to buy up more than 568,000 Bitcoins, as of May 14. Some market analysts view it as a smart capital deployment, using market premiums to ramp up Bitcoin holdings. Jeff Walton, who was a reinsurance broker and now a Digital Capitalist at Strategy, said, "Strategy raised $12 billion of capital in 50 days. It's incredibly hard to raise $100 million of capital, and they just raised $100 million of capital 120 times in 50 days, and they could buy Bitcoin with that capital. That's insane.' According to Walton, there is no downside risk. He added, 'I'm happy to take the downside risk, because I think the downside risk is zero.' However, MicroStrategy's Bitcoin-buying strategy does not bode well with all analysts, as per the film. If the price of Bitcoin drops significantly or stays low and doesn't recover for some time, MicroStrategy could face major problems. 'The virtuous circle can turn into a vicious cycle if the Bitcoin price falls,' Craig Coben, analyst at Bank of America, warned, noting the risk of eroding investor confidence and valuation premiums. However, he also adds, '[...] but so far, it is working, and as long as Strategy can continue to command a premium to its net asset value, then it will continue to reap benefits for shareholders'. However, doubts were cleared by MicroStrategy's Chairman Michael Saylor. Saylor said, 'Our capital structure is constructed so that [if] Bitcoin falls 90% and stays there for four or five years and we would still be stable.' Notably, at press time, MicroStrategy's stock MSTR has been down by 0.81% in pre-market. TheStreet Roundtable reached out to MicroStrategy for comment on its Bitcoin strategy. The company did not respond by press time. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-04-2025
- Business
- Yahoo
Crypto Stocks Emerge Unscathed From April's Market Turmoil
(Bloomberg) — Cryptocurrency-linked stocks rallied in April, riding a surge in the price of Bitcoin to emerge largely unscathed by the turbulence that roiled US equity markets. NYC Lost $9 Billion of Income to Miami, Palm Beach in Five Years New York City Transit System Chips Away at Subway Fare Evasion NYC's Congestion Toll Raised $159 Million in the First Quarter NJ Transit Urges Commuters to Work Remotely If Union Strikes The Last Thing US Transit Agencies Should Do Now Shares of Michael Saylor's Strategy, exchange operator Coinbase Global Inc. and mining firm CleanSpark Inc. all climbed sharply, logging double-digit gains even as the S&P 500 Index slipped 0.8%. The rally propelled them past the tech stocks they often mirror. The momentum came alongside a roughly 15% rally in Bitcoin, which has renewed the debate over its role as a safe haven for investors. Stocks tied to the digital asset are typically more volatile than the token itself, often magnifying gains when prices rise. 'The main driver has been obviously the spot price' for companies with Bitcoin exposure, Keefe Bruyette & Woods analyst Bill Papanastasiou said. 'And a lot of these miners as well, during this whole tariff debacle, were hit pretty hard, and now they're rebounding.' The upswing comes with some caveats. Many crypto stocks remain in the red for the year, after a brutal first quarter when falling Bitcoin prices dragged them down. In particular, shares of crypto miners have been battered as token-minting becomes less profitable and tariffs threaten to push up hardware costs. The most eye-popping gains this month came from companies with plans to emulate Strategy's Bitcoin-buying spree. Upexi Inc. gained more than 400% in April, fueled by a plan it unveiled to raise $100 million to buy the Solana token. Meanwhile, shares of blank-check company Cantor Equity Partners Inc. nearly quadrupled on plans to create a Bitcoin vehicle tied to major players in the industry. Among major firms, conglomerate Galaxy Digital Holdings Ltd. led the pack. Its shares rose more than 40% this month, buoyed by permission to list on the Nasdaq and more AI-computing business from CoreWeave Inc. 'Galaxy is very intriguing just given its, I would say, multitude of businesses it has going for it,' Cantor Fitzgerald analyst Brett Knoblauch said. 'And obviously as the crypto market does well, their crypto-adjacent businesses do well.' (Updates share moves throughout, Bitcoin move in third paragraph.) Made-in-USA Wheelbarrows Promoted by Trump Are Now Made in China As More Women Lift Weights, Gyms Might Never Be the Same Why US Men Think College Isn't Worth It Anymore Eight Charts Show Men Are Falling Behind, From Classrooms to Careers The Mastermind of the Yellowstone Universe Isn't Done Yet ©2025 Bloomberg L.P. Sign in to access your portfolio
