Latest news with #digitalasset
Bloomberg
5 hours ago
- Business
- Bloomberg
Crypto Firm Bullish Surges 143% in Debut After $1.1 Billion IPO
Bullish shares jumped 143% from the IPO price after the digital-asset exchange operator and owner of media outlet CoinDesk raised $1.1 billion in an initial public offering. Shares of the Cayman Islands-based company opened at $90 each on Wednesday, versus an IPO price of $37 apiece, with shares climbing further before being halted. The offering had been upsized to 30 million shares from 20.3 million shares and the marketed price range was increased earlier to $32 to $33 apiece from $28 to $31.
Associated Press
6 hours ago
- Business
- Associated Press
TPT Global Tech to Raise $35 Million Through Luxembourg-Based Tokenized Offering with Realiz
TPT Global Tech (OTCMKTS:TPTW) SAN DIEGO, CA, UNITED STATES, August 13, 2025 / / -- TPT Global Tech, Inc., the developer of the VüMe Live AI Super App, today announced plans to raise $35 million through a Luxembourg tokenized bond offering in partnership with Realiz, a leading European platform for compliant digital asset financing. The capital raise will be conducted under Luxembourg's advanced securitization and tokenization laws, providing accredited and institutional investors with secure, regulated access to participate in TPT Global Tech's next stage of global expansion. Proceeds from the $35 million raise will be used to accelerate the worldwide rollout of the VüMe Live AI Super App, enhance AI-driven personalization, expand live and on-demand content partnerships, and strengthen infrastructure to support millions of concurrent users. The funding will also drive market penetration in Africa, the Middle East, Europe, and the Americas. Stephen J. Thomas III, Chairman & CEO of TPT Global Tech, stated: ' This is a major milestone for TPT Global Tech and our shareholders. By partnering with Realiz in Luxembourg, we're not only tapping into one of the world's most advanced financial jurisdictions, but we're also leveraging tokenized financing to reach a truly global investor base. This $35 million raise will allow us to scale VüMe faster, introduce new features, and cement our position as a leader in the convergence of digital media, fintech, and AI.' With Realiz's platform, tokenizing bond offerings, we transform real-world assets (RWAs) into digital securities tradable on digital exchanges, neo-banks, and other marketplaces. This innovation opens access to both traditional investors and Web3 investors, democratizing investment opportunities with low entry barriers and enabling seamless participation in decentralized finance (DeFi). About VüMe Live AI Super App VüMe is an all-in-one digital ecosystem that integrates live TV, sports, concerts, movies, video-on-demand, social media, fintech services, live shopping, and an online marketplace into a single, seamless platform. Designed for both consumers and creators, VüMe delivers an interactive, AI-enhanced entertainment and commerce experience to users in over 175 countries. About TPT Global Tech TPT Global Tech, Inc. (OTC: TPTW) is a publicly traded technology company delivering a comprehensive live TV, social media, fintech, AI, and mobile voice/data ecosystem. Through its proprietary platforms, including the VüMe Live AI Super App, TPT Global Tech aims to revolutionize how people connect, consume content, and conduct business in the digital era. About Realiz Based in Luxembourg, specializes in structuring financial products within regulated ecosystems to raise capital for impactful projects. With a focus on innovation and compliance, we empower clients to achieve their financial goals across diverse sectors. Realiz bridges traditional finance and decentralized finance with institutional-grade compliance and technology solutions. For more information about TPT Global Tech and its subsidiaries, please visit SOURCE: TPT Global Tech, Inc. Rik Eberhardt TPT Global Tech [email protected] Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Entrepreneur
6 hours ago
- Business
- Entrepreneur
America Needs a Bitcoin Reserve — Here's Why
The U.S. has released its most comprehensive digital-asset policy yet, the 160-page Crypto Playbook. The initiative holds promise and invites further discussion in the world of digital assets. Opinions expressed by Entrepreneur contributors are their own. On July 30, the U.S. released its most sweeping digital-asset policy framework to date: a 160‑page U.S. Crypto Playbook. While the report steers clear of new promises regarding a federal Bitcoin acquisition program, it renews attention on the Strategic Bitcoin Reserve, first announced in March — an initiative that could reshape America's financial posture. The newly published Crypto Playbook is the most comprehensive digital asset policy guide the U.S. has ever produced. The report outlines strategic goals around stablecoin regulations, DeFi innovation, digital infrastructure, consumer protections and financial literacy. Highlights include endorsement of the bipartisan GENIUS Act, laying regulatory ground rules for crypto exchanges; clarification of jurisdiction between the SEC and CFTC via the proposed Clarity Act; and recommendations for tax treatment of staking income, mining equipment depreciation, and wash-sale exemptions. But the most headline-grabbing omission? No fresh policy announcement regarding the Strategic Bitcoin Reserve. Despite speculation, the Playbook simply restates the administration's March 6 directive to consolidate all seized Bitcoin into a national reserve, while remaining silent on future acquisitions. For many in the crypto community, the message is clear: the idea isn't dead, but it's still taking shape. Related: Why Not Owning Bitcoin is Making You Poor What we know about the reserve so far In March, an executive order directed U.S. agencies to begin aggregating all federally seized Bitcoin into a single account under the Department of the Treasury. The U.S. currently controls an estimated 200,000 BTC, mostly obtained through forfeitures linked to cybercrime and darknet operations. Rather than liquidating these holdings at auction (as has been common practice for years), the White House policy marks a significant pivot: treat Bitcoin like a sovereign asset, not a liability. While today's Playbook did not mention any direct purchases or operational updates, the crypto industry remains optimistic. As one policy advisor put it, "They've already laid the foundation. We're just waiting for them to build the house." According to a reporter present at the event, the Treasury Secretary emphasized the growing role of digital assets in global finance and outlined the administration's commitment to regulatory modernization. A key theme from his speech was the need to "reinforce dollar dominance through stablecoins and modernize banking regulations for digital assets." His comments reflect the administration's broader strategy, as outlined in the newly released U.S. Crypto Playbook, to position the United States as a global leader in blockchain innovation while safeguarding national financial stability. The event drew senior policymakers, industry leaders, and regulatory officials, many of whom welcomed the remarks as a turning point in the federal government's tone toward crypto. This affirmation of support marks a pivotal moment, suggesting that Washington sees the maturation of Bitcoin and stablecoins not as a threat to the dollar but as a tool to strengthen its role in a rapidly digitizing global economy. Related: Exploring Bitcoin As a Retirement Investment Avenue Why America needs a Bitcoin reserve At a time of rising geopolitical friction, debt uncertainty and de-dollarization efforts by global rivals, a Bitcoin strategic reserve offers the U.S. several vital advantages. Just as gold once anchored the monetary system, Bitcoin now serves as a decentralized, censorship-resistant store of value. A sovereign reserve positions the U.S. to weather inflation, monetary dilution and foreign central bank diversification. Nations like China and Russia have been quietly offloading U.S. Treasuries and accumulating gold. If a currency crisis or dollar liquidity shock ever emerged, a Bitcoin buffer could serve as a geopolitical hedge with instant global liquidity. America's dominance in technology is already being challenged by decentralized finance and token-based commerce. A strategic reserve signals leadership in digital capital formation, making the U.S. more attractive for Web3 entrepreneurs and fintech investment. While U.S. sanctions have long used the dollar as a weapon, adversaries are actively seeking alternatives. A Bitcoin reserve gives the U.S. a tool of resilience, rather than dependence on legacy systems vulnerable to fragmentation. By leveraging forfeited BTC from criminal seizures, the reserve grows without costing taxpayers a cent — a rare bipartisan win with massive asymmetric upside. In short, a Bitcoin reserve isn't about speculative gain. It's about future-proofing national strength. Related: A Bitcoin Hot Girl Summer — Will Bitcoin's Success Continue? Skepticism — and strategy — remain Of course, not everyone is on board. Economists have voiced concern that Bitcoin's volatility makes it an unstable strategic asset. A recent University of Chicago poll found that over 70% of economists do not believe such a reserve would reduce national economic risk. Global reaction has also been cautious. European and Asian officials have warned that a U.S. crypto reserve could destabilize existing foreign exchange reserves and provoke retaliatory monetary policies. And then there are the technical and ethical questions: Who controls the keys? Can sovereign actors manipulate Bitcoin? Should the reserve be disclosed in real time? The answers remain murky. What happens next Under the March order, agencies have until late September to deliver implementation frameworks to the Treasury. Legislative allies in Congress have already floated the BITCOIN Act, which would authorize a broader reserve and explore alternative funding strategies, potentially including gold-for-BTC swaps. Until then, the Strategic Bitcoin Reserve will remain more symbol than substance. But for crypto advocates, that symbol is growing heavier by the day.
Yahoo
13 hours ago
- Business
- Yahoo
Crypto Firm Bullish Raises $1.1 Billion in IPO Priced Over Range
(Bloomberg) -- Bullish raised $1.1 billion in an initial public offering, pricing its shares above the marketed range. The digital-asset exchange operator and owner of media outlet CoinDesk sold 30 million shares Tuesday for $37 each, the company said in a website statement dated Tuesday. They were earlier marketed at $32 to $33 apiece. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis Five Years After Black Lives Matter, Brussels' Colonial Statues Remain For Homeless Cyclists, Bikes Bring an Escape From the Streets At the IPO price, Bullish would have a market value of $5.4 billion based on the outstanding shares listed in its filings with the US Securities and Exchange Commission. Bullish on Monday had increased the number of shares it planned to offer to 30 million and raised the price range, a filing showed. The IPO was more than 20 times oversubscribed, people familiar with the matter have said. BlackRock Inc. and ARK Investment Management were separately interested in buying as much as $200 million of shares in aggregate at the IPO price, according to the filing. The company announced in 2021 that it planned to go public through a merger with a special purpose acquisition company, in a deal that would have valued the combined firm at about $9 billion. The merger was scrapped in 2022. Bullish, which counts former New York Stock Exchange president Tom Farley as its chief executive officer, offers crypto spot trading, margin trading and derivatives trading, with a focus on institutional investors, the filing showed. Bullish's biggest investors include its co-founder, CEO Brendan Blumer, who is expected to own 30.1% of the shares following the offering. Bullish board member Kokuei Yuan is set to have 26.7% of the shares, according to the filing. The offering is being led by JPMorgan Chase & Co., Jefferies Financial Group Inc. and Citigroup Inc. The company plans to make its debut Wednesday on the New York Stock Exchange under the symbol BLSH. Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan Why It's Actually a Good Time to Buy a House, According to a Zillow Economist Dubai's Housing Boom Is Stoking Fears of Another Crash The Social Media Trend Machine Is Spitting Out Weirder and Weirder Results A $340 Million New York Office Makeover Is Converting Boardrooms to Bedrooms ©2025 Bloomberg L.P. 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
a day ago
- Business
- Yahoo
1 Top Cryptocurrency to Buy Before It Soars 1,974%, According to Cathie Wood
Key Points Greater capital flowing from institutional investors will drive this digital asset's price to new heights, according to Wood and her team. It's easy to get excited about lofty price targets that imply monster gains, but take these predictions with a grain of salt. The best investors can think independently to develop their own perspectives. 10 stocks we like better than Bitcoin › In recent years, Cathie Wood has had the spotlight shining brighter on her. The firm she runs, Ark Invest, offers investors a variety of exchange-traded funds (ETFs) that focus on disruptive and innovative opportunities. In addition to what seems like an exciting investment philosophy, she's well known for making some incredibly bold predictions about the future. This is never more obvious than when looking at Wood's take on the outcome of a top cryptocurrency throughout the rest of the decade. The bullish view is that this leading digital asset will rise 1,974% between now and 2030. A price target like this will certainly turn some heads. As bullish as they come Wood is extremely optimistic about Bitcoin (CRYPTO: BTC) over the next five years. This is the oldest and most valuable crypto, now with a market cap of $2.3 trillion (as of Aug. 6). But Ark Invest's thesis centers on more capital flowing into Bitcoin, which should drive the price up. The asset manager's bull case sees 6.5% of institutional investment capital owning Bitcoin by the end of the decade. Bitcoin will also cement itself as a digital version of gold, which is probably the best way to describe it today. Bitcoin and gold are viewed as borderless store-of-value assets that have scarce supplies. Ark Invest and Wood think that people living in emerging markets will prefer holding Bitcoin over their local currencies. This makes sense, because even though Bitcoin can experience a lot of volatility, it's better than owning a currency in an unstable economy with political risk and inflationary pressures. The lofty outlook has Bitcoin's price reaching $2.4 million in the year 2030. Compared to the digital asset's current price of $115,700, there is nearly 21-fold upside. This translates to an unbelievable 83% gain on an annualized basis. Wood and her team might be the most bullish Bitcoin supporters on the face of the planet, as this price target implies Bitcoin's growth rate over the next five years will far exceed what it achieved in the last five years. Think independently These kinds of predictions can easily draw lots of excitement from the investment community. However, it's important to always take these price targets with a grain of salt. Ark Invest and Wood could be trying to grow the assets they manage, which would lead to greater fee income. What's more, no one has any clue what the future will hold, especially with a novel technology. Investors should think independently, taking the time to learn more about Bitcoin to depend less on other investors' perspectives. Understand the risks, for starters. Regulatory uncertainty is less of a concern now that the U.S. government has shown its support for Bitcoin. But that doesn't mean the next administration can't come in and reverse any progress. Other countries could also be more restrictive. Bitcoin could also be exposed to technical changes. The risk that quantum computing poses is worth paying attention to, as any breakthroughs in this space could crack Bitcoin's cryptographic setup, undermining the network's security. Nonetheless, there is one obvious reason to be bullish on Bitcoin: its fixed supply of 21 million. The world is drowning in ever-expanding debt. And the money supply continues to grow. Allocating a small portion of your capital to something that has a finite limit looks like a prudent decision. I'm very confident that Bitcoin won't rise 1,974% to reach $2.4 million per unit in five years. This asset is maturing as time passes, so it's reasonable to believe the price will increase at a slower clip between now and 2030 than the gain registered in the past five years. This more realistic outlook doesn't mean Bitcoin doesn't still make for a wonderful investment opportunity. Should you buy stock in Bitcoin right now? 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 $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 11, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. 1 Top Cryptocurrency to Buy Before It Soars 1,974%, According to Cathie Wood was originally published by The Motley Fool Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
