Tag: Plans

Strategy plans to offer 3.5M STRE preferred shares to fund Bitcoin and corporate needs

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Key Takeaways Strategy intends to issue 3.5 million Series A Perpetual Stream Preferred Stock shares to fund further Bitcoin purchases and support corporate operations. The $STRE token is euro-denominated, marking the company’s first financial product targeted specifically for global (especially European and institutional) investors. Share this article Strategy plans to issue 3.5 million shares of Series A Perpetual Stream Preferred Stock to fund Bitcoin acquisitions and corporate operations. The business intelligence company has been aggressively expanding its corporate Bitcoin treasury through perpetual preferred stock offerings. The euro-denominated $STRE represents Strategy’s…

Animoca Plans Nasdaq Listing Via Reverse Merger With Currenc

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Animoca Brands, a major venture capital investor in the cryptocurrency industry, is planning a Nasdaq listing next year via reverse merger with the AI-focused public fintech company Currenc Group. Currenc has entered a non-binding term sheet with Animoca to acquire 100% of Animoca Brands’ issued shares via a reverse merger targeting a Nasdaq listing under the Animoca Brands name, according to a joint statement on Monday. “Upon completion of the reverse merger the shareholders of Animoca Brands would collectively own approximately 95% of the issued shares in the merged entity,”…

SEGG Media plans $300 million digital asset initiative, with initial emphasis on Bitcoin

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Key Takeaways SEGG Media, a public company, plans a $300 million digital asset initiative, with an initial emphasis on Bitcoin. This reflects a broader trend of corporate adoption of Bitcoin as a treasury reserve asset. Share this article SEGG Media, a publicly traded company, plans to establish a $300 million digital asset initiative and allocate 80% of the capital to a multi-asset crypto treasury. Bitcoin will serve as the treasury’s initial focus, providing a foundation of stability, while additional assets such as Ethereum (ETH), Solana (SOL), and ZIGChain (ZIG) will…

How Evernorth Plans to Make XRP a $1-Billion Corporate Treasury Asset

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Deal basics: Who’s involved, and what’s being built? Evernorth is a newly formed “digital asset treasury” whose core idea is simple: Raise a large pool of cash and use most of it to buy and manage XRP. Rather than requiring companies to hold the token directly, Evernorth aims to offer a publicly traded stock that provides XRP (XRP) exposure through a corporate balance sheet. To fast-track its public debut, Evernorth is merging with Armada Acquisition Corp. II, a special purpose acquisition company (SPAC) — a listed shell that helps private…

Digital euro launch Eyed for 2029 as ECB Advances CBDC plans

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The European Central Bank is reportedly aiming to launch its digital euro in 2029, provided a legal framework can be hammered out. Officials working on the central bank digital currency will continue to lay the groundwork after the current preparation phase concludes this month, Bloomberg reported on Wednesday, citing people familiar with the matter. ECB officials have been exploring a potential rollout of the digital euro since 2020, entering the preparation phase in late 2023 as part of their plans.  Preparatory work is expected to continue at a meeting this…

SharpLink plans $200M Ethereum deployment with Linea partnership

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Key Takeaways SharpLink will deploy $200 million in Ethereum via a partnership with Linea. The initiative targets higher yields by accessing native staking rewards and DeFi opportunities. Share this article SharpLink, a Nasdaq-listed firm with one of the largest Ethereum treasuries, today announced plans to deploy $200 million worth of Ethereum through a strategic partnership with Linea. The deployment will leverage Linea, a Layer-2 scaling network for Ethereum developed by ConsenSys, to capture both native staking rewards and enhanced DeFi yields. The firm has tokenized its equity as SBET directly…

Tether plans to expand USAT stablecoin reach to 100M Americans by December: CoinDesk

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Key Takeaways Tether is positioning Rumble as a major distribution partner for its USAT stablecoin launch. The Rumble integration will allow Bitcoin and crypto tipping, expanding access to 51 million US users. Share this article Tether, the issuer of USDT, plans to expand its USAT stablecoin reach to 100 million Americans by December as it moves into US-regulated digital assets. USAT is a fully compliant stablecoin under the GENIUS Act, backed one-to-one with the US dollar and operated via Anchorage Digital, with reserves managed by Cantor Fitzgerald. At an event…

Polymarket plans to roll out POLY token and user airdrop amid surging trading activity

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Key Takeaways Polymarket CMO confirms the introduction of the POLY token for their prediction market platform. The company is prioritizing its US market relaunch before proceeding with the token launch. Share this article Matthew Modabber, Chief Marketing Officer of Polymarket, a leading prediction market platform, on Thursday confirmed plans for their POLY token and an upcoming airdrop amid growing interest in prediction markets. However, the firm’s current goal is to reestablish its presence in the US, with the token launch expected to come afterward. Polymarket recently secured a deal with…

Aster DEX plans to allocate up to 80% of S3 fees for ASTER buybacks

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Key Takeaways Aster DEX will allocate up to 80% of fees from Stage 3 (‘Dawn’ phase) for $ASTER token buybacks. Stage 3 introduces advanced scoring systems for traders, incentivizing activity and holding. Share this article Today, Aster DEX, a decentralized exchange running multi-stage reward programs, announced plans to allocate up to 80% of Stage 3 fees toward $ASTER token buybacks. The buyback initiative centers on fees generated during S3, the current “Dawn” phase of Aster’s program that focuses on advanced scoring and trading incentives. Aster DEX has introduced multi-dimensional scoring…

JPMorgan plans to accept Bitcoin, Ethereum as loan collateral by year-end

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Key Takeaways JPMorgan is set to accept Bitcoin and Ether as collateral for institutional lending and financial operations. The integration highlights the growing adoption of crypto by traditional banking institutions. Share this article JPMorgan Chase is preparing to let institutional clients use Bitcoin and Ether as loan collateral, Bloomberg reported Friday. The program, slated for launch by year-end, will use a third-party custodian for asset security and will be available to clients worldwide. According to an earlier report from Bloomberg, the largest US bank by total assets will soon allow…