This week’s Crypto Biz covers MicroStrategy’s debt issuance to buy Bitcoin, the SEC’s delay on Ether ETFs, Fantom’s request for Multichain’s liquidation and more.
Bitcoin’s bull market is currently in full swing thanks to flows from exchange-traded funds (ETFs) and market anticipation of the next halving. During February, BTC’s price jumped 45%, breaking $60,000 for the first time since the fourth quarter of 2021.
Taking advantage of the market trend, MicroStrategy has doubled down on Bitcoin (BTC). The company is set to issue convertible notes — a short-term debt that can be converted into equity in the future — to add more coins to its 193,000 BTC holdings.
Meanwhile, asset manager BlackRock filed an amendment with the United States Securities and Exchange Commission (SEC) to incorporate Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX). The fund currently has $36.5 billion in assets under management, according to BlackRock.
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Source: https://cointelegraph.com/news/crypto-biz-microstrategy-doubles-down-bitcoin-ether-etfs-delayed