Strategy expands STRC offering twice in two weeks

Strategy expands STRC offering twice in two weeks

The company continues to accumulate BTC through corporate equity and debt offerings, but class action lawsuits against Strategy are mounting. Bitcoin (BTC) treasury company Strategy has expanded the scope its STRC offering twice since issuing the corporate security on July 22. The company announced an at-the-market offering of up to $4.2 billion of its Variable…

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Hong Kong stablecoin stocks slide as new rules take effect, experts see healthy reset

Hong Kong stablecoin stocks slide as new rules take effect, experts see healthy reset

Stablecoin-linked stocks in Hong Kong plunged by double digits amid the city’s new regulatory transition, but experts say it’s a healthy correction. Stablecoin companies operating in Hong Kong posted double-digit losses on Friday amid local regulatory shifts and a broader market correction. Bright Smart Securities & Commodities Group fell nearly 20% on Friday, according to…

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