USDT issuer Tether buys 32% stake in Canada’s gold royalty firm

USDT issuer Tether buys 32% stake in Canada’s gold royalty firm

Tether’s investment in Canada’s Elemental Altus Royalties follows the company’s strategy to “integrate long-term, stable assets such as gold and Bitcoin in its ecosystem.” Tether, the issuer of the world’s largest stablecoin by market capitalization, continues its buying spree with its 32% stake acquisition in Canada’s public gold royalty firm Elemental Altus Royalties. Tether Investments…

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Nasdaq-listed Mercurity Fintech to raise 0M for Bitcoin treasury

Nasdaq-listed Mercurity Fintech to raise $800M for Bitcoin treasury

Mercurity’s $800 million Bitcoin treasury financing plan would make the firm the 11th-largest corporate Bitcoin holder after Galaxy Digital. Mercurity Fintech Holding, a Nasdaq-listed digital fintech group building blockchain-based payment infrastructure, plans to raise $800 million to establish a Bitcoin treasury reserve as more companies adopt the cryptocurrency for strategic purposes. Mercurity plans to raise…

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Centralized Bitcoin treasuries hold 31% of BTC supply: Gemini

Centralized Bitcoin treasuries hold 31% of BTC supply: Gemini

Centralized treasuries, including governments, ETFs and public companies, now control approximately $668 billion of Bitcoin’s circulating supply. Almost a third of the Bitcoin supply is held and controlled by centralized treasuries, and early adopters hold a disproportionate share, according to recent research by Gemini and Glassnode.  Centralized treasuries, including governments, exchange-traded funds, and public companies,…

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UK-listed IG Group launches crypto trading to retail investors

UK-listed IG Group launches crypto trading to retail investors

The new launch expands IG’s existing cryptocurrency offering, as the company has previously offered crypto-based contracts for difference. IG Group, a United Kingdom-listed trading and financial services company, is launching cryptocurrency trading to retail investors, expanding its footprint in the digital assets space. IG customers can now access 31 crypto assets, including Bitcoin (BTC), Ether…

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GameStop officially confirms first Bitcoin purchase of 4,710 BTC

GameStop officially confirms first Bitcoin purchase of 4,710 BTC

GameStop’s 4,710 Bitcoin purchase marks the first publicly announced BTC purchase by the company since it disclosed plans to move into Bitcoin investment in March. GameStop, the US video game and consumer electronics retailer, has officially announced its first Bitcoin purchase, confirming multiple reports on kicking off BTC investment. GameStop has purchased 4,710 Bitcoin (BTC),…

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