The German and U.S. governments have transferred over US$100 million in cryptocurrency. On July 1, the German government moved 1,500 Bitcoin (BTC), worth approximately US$95 million, with some of these funds being sent to major cryptocurrency exchanges. Concurrently, the U.S. government moved 3,375 Ethereum (ETH), valued at around US$12 million, to an undisclosed wallet. These […]
MicroStrategy has announced its intention to sell US$500 million in convertible bonds, specifically to finance the purchase of more Bitcoin. The firm, which currently possesses 214,400 BTC valued at roughly US$14.52 billion, holds over 1% of Bitcoin’s total circulating supply. The bonds, set to mature in 2032, are targeted at qualified institutional buyers, featuring an […]
(Changes dateline; adds gross proceeds from share sale in paragraph 1) April 18 (Reuters) – Lithium Americas said early on Thursday that it would raise $275 million to accelerate construction and development of the Thacker Pass lithium project in Nevada. The company will sell 55 million shares for $5 per share, Lithium Americas said, a […]
March 27 (Reuters) – Canadian gold miner Alamos Gold will acquire smaller rival Argonaut Gold for $325 million in an all-stock deal, the companies said on Wednesday. The deal would increase Alamos’ gold production to 600,000 ounces per year, with a longer-term production potential of over 900,000 ounces per year, the companies said. Alamos produced […]
By Jonathan Stempel NEW YORK, Feb 28 (Reuters) – Donald Trump is unable to post a full bond while he appeals a $454.2 million judgment that a judge imposed in New York state’s civil fraud case against him, and wants instead to secure a $100 million bond, his lawyers said on Wednesday. Trump is appealing […]
STORY: Hyundai will take a massive hit on selling its plant in Russia. The South Korean auto giant said Tuesday (December 19) it plans to give up the facility in St. Petersburg for $77.67. Hyundai said it would take a near $219.2 million loss on the sale. Tuesday’s move makes it the latest global automaker […]