Tag: proceeds

‘Fake weed’ ban will take effect Monday as lawsuit against it proceeds

A neon sign advertises delta-8 products at a store in Sioux Falls. (John Hult/South Dakota Searchlight) A new law barring the production or sale of high-inducing, hemp-derived cannabis products will take effect Monday after a judge declined to block it. Hemp Quarters 605, a Pierre-based shop that sells those products, filed a lawsuit earlier this […]

Lindenwood University proceeds with staff layoffs after enrollment concerns

ST. CHARLES, Mo. – Lindenwood University faces another round of layoffs as the university anticipates lower student enrollment this fall due to FAFSA delays. FOX 2’s news partners at the St. Louis Post-Dispatch report that Lindenwood laid off 12 staff members and two faculty members, an effort to slash its operating budget by 10% ahead […]

MicroStrategy Buys $786 Million More in Bitcoin With Note Proceeds

(Bloomberg) — MicroStrategy Inc. bought approximately $786 million in Bitcoin with the proceeds raised from the sale of convertible notes. Most Read from Bloomberg The company acquired 11,931 Bitcoin between April 27 and June 19, according to a filing Thursday with the US Securities and Exchange Commission. The purchases raised its overall holdings to 226,331 […]

Genesis Completes Redemption of GBTC Shares, Buys 32K Bitcoins with Proceeds

Genesis has sold its shares of Grayscale Bitcoin Trust (GBTC) and used the proceeds to buy 32,041 bitcoins The bitcoins are worth $2.2 billion at today’s prices Bankrupt crypto lender Genesis has completed the sale of its Grayscale Bitcoin Trust (GBTC) shares and used the proceeds to purchase 32,041 bitcoins, according to court documents filed […]

NACC set to receive $1M from NYPA power proceeds

Mar. 28—The Niagara Arts and Cultural Center has been awarded $1 million in New York Power Authority power proceeds funding toward its restoration. The $8.5 million restoration project includes upgrading the NACC’s Legacy Theatre, restrooms, and energy infrastructure. The work is also being supported by a $4 million capital grant from the Regional Economic Community […]