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05:16
Ruisheng Asia reduces holdings of BlackRock Ethereum ETF worth $16.21 million
According to documents submitted by Pilgrim Partners Asia to the U.S. Securities and Exchange Commission (SEC), the company sold 620,000 shares of BlackRock's Ethereum exchange-traded fund, iShares Ethereum Trust ETF, in the previous quarter, valued at $16.21 million. Currently, Pilgrim Partners Asia still holds $25.49 million worth of BlackRock Bitcoin ETF and $10.64 million worth of Strategy shares.
05:16
US-listed Company Skysat Plans to Acquire 15,000 Bitcoins Through Equity-Linked Transactions
BlockBeats News, February 4th, according to Cointelegraph, Nasdaq-listed insurance brokerage firm Tranquilidade announced that the company has reached a strategic agreement where an undisclosed investor will contribute 15,000 bitcoins in exchange for equity in the company, currently valued at approximately $1.1 billion. Tranquilidade also stated that the agreement includes a strategic collaboration focusing on artificial intelligence and the crypto field, planning to jointly establish an innovation lab to develop AI-driven trading and risk management tools, blockchain infrastructure, decentralized applications, and products covering Layer 2 networks, DeFi, and non-fungible tokens (NFTs). According to Bitget data, Tranquilidade (TIRX) closed at $0.15, a 98.41% increase. With a market capitalization of about $7.479 million, it is far below the value implied by the proposed Bitcoin transaction. If the deal goes through, with Tranquilidade receiving 15,000 bitcoins, it would become the world's eighth-largest publicly traded Bitcoin treasury company.
05:15
Tether abandons $20 billion fundraising target after investor opposition
According to a report by Bijie Network: Tether CEO Paolo Ardoino downplayed the scale of its potential funding round, clarifying that the previously reported $15 billion to $20 billion target was a "misunderstanding" and was only the maximum valuation. The stablecoin issuer previously faced investor backlash over its $500 billion valuation target and may now only be able to raise $5 billion. Ardoino emphasized Tether's profitability, noting that the company's profit last year was about $10 billion, and defended its high valuation by comparing it to loss-making artificial intelligence companies. He pointed out that the company has attracted widespread attention from investors and highlighted the momentum brought by new U.S. stablecoin legislation and its compliant U.S. token issuance.
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