On September 21, according to Arkham’s monitoring, a substantial movement of Bitcoin was observed, amounting to $15.95 million or 250 BTC. This transfer originated from five distinct addresses that had
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Source: CoinOtag
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MicroStrategy Raises $1 Billion Ahead of Latest Jumbo Bitcoin Purchase
MicroStrategy has completed an approximately $1.01 billion offering of 0.625% convertible senior notes due in 2028, with plans to use a portion of the proceeds for Bitcoin acquisition. The private offering, which concluded on Sept. 19, targeted institutional investors and enabled the conversion into cash or MicroStrategy stock. The company also plans to use part of the funds to redeem $500 million in senior secured notes, releasing collateral that includes 69,080 Bitcoin. On Sept. 20, according to the latest Form 8-K submitted by MicroStrategy to the United States Securities and Exchange Commission, between Sept. 13 and 19: “MicroStrategy acquired approximately CoinOtag
Avalanche (AVAX) Faces 12-Month Low in Active Addresses Amid C-Chain Activity Shift and Institutional Adoption Focus
Avalanche, initially seen as a faster and more economical alternative to Ethereum, is now pivoting towards institutional adoption. The active addresses on Avalanche’s C-Chain have dropped sharply to 31,000, a CoinOtag