Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?
MicroStrategy offers leveraged Bitcoin exposure, amplifying risk but potentially offering higher returns with repurchasing options. Go to Source
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Microsoft’s Surprising Stance on Bitcoin as a Treasury Asset – Why They’re Saying No
Microsoft’s board is urging shareholders to reject a proposal examining bitcoin as a treasury diversification asset. Bitcoin in Microsoft’s Treasury? The Proposal Sparking Debate This week, speculation around Microsoft’s Dec. 10 shareholder meeting is circulating, as a recent U.S. Securities and Exchange Commission filing outlines a proposal that’s turning heads. Advanced by the National Center … Read more
Microsoft shareholders propose firm to look into investing in Bitcoin
Microsoft’s board is already recommending voting against it, arguing they already “evaluate a wide range of investable assets,” including Bitcoin. Go to Source
Bitfarms postpones ‘special meeting’ over Riot’s board change demand
Bitfarms delayed its special shareholders’ meeting to address Riot’s demand for board changes, aiming for an informed decision. Go to Source
Tesla investors sue Elon Musk for diverting resources, talent to xAI
Shareholders accused Tesla boss Elon Musk of “brazen disloyalty” with his xAI startup that created “billions in AI-related value at a company other than Tesla.” Go to Source
Switzerland preparing emergency measures for UBS’ takeover of Credit Suisse: Report
The emergency preparation will allow the takeover to proceed without the usual “six-week consultation period” with shareholders, according to people familiar with the situation. Go to Source Powered by WPeMatico
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit Suisse. According to unnamed sources familiar with the … Read more
Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders
The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and … Read more
Alameda Research Sues Grayscale Investments Seeking to Unlock Billions in Value for Shareholders
FTX Debtors and affiliate Alameda Research Ltd. have filed a lawsuit against Grayscale Investments, seeking injunctive relief to unlock $9 billion in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts. The debtors allege that “Grayscale has extracted over $1.3 billion in exorbitant management fees in violation of the trust agreements.” FTX Debtors Accuse … Read more
Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets
Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 billion, “depending on their evaluation of the situation.” Additionally, the crypto investment manager Osprey has … Read more
