Strategy Raises 2 Billion of Convertible Debt
Strategy (aka MicroStrategy) announced plans to privately offer $2.0 billion in 0% convertible senior notes to purchase additional Bitcoin and company growth. The notes will mature for payment on March 1st 2030. If Saylor uses all these funds to buys Bitcoin this could translate into a purchase of over 20,000 coins.
Utah Strategic Bitcoin Reserve Bill advances to the Senate where the bill has been assigned to the Revenue and Taxation Committee for further deliberation. The public hearing is set for Feb 20th at 9:00AM.
The world’s first spot XRP exchange-traded fund (ETF) is set to soon debut in Brazil after being approved by the country’s securities regulator.
Quick Hits
- Today Fold (FLD) became the first Bitcoin only financial services company to go public and listed on the NASDAQ
- US Senate confirmed Howard Lutnick as commerce secretary. Lutnick stepped down as the CEO of Cantor Fitzgerald, an investment firm with ties to Tether. Also Lutnick has publicly stated he owns very large bag of Bitcoin.
Portfolio - February 19, 2025
Graph below shows my current Crypto and Stock allocation. The ticker symbols are displayed for each stock. I will update this graph as I make modifications to my allocations.
