Daily Archives: 24/05/2025

Strategy Plans to Raise $2.1 Billion to Buy Bitcoin

Strategy announced the launch of a new $2.1 billion Class A preferred stock offering, primarily to fund additional investments in bitcoin. The issue of preferred shares with an annual rate of 10% will be carried out within the framework of the sale agreement that the company entered into with counterparties TD Securities , Barclays Capital and The Benchmark Company , Strategy clarified. Strategy plans to pay dividends on its shares quarterly, exclusively in cash. In…

Major US banks are preparing a single stablecoin

Major US banks, including JPMorgan, Citigroup, Bank of America, are in early talks to form a consortium to launch a single stablecoin, The Wall Street Journal reported. The magazine’s sources said that the launch of the stablecoin is facilitated by the demand for such tokens, as well as a favorable situation with legislation and regulation. The outcome of the negotiations will largely depend on the position of the regulatory authorities, the sources specified. This week,…