Strategy has started buying back its underperforming STRC preferred shares to reduce the company's dividend bill, spending $25mn to retire securities carrying about $3.5mn in annual distributions at the current rate. The company also sold common stock to bolster the reserve used to cover dividends on its remaining preferred shares.
ChangXin Memory Technologies (CXMT) listed on Shanghai's STAR Market on 27 Jul and closed its first session 466% above the offer price, leaving the memory-chip maker the most valuable company listed in China. An offshore perpetual futures contract on its shares had been trading for 12 days by then.
An algorithmic stablecoin is a cryptocurrency designed to maintain a price peg—often to a fiat currency like the U.S. dollar—without being backed by reserves.
"I bought my first Bitcoin in 2014 and, by the way, I haven’t sold any since then. I’m a believer in all crypto."
World Foundation has raised $52.5mn through a sale of locked WLD tokens led by Pantera Capital, days after Grayscale filed to launch the first exchange-traded fund (ETF) tied to the Sam Altman-backed digital identity project.
