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blockonomi.com Metaplanet Turns to Preferred Shares to Boost Bitcoin Per Share

TLDR: Metaplanet aims to boost Bitcoin per share using preferred shares rather than common equity dilution. Preferred shares let the firm raise capital at fixed dividend rates while maintaining ownership ratios. Simon Gerovich’s model shows a 30% Bitcoin growth and 6% dividend yields 8.6x long-term mNAV gains. Metaplanet plans to use Bitcoin-backed yield tools to [...] The post Metaplanet Turns to Preferred Shares to Boost Bitcoin Per Share appeared first on Blockonomi.

blockonomi.com DeFi Development Corp Expands Solana Holdings Past $426M Mark

TLDR: DeFi Dev Corp adds $9.6M worth of Solana, lifting total holdings to over $426M. The new purchase strengthens Solana per share value across the firm’s treasury. The firm’s strategy focuses on asset-backed expansion, not speculative trading. Solana remains central to DeFi Dev Corp’s long-term blockchain participation goals. DeFi Development Corp (DeFi Dev Corp) has [...] The post DeFi Development Corp Expands Solana Holdings Past $426M Mark appeared first on Blockonomi.

bitcoinist.com BlackRock Plans Tokenization as IBIT Surpasses $100B in AUM and $HYPER’s Presale Reaches $23.9M

Quick Facts: 1️⃣ BlackRock’s spot Bitcoin ETF IBIT surpassed $100B less than two years after its release on January 11, 2024. 2️⃣ Larry Fink announced a long-term plan to tokenize all assets, from funds to stocks and cash. 3️⃣ Fink argues that bubbles don’t impact long-term investors and that time in the market outweighs opportunistic […]

bitcoinist.com Ripple Expands Corporate Treasury Reach With $1 Billion Acquisition Of GTreasury

On Thursday, Ripple, the company behind the XRP cryptocurrency, announced a significant step forward in its growth strategy with the $1 billion acquisition of GTreasury, a leading player in treasury management systems.  Ripple’s GTreasury Deal  The acquisition of GTreasury marks a pivotal expansion for Ripple, granting it immediate access to the multi-trillion dollar corporate treasury […]