Bitcoin mining firm Bit Digital sold 280 BTC to increase its ETH holdings
On July 7th, the cryptocurrency company Bit Digital has relocated all of its cryptocurrency assets to Ethereum. The company sold 280 Bitcoins and utilized the proceeds to acquire a greater amount of Ethereum.
The Bitcoin mining enterprise Bit Digital announced on social media that the company is firmly betting on the long-term value of Ethereum. Bit Digital now holds a total of 100,603 ETH and will continuously and actively increase its holdings with the aim of becoming a global leader in Ethereum asset holdings. As a cryptocurrency company focused on Ethereum asset management, it is fully positioning itself within this generation's most influential digital asset—ETH.
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RWAfi Public Chain Project Plume Announces Strategic Partnership with TRON
On July 7th, Plume, a full-stack chain and ecosystem dedicated to Real World Asset Finance (RWAfi), announced a strategic integration with TRON to launch SkyLink on the TRON network.
The official announcement indicated that TRON has a large global user base, achieves the highest stablecoin transaction volume and throughput in the cryptocurrency field. Now, its users can directly obtain the asset-backed benefits of tokenized US Treasury bonds, private credit, and other real-world financial products issued by Plume. With the launch of SkyLink, stablecoins circulating on TRON can be directly utilized for RWA yield strategies and institutional-grade investment assets. Meanwhile, it expands Plume's influence to one of the world's largest and most active decentralized finance (DeFi) user communities.
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Bernstein: Improvement in the Regulatory Environment Will Drive the Arrival of the 'Equity Tokenization Wave'
July 7th. Even in the face of opposition from OpenAI, Robinhood still launched its tokenized stock product during a high-profile event at last week's Cannes. The controversial OpenAI private equity token was categorized as a derivative. Bernstein analysts pointed out that the company is wagering on SEC policy support and the passage of the "CLARITY Act" to open up the tokenized asset market.
Bernstein analysts hold the view that despite the attention generated by the Robinhood-OpenAI dispute, an improvement in the regulatory environment will lead to the arrival of the "equity tokenization wave." While privately held companies like OpenAI and SpaceX already have liquidity in the private market, there remains a strong demand to tokenize illiquid private assets. "Robinhood has successfully drawn market attention to the concept of tokenization through this launch. The company will continue to refine its products with the aim of establishing a stock trading platform for both public and pri
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US Stock Listed Company DDC Increases Position to Buy 230 BTC
On July 7th, according to official information, DDC Enterprise Limited (NYSE: DDC) declared today that as part of its continuous corporate asset allocation strategy, it has once more acquired 230 bitcoins (BTC). This supplementary purchase has increased the company's total bitcoin holdings to 368 coins.
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Strategy plans to issue $4.2 billion in STRD shares to raise funds
On July 7th, as per official channels, Strategy (with Nasdaq stock codes: MSTR, STRK, STRF, STRD) announced today that it has entered into a sales agreement to issue 10.00% Series A Perpetual Preferred Stock (referred to as "STRD Stock"). Each share has a par value of $0.001, and the offering aims to raise up to $4.2 billion through an At-The-Market (ATM) offering.
Strategy indicated that the company plans to carry out this ATM offering over an extended period, taking into account the market trading price and volume of the STRD Stock. The proceeds will be used for general corporate purposes, such as Bitcoin asset allocation, working capital, and the payment of dividends to other preferred stockholders (including 10.00% Series A Perpetual Preferred Stock and 8.00% Series A Perpetual Preferred Stock).
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