Grayscale’s Bitcoin trusts have long provided institution-grade exposure to Bitcoin for the financial world’s high rollers. Three Arrows Capitol’s 6% position (which is, coincidentally, just over 21 million shares, perhaps a nod to Bitcoin’s total supply) is worth 20,000 BTC. The form detailing this information, Schedule 13D, is a requisite for any company taking a 5% or more stake in a given firm’s shares.
Three Arrow Capital’s 20,000 Bitcoin allocation is just a drop in the bucket, though, of the roughly 360,000 Bitcoin ($3.4 billion) the company custodies for its clients.
This news comes after unconfirmed reports from TechCrunch founder and investor Michael Arrington which suggest that Three Arrows Capital had purchased a 10% stake in the Derebit exchange, a leading playing the Bitcoin options trading world, at a $350 million valuation and then immediately tried to flip their stake for a $700 million valuation.
Ok, so this crazy Derebit story I mentioned last week. https://t.co/p8oC8Ov1H4 It's a shakespearean drama. Press has been asking me (and everyone else) about it. Instead of saying it all off record, here's what I know.
Strive Asset Management is still pushing GameStop to buy as much Bitcoin as it can, and as quickly as possible. But there is ongoing debate within the company about how much Bitcoin GameStop is willing to buy, Strive CEO Matt Cole told Decrypt on Thursday.
“You should expect that they're going to buy some Bitcoin,” Cole said. “But I don’t think it’s decided how much they will go in that direction.”
The video game retailer announced a month ago that it could start purchasing Bitcoin as a treasury...
Multiple victims have been attacked by what appears to be a North Korean campaign that targets cryptocurrency developers using fake U.S. companies.
According to a Reuters report, two fake companies, Blocknovas LLC and Softglide LLC, were created by North Korean cyber spies to infect developers in the crypto industry with malicious software.
🚨 NEW THREAT REPORT: Contagious Interview (DPRK) Launches a New Campaign Creating Three Front Companies to Deliver a Trio of Malware: BeaverTail, Invisible...
Investment firm RockawayX has successfully secured $125 million for a new early-stage venture capital fund, intended to support crypto-focused communities, particularly those centered around Solana.
The investment firm plans to direct its newly raised funds toward discovering and financing projects that enhance the growth of the Solana ecosystem, recognized as the second-largest Layer 1 by total value locked, according to a statement by RockawayX.
“Rather than investing in more L1s, we focused...