#acquisition

El Salvador’s Bitcoin Office has revealed the country’s latest Bitcoin acquisition, adding 11 more coins to its reserves. The purchase, valued at approximately $1,071,422, was made at an average price of $97,402 per coin.

Yuga Labs, the powerhouse behind Bored Ape Yacht Club and ApeCoin, announced the acquisition of Tokenproof, a Web3 tokenization service, along with its technical team.

Publicly traded mining giant MARA Holdings Inc. has unveiled a $700 million convertible senior note issuance, maturing in 2031. Funds will be directed toward expanding its Bitcoin portfolio.

Singapore Gulf Bank is preparing to acquire a company specializing in stablecoin payments. To fund the acquisition, the bank aims to raise at least $50 million in a new financing round. The deal is expected to close by early 2025.

Crypto data analytics platform Dune announced the acquisition of smlXL, another blockchain data provider.

On September 20, Michael Saylor’s MicroStrategy revealed that it had purchased another 7,420 BTC, with the acquisition totaling approximately $458.2 million.

CleanSpark, a mining company, is acquiring the U.S.-based infrastructure firm GRIID for $155 million. The boards of both companies have approved the deal, which now requires the nod from other shareholders and regulatory bodies. The acquisition is expected to be finalized by the third quarter of 2024.

The U.S. Federal Trade Commission (FTC) is investigating Microsoft for potentially trying to circumvent antitrust regulations in its $650 million acquisition of AI startup Inflection AI. The agency has requested pertinent documents and is conducting a preliminary review.

Ripple (XRP), a cryptocurrency company, has just finalized the purchase of Standard Custody & Trust Company, a subsidiary of PolySign that specializes in corporate governance and the custody of digital assets. The transaction details, including the financial aspect, are yet to be revealed.

In a low-key yet significant move, Tether, the company behind USDT stablecoin, added 8,888.88 BTC (approximately $380 million) to its reserves in the previous quarter. This acquisition increased its Bitcoin stash to a hefty 66,465 BTC, valued at $2.8 billion, adhering to its policy of monthly Bitcoin purchases since September 2022.

December 16 saw Michael Saylor announce yet another BTC acquisition for MicroStrategy. Six weeks of consistent buying seem to validate Schiff’s pointed critiques.

MicroStrategy, the top corporate Bitcoin investor, continues to bolster its crypto reserves. Its latest acquisition of 15,400 BTC amounted to $1.5 billion, purchased at an average price of $95,976 per coin.

On November 25, MicroStrategy CEO Michael Saylor announced the acquisition of 55,500 Bitcoin at an average price of ~$97,862, totaling $5.4 billion. As of November 24, 2024,

President-elect Donald Trump reveals his commitment to the crypto sector with significant developments, including a meeting with Coinbase CEO Brian Armstrong and potential acquisition of Bakkt.

The Avalanche Foundation has finalized the acquisition of 1.97 million AVAX tokens from the liquidated Luna Foundation Guard (LFG). LFG initially acquired these tokens to support the Terra blockchain ecosystem during its active period.

Chipmaker AMD plans to acquire ZT Systems, a provider of advanced computing systems, for $4.9 billion to bolster its position in the AI chip market. The primary goal is to challenge the industry leader, Nvidia.

The popular metaverse project The Sandbox has announced its acquisition of several meme coins, including PEPE, SHIB, DOGE, and BONK. This move is aimed at bolstering the Web3 ecosystem and fostering a culture of creativity, essential elements in any metaverse.

Donald Trump's venture into social media with Truth Social is gearing up for a stock market debut, thanks to a merger deal with Digital World Acquisition getting the green light from investors. The stock could potentially trade under Trump's initials, DJT.

JCapital Research analysts have issued a warning about the potential for a significant drop in Hut 8 Mining Corp (HUT) shares, citing possible involvement in fraudulent schemes like Pump & Dump. This alert is primarily based on the company's recent acquisition of US Bitcoin (USBTC) and the ensuing merger.

Marathon Digital (MARA), a leading public Bitcoin mining company, has finalized a deal to acquire two mining facilities with a combined capacity of 390 megawatts for $179 million from Generate Capital's subsidiaries. This acquisition is set to boost MARA's self-operated production capacity from a mere 3% to a substantial 45%.