Tell Me

Bloomingbit Newsroom

Summary

President-elect Trump of the United States has nominated pro-cryptocurrency figures to head financial regulatory agencies, leading to active virtual asset trading.
MicroStrategy has raised funds by issuing convertible bonds worth $6.2 billion this year, and Core Scientific and others have also attracted large-scale funds.
With Bitcoin surging, the stock prices of Mara Holdings, Riot Platforms, and Core Scientific have risen by 63%, 33%, and 30%, respectively.

[Digital Today AI Reporter] It has been reported that President-elect Trump of the United States has been nominating pro-cryptocurrency figures to head financial regulatory bodies such as the SEC, leading to a surge in convertible bond issuance by cryptocurrency companies.

According to Bloomberg on the 9th (local time), MicroStrategy has issued convertible bonds worth $6.2 billion this year, which is part of a recent plan to raise $21 billion. Mara Holdings recently executed a bond sale of over $2 billion, riding the Bitcoin craze, and Core Scientific has raised over $1 billion so far this year.

The media stated, "With Trump nominating Paul Atkins as SEC Chairman on the 4th, Bitcoin soared above $100,000. The sharp increase in value has led retail investors to issue convertible bonds to purchase cryptocurrencies."

There is also a high possibility of additional transactions. Bitcoin mining company Riot Platforms announced plans to sell $500 million worth of convertible bonds this week to purchase more Bitcoin.

MicroStrategy's stock price has risen by 73% since the election, and during the same period, the stock prices of Mara Holdings, Riot Platforms, and Core Scientific have increased by 63%, 33%, and 30%, respectively. Bitcoin has risen by over 40%, nearing $100,000.

good