MicroStrategy To Issue Debt To Buy Bitcoin For A Second Time In Two Weeks
MicroStrategy (NASDAQ: MSTR) is looking to issue more debt just days after completing an $800 million convertible debt offering of senior notes, with the intent of buying even more bitcoin. The tech company last night after the bill indicated it is aiming to sell a further $500 million in convertible senior notes to institutional buyers. […]
Dollar Tree to Close Nearly 1,000 Stores Amid Disappointing Outlook
Dollar Tree Inc. (NASDAQ: DLTR), the major discount retail chain, delivered disappointing financial results on Wednesday that missed market expectations for the crucial holiday quarter. The company also outlined plans to shutter nearly 1,000 Family Dollar stores as it aims to revitalize the struggling business segment. Like other dollar store operators, Dollar Tree has grappled […]
ISIS Turns To Crypto To Fund Operations Globally
The Islamic State (IS) militant group is increasingly turning to cryptocurrencies like Tether to raise and transfer funds globally, including in Africa, according to a coalition of nations working to disrupt the group’s financing. While IS still heavily relies on informal money transfer services, some affiliates, particularly in West Africa, are making payments using virtual […]
Patient Capital Management To Invest Up To 15% Of Book In Bitcoin ETFs
In a recent filing with the US Securities and Exchange Commission (SEC), Patient Capital Management has revised the prospectus for its Patient Opportunity Trust. The key change involves replacing Grayscale Bitcoin Trust (GBTC) with a broader range of exchange-traded products (ETPs) that invest primarily in Bitcoin (BTC). According to the filing, the fund may now […]
‘Sour Grapes’: Singapore’s Neighbors Aren’t Too Happy About This Exclusive Taylor Swift Deal
Singapore’s success in locking Taylor Swift has made neighboring countries a little envious. The singer played six sold-out nights in the city-state last week, bringing in an estimated $260 million to $375 million in tourism receipts, according to the Washington Post. Fans across the region have long wondered why Swift only chose to play in […]
PharmaDrug: A Path To Safe Supply
In this interview, David Kideckel, CEO of PharmaDrug (CSE: PHRX), discusses the company’s groundbreaking biosynthetic manufacturing method for pharmaceutical-grade cocaine for safe supply.
Gaming Companies Secretly Partnering with FBI, DHS to Monitor Extremism —Report
Federal agencies are quietly collaborating with major gaming companies to monitor and root out domestic extremist content on their platforms, according to a new government report. The report from the Government Accountability Office (GAO) reveals previously undisclosed partnerships between the the Federal Bureau of Investigation (FBI), Department of Homeland Security (DHS), and companies like Roblox, […]
US Orders Binance’s Changpeng Zhao to Surrender Passports
The United States has mandated that former Binance CEO Changpeng Zhao surrender all his passports, whether active or expired, to a third party, as disclosed in a legal filing submitted yesterday. The alteration in Zhao’s bond conditions for release was initiated by United States District Judge A. Jones, which now requires Zhao to stay within […]
Premiers Continue To Push Against Carbon Tax, Furey Asks Trudeau To Pause April 1st Increase
Tensions are escalating between the federal government and several provinces over the upcoming increase to Canada’s carbon tax on April 1st. The tax on carbon emissions is set to rise from $65 to $80 per tonne as part of scheduled annual hikes until 2030. The latest opposition comes from Newfoundland and Labrador Premier Andrew Furey, […]
Wesdome Gold Reports “Strong” Q4 2023, Aims For Free Cash Flow In 2024
Wesdome Gold Mines (TSX: WDO) has unveiled its financial results for the fourth quarter and the year ending December 31, 2023 as it plans for higher production and free cash flow in 2024 and 2025. “We closed 2023 with a stronger balance sheet and performed well relative to our 2023 operating targets. With the release […]