MicroStrategy: Is Raising $600 Million To Buy Bitcoin The Right Move?
MicroStrategy (Nasdaq: MSTR) has announced plans to raise $600 million through the offering of convertible senior notes due 2030, aiming to bolster its holdings of bitcoin. The notes, which will be unsecured senior obligations of MicroStrategy, are set to bear interest semi-annually and will mature on March 15, 2030, unless redeemed or converted earlier. MicroStrategy […]
China Coast Guard Harasses Philippine Vessels in West Philippine Sea, Resulting In Collision, Minor Injuries
China Coast Guard (CCG) and Chinese militia vessels engaged in aggressive actions against Philippine boats in the West Philippine Sea, escalating tensions in the disputed waters. The Chinese ships “harassed, blocked, deployed water cannons, and executed dangerous maneuvers” against Philippine Coast Guard (PCG) patrol vessels BRP Cabra and BRP Sindangan conducting a resupply operation. Philippine […]
US Northeast Gasoline Reserve To Be Sold Off
The United States is looking to sell its 1 million barrel Northeast Gasoline Supply Reserve in the fiscal year 2024, as indicated by a draft text of a forthcoming funding bill unveiled on Sunday. This reserve was initially set up in 2014 in the aftermath of Superstorm Sandy, which caused widespread fuel shortages across the […]
Marathon Digital Adds 15 Million Shares To Compensation Package For Management
Marathon Digital Holdings (NASDAQ: MARA) has filed a registration statement on Form S-8 with the Securities and Exchange Commission (SEC), registering an additional 15,000,000 shares of its common stock. These shares, with a par value of $0.0001 per share, are earmarked for issuance under the company’s amended and restated 2018 equity incentive plan. This move […]
Elon Musk’s Talks With X’s Lenders ‘Falters’
A consortium of seven lenders led by Morgan Stanley (NYSE: MS) is left with a $12.5 billion debt from Elon Musk’s $44 billion takeover of Twitter, now known as X, according to a recent report from Bloomberg. Conversations between the banks and Musk’s team, which occurred earlier in the year but “faltered” according to the […]
Documents Reveal Trudeau Shut Down An Investigation Into COVID-19 Lab Research Breach
Documents released by the Canadian government this week shed light on the intricate web of connections between Canadian scientist Xiangguo Qiu and the Wuhan Institute of Virology (WIV) in China, raising serious questions about the origins of the COVID-19 pandemic. Qiu, while employed by Canada, was clandestinely involved in transferring lethal virus samples to China. […]
Lithium Chile Farms Out Four Chile Properties, Exploration Spend Projected To Hit US$20 Million
A major European mining group apparently has interest in Chilean lithium. Lithium Chile (TSXV: LITH) this morning has signed a farm-in agreement with Eramet, a global leader in metal extraction and transformation, for four of its properties in Chile.
Global Atomic Reports After-Tax NPV (8%) Of $917 Million For Dasa Project
Global Atomic Corp (TSX: GLO) has released an updated feasibility study for its Dasa Project, which is located in Niger. The study has outlined an after-tax net present value (8%) of $917 million, which is based on $75 per pound uranium, a massive increase from the prior estimate of $147 million under the original feasibility […]
China Sets Economic Growth Target To ‘Around 5%’, Boosts Military Budget By 7.2%
China has set a bold economic growth target of approximately 5% for 2024, aiming to overhaul its economic model amidst a variety of challenges. This announcement was made by Premier Li Qiang at the opening of the annual week-long National People’s Congress (NPC) in Beijing on Tuesday. It was Li’s first report to China’s rubber-stamp […]
Noem Gives Updates On Massively Ambitious, Possibly Unrealistic The Line Project
Saudi Arabia’s ambitious The Line project is underway — and the megastructure, at least its first phase, is “progressing rapidly” according to a new video from NEOM. “The first phase of The Line will be complete by 2030,” Development Officer Denis Hickey said in the video. “We are committed,” he added. The Line aims to […]