• MicroStrategy’s Bitcoin Investment: • Announced a $525 mi | Bitcoin & Crypto Trading
• MicroStrategy’s Bitcoin Investment: • Announced a $525 million convertible debt offering to buy more Bitcoin. • Offering upsized from $500 million, with potential total proceeds around $600 million. • Aims to add to its existing 205,000 Bitcoin stack. • New notes have an interest rate of 0.875% per annum. • Coinbase’s Earnings Outlook: • JPMorgan says Ethereum and its token ether (ETH) could be a significant driver of Coinbase earnings. • Price target for Coinbase raised to $150 from $95. • Ethereum use cases seen as creating a robust earnings driver for Coinbase. • Development focused on tokenization and payments expected to drive long-term success.
