Public Keys: Strategy Stretches Bitcoin Raise and BlackRock’s Ethereum ETF Hits Warp Speed
BlackRock's Ethereum ETF, known as ETHA, reached $10 billion in assets within 251 days, making it the third-fastest ETF to achieve this milestone. In comparison, Bitcoin ETFs reached similar figures significantly faster. Meanwhile, MicroStrategy is raising up to $2.5 billion through a new preferred stock offering to further increase its Bitcoin reserves, despite facing legal challenges regarding prior stock amendments. Additionally, MARA Holdings announced a $950 million debt raise to support operations and acquisitions, resulting in a 12% drop in its stock price. While analysts see the dip as temporary, they expect MARA's stock performance to stabilize due to Bitcoin's encouraging price trends. The market also saw significant movements with large-scale Bitcoin transfers and liquidations, shaking the landscape as investors adapt to the evolving cryptocurrency environment.
Source 🔗