China News Today TheBitTimes.com

MicroStrategy (NASDAQ: MSTR), a leading company holding a substantial amount of Bitcoin (BTC), remains steadfast in its commitment to cryptocurrency. The publicly traded firm has further increased its holdings of flagship crypto. MicroStrategy company had expanded its Bitcoin holdings via the acquisition, which amounted to approximately $615.7 million or 14,620 Bitcoin, equivalent to $42,110 per Bitcoin, as announced by its owner, Michael Saylor, via X post on December 27. This announcement has been confirmed by the form released by the Securities and Exchange Commission (SEC) that between November 30, 2023, and December 26, 2023, MicroStrategy and its subsidiaries acquired the above-specified amount in this period. MicroStrategy now holds more than 180,000 Bitcoin Along with the announcement of the new acquisition, Saylor shared the update, which stated that Microstrategy now holds 189,150 BTC, obtained for approximately $5.9 billion at an average cost of $31,168 per Bitcoin. ...

Hodlnaut’s court-appointed judicial managers are reportedly in the process of signing non-disclosure agreements with the potential buyers. Troubled cryptocurrency Lending firm Hodlnaut is reportedly working with several potential investors to sell its Business and other assets. A number of potential buyers have inquired about purchasing Hodlnaut and its claims against the collapsed crypto exchange FTX, Bloomberg reported on Feb. 6. Hodlnaut’s interim judicial managers have received multiple proposals to acquire its Singapore-based crypto business after the company sought protection from creditors. Citing an affidavit, the report notes that the judicial managers are now in the process of signing non-disclosure agreements with the potential investors. The affidavit reportedly indicated that as of Dec. 9, Hodlnaut Group owed a total of $160.3 million — or 62% of outstanding debt — to companies and entities like Algorand Foundation, Samtrade Custodian, S.A.M. Fintech and Jean-Marc T...