Bitcoin on the Balance Sheet? Corporate Buying Might Become a Global Trend
Bitcoin and ether (ETH, -0.73%) purchases by companies in Scandinavia and Hong Kong are fueling speculation a wave of non-U.S. corporate treasurers might follow MicroStrategy, Tesla and Square into buying cryptocurrencies, according to a new report by the Norwegian analysis firm Arcane Research.
Hong Kong-listed Meitu, a maker of photo-retouching software, said it bought 15,000 ETH and 379 BTC (+3.58%) in open-market transactions last week. Arcane figures the company paid an average $47,230, well below the current market level of around $57,000.
In addition, on Monday Aker, a Norwegian energy engineering company, added 1,170 BTC to its balance sheet, paying approximately $58 million, at an average price of around $49,600.
Recommended News
-
Much Wow: Slim Jim Has a Dogecoin Strategy. News of It Sends DOGE to a New ATH
Smoked meat stick vendor Slim Jim has an actual official dogecoin (DOGE, +97.74%) strategy. And it appears to be working, big time. News of this tie-up, which CoinDesk broke earlier Thursday, sent the price of DOGE to a new record. The social media-savvy snack food saw its Twitter follower count increase 160% and tweet impressions soar to the moon (35 million impressions in 25 days) after it began engaging in Shiba Inu meme coin content last quarter, according to the CEO of parent company Conagra Brands. “We’ve seen a marked uptick in audience…
04/15/2021 -
In 50,000 metaverse games, this one has the greast possibility to be the KING!
BTC was born to be the “leader” of the blockchain, but the “leader” of GAMFI has not yet been determined. With the advent of metaverse, ordinary GAMFI games are suffering an eclipse. There is no doubt that if there is a project that leads the metaverse field, it will be the king to control this arena! Science fiction movies such as “Ready Player One”, “Free Guy”, and “The Matrix” introduce us the concept metaverse, which has been predicted by many giant technology companies to be the next BIG THING. The term Metaverse comes from Neil…
10/13/2021 -
CoinW’s co-branded world-class fighting champion limited NFTs, are now available on OpenSea.
The Kunlun fight & Chan FC World Fighting Championship Dubai ended perfectly on June 25, 2022. The championship was sponsored by CoinW, the world’s leading cryptocurrency exchange, and brought together internationally famous fighters to provide fight fans with a blood-curdling feast for the senses. After the competition, CoinW and Kunlun fight’s co-branded limited NFTs were officially launched on Opensea, setting off a rush of purchases by users. Collection of world-class fighting moments: According to the official introduction by CoinW, the content of the NFT on sale is a collection of…
06/26/2022 -
The dark horse of the decentralised storage industry, crushing the FIL, what is the MACCion FIL II all about?
MACcoin FIL II, invested by Stanford University and Yale University’s investment advisor, is about to start mining, and has already received investments from Slow, Collab Crypto, IDEO and Naval RavikantToken Titan (Titan Capital), HWLLO CAPITAL (Haru Capital), HONGLIAN CAPITAL (Red Chain Capital) NEXT BLOCKCHAIN CAPITAL (NBC Capital), EFUND, Sky Chain Capital and other institutional investment. Becoming a file coin miner is an opportunity for community members to help store and preserve access to humanity’s most important information. By providing network security and infrastructure, MACCion FIL II miners help to build…
05/04/2021 -
Caitlin Long’s Avanti Raises $37M Ahead of Crypto Bank Launch
Crypto bank Avanti raised $37 million from Series A investors as it prepares to take its digital banking operations online. In a press release, parent company Avanti Financial Group said Coinbase Ventures, Binance.US, Morgan Creek Digital, Slow Ventures and the University of Wyoming Foundation, among others, participated in the funding round. Avanti has raised $44 million total, the group said. Avanti said it will put the funds toward meeting regulatory capital requirements and further invest in its engineering team. It gained special-purpose depository institution (SPDI) status in October, joining fellow Wyoming-based crypto…
03/25/2021 -
Enjin Raises $18.9M in Private Token Sale to Build Polkadot Parachain for NFTs
Blockchain platform Enjin has secured a multimillion-dollar funding raise in a bid to migrate its upcoming public blockchain Efinity to Polkadot. According to a press release shared with CoinDesk, Enjin has secured $18.9 million in a private token sale led by Crypto.com Capital, DFG Group and Hashed. Additional support for the raise came from Hypersphere, BlockTower, Blockchain.com Ventures, Fenbushi, Iconium, HashKey, Arrington XRP Capital, DeFi Alliance, among others, in what represents continued investor interest in non-fungible tokens (NFTs) as a gateway to mainstream adoption. The funding was conducted via a…
Business 03/31/2021 -
Community-Driven Interstellar Metaverse GiiiO Interstellar Explorer, Will List Binance NFT Soon
Recently, the chain game track featuring concepts such as Metaverse and Play to Earn (play to earn) has become more and more popular, accompanied by the wealth effect brought by playing earning games and the influx of a large number of users. This track where encryption technology is fully applied in the game industry has attracted the attention of the industry. This article will select the “potential stocks” projects that may be underestimated in the chain game track in the near future according to the current development status and…
03/18/2022 -
Wan Wu Chao Sheng and Artist Chunren Jointly issue NFT Digital Art, Helping the Creator Economy
My artistic view is that my creation must spread “truth, goodness and beauty”. I want it to be full of “innocence” and “empathy” because those bring people heartfelt fulfillment. –Famous artist Chunren The Internet, which was born in 1969, has been changing the world around us, and has opened up a new era of creator economy. Everyone can become a creator and upload their own content through the Internet. In the past two decades, the Internet has maintained rapid development, and Web2 content platforms such as Facebook, Youtube, and Instagram…
03/13/2022 -
In order to build the Mobius ring planet, Baidu Xirang will soon issue XR, the token of Xirang.
The direction of Baidu Xirang’s efforts is to become a metaverse engine, providing AI and cloud computing capabilities for Xirang and other metaverse products, and the token XR (1 billion pieces) will be issued soon. Metaverse’s real-time high-brush immersive experience screen effects and multi-person interactions in the same space require massive computing power, algorithm support, and a lot of R&D investment. Therefore, technical strength will become a key part of future Metaverse competition. Baidu has maintained high-intensity R&D investment for a long time. XR will become the only token in…
Business 01/15/2022 -
KHC ATTACK:technology is the primary productive force
In 2009, some digital assets such as bitcoins and their successors ethereum、Ripple, jumped a thousand fold in just a few years, attracting investors from all over the world. Investing in digital assets has been increasingly accepted by people around the world,and it has become a new way of value investment , which contains the lure of sudden wealth. What‘s more ,the huge future value and development prospects of the blockchain. However, the development of blockchain industry has just been through 10 years. The industry is still in the early stage, so there is no uniform standards…
04/20/2021