The debt is convertible into capital of the company and has an interest rate of 3% per year, maturing in 2026. Among the new areas of expansion are non-fungible tokens, or NFTs, and the company has committed USD 62 million of its capital in 22 NFT-related companies since the beginning of the year.
MicroStrategy buys $414.4 million worth of Bitcoin, with a total BTC balance exceeding $3.5 billion
Over the years, Galaxy Digital founder and CEO Mike Novogratz has been a famous bull investor in Bitcoin (BTC) and other cryptocurrencies. He has asked other investors to allocate between 1 and 5% of his equity to cryptocurrencies. Under his leadership, the company's assets under management surpassed $3 billion in an update provided in October and they have become one of the largest digital currency investment firms in the world.
The company is registered in the Cayman Islands and its shares are listed on the Toronto Stock Exchange, Canada. However, it is in the process of restructuring to list its shares in the United States next year. The Securities and Exchange Commission has yet to approve its possible debut in the US market.
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