investments | ForkLog

ForkLog 15 31.10.2024

Reddit Sells Off Bitcoin Reserves

In the third quarter, the social network Reddit divested its reserves in the leading cryptocurrency and Ethereum, valued at nearly $6.9 million, according to a filing with the SEC report. Source: Quarterly report on Form 10-Q. “During the three months ended September 30, 2024, we sold most of our portfolio, which was primarily composed of […]

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ForkLog 24 31.10.2024

MicroStrategy Aims to Raise $42 Billion for Bitcoin Purchases

In its financial results for the third quarter, MicroStrategy reported a loss of $340.2 million and unveiled a plan to raise $42 billion to continue its bitcoin acquisition strategy. The business analytics software provider’s revenue amounted to $116.1 million, falling short of the consensus estimate by about $8 million and down 10.3% from the same […]

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ForkLog 8 30.10.2024

Florida Considers Bitcoin for Pension Funds

Florida’s Chief Financial Officer and Fire Marshal, Jimmy Patronis, has requested the state’s pension fund management agency to explore the possibility of investing in cryptocurrencies. There’s no telling what the future of #cryptocurrency will be, but FL must stay ahead of the curve on getting the best returns for Floridians. Today, I sent a letter […]

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ForkLog 39 24.10.2024

TeraWulf to Raise $350 Million for Share Buyback

Mining company TeraWulf will issue convertible senior notes worth $350 million, maturing in February 2030. The firm will offer buyers an option to purchase an additional $75 million in corporate bonds. Interest on the notes will be paid annually. TeraWulf plans to use the funds for a board-approved $200 million share buyback program and for […]

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ForkLog 40 21.10.2024

Bill Miller Reveals Average Bitcoin Purchase Price

Bill Miller, founder of Miller Value Partners, disclosed that he purchased Bitcoin “at the very beginning” for $200, with an average entry price from 2012 to 2024 of approximately $700. The businessman shared this in an interview with Forbes. According to him, Bitcoin is the only economic unit where supply is not dependent on demand […]

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ForkLog 48 16.10.2024

Praxis Secures $525 Million for AI and Cryptocurrency-Friendly City

The Praxis project has secured $525 million to establish a new city with minimal regulatory barriers, aimed at fostering breakthroughs in AI, cryptocurrencies, biotechnology, energy, and advanced manufacturing. Investors include Arch Lending, GEM Digital, Manifold Trading, Farcaster CEO Dan Romero, Dragonfly CEO Tom Schmidt, Dragonfly General Partner Rob Hadyk, Worldcoin co-founder Max Novendstern, among others. […]

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ForkLog 19 03.10.2024

OpenAI Secures $6.6 Billion, Valued at $157 Billion

The AI firm OpenAI has raised $6.6 billion, valuing the company at $157 billion. This transaction ranks among the largest in the history of venture capital investments. “The new funding will allow us to double down on leading-edge AI research, expand computational capabilities, and continue developing tools to help people solve complex problems,” the company […]

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ForkLog 16 18.09.2024

Bitget and Foresight Ventures Acquire $30 Million in Toncoin

The cryptocurrency exchange Bitget and the fund Foresight Ventures have announced the acquisition of Toncoin (TON) worth $30 million from major holders, as reported by CoinDesk. Investor representatives told the publication that the transaction was not structured as a traditional venture capital infusion. The tokens were purchased directly from unnamed figures within The Open Network […]

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ForkLog 11 18.09.2024

Microsoft and BlackRock Form $100 Billion AI Investment Group

Microsoft, BlackRock, and others plan to raise up to $100 billion for investments in the development of data centers and energy infrastructure for AI. “The $100 billion investment potential will enhance America’s competitiveness in artificial intelligence while simultaneously meeting the growing need for energy infrastructure to support economic growth,” the statement said. BlackRock, Microsoft, investors […]

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ForkLog 11 12.09.2024

OpenAI Valuation Soars to $150 Billion, Reports Suggest

OpenAI is reportedly in talks to raise $6.5 billion, valuing the company at $150 billion. This information comes from Bloomberg, citing sources. The AI startup also aims to secure $5 billion from banks through a revolving credit line. Earlier reports from the media indicated that Sam Altman’s company was in discussions with investors to raise […]

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ForkLog 17 04.09.2024

AI Startup Safe Superintelligence Secures $1 Billion Investment

Founded by former OpenAI lead scientist Ilya Sutskever, the AI startup Safe Superintelligence has raised $1 billion. This was reported by Reuters, citing information from company executives. The funds will be allocated towards developing “safe artificial intelligence systems that far exceed human capabilities,” as well as purchasing computing power and hiring staff. The current team […]

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ForkLog 58 29.08.2024

OpenAI Valuation Surpasses $100 Billion Amid Investment Talks

OpenAI is in discussions to secure new investments at a valuation exceeding $100 billion, according to Bloomberg, citing sources. Sam Altman’s startup has been in talks to raise funds since at least December. Thrive Capital is reportedly investing around $1 billion, the agency notes. On Wednesday, OpenAI’s CFO Sarah Friar informed employees that the funds […]

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