Software firm MicroStrategy has raised $1.6 billion in a junk bond offering — four times the initially sought amount.Earlier this week, the company announced it would issue $400 million worth of junk bonds in a private offering, with a view to using the proceeds to purchase Bitcoin (BTC). Junk bonds are debt offerings by companies without investment-grade credit ratings and … [Read more...] about MicroStrategy gets $1.6 billion in orders in junk bond offering
Bond
Ethereum on a high after European Investment Bank’s $121M digital bond news
Ethereum prices skyrocketed to a new all-time high on Wednesday on the back of positive news from the European Investment Bank.Ethereum has climbed to $2,709 during early Asian trading on Wednesday, April 28, marking a new peak price for the asset according to Coingecko.The crypto metrics provider reports a gain of 7% over the past 24 hours, and 15.7% over the past seven days … [Read more...] about Ethereum on a high after European Investment Bank’s $121M digital bond news
Danish Red Cross sponsors $3M blockchain-based volcano catastrophe bond
Crypto and blockchain adoption for humanitarian causes is set for another expansion as the Danish Red Cross has sponsored a catastrophe bond aimed at providing relief in the aftermath of a volcanic eruption.According to CIR Magazine, the catastrophe bond — often shortened to cat bond — has the backing of private firms and other humanitarian establishments with investors like … [Read more...] about Danish Red Cross sponsors $3M blockchain-based volcano catastrophe bond