Bitcoin mining company Greenidge Generation Holdings (GREE) plans to sell $35 million in senior notes, due in October 2026, according to a new filing.The issuance comes after the company raised $55.2 million in senior notes with similar terms on Oct. 13.The new $35 million notes will bear 8.5% interest accruing from Oct. 13, and are a “further issuance” to Greenidge’s $55.2 … [Read more...] about Bitcoin Miner Greenidge Generation Offers Additional $35M in Bonds
Bonds
Are El Salvador’s Bitcoin ‘Volcano Bonds’ an End Run Around the IMF?
This episode is sponsored by NYDIG.Download this episodeToday on “The Breakdown,” a check in on El Salvador, where President Nayib Bukele has just announced “Bitcoin City,” a new community that will feature no income or capital gains tax and be designed to attract talent from around the world. The effort is being funded in part by a $1 billion bond that some are calling the … [Read more...] about Are El Salvador’s Bitcoin ‘Volcano Bonds’ an End Run Around the IMF?
Junk-Rated El Salvador’s ‘Bitcoin Bonds’ Look Explosive (Think Volcano)
While El Salvador’s new bitcoin-linked bond may be one of the highest-yielding fixed-income instruments globally, it might turn out to be riskier than the country’s outstanding government bonds, which are already categorized as junk-grade.Some experts said the new offering might struggle to attract investors, especially because the bond appears to pay interest at a lower rate … [Read more...] about Junk-Rated El Salvador’s ‘Bitcoin Bonds’ Look Explosive (Think Volcano)
El Salvador to inaugurate Bitcoin City backed by $1B Bitcoin bonds
El Salvador continues to lead the Bitcoin (BTC) adoption drive as President Nayib Bukele announces the launch of Bitcoin City, which will be funded initially by $1 billion Bitcoin bonds. The initiative was first announced by Bukele at El Salvador’s Bitcoin Week conference, which sought to celebrate Bitcoin’s mainstream adoption in the country and increase citizen … [Read more...] about El Salvador to inaugurate Bitcoin City backed by $1B Bitcoin bonds
Austria to Tax Crypto Like Stocks and Bonds: Report
Austria’s Federal Ministry of Finance hopes to boost confidence in cryptocurrencies by taxing them like mainstream stock and bond investments, according to a Bloomberg story.Starting next March, Austria will apply a 27.5% capital gains levy on digital currencies, including bitcoin and ether.The initiative will be part of a nationwide tax overhaul.Austria called its model the … [Read more...] about Austria to Tax Crypto Like Stocks and Bonds: Report