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
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?
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 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’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