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  • Michael Saylor’s Strategy to raise up to $21b to buy more Bitcoin

    Michael Saylor’s Strategy to raise up to $21b to buy more Bitcoin

    • Strategy is the world’s largest corporate holder of Bitcoin
    • Fresh purchases with the new capital will push the company’s total BTC holdings beyond 500,000 BTC.
    • Michael Saylor recently attended the White House Crypto Summit.

    Strategy, formerly MicroStrategy, has announced plans to raise additional capital for general corporate operations, including the purchase of more Bitcoin (BTC).

    In the announcement on Mar. 10, Strategy said it had plans to issue and sell shares of up to $21 billion in its at-the-market (ATM) program.

    The offer will be for its 8.00% Series A Perpetual Preferred Stock (STRK), with proceeds expected to fund the company’s general corporate purposes. Most of this will go into more Bitcoin purchases as Strategy continues to accumulate BTC. Strategy will also utilize raised funds for working capital.

    Strategy’s holdings just under 500k BTC

    Michael Saylor’s artificial intelligence and business intelligence company – now the world’s largest corporate BTC company- first added BTC as a treasury asset in 2020. Since then, its been a prolific buyer of the benchmark digital asset.

    With its last purchase in February 2025, Strategy pushed its haul to 499,096 BTC.

    This is where it currently stands, with total holdings just below the landmark 500,000 bitcoin. So far, the company has spent $33.1 billion to buy Bitcoin. Per details, the company’s average purchase price was $66,357 per bitcoin.

    News that Saylor was looking to buy more BTC slightly buoyed bulls during early trading on Mar. 10. Per market data, the top cryptocurrency’s price hovered around $83,252 at the time of writing.

    While price was down 1.4% in the past 24 hours, the slight gains had seen BTC rebound from lows of $80,120. BTC nonetheless continues to struggle despite last week’s executive order on a Strategic Bitcoin Reserve and the first-ever White House crypto summit.

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  • Genius Group to raise $33m to buy more BTC

    Genius Group to raise $33m to buy more BTC

    • Genius Group has announced a $33 million rights offering.
    • The company will use net proceeds from the sale to buy Bitcoin.
    • Genius Group holds $35 million in BTC and could see holdings rise to $86 million with plans for additional $20 million loan.

    Publicly-listed artificial intelligence firm Genius Group plans to raise $33 million to buy additional Bitcoin (BTC) as part of its BTC treasury.

    Genius Group announced on Jan. 14 that the company’s board of directors had approved a rights offering plan for $33 million. The company will use net proceeds from the shares sale to purchase more Bitcoin.

    As well as the rights offering, Genius Group is eyeing further financing, with one or more loan options aggregating to $20 million on the table. The company’s current BTC treasury stands around $35 million, which means successful raises from the offering and via the loans option could see Genius Group’s total Bitcoin haul rise to $86 million.

    Bitcoin strategy

    AI-powered Genius Group’s move to add to its Bitcoin treasury comes amid a broader surge in public and private companies buying BTC to add to their balance sheets. This trend picked momentum in 2024 following major expansion efforts by the leading corporate holder of BTC MicroStrategy.

    Having inspired other companies like Metaplanet, KULR Technologies and multiple Bitcoin mining companies, MicroStrategy’s playbook is now a major talking point in boardrooms. Nasdaq-listed Heritage Distilling recently adopted the Bitcoin strategy.

    Despite shareholders of Microsoft down voting a proposal that sought to have the tech giant add BTC to its treasury, experts are upbeat tha its early days. Meta is facing a similar proposal.

    The approval of spot Bitcoin exchange-traded funds in the U.S., with BlackRock’s IBIT currently holding billions of dollars in BTC is another big development in the past year.

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  • Italy set to raise Bitcoin capital gains tax to 42%

    Italy set to raise Bitcoin capital gains tax to 42%

    Italy set to raise Bitcoin capital gains tax to 42%
    • Italy plans to raise the capital gains tax on cryptocurrencies from 26% to 42%.
    • The new policy reflects a trend among European countries tightening crypto regulations.
    • PM Giorgia Meloni assures no new taxes for citizens despite the proposed increases.

    Italy is set to increase its capital gains tax on Bitcoin and other cryptocurrencies from 26% to a staggering 42%, according to Vice Economy Minister Maurizio Leo.

    This announcement was made during a press conference detailing the country’s budget for 2025, where Leo highlighted measures approved by the Council of Ministers aimed at generating additional resources to support families, youth, and businesses.

    Italian’s new tax policy reclassifies crypto taxation

    The new tax policy marks a significant shift from the current framework, which has been in place since the 2023 tax year.

    This change follows a broader reform that reclassifies cryptocurrency taxation, moving away from treating cryptocurrencies as foreign currency, which had previously benefited from lower tax rates.

    Under the previous regime, capital gains exceeding €2,000 (approximately $2,180) were taxed at a rate of 26%.

    European countries tightening tax regulations on digital assets

    The increase in the capital gains tax on cryptocurrencies reflects a growing trend among European countries to tighten tax regulations on digital assets.

    Similar moves have been reported in the UK, where Chancellor Rachel Reeves is considering raising capital gains taxes, including those on cryptocurrencies, from 20% to 39%.

    In addition to the capital gains tax hike, Leo mentioned that Italy plans to intensify its efforts to combat tax evasion, particularly through stricter regulations on cash transactions. This initiative aims to create a more transparent financial environment and bolster government revenues.

    Despite the proposed tax increases, Italian Prime Minister Giorgia Meloni reassured citizens that there would be no new taxes affecting the general population. She stated that the government remains committed to structural tax cuts for workers and plans to allocate €3.5 billion from banks and insurance companies to healthcare and support for the most vulnerable sectors of society.

    As Italy prepares to implement these tax changes, the implications for cryptocurrency investors and the broader digital asset market remain to be seen, especially in a landscape where regulatory scrutiny is increasing across Europe.

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  • Marathon Digital to raise $250M through convertible senior notes for Bitcoin purchase

    Marathon Digital to raise $250M through convertible senior notes for Bitcoin purchase

    Marathon Digital to raise $250M through convertible senior notes for Bitcoin purchase
    • Marathon Digital plans to raise $250M via convertible senior notes for Bitcoin buying.
    • The funds will also support corporate initiatives, including debt repayment and expansions.
    • The company holds over 20,800 BTC, worth $1.2B, more than double its nearest competitor.

    Marathon Digital, a leading Bitcoin mining company, has announced plans to raise $250 million through a private offering of convertible senior notes, aimed at increasing its Bitcoin (BTC) holdings and funding general corporate purposes.

    The notes, which will be offered exclusively to qualified institutional buyers, will pay interest semi-annually and are set to mature on September 1, 2031. The specific interest rate and conversion rate will be determined during the pricing process.

    The raised funds will not only be used to purchase more Bitcoin but also to support various corporate initiatives, including working capital, strategic acquisitions, expansion of existing assets, and debt repayment.

    Marathon Digital’s move shows confidence in Bitcoin

    This move comes as Marathon Digital continues to solidify its position as the largest Bitcoin miner globally.

    The company currently holds over 20,800 BTC, valued at approximately $1.2 billion, which is more than double the amount held by its closest competitor, Hut 8.

    Marathon has been actively increasing its Bitcoin reserves, adding more than $124 million worth of the cryptocurrency in July 2024 alone.

    Despite a significant price drop at the beginning of August, Bitcoin has shown resilience, rebounding and trading above $60,000, marking a 16% increase in the last seven days and Marathon’s aggressive acquisition strategy underscores its confidence in Bitcoin’s long-term potential and stability.

    Marathon’s commitment to increasing its Bitcoin holdings highlights the growing trend of companies integrating cryptocurrencies into their balance sheets, reflecting broader confidence in the future of digital assets.

    As large institutional players like Marathon continue to accumulate Bitcoin, the trend is seen as a bullish signal for the market, potentially influencing other investors to follow suit.

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