Thumzup announced that the company's board of directors has authorized the holding of 90% of the company's remaining cash in bitcoin. This decision supports the company's ongoing bitcoin acquisition efforts as part of its fiscal asset strategy announced on November 15, 2024.
Eurozone banks need a digital euro in response to U.S. President Donald Trump's efforts to promote a stablecoin, a cryptocurrency usually pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday. That would help lure more customers away from banks and strengthen the case for the ECB to launch its own digital currency.
Nasdaq-listed Oxbridge Re Holdings Limited announced that its board of directors has approved the decision to include Bitcoin and Ethereum in its corporate reserve assets, a decision that reflects its strategy to diversify its financial assets while exploring inflation-resistant assets with long-term growth potential, such as Bitcoin, Ethereum, and other potential cryptocurrencies. (Globenewswire)
Nasdaq-listed Oxbridge Re Holdings Limited announced that its board of directors has approved the decision to include Bitcoin and Ethereum in its corporate reserve assets, a decision that reflects its strategy to diversify its financial assets while exploring inflation-resistant assets with long-term growth potential, such as Bitcoin, Ethereum, and other potential cryptocurrencies.
OpenAI announced the appointment of BlackRock executive Adebayo Ogunlesi to the board of directors. As a founding partner, chairperson and CEO of Global Infrastructure Partners (GIP), one of the infrastructure investment platforms, and a senior managing director at BlackRock, Ogunlesi has extensive leadership experience and expertise in corporate finance, infrastructure investment, and global market strategy. The appointment further complements the Board's depth in technology, AI security, cyber...
BYD: The board of directors agreed to authorize the company's management to formulate a market value management system and will fulfill its information disclosure obligations in accordance with the requirements of the Shenzhen Stock Exchange.
The Microstrategy board of directors has increased by three members, increasing the total number of board members from six to nine. New members include Brian Brooks, former CEO of Binance.US and former chief legal officer of Coinbase; Jane Dietze, chief investment officer of Brown University and board member of Galaxy Digital; and Gregg Winiarski, chief legal officer of sportswear and collectibles company Fanatics.
Microsoft's board of directors disclosed the reasons for its refusal to invest in bitcoin in regulatory filings, arguing that the proposal was unnecessary as the company was already considering multiple investment options. Microsoft noted: "As mentioned in the proposal itself, the volatility of bitcoin is a factor to consider when evaluating its investment as a financial application for enterprises, as enterprises need stable and predictable investments to ensure liquidity and operations...
In a speech to Microsoft's board of directors, Michael Saylor, founder and executive chairperson of MicroStrategy, said that bitcoin is a central opportunity for the next wave of technological innovation, recommending that Microsoft adopt bitcoin as a core corporate strategy. Saylor predicted that the market value of bitcoin will grow from the current $2 trillion to $280 trillion in 2045. In addition, Saylor also recommended that Microsoft invest some of its funds in bitcoin to replace the tradi...
Public company Jiva Technologies announced that its board of directors has approved the purchase of $1 million in bitcoin as part of its reserve asset and company money management strategy, and its CEO Lorne Rapkin said that bitcoin's inherent scarcity and limited supply make it a modern hedge against inflation and a safe haven in times of economic uncertainty.
The board of directors of Nasdaq-listed Anixa Biosciences has approved the purchase of bitcoin as a reserve asset. The company also reaffirmed its ongoing share buyback program. CEO Amit Kumar said the decision on bitcoin is another approach to prudent financial management that can achieve higher shareholder value. It is reported that Anixa Biosciences is a biotechnology company focused on the treatment and prevention of cancer.
Nasdaq-listed Steakholder Foods Ltd. announced that the company's board has approved the purchase of up to $1 million worth of bitcoin or an index tracking cryptocurrencies. Arik Kaufman, CEO of Steakholder Foods, said: "As demand for cryptocurrencies continues to grow and their acceptance as an asset class continues to grow, we believe that bitcoin or a diversified basket of cryptocurrencies, including bitcoin, will be a strong financial reserve asset for the company....
US-listed Hoth Therapeutics announced that the company's board of directors has approved the purchase of up to $1 million in bitcoin. Robb Knie, CEO of Hoth, said: "As bitcoin continues to grow and gradually becomes a major asset class, attracting the attention and recognition of investors, we believe bitcoin will become a strong fiscal reserve asset.
Coinbase announced that its board of directors has authorized and approved a share repurchase program in October 2024 that allows the repurchase of up to $1 billion of the company's Class A common stock with no expiration date. The exact timing and amount of the repurchase will depend on market conditions. The company added that the repurchases would be at its discretion and that it had no obligation to "repurchase any amount or amount of Class A common stock, and the program may be modified, su...
Cryptocurrency exchange Kraken has announced the appointment of board member Arjun Sethi as co-CEO, with the aim of driving the company's continued growth alongside current CEO David Ripley. "As a global remote organisation with net revenues in excess of $1 billion, we have fallen into the trap of building organisational hierarchy and are making organisational disciplinary decisions to address this and eliminate hierarchy. We need to be leaner and faster," the company said in the announcement. T...