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- MicroStrategy Raises $563.4M
MicroStrategy Raises $563.4M
Coinbase Acquires Web3 AdTech Platform Spindl
Food Flow
January 31, 2025
We are building FoodFlow so that all people know where the food they eat comes from, using blockchain
Welcome to Food Flow
In a world where transparency and innovation drive success, Food Flow is here to inspire entrepreneurs with insights on leveraging technology to transform the food industry. Combining blockchain and cutting-edge strategies, we will show you how to track food, build trust, and scale your business.
This newsletter was created by the food flow team to share news regarding blockchain to the public, so you don't get trapped in poor news of low quality
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In this edition you will find.
MicroStrategy Raises $563.4M to Expand Bitcoin Holdings Amid Strong Demand for Preferred Stock
Tether Reports $13 Billion in Profits for 2024 and Record Exposure to U.S. Treasurys
Coinbase Acquires Web3 AdTech Platform Spindl to Expand Advertising Capabilities
MicroStrategy Raises $563.4M to Expand Bitcoin Holdings Amid Strong Demand for Preferred Stock
MicroStrategy has successfully raised $563.4 million through its convertible preferred stock offering, significantly surpassing its initial 2.5 million share target by selling 7.3 million shares at $80 each. The company plans to use the proceeds to acquire more Bitcoin, adding to its existing 471,107 BTC holdings valued at over $46 billion. The perpetual preferred stock, offering an 8% annual dividend, provides investors with long-term value and optionality. Analysts predict further Bitcoin price growth, which could significantly boost MicroStrategy’s stock (MSTR), currently trading around $345 per share, with expectations of holding 783,000 BTC by 2027.
Tether Reports $13 Billion in Profits for 2024 and Record Exposure to U.S. Treasurys
Tether has reported a record-breaking $13 billion in profits for 2024, including $6 billion in Q4. The stablecoin issuer also saw its exposure to U.S. Treasurys surge to $113 billion, with $23 billion in USDT issued in Q4, bringing the total to $45 billion for the year. Tether's excess reserve buffer grew by 36%, surpassing $7 billion. CEO Paolo Ardoino revealed plans for new product launches in sectors like AI, telecommunications, and education. Despite past scrutiny over reserve backing and illicit finance concerns, Tether remains the leading USD-pegged stablecoin with $55.5 billion in 24-hour trading volume.
Coinbase Acquires Web3 AdTech Platform Spindl to Expand Advertising Capabilities
Coinbase has acquired Spindl, an on-chain advertising and attribution platform founded by tech commentator Antonio Garcia-Martinez. The acquisition, with undisclosed terms, will see Spindl operate under Coinbase’s Ethereum Layer 2 incubator, Base. Coinbase emphasized its commitment to maintaining open standards for both publishers and advertisers as it integrates Spindl’s technology. Garcia-Martinez, known for his work at Facebook and his book "Chaos Monkeys," aims to help expand the advertising ecosystem on the blockchain.
Thank you for exploring Food Flow.
We are excited to have you with us on this journey toward greater transparency, innovation, and success in the food industry. At Food Flow, we believe blockchain technology and entrepreneurial spirit can reshape the way we think about food traceability and business growth.
We are building FoodFlow so that all people know where the food they eat comes from, using blockchain
If you enjoyed this issue, please share it with your network and join us in promoting change and innovation. Together, we can create a more transparent and efficient food ecosystem.
Until next time, The Food Flow team