MicroStrategy Announces Debt Buyback Amid Possible BTC Gains Tax
MicroStrategy (MSTR) has announced plans to redeem its 2027 convertible senior notes, valued at $1.05 billion, and will settle all conversion requests tied to this offering. In a statement issued on Jan. 24, the company revealed that note-holders have until Feb. 24 to redeem their securities for 100% of the principal value or convert each […]
SEC cancels crypto rule SAB 121
The Securities and Exchange Commission (SEC) has officially overturned a contentious rule that required financial institutions holding cryptocurrencies to classify them as liabilities on their balance sheets. In a new Staff Accounting Bulletin issued on January 23, the SEC announced it would revoke the guidance introduced in SAB 121. This directive, first published in March […]
Trump’s Executive Order Sparks a Revolution in Institutional Crypto Adoption
Former U.S. President Donald Trump’s recent executive order to prohibit central bank digital currencies (CBDCs) within the United States has sparked conversations about its potential impact on institutional adoption of cryptocurrency. Signed on January 23, the executive order bans the creation, issuance, and circulation of CBDCs, citing risks to financial system stability, individual freedoms, and […]