๐ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐ฅ
โ
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator โ
Log In
News on Medial
GameStop shares plunge as company eyes Bitcoin with new bond offering โ investors left scratching heads
Economic Times
ยท
1m ago
Medial
GameStop shares dropped significantly after announcing plans to raise $1.75 billion through convertible bonds to finance general business needs, including potential bitcoin investments. The company plans to follow MicroStrategy's strategy by purchasing bitcoins as a hedge against economic risks. Recently, GameStop acquired 4,710 bitcoins worth $500 million. However, analyst Michael Pachter doubts the effectiveness of this strategy, labeling it inconsistent as GameStop's stocks already exceed its cash value by 2.4 times.
View Source
1
Related News
GameStop bought $500 million of Bitcoin | TechCrunch
TechCrunch
ยท
2m ago
Medial
GameStop purchased 4,710 Bitcoin, worth over $500 million, as part of a strategy to stay relevant in a digital era and fulfill promises made to investors about using Bitcoin as a treasury reserve asset. Despite concerns about crypto volatility, GameStop follows companies like Tesla in leveraging Bitcoin to boost assets. Political implications arise as Trumpโs administration embraces crypto, prompting the โEnd Crypto Corruption Actโ against potential market manipulation for personal gain.
View Source
BofA's Merrill Lynch, Wells Fargo offering spot bitcoin ETFs to clients
Economic Times
ยท
1y ago
Medial
Bank of America's Merrill Lynch and Wells Fargo have recently started offering spot bitcoin exchange-traded funds (ETFs) to their eligible wealth management clients, following the approval of such investment vehicles by the Securities and Exchange Commission in January. These ETFs allow investors to gain exposure to bitcoin without directly owning it. The availability of these funds has attracted new investors to the cryptocurrency market and has even led some to shift their investments from gold-backed ETFs. This move by the banks showcases the increasing popularity of bitcoin as an asset class.
View Source
Indian Cryptocurrency Market Sees Resurgence On Bitcoinโs All-time High Rally
Inc42
ยท
1y ago
Medial
The demand for cryptocurrencies has surged in India, with trading volumes on major exchanges increasing significantly. Bitcoin reached all-time highs of $72,000 and $73,000, attracting new investors. Indian crypto platforms are offering incentives to attract new users, and homegrown platform Mudrex has launched Bitcoin spot ETFs for Indian investors. CoinSwitch claimed to have become the first Indian exchange to surpass 2 million users, while CoinDCX and WazirX also noted significant growth in trading volumes. However, industry leaders are calling for balanced regulation to control outgoing crypto transactions.
View Source
Flipkart-backed logistics startup BlackBuck eyes $300 million IPO
IndianStartupNews
ยท
1y ago
Medial
Logistics startup BlackBuck is preparing for an Initial Public Offering (IPO) to raise $300 million. The company, which plans to include a fresh issue of shares and a secondary sale by existing investors, aims to use the funds to expand its services and core freight business. Despite being valued at over $1 billion in 2021, BlackBuck's consolidated revenue declined by 15% and losses increased in FY23. The IPO is expected to solidify BlackBuck's position in the logistics sector and accelerate its growth, with backing from investors including Flipkart, Tiger Global, and Sequoia.
View Source
Why crypto idealogues wonโt touch bitcoin ETFs
Wired
ยท
1y ago
Medial
Bitcoin investors are celebrating the approval of spot bitcoin exchange-traded funds (ETFs) by US regulators. The new ETFs will allow people to invest in bitcoin through a brokerage, albeit issued by major financial institutions. However, this approach contradicts the decentralized vision of bitcoin outlined in its white paper. The ETFs are seen as a compromise to attract institutional investors and make it easier for the general public to invest in cryptocurrency. The arrival of spot bitcoin ETFs is expected to bifurcate the asset, with one form for investment and another held by the ideological bitcoin community.
View Source
Bitcoin hits all-time high above 69k
TechCrunch
ยท
1y ago
Medial
Bitcoin has reached a new all-time high, surpassing $69,000, driven by increased demand following the approval of spot bitcoin ETFs in the US and the upcoming bitcoin halving in April. The cryptocurrency has gained over 60% this month and 205% this year. Bitcoin halving occurs approximately every four years and leads to a decrease in mining rates. This process aims to control the supply of bitcoin, and the upcoming halving is expected to further boost demand for the asset. Additionally, the approval of spot bitcoin ETFs has attracted new institutional and retail investors.
View Source
Focus on bitcoin in Q1 overshadows broadening of US ETF landscape
Reuters
ยท
1y ago
Medial
The first quarter of 2024 saw a surge in spot bitcoin exchange-traded funds (ETFs) and interest in investing in artificial intelligence. However, other trends are also expected to dominate the ETF market in the coming months, including the popularity of single-country ETFs focused on Japan, broadening stock market leadership beyond technology stocks, growing interest in value stocks, and the rise of actively managed bond ETFs. New players in the market, such as Fidelity and Invesco, are also gaining momentum. As market volatility increases, investors may turn to more specific, targeted ETFs to manage risks.
View Source
Negotiating Early-Stage Investments In India
Inc42
ยท
11m ago
Medial
In early-stage funding rounds, investors often require companies to set aside a portion of their shares for an employee stock ownership plan (ESOP). Investors also typically have a pre-emption right, whereby the company must offer new shares to the investors before offering them to others. Additionally, anti-dilution rights protect investors from the decrease in value caused by dilutive events.
View Source
Roxom Raises $17.9 Million for Bitcoin Exchange and RoxomTV; Tether Invests $775 Million in Rumble | DeepNewz VC
Business Bytes
ยท
2m ago
Medial
Roxom, a bitcoin-denominated exchange company, has successfully raised $17.9 million in funding. Key investors include Ego Death Capital, Kingsway Capital, Draper VC, and Borderless Capital. The platform focuses on offering futures, spot markets, and synthetic instruments, all priced and settled in Bitcoin. Tether has also invested $775 million, signifying robust support and interest in Roxom's innovative financial solutions within cryptocurrency markets.
View Source
Mars Growth eyes Meeshoโs secondary round
The Arc Web
ยท
1y ago
Medial
Singapore's Mars Growth Capital is in talks to acquire a stake in ecommerce platform Meesho. They are expected to purchase a significant number of shares in a secondary deal through their $500 million Dragon Fund. Existing investor Peak XV Partners (formerly Sequoia India) is also looking to increase their stake through their growth fund. Other investors, including Tiger Global, are considering investments as well. In the secondary round, Facebook parent Meta, Venture Highway, and several angels will sell their holdings in Meesho. The company reported profitability in the July-September quarter of last year, making it more attractive to new investors.
View Source
Trackers
Active Indian VCโs
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything thatโs happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in