MicroStrategy continues to accumulate Bitcoins on its accounts. ARK Invest has invested in Bitcoin. Andreessen Horowitz will launch a third venture crypto fund. Salvadorans will receive Bitcoins for free. McAfee’s widow blames the US authorities for her husband’s death.
MicroStrategy continues to follow the chosen investment strategy
MicroStrategy company is the largest holder of Bitcoins among the world’s public companies. It has purchased more than 105 thousand coins, with an average buying price of $26 thousand dollars. The company’s last transaction was the purchase of another 13005 Bitcoins at an average price of $ 37613 per coin. To complete this transaction, the company placed bonds in the amount of $500 million, definitely, these funds were raised to buy cryptocurrency.
Earlier, representatives of the company announced that they could sell their own shares worth up to $1 billion for additional investments in Bitcoin. MicroStrategy has filed a corresponding application with the US Securities and Exchange Commission (SEC).
“Investing in Bitcoin is a part of our new capital placement strategy designed to maximize long-term value for our investors,” CEO Michael Saylor said.
AKR Invest has expanded its exchange-traded fund with Bitcoin shares
On June 22, the investment company ARK Investment Management [ARK Investment Management is an investment company founded by Katie Wood in 2014. ARK Invest manages exchange-traded funds, which include shares of breakthrough and innovative companies] acquired shares of Grayscale Bitcoin Trust [Grayscale Bitcoin Trust operates similarly to an ETF since it is secured and corresponds to the price of Bitcoin. It is not registered by the US Securities and Exchange Commission, so only accredited investors have access to it]. The company has acquired more than 1 million shares. After the transaction, the shares were included in ARK Invest’s own exchange-traded fund Next Generation Internet ETF, managed by the company.
The agreement was concluded after the market value of Bitcoin fell to $28.8 thousand and a total capitalization of $554 billion, according to CoinGecko. In the eyes of experts, the fall was caused by negative news from China.
Note:
The Chinese authorities have banned the mining of cryptocurrencies in their territories due to a large amount of carbon dioxide emissions into the atmosphere, which is at odds with the chosen environmental course in the country. After the ban came into force, some exchanges began to refuse service to miners. And the miners themselves were forced to stop production and look for new locations for its resumption. Many have chosen the western direction, where the authorities are more loyal to crypto mining, such as the United States or Canada. However, the stop of mining led to a decrease in the hash rate of the bitcoin network. And the global transfer of crypto mining requires additional investments and complex logistics. This entails a general drop in the value of assets.
Andreessen Horowitz will Launch a third venture crypto fund for $2.2 Billion
According to TechCrunch, the venture company Andreessen Horowitz stage of attracting investments for the third cryptocurrency fund (Crypto Fund III) has come to an end. Thus, the assets under the company’s control increased to $18.8 billion. The company itself noted that Crypto Fund III has become the largest cryptocurrency venture fund in history.
The new fund will be headed by Andreessen Horowitz partners Chris Dixon and Katie Haun. The funds will be distributed among promising projects that contribute to the new decentralized economy.
Also, according to Cointelegraph, the company hired new employees: former director of the US Securities and Exchange Commission Bill Hinman, former head of communications at Twitter, Google, and Facebook Rachel Horowitz, as well as ex-adviser to Joe Biden and Hillary Clinton Tomik Tillemann.
The Andreessen Horowitz Foundation has already invested in Coinbase, Diem (supported by Facebook), Compound, Maker, and other crypto projects.
Residents of El Salvador will receive $30 in Bitcoin
At a press conference, the President of El Salvador, Nayib Bukele, said that every adult citizen of the country can receive $30 in Bitcoin. To do this, you need to use the state application (Chivo crypto wallet) and creating a personal account on the platform.
According to President Bukele, the distribution of crypto assets is carried out to popularize the use of Bitcoin in everyday life. And the state wallet will work wherever there is Internet access to synchronize with the blockchain. He also added that the law on the recognition of Bitcoin as a mean of payment will come into force on September 7 of this year.
El Salvador is the first country in the world that has legally recognized Bitcoin as an official mean of payment, along with the current US dollar. The relevant decision was made by the country’s parliament on June 9. According to the law, prices for goods and services in the country can be set in bitcoins, taxes can also be paid in cryptocurrency, and the natural growth of bitcoins will not be subject to income tax.
In addition to the crypto wallet developed by the state, it is planned to install 1 thousand crypto mats in the country of the American company Athena — CNN Espanol reports. There will also be the opportunity to exchange Bitcoin for US dollars and back at the market rate. Nayib Bukele addressed the company via Twitter and called for increasing the number of installed crypto mats to one and a half thousand.
Yahoo Finance TV host Zach Guzman estimated that the authorities of El Salvador will have to buy Bitcoins for $195 million. He made this conclusion based on the fact that the number of the adult population of the country is 6.5 million people.
Widow Janice McAfee blamed the US authorities for the death of her husband
The widow of the founder of the anti-virus company McAfee, John McAfee, blames the American authorities for the death of her husband, reports Reuters. Janice McAfee demands a thorough investigation into the circumstances of her husband’s death.
“I blame the US authorities for this tragedy. Because of these politically motivated accusations against him, my husband is now dead,” the businessman’s widow said.
According to McAfee, just a few hours before his death, they talked on the phone and her husband promised to call her back in the evening. This indicates that the businessman did not intend to commit suicide, his widow claims. She also said that her husband planned to appeal the Spanish court’s verdict on extradition to the United States.
John McAfee was found dead in a Spanish prison on the evening of June, 23. The businessman’s lawyer said that the cause of his death was suicide. On the same day, a Spanish court decided to extradite McAfee to the United States.
The businessman was detained in Spain in October 2020 at the request of the American authorities. The Department of Justice and the US Securities and Exchange Commission accused him of tax evasion and illegal promotion of ICO projects. Later, articles on fraud and money laundering were added to the charges. After being detained in Spain last year, McAfee wrote on Twitter that if he was found hanged, it would not be his fault.
In mid-June, McAfee announced that he no longer had a fortune. According to him, all cryptocurrency assets were “dissolved” thanks to members of his team, and the rest of the savings were confiscated by the US authorities.
