TechFlow news — On December 9, according to Bloomberg, cryptocurrency companies that have followed MicroStrategy’s strategy of issuing convertible bonds have seen significant returns, driven by Trump’s nomination of crypto-friendly officials to lead U.S. financial regulatory agencies. Since the U.S. election, Bitcoin has surged over 40%.
MicroStrategy has issued $6.2 billion in convertible bonds this year and plans to raise $21 billion through fixed-income instruments. Mining firms MARA Holdings and Core Scientific have raised over $2 billion and $1 billion respectively, primarily to purchase Bitcoin. Investor enthusiasm for crypto-related enterprises has fueled a new wave of fundraising.
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