Grayscale's Cardano ETF Filing Sparks 11% Rally in ADA Price
Grayscale Investments has submitted the first-ever spot Cardano ETF application to the SEC through NYSE Arca, causing ADA's price to surge 11% to $0.74. The filing represents growing institutional interest in altcoins, with Coinbase set to serve as custodian for the proposed trust.
Genius Group Plans $100M Bitcoin Treasury Expansion Through Rights Offering
AI-powered education company Genius Group aims to boost its Bitcoin holdings to $100 million through a rights offering and loans. The strategic move, offering shareholders discounted shares and additional subscription opportunities, builds on the company's commitment to allocate 90% of reserves to Bitcoin.
Education Giant Genius Group Expands Bitcoin Treasury to $30M in Bold Strategic Move
NYSE-listed Genius Group has ramped up its Bitcoin holdings by 50% to reach $30M, acquiring an additional $10M worth of BTC. The AI-powered education company aims to allocate 90% of reserves to Bitcoin with an ambitious $120M investment target.