All by tag: Investments

21 Capital will go public via an SPAC deal under the ticker CEP

The company has already received approval from the Securities and Exchange Commission

Shares of some industry companies included in the fund’s basket lost 50% of their value

Earlier this week, 23andMe declared bankruptcy

The exchange is tentatively scheduled to go public in early 2026

The company bought shares of the exchange for $8,6 million, having previously sold shares of its own BTC ETF for a similar amount

The company did not disclose the financial details of the deal but said the move is in line with its broader investment strategy

The state treasury would be allowed to invest up to 10% of its total assets in digital assets

It would allow the treasurer to invest a combined 10% in cryptocurrency from the general fund

Transaction revenue grew by 200%, with half of the increase driven by a surge in cryptocurrency trading

The organization says state lawmakers have less than 35 days to act on the economic committee-approved document

The state Senate will consider the document during the 2025 legislative session