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Key Takeaways MicroStrategy intends to raise $2 billion for acquiring more Bitcoin. The company aims to increase its Bitcoin holdings with a “21/21 Plan.” Share this article MicroStrategy has revealed plans to raise up to $2 billion through public offerings of perpetual preferred stock to strengthen its balance sheet and fund more Bitcoin purchases. The … Read more
By Hadeel Al Sayegh DUBAI (Reuters) – Abu Dhabi’s Mubadala Investment Company accounted for about 20% of the almost $136.1 billion spent by sovereign wealth funds worldwide last year, overtaking Saudi Arabia’s wealth fund amid a surge in spending from Gulf countries. Mubadala and its subsidiaries deployed $29.2 billion in 2024, up from $17.5 billion … Read more
Financier Bernard Madoff leaves Manhattan Federal court March 10, 2009 in New York City. Madoff attended a hearing regarding the conflicting status of his legal representation in his multi-billion dollar fraud allegations. Chris Hondros | Getty Images The 10th and final distribution from a fund for victims of the late Ponzi scheme king Bernie Madoff … Read more
Rep. Jim Clyburn, D-S.C., brushed off Elon Musk’s statement about funding moderates in key Democratic districts and said he didn’t know anyone in his party that was afraid of Musk’s “money.” CNN’s Victor Blackwell asked Clyburn on Saturday about Musk’s statement posted to X and wondered how Democrats would respond to Musk’s potential financial involvement … Read more
The fund’s biggest holding is Tesla Inc., run by Elon Musk, who backed Trump’s election bid. Read More
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