News

Firms Ride Bitcoin Wave to Raise Billions From Convertible Debt

(Bloomberg) -- A rally across cryptocurrencies has made winners out of a handful of firms in the sector that followed MicroStrategy Inc.’s playbook of selling convertible bonds, thanks to President-elect Donald Trump choosing a crypto-friendly financier to head the top US financial regulator.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Bi

Billionaire Israel Englander of Millennium Management Just Sold Nvidia and Bought This Popular Cryptocurrency Instead

It's easy to understand why Nvidia (NASDAQ: NVDA) has become the favorite tech stock of many investors. Perhaps he's found another asset that might end up soaring higher than Nvidia over the long haul, and that's Bitcoin (CRYPTO: BTC). According to publicly available 13F filings, Englander sold off 1.6 million shares of Nvidia during the most recent quarter, resulting in a 12.5% reduction in his Nvidia position.

Virtu, StanChart Join New UK Crypto Derivatives Trading Platform

(Bloomberg) -- Standard Chartered Plc and Virtu Financial Inc. are among large financial companies poised to join a new London-based crypto derivatives venue, as a market rally boosts the appeal of digital currencies. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampCloud Computing Tax Threatens Chicago’s Silicon Valley Ambition