Episode Details

04th Nov: Blockchain DXB Podcast
🟠MicroStrategy to raise $42B for BTC 👀 M2 lost $13.7M in a breach 🚨XRP ETF in the USA by 21Shares 💰UBS launches tokenised fund
🟠 MicroStrategy Announces Third Quarter 2024 Financial Results and Announces $42 Billion Capital Plan - Official info here https://shorturl.at/JADQW
- The plan includes $21B from equity and $21B from fixed-income securities over three years, aiming for a BTC Yield target of 6-10% from 2025-2027. In Q3, MicroStrategy raised $2.1B in equity and debt, growing its Bitcoin holdings by 11%, while reducing interest expenses by $24M. The company also issued new convertible notes, completed a 10-for-1 stock split, and saw a 10.3% YoY revenue decrease to $116.1M. Operating losses rose due to $412M in asset impairments.
🟠 Check out the Blockchain DXB episode we share our commentary on this. We discuss We discuss the Positive Implications & Negative Implications
👀 On October 31, 2024, M2 experienced a cybersecurity incident involving $13.7 million, which was quickly addressed by 3:32 AM (GMT+4). The situation has been fully resolved, and customer funds have been restored. M2 has taken responsibility for any potential losses and has implemented additional security measures. All services are now operational. The company remains committed to high security and compliance standards and is cooperating with legal and regulatory authorities to address the incident thoroughly. Official Info here https://shorturl.at/Pob7u
🚨Swiss ETF issuer 21Shares has filed an S-1 form with the SEC to launch a spot fund that tracks the price of XRP. Fillings with U.S. Securities and Exchange Commission here https://shorturl.at/TBd5R
- Interestingly Ripple has reserved an unprecedented 470 million XRP for sale, marking its largest monthly dump in seven years. On November 1, Ripple conducted a sell-off that marked a departure from its usual escrow routine. Normally, Ripple sets aside around 200 million XRP from the 1 billion unlocked each month. However, this month, an extra 270 million XRP were transferred to Ripple (1), the account designated for monthly sales. Detailed via DailyCoin here https://shorturl.at/5kbg6
💰 UBS Asset Management launches its first tokeniz