Bitfarms has completed a $50 million structured debt financing to purchase approximately 2,000 BTC, reinforcing its position among North American mining firms. The funds were fully deployed on the open market before the close of the previous day. Meanwhile, Roblox has converted 2% of its cash reserves into Ethereum (ETH) and Avalanche (AVAX) to support on-chain settlement in its creator economy.
In other developments, MicroAlgo has launched a $15 million digital asset fund with a daily TWAP purchasing program to manage volatility. S&P Global introduced the Corporate Bitcoin Treasury Index, tracking companies with significant BTC holdings. Northern Data announced a strategic shift, dedicating all resources to AI rendering and BTC accumulation after divesting its cloud storage operations.
Bitfarms Acquires 2,000 BTC with $50M Debt; Roblox Converts Cash to ETH and AVAX
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