ChainCatcher news, Bitcoin mining company Stronghold announced that its shareholders voted "in favor" of the upcoming merger between Stronghold and Bitfarms Ltd. by an overwhelming majority. The merger agreement and plan are set to be signed on August 21, 2024, and will be revised thereafter.After the merger agreement proposal is approved, the company expects the merger to be completed by March 2025, subject to the satisfaction or waiver of the remaining closing conditions. The final report of the special shareholders' meeting results will be submitted to the U.S. Securities and Exchange Commission (SEC) in the form of an 8-K.

ChainCatcher news, according to Cointelegraph, Coinbase shareholder Wenduo Guo filed a lawsuit in the New Jersey federal court on February 18, accusing the cryptocurrency exchange and its executives of violating securities laws by allegedly concealing information related to bankruptcy risks from investors.The lawsuit claims that Coinbase and its management failed to disclose the risk that user assets could be considered bankruptcy property, which would make retail users unsecured creditors. The complaint also points out that at least 75 cryptocurrency exchanges had collapsed before the company's listing in April 2021, leaving users unable to recover their digital assets.Additionally, the lawsuit alleges that Coinbase did not disclose its engagement in proprietary trading to cope with the decline in cryptocurrency prices. The defendants include several executives and board members, including CEO Brian Armstrong. The plaintiffs are seeking a jury trial and are requesting damages and corporate governance reforms.

ChainCatcher news, according to The Block, MicroStrategy shareholders approved two amendments on Monday that allow the company to increase the number of authorized shares to help implement its plan to purchase more Bitcoin. Shareholders voted in favor of increasing the number of authorized Class A common stock and preferred stock.In addition, according to Cointelegraph, MicroStrategy shareholders approved increasing the shares from 330 million to 10.3 billion (approval rate 55.8%).

ChainCatcher news, according to a report by Jinshi, citing Sina Technology, there are reports that the major shareholder of Xiaohongshu is negotiating to sell its shares, with a valuation of at least $20 billion. As the potential TikTok ban in the U.S. approaches, this deal has attracted interest from Tencent Holdings Limited and other well-known investors.According to informed sources, Xiaohongshu's supporters GGV Capital, GSR Ventures, and Tiantu Capital are in talks to sell part of their shares. Interested investors include existing shareholders Sequoia China and Hillhouse Capital. Tencent is also considering whether to increase its stake. In this regard, Sina Technology has sought confirmation from Xiaohongshu's official representatives, but as of the time of publication, there has been no response. (Jinshi)

ChainCatcher news, according to Coindesk, investment management firm Capital Group has become one of the major shareholders of Metaplant, currently holding a 5% stake. It is reported that Capital Group manages $2.3 trillion in assets, while Metaplanet holds 1,762 BTC, making it the fifteenth largest publicly traded company holding Bitcoin.

ChainCatcher news, Michael Saylor posted on the X platform that MicroStrategy has brought a net gain of 120,600 BTC to shareholders since the beginning of the fourth quarter, with a return of 47.8%. Based on $96,000, the earnings for this quarter amount to $11.6 billion.

ChainCatcher news, Michael Saylor announced on the X platform that MicroStrategy's financial operations brought a net gain of 116,940 BTC to shareholders this quarter, with a yield of 46.4%. Based on a price of $100,000 per Bitcoin, the net gain for this quarter is approximately $12.28 billion.

ChainCatcher news, MicroStrategy founder Michael Saylor released data on the X platform, stating that so far this year, MicroStrategy's financial operations have generated approximately 136,965 BTC in net profit for shareholders, with a return rate of 72.4%. Based on a price of $107,000, the annual profit is approximately $14.66 billion.

ChainCatcher news, according to BusinessInsider, this week Microsoft investors rejected the proposal to purchase Bitcoin. Gracy Chen, CEO of the cryptocurrency exchange Bitget, stated that this was expected, as most Microsoft shareholders likely value the asset stability of this software giant, and said: "Microsoft's investment in Bitcoin could mean facing additional risks, while many invest in Microsoft because it is a predictable good business. For shareholders looking to build their diversified portfolios, mixing assets like cryptocurrencies into the company's balance sheet could complicate the company's valuation and distract investors from the core business objective of purchasing its stock."

ChainCatcher news, according to a post by WatcherGuru on X, only 0.55% of Microsoft shareholders voted in favor of the Bitcoin investment proposal.

ChainCatcher news, Microsoft's board disclosed in regulatory filings its reasons for rejecting the investment in Bitcoin, stating that the proposal was unnecessary as the company is already considering various investment options.Microsoft pointed out that, as mentioned in the proposal itself, the volatility of Bitcoin is a factor to consider when evaluating it as an investment for corporate financial applications, as businesses require stable and predictable investments to ensure liquidity and operating funds. Microsoft already has strong and appropriate processes in place to manage and diversify corporate finances for the long-term interests of shareholders, making the request for a public evaluation unnecessary.Microsoft also added that past assessments have listed Bitcoin and other cryptocurrencies as one of the options considered, and the company will continue to monitor trends and developments related to cryptocurrencies to guide future decisions.

ChainCatcher news, according to the voting results, Microsoft's major shareholders opposed the company's Bitcoin investment proposal on Tuesday.Earlier, the Microsoft board had urged shareholders to reject a suggestion from the National Center for Public Policy Research, which proposed that the company invest 1% of its total assets in Bitcoin to hedge against inflation.At the annual meeting, MicroStrategy founder Michael Saylor gave a three-minute speech attempting to persuade Microsoft shareholders to support the proposal. Data shows that Microsoft's largest shareholders are institutional investors, including Vanguard and BlackRock.

ChainCatcher news, according to market news, preliminary voting results show that Microsoft shareholders voted against the Bitcoin investment proposal.

ChainCatcher news, according to Coindesk, preliminary voting results show that Microsoft shareholders voted against the Bitcoin investment proposal.The proposal titled "Assessment of Investing in Bitcoin" was put forward by the National Center for Public Policy Research, suggesting that Microsoft consider diversifying 1% of its total assets into Bitcoin as a potential hedge against inflation.According to Bloomberg data, Microsoft holds $78.4 billion in cash and securities on its balance sheet.

ChainCatcher message, according to Polymarket data, the probability prediction for "Microsoft shareholders voting in favor of Bitcoin investment" is 12%. Currently, there is 2.99 million dollars participating in this prediction.

ChainCatcher message, Binance co-founder Zhao Changpeng commented on X "Amazon shareholders demand exploration of adopting bitcoin as a corporate financial strategy": Simple question, accept bitcoin payments?

ChainCatcher message, MicroStrategy founder Michael Saylor posted, "So far this year, the BTC yield from MSTR's funding business is 63.3%, bringing approximately 119,800 BTC in net gains to our shareholders. At a price of $103,000 per BTC, we have reached $12.3 billion in profits so far this year, making us the most profitable and fastest-growing company among those adopting the Bitcoin standard."

ChainCatcher news, MicroStrategy founder Michael Saylor announced on the X platform that in November, MicroStrategy raised $13.5 billion and acquired 149,880 BTC at an average price of approximately $90,231, with a BTC yield of 38.7%, bringing a net gain of 97,500 BTC to shareholders (i.e., 3,250 BTC per day). If calculated at a price of $96,000, this amounts to $9.4 billion, or $312 million per day.