ChainCatcher news, MicroStrategy founder Michael Saylor posted on social media that this year MicroStrategy's capital operations achieved a 26.4% BTC return, bringing approximately 49,936 BTC in net profit to shareholders. This amounts to 157.5 BTC per day, and without the usual operational costs or capital investments associated with Bitcoin mining.

ChainCatcher news, MicroStrategy founder Michael Saylor posted on social media, "Our MSTR treasury operations 10 days before November generated a 7.3% Bitcoin return, bringing approximately 18,410 BTC in net gains to our shareholders."

ChainCatcher news, former Heartland Tri-State Bank CEO Shan Hanes was sentenced to 293 months in prison for embezzling $47 million in a "pig butchering" scheme.The ruling stated that Hanes relinquished ownership of the funds in the Ethereum address managed by Tether Limited. Tether blacklisted the address and froze its transaction permissions to protect investors' rights.Judge John W. Broomes confirmed that all shareholders will receive full compensation. Meanwhile, the Federal Deposit Insurance Corporation (FDIC) also provided full protection for the bank's depositors.

ChainCatcher news, according to CoinDesk, CoinDesk analyst James Van Straten stated: "MicroStrategy's shareholders are a unique group. Typically, dilution of shareholder equity is considered a bad thing, but MicroStrategy shareholders seem very pleased that their equity is being diluted because these shareholders know that MicroStrategy is buying Bitcoin. This strategy effectively increases the value per share, which means the value for shareholders also increases."

ChainCatcher news, Wang Feng, the founder of Blueport Interactive, recalled in a social media post today that in 2019 he proposed the company invest $20 million to purchase Bitcoin (which was priced at less than $6,000 each at the time), but faced strong opposition from board members and a representative of a major shareholder who threatened to sue. It wasn't until early 2023, after Wang Feng resumed the role of CEO, that the company began to implement the Bitcoin investment plan, but by then the price of Bitcoin had risen to $26,000 each.This statement stems from Wang Feng's comments on MicroStrategy's recent plan to raise $42 billion in funding over the next three years. Notably, MicroStrategy only began purchasing Bitcoin on a large scale in 2020, and if Blueport Interactive had executed its investment plan in 2019, it could have potentially reaped substantial profits.According to Wang Feng, when he founded Mars Finance in 2018, the platform secured nearly $10 million in funding within a year, with monthly advertising revenue peaking at 120 Bitcoins, and a single conference in the summer of 2020 could attract approximately 10 million RMB in sponsorship.

ChainCatcher news, according to Cointelegraph, Microsoft shareholders have begun preliminary voting on whether the company should invest in Bitcoin. Previously, Microsoft listed issues to be discussed at the next shareholder meeting in the Form A document submitted to the U.S. Securities and Exchange Commission (SEC) on October 24. One proposal suggests that the tech company should explore Bitcoin as a hedge against inflation and other macroeconomic impacts.

ChainCatcher news, MicroStrategy founder Michael Saylor posted on social media that if Microsoft CEO Satya Nadella wants to make another trillion dollars for Microsoft shareholders, he should contact him.Previously, on October 25 at 8 AM, Microsoft submitted a proposal in its A-form document to the SEC suggesting that the tech company should explore Bitcoin as a hedge against inflation and other macroeconomic impacts. The document showed that the board recommended shareholders vote against the proposal, stating that Microsoft had "carefully considered the issue." The statement said: "Past assessments have included Bitcoin and other cryptocurrencies as options under consideration, and Microsoft will continue to monitor trends and developments related to cryptocurrencies to inform future decisions."

ChainCatcher news, according to Cryptoslate, Japanese listed company Metaplanet announced that purchasing Bitcoin brought a 116% monthly return to its shareholders. The company attributed this significant increase to its substantial growth in Bitcoin holdings, which more than doubled compared to the previous quarter.In just October, Metaplanet acquired over 450 BTC, bringing its total holdings to 855.5 BTC, worth over 56.1 million USD.

ChainCatcher news, according to CoinDesk, Microsoft disclosed in its Schedule A filing with the U.S. Securities and Exchange Commission (SEC) that the conservative think tank National Center for Public Policy Research (NCPPR) plans to propose a "Bitcoin Diversification Assessment" at the annual shareholder meeting. The Microsoft board recommends that shareholders vote against the proposal.NCPPR states in the proposal that Bitcoin is "an excellent choice for hedging against inflation, and may even be the best choice," and suggests that the company invest at least 1% of its total assets in this cryptocurrency. The think tank is one of the members of the "2025 Plan," advocating that companies consider including Bitcoin in their portfolios to hedge against inflation and other macroeconomic impacts.In its opposition statement, Microsoft stated that the company has "carefully considered this topic." The statement noted: "Past assessments have included Bitcoin and other cryptocurrencies as options, and Microsoft will continue to monitor trends and developments related to cryptocurrencies to inform future decisions."Microsoft emphasized that the company has established strong and appropriate processes to manage and diversify its corporate funds to ensure the long-term interests of shareholders. The company believes that the public assessment requested in the proposal is unnecessary. Microsoft also pointed out that, as stated in the proposal itself, volatility is an important factor in assessing whether cryptocurrency investments are suitable for corporate fund management, as corporate fund management requires stable and predictable investments to ensure liquidity and operating capital.

ChainCatcher news, according to Money Today, the Financial Services Commission (FSC) of South Korea is actively promoting legal amendments to strictly review the major shareholders and governance of cryptocurrency exchanges. Currently, under existing laws including the "Virtual Asset User Protection Act," the FSC lacks the statutory authority to review shareholders. In a parliamentary audit, FSC Chairman Kim Byoung-hwan stated that an amendment to the "Act on Reporting and Using Specific Financial Transaction Information" has been submitted to provide a legal basis for the FSC to assess the qualifications of major shareholders.

ChainCatcher news, according to The Block, based on a newly disclosed agreement, FTX debtors will allocate up to $230 million from the proceeds of government seizure actions to compensate preferred shareholders. The finalization of this agreement after the deadline for FTX creditors to vote on the claims plan, and its announcement 30 days later, has surprised and angered some creditors. Before the voting deadline on August 16, creditors overwhelmingly approved the FTX restructuring plan, but they were unaware of this provision. Although shareholders typically receive compensation last in bankruptcy proceedings, FTX debtors stated that compensating preferred shareholders would help avoid high litigation costs and delays associated with the seized proceeds.Additionally, according to the latest FTX bankruptcy filings, the claims plan has not yet been approved by the court. The next court hearing to confirm the restructuring plan is scheduled for October 7, 2024. If the plan is approved, creditors with claims under $50,000 may begin to receive compensation by the end of 2024. Those with larger claims may have to wait until the first or second quarter of 2025 to receive compensation.

ChainCatcher news, according to Bitcoin.com, Bitcoin mining companies Riot Platforms and Bitfarms announced in a joint statement on September 23, 2024, that they have resolved their dispute through a settlement agreement. The agreement has been submitted to the U.S. Securities and Exchange Commission (SEC) and was reached before Bitfarms' special shareholder meeting on November 6, 2024.According to the terms of the settlement, Riot agreed to withdraw its proposal to replace certain members of the Bitfarms board of directors. In exchange, Bitfarms appointed Amy Freedman to the board and assigned her to key committees, including the Governance and Nominating Committee, the Compensation Committee, and any special committee of independent directors.

ChainCatcher news, according to The Block, Bitcoin mining company Bitfarms has postponed the special shareholders' meeting by a week to reassess the revised demands proposed by Riot Platforms.Bitfarms has delayed the meeting originally scheduled for October 29 to November 6, which was initially in response to the demands made by Riot Platforms on June 24.Riot amended its demands on September 3, focusing primarily on Bitfarms' recent governance changes and its proposal to acquire Stronghold Digital before the special shareholders' meeting. Riot advocates for further changes to Bitfarms' board, arguing that independent oversight and better governance practices are needed to enhance shareholder value.

ChainCatcher news, Bitcoin miner Bitfarms has set October 29, 2024, as the date for its special shareholder meeting, following a request from Riot Platforms to convene a special shareholder meeting on June 24.The company stated in a release on Friday that Bitfarms shareholders who are on record as of September 26, 2024, are entitled to vote at the meeting, but no action is currently required. Bitfarms indicated that the board's special committee of independent directors reviewed the request with the assistance of financial and legal advisors and unanimously decided on the meeting and record dates.

ChainCatcher news, a judge in Delaware heard arguments from lawyers regarding the massive compensation demands made by Tesla CEO Elon Musk, with these lawyers arguing that Musk's enormous pay is illegal and should be voided.A Tesla shareholder questioned Musk's 2018 compensation plan, with their lawyer requesting Judge Kathaleen Saint Jude McCormick to rule that legal fees be paid to them in the form of Tesla stock, which, at current trading prices, is valued at over $7 billion. The 2018 Musk compensation plan, which was overturned by the judge, could be worth over $55 billion.After a full day of expert witness testimonies and lawyer debates, McCormick did not indicate when she would rule on the fee request.

ChainCatcher news, according to DL News, a Binance spokesperson stated that Binance's French subsidiary has replaced co-founder Zhao Changpeng with two new shareholders, a move aimed at ensuring that Binance does not lose its right to operate in the EU's second-largest economy.According to French regulations, major shareholders of a company cannot be criminals. The EU's Markets in Crypto-Assets regulation (MiCA) allows companies to "passport" their licenses from one home country to the other 27 countries in the EU.A Binance spokesperson said on Tuesday, "The new shareholders of Binance France are all members of Binance's co-founding team." An official update from the French commercial registry shows that Binance France's shares are split between Yulong Yan and Lihua He, each holding 50%. Yulong Yan (English name Allan Yan) is identified as a team member in the Binance white paper. He was a co-founder and product director of the now-defunct Chinese exchange service company Bijie Tech.

ChainCatcher news, the Hong Kong licensed virtual asset trading platform OSL's parent company BC Technology Group announced that shareholders have officially approved the relevant resolutions through voting, the main contents include:Approval, confirmation, and ratification of the subscription agreement entered into by BGXGroup Holding Limited (as the subscriber) on November 13, 2023, with conditional agreement to allocate and issue a total of 187,600,000 subscription shares at a subscription price of HKD 3.80 per subscription share, and the transactions to be conducted thereunder; granting special authority to the directors to exercise all powers of BC Technology Group to allocate and issue the subscription shares in accordance with the terms and conditions set forth in the subscription agreement and within its limits;Upon obtaining the approval of the Registrar of Companies in the Cayman Islands, the company's English name will be changed from "BC Technology Group Limited" to "OSL Group Limited" and the company's Chinese dual foreign name will be changed from "BC 科技集团有限公司" to "OSL 集团有限公司".

ChainCatcher news, Hong Kong-listed company Boyaa Interactive International Limited will hold a special general meeting of shareholders on December 20, 2023. At this special general meeting, the purchase authorization will be considered and approved at the discretion of the shareholders, authorizing the directors to make potential cryptocurrency purchases.All votes at the special general meeting will be conducted by ballot. The directors (including independent non-executive directors) believe that the terms of the purchase authorization related to potential cryptocurrency purchases are fair and reasonable, in line with normal commercial terms, and in the overall interest of the company and its shareholders.The board of directors of Boyaa Interactive believes that the purchase and holding of cryptocurrencies are important measures for the group’s business layout and development in the Web3 field, and an important part of the group's asset allocation strategy. After careful consideration, the board recommends seeking prior approval from shareholders to grant the purchase authorization, which will empower the board of directors to make potential cryptocurrency purchases during the authorization period, specifically within 12 months from the date of the ordinary resolution passed at the special general meeting regarding the authorization and potential cryptocurrency purchases, with a total purchase amount not exceeding $100 million. Boyaa Interactive plans to primarily purchase Bitcoin (BTC) and Ethereum (ETH) under the purchase authorization, intending to buy $45 million in BTC and $45 million in ETH, in addition to allocating $10 million to Tether (USDT) and USD Coin (USDC).

ChainCatcher news reports that the unlicensed virtual asset trading platform JPEX recently proposed a "DAO Stakeholder Dividend Plan" and claimed that 70% of users participating in the referendum agreed on the first day.Hong Kong Legislative Council member Huang Jun-shuo reminded that under the plan, investor dividends can be a maximum of 49%, which means that the decision-making power still lies with JPEX. Investors should be particularly cautious, as transitioning from creditors to shareholders does not guarantee the recovery of investment funds; if the company incurs debts, it could lead to users being "burdened with debt."