4E: OSL plans to raise more than HK$2.3 billion to expand its crypto footprint, Strategy's Bitcoin purchase plan increases to US$2 billion

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ChainCatcher reports that, according to 4E's observation, OSL Group announced raising approximately 2.355 billion Hong Kong dollars through a placement and subscription agreement, to be used for strategic acquisitions, stablecoin business, and other expansion plans, with a placement price of 14.90 Hong Kong dollars, representing a 15.34% discount to the previous closing price. The net proceeds from this placement are estimated at around 2.336 billion Hong Kong dollars, adding further ammunition to its digital asset ecosystem layout.

Meanwhile, the crypto investment company Strategy plans to increase its financing scale for Bitcoin purchases from 5 billion US dollars to 20 billion US dollars, further expanding its market presence.

JPMorgan stated that the crypto market has attracted 60 billion US dollars in capital inflows so far, and investors' interest in Altcoins continues to rise. Bitwise also disclosed that since mid-May, ETPs and listed companies have collectively purchased 2.83 million ETH, which is 32 times the new issuance volume during the same period, with strong demand driving a significant increase in ETH prices.

On the macro front, Bank of America analysts said that questions about the Federal Reserve's independence are pressuring the US dollar's performance, and investors are beginning to expect more accommodative policies in the future. The latest US initial jobless claims were 217,000, below expectations, indicating a still-robust labor market.

Additionally, the White House plans to allow 401(k) accounts to invest in crypto assets, and the Blackstone president predicts this will benefit top private equity firms, further pushing alternative assets into mainstream investment portfolios.

4E reminds investors that the current strong capital inflows are closely intertwined with policy dynamics, and they need to closely monitor market volatility and structural opportunities.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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