Category: crypto
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Growing Corporate Interest in Bitcoin: Lessons from MicroStrategy
More companies are exploring Bitcoin investments, inspired by MicroStrategy’s 501% stock surge from Bitcoin holdings. Several firms are adopting similar strategies, viewing Bitcoin as a hedge against inflation and market volatility. However, these investments come with risks, especially given Bitcoin’s current high prices and potential for sudden value swings. Shareholders may not support these moves…
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Canadian Company Secures Ownership of Two Norwegian Mining Firms
Canadian company Blue Moon Metals will acquire 100% ownership of two North Norwegian mining companies, Nye Sulitjelma Gruver and Nussir, for a total of 67.3 million USD. This merger aims to leverage untapped copper mining potential in the region, promising job creation and financial benefits to the local community, while addressing financing and regulatory challenges…
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Coromandel International Increases Stake in BMCC to Strengthen Phosphate Supply Chain
Coromandel International has announced plans to acquire an additional 8.82% stake in Senegal-based BMCC, increasing its shareholding to 53.8%. The total investment includes a $3.84 million equity stake and a $6.5 million loan aimed at funding expansion and working capital needs. This strategic move enhances Coromandel’s capacity to secure rock phosphate for its fertilizer production,…