Strategy (previously MicroStrategy) stock has plunged more than 55% from its all-time high, fueling speculation that the company could be forced to sell off its massive Bitcoin (BTC) holdings. With approximately 499,096 Bitcoin worth $43.7 billion, the firm has built one of the largest corporate Bitcoin reserves, but concerns are rising over its ability to…
Strategy stock plunged 11% on Feb. 25 as Bitcoin slipped below $90,000, raising concerns about a possible liquidation due to the company’s massive Bitcoin exposure. With 499,096 Bitcoin (BTC) valued at around $44 billion, Strategy is the largest corporate Bitcoin holder, making its financial stability closely tied to the asset’s price movements. The sharp drop…
Eye-watering amount owed by Aussie retailer Herald Sun Read the original article here
NCLT admits Ansal Properties & Infrastructure to insolvency Bar & Bench – Indian Legal News Read the original article here
Broughty Ferry pub firm liquidated after owner’s drink-driving ban Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. … Read the original article here
Joann, a renowned chain of stores specializing in crafts and sewing, will close all its locations in the United States. The company announced its total liquidation after failing to find a solution to remain operational. The closure depends on court approval but inventory liquidation has already begun in more than 800 stores. GA Group and…
Strategy’s MSTR has declined over 55% since November 20, igniting concerns of forced liquidations among investors. The sell-off stems from the company’s heavy exposure to Bitcoin following its buying spree in the past year. Strategy could be forced to liquidate part of its Bitcoin holdings if investors redeem convertible notes early. Strategy (formerly MicroStrategy) witnessed…
The regulator has cancelled the Australian Financial Services licence (AFSL) and credit licence of Ultiqa Lifestyle Promotions Limited. Ultiqa Lifestyle Promotions, which is in liquidation, has seen its AFSL and credit licence cancelled following an Australian Financial Complaints Authority (AFCA) determination. On 28 June 2024, AFCA made a determination against Ultiqa, which it failed to…
Atunlo on edge of liquidation after court grants another extension SeafoodSource Read the original article here
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