Strategy (MSTR) Crashes 55%—Is A $44 Billion Bitcoin Liquidation Possible? — TradingView News

Shares of Strategy (NASDAQ: MSTR) have dropped by over 55% from the November 24 high at $543 to around $250. With the software intelligence firm now holding approximately 499,096 Bitcoin—worth around $44 billion at current prices—market participants are wondering whether the company could ever face a forced liquidation of its massive Bitcoin treasury. On Tuesday,…

Health tech company liquidator finds around $1m owing

“The director advised the company was placed into liquidation due to the Covid-19 pandemic and the company’s main contractor cancelling the contract on a short notice,” the liquidator’s first report said. Zhang told the Herald the software firm had been inactive for around 18 months by the time of his appointment. The only significant potential…

Assessing corporate vulnerabilities in the euro area

Prepared by Giulio Nicoletti, Ralph Setzer, Mika Tujula and Peter Welz Published as part of the ECB Economic Bulletin, Issue 2/2022. 1 Introduction The coronavirus (COVID-19) crisis was a major shock for the non-financial corporate (NFC) sector. The pandemic and the associated containment measures translated into a large drop in sales for firms. The rapid pace…

NCLT Empowered to Decide Whether Successful Resolution Applicant is Liable to Pay Pre-CIRP Electricity Dues u/s 60(5) of IBC: NCLAT

According to section 60(5) of the code, the NCLT has the authority to decide any matter pertaining to priorities, laws, or facts that arise from or are connected to the settlement of the corporate debtor’s insolvency The National Company Law Appellate Tribunal (NCLAT) has held that the National Company Law Tribunal (NCLT) is empowered to…

Renault’s H2 subsidiary Hyvia is being liquidated

Hyvia announced in a brief statement that the Court of Economic Activities of Versailles had converted the insolvency proceedings, which had been ongoing for several weeks, into a court-ordered liquidation on 18 February. The reason given by the joint venture is that the insolvency administrator had not come across a “credible takeover offer” in his…

New Zealand’s Greenfern Industries In Receivership

After going into a brief trading halt on Monday, New Zealand medical cannabis company Greenfern Industries emerged to announce it was going into receivership. The brief statement said in part: “Damien Grant and Adam Botterill of Waterstone Insolvency have been appointed as receivers and managers over Greenfern Industries Limited (NZX: GFI). This appointment has been…

AF JOANN Fabric out; liquidation sales begin

Rob Shelton | Lehi Free Press In a devastating blow to local crafters and DIY enthusiasts, JOANN Fabric and Crafts announced Sunday the closure of all 800 stores nationwide, including the American Fork location in Utah.  The American Fork store, situated in a shopping center that recently lost Big Lots, will begin liquidation sales immediately.…