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Nasdaq firm scraps massive bitcoin treasury plan to redirect $485 million to AI
BTC
BTC/USDT
$59,936.86
-1.50%
$59,936.86
-1.50%
(24s)24h Volume
$34,027,486,918.84
24h H/L
$61,962.40 / $58,115.01
Change: $3,847.39 (6.62%)
Long/Short
70.2%
Long: 70.2%Short: 29.8%
Funding Rate
-0.0003%
Shorts pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(01:00 PM UTC)
1 min read
1260 views
0 commentsThe Nasdaq-listed firm raised $500 million to invest in bitcoin. Less than a year later, it is chasing the market's current hot sector of AI.
Bitcoin miners are turning to AI infrastructure to ramp up revenues, and some treasury firms are joining in on the rotation too.
K Wave Media (KWM), a Nasdaq-listed Korean media and entertainment firm, told the U.S. Securities and Exchange Commission on…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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