balance sheet – Charm

US investor strikes $1 billion merger to create bitcoin treasury company

Cs news4 days ago03 mins

By Gertrude Chavez-Dreyfuss BOSTON (Reuters) -U.S. investor and entrepreneur Anthony Pompliano announced on Monday the creation of a new bitcoin (BTC-USD) treasury company that would hold up to $1 billion of the world’s largest cryptocurrency on its balance sheet. Pompliano said in a statement that his financial services firm ProCap BTC would merge with Columbus…

Markets more confident Fed balance sheet drawdown has room to run

Cs news8 months ago010 mins

By Michael S. Derby NEW YORK (Reuters) – Financial markets are heading into this week’s Federal Reserve meeting with more clarity over the outlook for the U.S. central bank’s ongoing balance sheet drawdown than they’ve had in a while, and those keeping close tabs on the process see it continuing into next year even as…