Crypto Biz: Is this what a bear market looks like? (Spoiler: No)

Despite Bitcoin's drop below $90,000 this week, which raised concerns about the end of the bull market, the influx of hundreds of millions into crypto companies indicates robust institutional interest in the sector. Republic Technologies secured $100 million through a zero-interest convertible note, allowing it to expand Ether holdings while minimizing shareholder dilution. Meanwhile, Kraken raised $800 million at a $20 billion valuation, with Citadel Securities contributing $200 million to facilitate its planned IPO. Tether is also diversifying, planning to lend $1.5 billion in commodities, including agricultural goods and oil, leveraging its tokenized gold products. Strategy, a major Bitcoin treasury company, purchased an additional 8,178 BTC for $835.6 million, reaffirming its position as the largest corporate Bitcoin holder. These developments suggest a maturing market, with varied financing innovations and ongoing interest from both institutional investors and established companies.

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