Latest news with #SwanBitcoin
CNBC
7 days ago
- Business
- CNBC
XRP rises after Ripple selects BNY Mellon as custodian of firm's new stablecoin: CNBC Crypto World
On today's episode of CNBC Crypto World, Ripple selects Bank of New York Mellon as the primary custodian for the firm's U.S. dollar-pegged stablecoin reserves. Plus, Swan Bitcoin CIO Ben Werkman explains why bitcoin is quickly becoming a more attractive treasury asset for companies.
Yahoo
09-07-2025
- Business
- Yahoo
Chip company's stock jumps 43% after aggressive new strategy
Chip company's stock jumps 43% after aggressive new strategy originally appeared on TheStreet. Sequans Communications, a global leader in 5G and 4G internet-of-things (IOT), has successfully implemented a Bitcoin-focused treasury strategy, attracting $384 million through a combination of equity and debt offerings. Backing the move are more than 40 institutional investors, representing a significant turning point for the company in becoming another corporate name to join the list of companies and corporations embracing Bitcoin as a reserve asset. CEO Georges Karam confirmed the company plans to start purchasing Bitcoin right away, noting that Bitcoin's scarcity and lack of a centralized authority could help Sequans's financial resiliency and long-term value to its shareholders. He also stated that the company will continue to buy more Bitcoin, utilizing cash flows from its core business as well as new capital were over 139 million American Depository Shares (ADSs) and secured convertible debentures maturing in 2028 sold in this fundraising, plus common warrants at $1.40 per ADS, which could yield an additional $57.6 million if exercised in full. The proceeds will be used to purchase Bitcoin and meet governance requirements as specified in the offering. Sequans is partnering with Swan Bitcoin, a prominent institutional Bitcoin service, to provide execution and custody security. This is similar to MicroStrategy and Japan's Metaplanet using Bitcoin as a hedge against increasing sovereign debt and inflation. After the announcement, Sequans' stock (SQNS) climbed over 43% in 24 hours, peaking at $1.81 pre-market. By contrast, Bitcoin traded around $109,100.95, up 1.13% according to Kraken's price feeds. However, SQNS has seen a 43.75% decline in the year-to-date period. Chip company's stock jumps 43% after aggressive new strategy first appeared on TheStreet on Jul 8, 2025 This story was originally reported by TheStreet on Jul 8, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-07-2025
- Business
- Yahoo
Here are the next tailwinds for bitcoin
Bitcoin (BTC-USD) has risen about 15% so far this year. In the video above, Swan Bitcoin chief investment officer Ben Werkman shares what he thinks will power the cryptocurrency higher in the coming months. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Well, what are the catalysts, what are the tailwinds that you think drive Bitcoin higher? There's some significant tailwinds that are coming We're seeing the regulations easing. You've got the Clarity Act coming out which is gonna put definitive clarity around Bitcoin as a digital commodity versus several others that are digital securities. So we're seeing some help from the regulations, but really the big trend that you're seeing is the adoption from corporations and you're seeing the emergence of these Bitcoin treasury companies that are utilizing the scarcity of Bitcoin, the fixed supply, and they're arbitraging that against the lack of scarcity in the US dollar, but they're providing products through different types of securities that institutional capital can buy, and the institutional capital pools are very deep and they're coming for Bitcoin about the proliferation of Bitcoin treasury companies, you have seen Jim Chanos, by the way, beefing with Michael Saylor of Strategy about this, right? And I'll read you what Chanos had some strong thoughts about this. They were kind of talking about the, the value of the company and Chanos told Bloomberg this. He said there's a wonderful sales job that's being done about the fact that this is an economic engine in and of itself, he says, therefore terms like Bitcoin yield, this is Chanos, are used, and I've called them financial gibberish because they are. What do you say to that, Ben? I think there's a lot of misunderstanding out there still around this industry. People are still trying to get up to speed with what it means to be a Bitcoin treasury company and what that means is you're trying to acquire Bitcoin on behalf of your shareholders. And when you're doing that, your primary metric with every transaction you undertake is how much more Bitcoin is back. Each share of common stock, so Bitcoin yield represents the pace at which you're accumulating that Bitcoin. So these are different concepts for the traditional financial markets to grasp, but what he thinks he's doing is the same trade as Michael Saylor and historically this type of a short position hasn't worked out all too well.
Yahoo
07-07-2025
- Business
- Yahoo
Here are the next tailwinds for bitcoin
Bitcoin (BTC-USD) has risen about 15% so far this year. In the video above, Swan Bitcoin chief investment officer Ben Werkman shares what he thinks will power the cryptocurrency higher in the coming months. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. What are the catalysts, what are the tailwinds that you think drives bitcoin higher? There's some significant tailwinds that are coming. We're seeing the regulations easing, you've got the Clarity Act coming out, which is going to put definitive clarity around bitcoin as a digital commodity versus several others that are digital securities. So we're seeing some help from the regulations, but really the big trend that you're seeing is the adoption from corporations and you're seeing the emergence of these bitcoin treasury companies that are utilizing the scarcity of bitcoin, the fixed supply, and they're arbitraging that against the lack of scarcity in the US dollar, but they're providing products through different types of securities that institutional capital can buy. And the institutional capital pools are very deep and they're coming for bitcoin. About the proliferation of bit bitcoin treasury companies, you have seen Jim Chanos, by the way, beefing with Michael Saylor of strategy about this, right? And I'll read you what Chanos had some strong thoughts about this. They were kind of talking about the the value of the company. Chanos told Bloomberg this. He said there's a wonderful sales job that's being done about the fact that this is an economic engine in and of itself. He says, therefore, terms like bitcoin yield, this is Chanos are used, and I've called them financial gibberish because they are. What do you say to that, Ben? I think there's a lot of misunderstanding out there still around this industry. People are still trying to get up to speed with what it means to be a bitcoin treasury company. And what that means is you're trying to acquire bitcoin on behalf of your shareholders. And when you're doing that, your primary metric with every transaction you undertake is how much more bitcoin is backing each share of common stock. So bitcoin yield represents the pace at which you're accumulating that bitcoin. So these are different concepts for the traditional financial markets to grasp, but what he thinks he's doing is the same trade as Michael Saylor, and historically this type of a short position hasn't worked out all too well. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Business
- Yahoo
Crypto could soon help more people get a mortgage — but market experts see 2 risks
The FHFA wants Fannie and Freddie to start counting crypto as an asset when assessing mortgage risk. Some experts aren't on board, citing added risks to housing finance stemming from crypto. Crypto's volatility is a top concern, sources told BI. Cryptocurrency has been slowly making inroads into mainstream finance, and housing could be the next frontier. Last week, the head of the Federal Housing Finance Agency ordered Fannie Mae and Freddie Mac to draw up proposals to begin counting crypto as an asset in mortgage lending assessments. Crypto holdings would be added to the list of traditional assets, such as cash, bank accounts, and stocks, that borrowers can claim when applying for a loan that would fit the mold of those purchased by Fannie and Freddie. Crypto owners would be able to count their holdings toward a mortgage without needing to liquidate them into cash. While some private lenders already consider crypto in mortgage evaluations, the broader mortgage market, including government-backed loans, has yet to follow suit. Cory Klippsten, CEO of the bitcoin financial services company Swan Bitcoin, is excited about the development. Qualifying for a mortgage has been "the number one issue" for bitcoin holders for a long time, in his opinion. He's seen cases of bitcoin holders with portfolios worth eight figures who couldn't qualify for a mortgage. "How do you unlock enough liquidity to put your family in a home? Right now, that causes a lot of forced selling," Klippsten said. However, Klippsten thinks guardrails are important when it comes to new legislation. Others tell BI they think crypto mortgages are a flat-out bad idea. Here's what they say are key issues. Much of the concern about crypto mortgages stems from their volatility. "We see huge intraday swings in the price of cryptocurrencies," Amanda Fischer, policy director and chief operating officer of nonprofit Better Markets, said. "If we are determining someone's creditworthiness based on how much crypto they hold, that estimate may not be true six hours from the time the determination is made." Fischer's also concerned about the safety of crypto assets. While the FHFA proposal states that only cryptocurrencies "evidenced and stored on US-centralized exchanges" can be considered, Fischer points out even centralized exchanges are susceptible to security breaches. For example, Coinbase was just hacked in May. Klippsten believes regulators should limit the list of eligible cryptos to those with over $100 billion in market cap over the last 24 months, excluding more volatile assets like meme coins. "If I were a mortgage lender, I wouldn't underwrite that," Klippsten said of smaller cryptocurrencies, "but I absolutely would underwrite bitcoin." Richard Bernstein, CEO and CIO of Richard Bernstein Advisors, thinks crypto mortgages are a highly risky move that would inject even more volatility into the housing market. Bernstein said that while some may argue bitcoin is a more trusted and established cryptocurrency, many crypto assets tend to move in the same direction at the same time, with a 70% correlation with the top token. "Of course, for a mortgage, the collateral is the real estate itself, so allowing crypto to pass as an underlying credible asset simply compounds the risk of the mortgage," Bernstein said. Another key source of concern about crypto mortgages is the fact that Fannie Mae and Freddie Mac are government-sponsored enterprises, and the mortgage-backed securities they issue have an implicit government guarantee. That means that American taxpayers could ultimately shoulder the burden if riskier lending led to more defaults. This was evident during the 2008 financial crisis, when the government was forced to bail out both GSEs, ultimately taking them over to prevent a wider systemic crisis. "Taxpayers have already lost billions and billions of dollars on Freddie Mac and Fannie Mae. I think they should be on the more conservative side," Fischer said of the GSEs. Counting crypto as mortgage assets could have benefits, such as expanding homeownership to those who may not qualify under traditional asset criteria, but Fischer believes Fannie Mae and Freddie Mac should have more stringent underwriting criteria. "I'm not saying there aren't any pros. Maybe more people can get mortgages who otherwise wouldn't get them," Fischer added. "I just don't think the government should be on the hook for crypto-backed mortgages." Read the original article on Business Insider Sign in to access your portfolio
