Latest news with #institutionaldemand
Fast Company
11-07-2025
- Business
- Fast Company
Why is Bitcoin up today? $120,000 milestone in reach as cryptocurrency enjoys summer rally
Investors in reigning cryptocurrency champ Bitcoin are having a pretty good week. As of the time of this writing, the crypto is up over 8% this week and over 6% in the last day alone. The token is now within reach of the psychologically important $120,000 threshold, which would be an all-time high. Here is a possible reason for Bitcoin's recent all-time highs. Bitcoin's rise to $120,000 As of the time of this writing, BTC is sitting at just above $118,000 per coin after hitting an earlier all-time high of $118,780. At $118,000, Bitcoin is within striking distance of hitting $120,000 per coin, which would mark the first time in history that Bitcoin has reached that level. That threshold would represent a psychologically important barrier and could serve as a launchpad for Bitcoin to rise further in the months ahead. Today's all-time high price is also notable because it is a reversal of fortune for the coin, which saw its value plummet to nearly $76,000 in April. Over the past year, the coin had gone even lower, falling to nearly $49,000 in August. But since its April 2025 lows, Bitcoin has been steadily climbing, and in the past week alone, the coin has jumped nearly 8%. But what's behind its most recent gains? Institutional demand for Bitcoin is up It's never possible to say with 100% certainty why Bitcoin rises or falls. So much of Bitcoin trading, like most asset trading, is based on fear or greed—powerful emotions fueled by myriad real-world factors. However, one of the reasons Bitcoin may be surging this week is due to institutional investors, notes Reuters. Institutional investors are group entities and differ from what are known as retail investors —individuals who invest in the stock market. Institutional investors include banks, hedge funds, pension funds, and other organizations that have tremendous buying power. And as Reuters notes, institutional demand for Bitcoin and other cryptocurrencies has been surging lately as the digital tokens gain legitimacy as another arm of the economy, particularly after President Trump signed an executive order in March establishing a strategic cryptocurrency reserve. Legitimacy increases demand for an asset, and so institutional investors are snapping the tokens up, leading to an increase in their value, based on the assumption that the coins will become a more important part of the financial sector going forward. As for where Bitcoin goes from here—no one knows for sure. Bitcoin, like most crypto assets, is highly volatile. The price can fluctuate widely over just a few days. Some Bitcoin proponents believe passing the $120,000 threshold could mean that the token is on its way to hitting $150,000.
CNA
09-07-2025
- Business
- CNA
Bitcoin hits record high just shy of $112,000
NEW YORK :Bitcoin rose to an all-time high near $112,000 late on Wednesday, bolstered by an increase in risk appetite and persistent institutional demand. The world's largest cryptocurrency touched a high of $111,988.90 and was last up 2 per cent at $110,922.48.
Globe and Mail
02-06-2025
- Business
- Globe and Mail
Goliath Resources Announces Concurrent Non-Brokered Private Placement of Charity Flow-Through Shares Following Previously Announced 'Bought Deal' Offering For Combined Gross Proceeds Total Up To C$24,065,200
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, June 02, 2025 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IF) (the " Company" or " Goliath") is pleased to announce that, in response to overwhelming institutional demand following the announcement of a proposed 'bought deal' private placement for gross proceeds of C$20,002,700 (see the news release of the Company dated May 29, 2025) (the ' Bought Deal Offering '), the Company intends to complete a concurrent non-brokered private placement on similar terms whereby it proposes to issue up to 1,281,545 common shares of the Company (the ' Charity Flow-Through Shares ') at a price of C$3.17 per Charity Flow-Through Share for gross proceeds of up to approximately C$4,062,500 (the ' Concurrent Offering '). The Charity Flow-Through Shares will qualify as 'flow-through shares' as defined in subsection 66(15) of the Income Tax Act (Canada) (the ' Tax Act '). The Concurrent Offering is intended to accommodate additional demand for the Charity Flow-Through Shares, and provides the Company with further flexibility in allocating Charity Flow-Through Shares to investors. In aggregate, the Company anticipates raising up to C$24,065,200 in total gross proceeds under the Bought Deal Offering and the Concurrent Offering. In consideration for the services provided to the Company in connection with the Concurrent Offering, certain finders will be entitled to receive a cash commission equal to 6.0% of the gross proceeds raised under the Concurrent Offering and such number of common share purchase warrants (' Finder's Warrants ') as is equal to 6.0% of the number of Charity Flow-Through Shares sold under the Concurrent Offering. Each Finder's Warrant will entitle the holder thereof to acquire one common share of the Company at a price of C$1.95 for a period of 24 months following the closing of the Concurrent Offering. The cash commission will not be paid from the gross proceeds of the Concurrent Offering and will be paid using the Company's existing cash on hand. The Concurrent Offering is expected to close on or about June 16, 2025 (the ' Closing Date '), and is subject to certain conditions including the receipt of all necessary approvals such as the approval of the TSX Venture Exchange (the " Exchange"). The Company will use the gross proceeds of the Concurrent Offering to incur Qualifying Expenditures (as defined here) on the Company's flagship Golddigger-Surebet Gold Project, located in British Columbia, Canada. The gross proceeds from the Charity Flow-Through Shares will be used to incur exploration expenses that qualify as "Canadian exploration expenses" as defined in subsection 66.1(6) of the Tax Act, "flow-through mining expenditures" as defined in subsection 127(9) of the Tax Act for purposes of the mineral exploration tax credit, and for individual subscribers resident in British Columbia, "BC flow-through mining expenditures" as defined in subsection 4.721(1) of the Income Tax Act (British Columbia) (the ' Qualifying Expenditures '). Such expenses will be incurred on or before December 31, 2026, and renounced to the subscribers with an effective date no later than December 31, 2025. The "BC mining flow-through share tax credit" allows individual residents of British Columbia who invest in flow-through shares to claim a provincial non-refundable tax credit in an amount equal to 20% of such subscriber's "BC flow-through mining expenditures." The Charity Flow-Through Shares, the Finder's Warrants and common shares that will be issuable upon the exercise of the Finder's Warrants (if any) will be issued pursuant to available exemptions under National Instrument 45-106 - Prospectus Exemptions, and will be subject to a hold period expiring four months and one day following the Closing Date. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " 1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. About Goliath Resources Limited Goliath is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. All of its projects are in high quality geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech. Goliath's key strategic cornerstone shareholders include Crescat Capital, McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), Mr. Rob McEwen, a Global Commodity Group based in Singapore, Mr. Eric Sprott and Mr. Larry Childress. For more information please contact: Goliath Resources Limited Mr. Roger Rosmus Founder and CEO Tel: +1.416.488.2887 roger@ This press release contains statements that constitute 'forward-looking information' (' forward-looking information ') within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements in this news release include statements regarding the Concurrent Offering (including the completion of the Concurrent Offering on the terms and timeline as announced or ats all, the tax treatment of the Charity Flow-Through Shares, the timing to incur and renounce all Qualifying Expenditures in favour of the subscribers, and the use of proceeds of the Concurrent Offering), and the Company's ability to obtain all regulatory approvals, including the approval of the Exchange. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to: compliance with extensive government regulations; domestic and foreign laws and regulations adversely affecting the Company's business and results of operations; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.
