nesloyat

@nesloyat

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Noodles are my ultimate comfort food.

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On Jan. 9, RWA blockchain firm Mantra signed a $1 billion deal to tokenize properties belonging to the Damac Group, one of the largest conglomerates in the UAE. The deal ensures that Damac’s tokenized assets will be available exclusively on the Mantra chain throughout 2025.

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Thiel noted that real estate is one of the leading industries adopting RWA tokenization in the UAE. He attributed this trend to the country’s booming property market, particularly in Dubai:

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Thiel said the demand comes from many developers and large real-estate asset owners exploring how to sell their assets through tokenization. “They all want to explore how they can use this as an alternate means of financing or selling their property,” Thiel told Cointelegraph.

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With RWA tokenization on the rise, players in the UAE are seeing more assets tokenized as the region supports the sector. In an interview with Cointelegraph, Scott Thiel, the founder and CEO of Tokinvest — a UAE-regulated RWA platform — said there’s “no lack of demand” for RWAs.

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Block was investigated by money transmission regulators from multiple US states between January 2021 and March 2023, with an examination allegedly finding deficiencies in the firm’s AML Program, particularly concerning compliance with the Bank Secrecy Act.

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The recent selling edged past the second-largest period of outflows in the two weeks leading up to June 21, 2024, when the Bitcoin ETFs saw $1.12 billion worth of outflows while Bitcoin’s price was trading at around $64,000.

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https://warpcast.com/ahtimew/0x803d4391

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Nowadays, what projects call communities are often more akin to a collection of mercenaries, recruited through the promise of an airdrop.

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Funds were raised with the initial coin offering model, requiring projects to build a community willing to put their money where their belief was.

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Anyone launching a project back then would have to prove solid engineering talent, a solution advanced to a minimum viable product level, and outline their ideas in-depth in a white paper.

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In 2014, there was mostly Bitcoin. The ethos of cyberpunks was strong. Crypto was still a niche segment where builders focused on creating products aligned with their vision of increasing financial access, privacy and permissionlessness.

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Yet, few party attendees are likely aware of what Berachian does. To be fair, the team has a solid engineering track record, but chances are it would never have gotten so far if it wasn’t for its founder’s constant tweeting.

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Under its “21/21 plan,” Strategy targets to issue and sell shares of its class A common stock to raise up to $21 billion in equity and $21 billion in fixed-income securities over the next three years in order to accumulate more Bitcoin.

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Similarly to Strategy’s previous Bitcoin purchases, the latest buy was made using proceeds from the issuance and sale of shares under a convertible notes sales agreement.

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With the latest purchase, Strategy has significantly increased its Bitcoin stash acquired so far this year. As of Feb. 9, 2025, Strategy’s YTD Bitcoin purchases amounted to 32,340 BTC or about 7% of its total Bitcoin holdings.

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Additionally, Strategy’s BTC gain in the period from Jan. 1 to Feb. 9 was around $1.8 billion, or nearly 18% from $10 billion of newly targeted gains in 2025.

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After recording a $670 million net loss in the fourth quarter of 2024, the company lowered its BTC yield target to 15% for 2025.

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On Feb. 5, Strategy reported that its Bitcoin yield for 2024 amounted to 74.3%, which is significantly higher than expected in 2025.

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According to the filing, Strategy’s Bitcoin yield — a key performance indicator representing the percentage change of the ratio between its BTC holdings and assumed diluted shares — amounted to 4.1% in the period from Jan. 1 to Feb. 9, 2025.

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