Abraxas Capital has been on a buying spree—pulling out 185,309 ETH (worth around $399M) from exchanges over the last 3 days.
This move coincides with ETH’s strong rally from $1,800 to $2,600, marking a sharp 44% surge.
BY Technical CRYPTO Analyst
To pay the bills, Mr. Durov is issuing investors $1 billion to $1.5 billion of company debt, with the promise of discounted equity if the company eventually goes public, the people briefed on the plans said. He has also announced plans to start selling ads in public Telegram channels as soon as later this year, as well as offering other premium services for businesses and users.
Tata Power whose core business is to generate, transmit and distribute electricity has made no money to investors in the last one decade. That is a big blunder considering it is one of the largest power generation companies in the country. One of the reasons is the company's huge debt levels which stood at ₹43,559 crore at the end of March 2021 compared to the company’s market capitalisation of ₹44,447 crore.
Technical CRYPTO Analyst from kr