• About
  • Coincu
  • Hot topics
  • Random
Sunday, February 5, 2023
CoinCu News
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
  • Video
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
  • Video
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
No Result
View All Result
CoinCu News
No Result
View All Result
Home Bitcoin

Streaming Platform Angel Studios Added $10.6 Million in Bitcoin To Its Balance Sheet

May 4, 2022
in Bitcoin
375
90
SHARES
3k
VIEWS
Share on Facebook

Currency.com Review: Top Secure Exchange

CoinFlex Mints $14 Million FLEX, Token Price Soars Over 90% After GTX News

Streaming Platform Angel Studios Added $10.6 Million in Bitcoin To Its Balance Sheet

Streaming Platform Angel Studios Added $10.6 Million in Bitcoin

Utah-based streaming platform Angel Studios added $10.6 million in Bitcoin to its treasury through a stock sale last October, according to SEC filings.

“​​On October 18, 2021, the Company sold 1,685,392 shares of its Class A common stock at the average price of $9.28 per share. The Company received $4,999,993 in cash, and the equivalent value of $10,649,895 in bitcoin for the shares,” the document said.

Meanwhile, the Twitter account MacroScope pointed out that Angel Studios is financed by Gigafund, a venture capital firm linked to Tesla CEO Elon Musk through its founder “PayPal Mafia” member Luke Nosek and its investments in Elon Musk-related businesses.

Angel Studios recorded a $2.7 million impairment loss on its Bitcoin in December, following a major fall in the cryptocurrency market. Although firms such as MicroStrategy and Tesla have Bitcoin on their balance sheets, few U.S. companies are known to have purchased it through a Bitcoin-denominated stock sale.

Utah-based Angel Studios is a community-based film company that aims to “put the power of television to the people who are actually watching it.” Watchers can choose what content is sponsored, created, and distributed.

Bitcoin is now trading about $38,000, down from a high of $40,241 on April 29.

 Angel Studios
Source: CoinCu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

Elon Musk With Harmful Jokes

Will Elon Musk Keep His Promises For Web3?

Elon Musk Is Satoshi Nakamoto: New Circumstantial Evidence Supports An Old Rumor?

Elon Musk Sold $7B Of Tesla Shares As The Battle With Twitter Intensifies

Elon Musk Has Sold $4 Billion In Tesla Stock After Twitter's Acquisition

How To Transfer Cryptocurrency From Binance To PayPal: Step By Step

Tags: # Cryptocurrencies#Bitcoinangel studiosbalance sheetBTCcryptostreaming platform
Previous Post

The Price Of Algorand Has Increased By 15% After A Deal With FIFA

Next Post

Review MetaDerby ($DBY) – The 1st Free-to-Play-and-Earn horse racing game in the metaverse

Other Posts

Nearly 70% Of Dogecoin Holders Are Profitable While Most Shiba Inu Holders In Loss
Altcoins

Nearly 70% Of Dogecoin Holders Are Profitable While Most Shiba Inu Holders In Loss

February 4, 2023
Bitcoin (BTC) Declines Despite Incredibly Strong Jobs
Bitcoin

Bitcoin (BTC) Declines Despite Incredibly Strong Jobs

February 3, 2023
Bitcoin (BTC) Could Reach $32,000 In 2024 Halving As It Now Is In Bottom
Bitcoin

Bitcoin (BTC) Could Reach $32,000 In 2024 Halving As It Now Is In Bottom

February 3, 2023
Nasdaq Is boosted By Bitcoin As The NCI Index Gains 38% In January
Bitcoin

Nasdaq Is boosted By Bitcoin As The NCI Index Gains 38% In January

February 3, 2023
Litecoin (LTC) Hit $100 As Dogecoin Gains 40% With Major Whale Transactions
Altcoins

Litecoin (LTC) Hit $100 As Dogecoin Gains 40% With Major Whale Transactions

February 2, 2023
ARK Invest Predicts Bitcoin Price To Hit $1 Million By 2030
Bitcoin

ARK Invest Predicts Bitcoin Price To Hit $1 Million By 2030

February 1, 2023
Next Post
metaderby

Review MetaDerby ($DBY) - The 1st Free-to-Play-and-Earn horse racing game in the metaverse

  • Stronghold Digital Mining Posts Prospectus For Share Sale While It Works To Conserve Money

    Stronghold Digital Mining Posts Prospectus For Share Sale While It Works To Conserve Money

    141 shares
    Share 56 Tweet 35
  • Terra Classic Adopts New Proposal To “Re-Peg USTC With LUNC,” USTC Soars 30%

    120 shares
    Share 48 Tweet 30
  • Solana DeFi Everlend Finance Terminates Its App Due To Lack Of Money

    142 shares
    Share 57 Tweet 36
  • Nearly 70% Of Dogecoin Holders Are Profitable While Most Shiba Inu Holders In Loss

    97 shares
    Share 39 Tweet 24
  • ImmutableX Announcing Watch To Earn (W2E) As Its Whale Holdings IMX Tokens Gains 58%

    99 shares
    Share 40 Tweet 25
Currency.com Review: Top Secure Exchange

Currency.com Review: Top Secure Exchange

February 5, 2023
Illuvium (ILV) Surges By More Than 30% This Week Amid A Flurry Of New Upgrades

Illuvium (ILV) Surges By More Than 30% This Week Amid A Flurry Of New Upgrades

February 4, 2023
Nearly 70% Of Dogecoin Holders Are Profitable While Most Shiba Inu Holders In Loss

Nearly 70% Of Dogecoin Holders Are Profitable While Most Shiba Inu Holders In Loss

February 4, 2023
Gearbox Protocol Establishes The Gearbox Foundation To Promote Development

Gearbox Protocol Establishes The Gearbox Foundation To Promote Development

February 4, 2023
CoinFlex Mints $14 Million FLEX, Token Price Soars Over 90% After GTX News

CoinFlex Mints $14 Million FLEX, Token Price Soars Over 90% After GTX News

February 4, 2023
Aave Records 106 Transactions Worth $100,000 While LRC Network Surge In January

Aave Records 106 Transactions Worth $100,000 While LRC Network Surge In January

February 4, 2023
Delphi Labs To Launch Passive Concentrated Liquidity For AMM

Delphi Labs To Launch Passive Concentrated Liquidity For AMM

February 4, 2023
Andrew Griffith MP To Pass The Financial Services And Markets Bill In 2023

Andrew Griffith MP To Pass The Financial Services And Markets Bill In 2023

February 4, 2023
Many Things Make zkSync 2.0 Welcomed By the Community

Many Things Make zkSync 2.0 Welcomed By the Community

February 4, 2023
Genesis Global Bankruptcy Court Announcing 7 Members Committee To Represent Creditors

Genesis Global Bankruptcy Court Announcing 7 Members Committee To Represent Creditors

February 4, 2023
  • Live Prices
  • Binance
  • NFT
  • Solana
  • Metaverse
  • Polygon
  • Coinbase
  • Trending
  • LuxWorld
  • CryptoLinks

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected]

No Result
View All Result
  • Coincu
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • Metaverse News
    • NFTs News
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • DeFi
  • Reviews
    • Exchange Reviews
    • DeFi Reviews
    • GameFi Reviews
    • Others Reviews
  • Recommended
    • Best Presale Cryptocurrencies
    • Best Bitcoin Casinos
    • Best Bitcoin Gambling Sites
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Video
  • Live Prices

© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands. Email us: [email protected]

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In