• About
  • Coincu
  • Hot topics
  • Random
  • Exchange
  • Dotscan
Saturday, July 2, 2022
CoinCu News
No Result
View All Result
  • Login
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • Defi
    • GameFi
    • NFTs
    • Metaverse
    • Web 3
  • Crypto Recap
  • Video
  • IDO Events
    • Airdrop
  • Scam Alert
  • Live Prices
  • PR
    • Press Releases
    • Sponsored Articles
    • Advertise
  • Home
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
  • Market
    • Analysis
  • Knowledge
    • Crypto 101
    • Defi
    • GameFi
    • NFTs
    • Metaverse
    • Web 3
  • Crypto Recap
  • Video
  • IDO Events
    • Airdrop
  • Scam Alert
  • 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

Harmony Raises The Prize 10 Times To Reclaim Stolen Tokens

Crypto Hacks Are Declining In Numbers But Increasing In Damage

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

Microstrategy’s Wallet Address Has Added 3,241 BTC in Just One Day!

As Bitcoin falls below $46K, Terra Has Just Added Another 5,000 BTC

The Decline of Bitcoin Price Cannot Stop the Consistant Growth of Bitcoin Addresses with Non-Zero Balance. Now It’s Over 40 Million Addresses!

Tags: # Cryptocurrencies#Bitcoinangel studiosbalance sheetBTCcryptostreaming platform
Previous Post

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

Next Post

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

Other Posts

The Last Quarter Of Bitcoin Was The Worst In Almost A Decade
Bitcoin

The Last Quarter Of Bitcoin Was The Worst In Almost A Decade

July 2, 2022
Retail Investors “Buy Dip” Bitcoin
Bitcoin

Retail Investors “Buy Dip” Bitcoin

July 1, 2022
Bitcoin Just Experienced Its Worst Quarter Of The Decade
Bitcoin

Bitcoin Just Experienced Its Worst Quarter Of The Decade

July 1, 2022
According To On-Chain Data, Bitcoin’s Next Support Level Is Still $16,000
Bitcoin

According To On-Chain Data, Bitcoin’s Next Support Level Is Still $16,000

June 30, 2022
The Author Of "Rich Dad Poor Dad" Is Waiting For Bitcoin To Return To $1,100
Bitcoin

The Author Of “Rich Dad Poor Dad” Is Waiting For Bitcoin To Return To $1,100

June 30, 2022
In The First Half Of 2022, Almost 70% Of Bitcoin Millionaires Were Gone
Bitcoin

In The First Half Of 2022, Almost 70% Of Bitcoin Millionaires Were Gone

June 29, 2022
Next Post
metaderby

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

  • CoinFLEX Exchange Cancels The Plan To Open Withdrawals For Users

    CoinFLEX Exchange Cancels The Plan To Open Withdrawals For Users

    107 shares
    Share 43 Tweet 27
  • A Closer Look at the Utility of BNB. The King of Utility

    120 shares
    Share 48 Tweet 30
  • Trading For Beginners 101- The Most Powerful Candlestick Patterns Use In Crypto (P2)

    99 shares
    Share 40 Tweet 25
  • Ethereum Weekly Recap | Mar 23rd – 29th, 2022

    107 shares
    Share 43 Tweet 27
  • Ethereum Weekly Recap | May 30th- June 5th, 2022 

    105 shares
    Share 42 Tweet 26
Harmony Raises The Prize 10 Times To Reclaim Stolen Tokens

Harmony Raises The Prize 10 Times To Reclaim Stolen Tokens

July 2, 2022
Crypto Hacks Are Declining In Numbers But Increasing In Damage

Crypto Hacks Are Declining In Numbers But Increasing In Damage

July 2, 2022
Meta Has Decided To Shutter Crypto Wallet Application Novi

Meta Has Decided To Shutter Crypto Wallet Application Novi

July 2, 2022
Ignite Cuts 50% Of Staff Along With The Resignation Of The CEO

Ignite Cuts 50% Of Staff Along With The Resignation Of The CEO

July 2, 2022
The Last Quarter Of Bitcoin Was The Worst In Almost A Decade

The Last Quarter Of Bitcoin Was The Worst In Almost A Decade

July 2, 2022
Voyager Digital Suspends Trading, Sediments, And Withdrawals

Voyager Digital Suspends Trading, Sediments, And Withdrawals

July 2, 2022
What Is Crypto Custody?

What Is Crypto Custody?

July 2, 2022
Binance CEO Claims That In Recent Crypto Deals, It Had First Choice Over FTX

Binance CEO Claims That In Recent Crypto Deals, It Had First Choice Over FTX

July 2, 2022
BlockFi Admits To Borrowing $400 Million From FTX

BlockFi Admits To Borrowing $400 Million From FTX

July 2, 2022
XRP Ledger Witnesses 2-Year High Network Activity

XRP Ledger Witnesses 2-Year High Network Activity

July 2, 2022
  • Live Prices
  • Binance
  • NFT
  • Solana
  • Polkadot
  • Metaverse
  • Polygon
  • Coinbase
  • Trending
  • Top Coin
  • Vi
  • DFH

© 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
    • GameFi
    • NFT
    • Web 3
  • Crypto Recap
  • Video
  • IDO Events
    • Airdrop
  • Scam Alert
  • Live Prices
  • PR
    • Press Releases
    • Advertise
  • Dotscan

© 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