Markets

‘The trade of a lifetime’: Silver Lake and Mudrick have reaped huge gains from their AMC investments as Reddit traders send the stock soaring

Silver Lake Group made “the trade of a lifetime” on AMC Entertainment, according to one hedge fund manager. Another firm, Mudrick Capital, made a similarly successful wager earlier this month. The two firms were able to convert distressed debt into equity in AMC after Wednesday’s share-price jump. “The market did […]
‘The trade of a lifetime’: Silver Lake and Mudrick have reaped huge gains from their AMC investments as Reddit traders send the stock soaring
Markets

MicroStrategy plans to raise $400 million to buy more bitcoin

MicroStrategy said on Tuesday it plans to offer $US400 million worth of convertible bonds to raise funds to purchase more bitcoin. Proceeds from the private offering will be invested in the cryptocurrency “pending the identification of working capital needs,” the company said. As of December 4, MicroStrategy holds a total […]
MicroStrategy plans to raise $400 million to buy more bitcoin