BTC traded at nearly $64,900 during the late European morning, over 3.4% higher in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index, has risen about 2.9%. Latest announcements from the Chinese government regarding stimulus plans fell short of expectations, but the Shanghai Composite Index still closed the day over 2% higher.
Over $80 million in Worldcoin's WLD, $51 million in Arbitrum's ARB, and nearly $40 million each of Eigenlayer's EIGEN and Axis Infinity's AXS are set to be released in the next week. Solana's SOL will see $80 million worth unlocked as part of an ongoing"linear" plan, where tokens are emitted and absorbed by the market. The anticipation of investors or traders expecting recipients to sell their tokens can lead to a preemptive sell-off.
The bond will be used to expand Samara's diversified portfolio, which includes buying additional stakes in alternative investment funds and increasing its bitcoin holdings. Patrik Lowry, CEO of Samara, emphasized the importance of the bond, saying,"The proceeds will allow Samara to further expand and solidify its already robust balance sheet as we diversify into new emerging technologies through new fund investments.