);)
1. Trump Media Group Joins the Ranks of Largest Bit Coin Holding Public Companies in the US with 3 Trillion Won Funding
The Trump Media Group has completed funding of approximately 2.44 billion dollars (3.38 trillion won) and emerged as one of the largest Bit Coin holding public companies in the United States. This funding was achieved through a private offering targeting about 50 institutional investors, issuing 55,857,181 common shares at $25.72 per share to raise 1.44 billion dollars, and an additional 1 billion dollars through convertible bonds maturing in 2028. The company plans to use the approximately 2.32 billion dollars in net funds for Bit Coin purchases and operational expenses, which will be reflected on the balance sheet alongside approximately 759 million dollars in cash and short-term investments as of the first quarter of 2025. This decision is expected to be recorded as one of the largest Bit Coin holdings in public company history.
2. Microsoft Plans to File Bankruptcy for Russian Subsidiary
Microsoft's Russian subsidiary (Microsoft Rus LLC) is reportedly planning to file for bankruptcy. This was confirmed by documents published on Friday at the Russian Federal Resource Official Registration Center, following recent statements by Russian President Vladimir Putin emphasizing restrictions on foreign companies like Microsoft and Zoom operating in Russia and prioritizing domestic software solutions. Although Microsoft continued to provide core services in Russia after the Russia-Ukraine conflict, it had announced in June 2022 that it would significantly reduce its operational scale due to changing economic prospects and impacts on its Russian business.
3. North Korean Lazarus Group Fails in Exchange Hacking Attempt
BitMEX successfully blocked a hacking attempt by the North Korean hacker group Lazarus. The attack began with a project collaboration proposal on LinkedIn that attempted to trick an employee into executing a project code containing malicious code. The employee immediately recognized the risk and reported it, and the BitMEX security team discovered the malicious code "BeaverTail" and the hacker's IP address during the investigation. BitMEX added that it identified at least 10 additional accounts apparently used for malicious software testing and development.
4. Trump Emphasizes Importance of Tariff Policy and Points Out China's Trade Violations
Former US President Donald Trump emphasized the importance of tariff policy in a White House press interview, expressing satisfaction with a recent appellate court decision. He stated that China has violated key parts of the trade agreement and plans to discuss this with President Xi Jinping. According to Bloomberg, the Trump administration plans to expand technology sanctions against China, announcing a new plan to apply US government license requirements not only to existing sanctioned Chinese companies but also to their subsidiaries (with over 50% ownership).
Choi Joo-hoon joohoon@blockstreet.co.kr
