On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Exodus’ claimed record share sale is set to be shattered by Coinbase later today.
Crypto wallet provider Exodus has raised more than $59 million in just five days as investors flocked to participate in the public offering.
Exodus Movement, Inc., a firm based in Delaware, began selling stock on April 8 in a sale that was approved by the U.S. Securities and Exchange Commission (SEC). The shares were listed for $27.42 apiece with a maximum investment of 2,733,229 shares.
According to an April 12 report, the offering will close once the maximum offering amount of $75 million has been reached. The crypto wallet company is already 80% towards reaching that target with participation from over 4,000 investors.
The firm noted that the majority of the investment has come from retail traders or non-accredited investors with just 8% of the total coming from accredited investors.
The Regulation A sale allowed the firm to reach beyond deep-pocketed investors and offer participation to those often left out of securities sales. However, the sale was only available to U.S.-based investors excluding the states of Arizona, Texas, and Florida.
Exodus accepted payments in crypto only using Bitcoin, Ethereum, or USDC instead of accepting fiat.
Exodus is currently exploring partnerships with alternative trading systems (ATS) that could potentially expand the availability of the shares. The firm intends to make the Class A common stock available for trading on several platforms including tZERO within nine months of this offering, the report added.
tZERO is a SEC-compliant security token trading platform and a subsidiary of Medici Ventures, which itself is a subsidiary of online retailer Overstock.
The multi-asset software wallet provider claims to have completed the largest regulated crypto offering to date, however, that accolade isn’t likely to last the day.
Coinbase is due to list its stock on the Nasdaq stock exchange just hours from now, which will no doubt be the largest crypto offering ever. Valuations for the company once it goes public have been between $60 billion and $140 billion, and sentiment has been overwhelmingly positive from both the crypto and traditional financial markets.
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