One of many crypto house’s best-known information suppliers expanded its scope this week with an acquisition within the Solana house. This marks one of many first notable offers of what might be a momentous 12 months for the business.

Etherscan’s acquisition of Solscan was characterised as a “collaborative merging” in a Jan. 3 announcement. It feels like a little bit of an acqui-hire — that’s, an acquisition of each crew and know-how — and an early information play for 2024.

“The Solscan crew has confirmed their experience through the years by providing detailed insights and analytics,” Matthew Tan, CEO of Etherscan, stated in an announcement. “Their experience in making blockchain information accessible and user-friendly additionally aligns completely with our mission at Etherscan.”

As Blockworks’ Macauley Peterson famous in his protection, the deal additionally represents a notable instance of business consolidation. Etherscan, he wrote, “is taken into account the flagship block explorer for Ethereum, widely known and extensively utilized by the neighborhood as a result of its complete characteristic set.”

Phrases of the deal weren’t disclosed within the announcement. 

Learn extra: Etherscan will now not run Ava Labs’ block explorer

Saylor set to dump MSTR shares

In the meantime, one among bitcoin’s best-known bulls is making ready to undertake a serious share sale. 

And earlier than you ask, sure — a few of these proceeds will then be directed to purchase extra bitcoin.

MicroStrategy founder Michael Saylor intends to promote 315,000 shares, a determine value about $216 million on the time of the announcement. 

In an announcement, Saylor stated that “[f]or nearly a decade now at my request, the corporate has solely paid me a $1 wage and I’ve chosen to not be eligible for any money bonuses.”

The gross sales will allow Saylor to “handle some monetary obligations in addition to to accumulate extra bitcoin for my private account,” he continued.

Saylor and his publicly traded agency have garnered vital consideration and notoriety for an ultra-long bitcoin funding technique. As of the tip of 2023, MicroStrategy and its entities maintain practically 190,000 BTC — value greater than $8 billion at present costs.

As Blockworks’ David Canellis famous this week, nonetheless, MicroStrategy isn’t the largest bitcoin holder on the market. 

That honor is reserved by none apart from the US authorities, which, via the course of prison asset seizures, has assembled a bitcoin hoard of round 197,000 BTC.

Learn extra: Comfortable New Yr: US authorities now holds greater than $8B in bitcoin

Different notable fundraises

  • Binance Labs, the trade’s enterprise arm, has invested within the token of a meme-centric crypto startup, Memeland.
  • Cathie Wooden’s Ark Make investments has bought roughly $30 million in Coinbase shares this week in gross sales that came about Wednesday and Friday, in keeping with CoinDesk.

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