February 19, 2013 9:08 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Capital One Financial Corporation(NYSE: COF) today announced that it has reached an agreement to sell theportfolio of Best Buy private label and co-branded credit card accounts, withcurrent loan balances of approximately $7 billion, to Citi. In addition,Capital One and Best Buy have agreed to end their contractual credit cardrelationship early.The sale of the loans to Citi, which is subject to customary closingconditions, and early termination of the Best Buy partnership are expected tobe finalized in the third quarter of 2013. Upon closing, Capital One expectsthat the proceeds from the sale will approximate the book value of theaccounts, resulting in no significant gain or loss on the transaction. "We have a proven, scale partnerships infrastructure and a great portfolio ofpartners," said Capital One's Bill Cilluffo, EVP, Card Partnerships. "Ourpartnerships business continues to deliver strong contributions to our resultsand serves as a platform for future growth potential."
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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