Wed, December 11

Bitcoin Miner MARA Joins Bitcoin Buying Frenzy with $1.1B Acquisition

Bringing its total Bitcoin holdings to 40,435 BTC, Bitcoin miner MARA has announced the acquisition of 11,774 BTC for $1.1 billion. Just one day after MicroStrategy, the public firm with the biggest Bitcoin holding, disclosed another acquisition, the Bitcoin miner—the second-largest public corporation in terms of Bitcoin holdings—made an announcement.

24 hours ago 2 mins read

CZ comments “Probably Nothing” on Russia Bitcoin Reserve Proposal

Changpeng Zhao (CZ), the CEO of Binance with his recent comment on Russia’s Bitcoin reserve proposal. When Russia suggested using Bitcoin as part of its national reserves to navigate geopolitical challenges. CZ posted a response saying “probably nothing” with two laughing emojis. This comment raised questions, especially since CZ has

1 day ago 2 mins read

BlackRock Bitcoin ETF Defies Market Dip, Secures $358M in Net Inflows

Despite the wild swings in the cryptocurrency market, the BlackRock Bitcoin ETF (IBIT) managed to attract $358 million in new investors on Monday. Even though the price of Bitcoin dropped below $94,000 yesterday, IBIT’s dominating inflows persisted. Bitcoin fell more than 5% after rejection at $100,000 levels, causing altcoins to

December 10, 2024 1 min read

Major Boost for Bitcoin as Vancouver Mayor Explores Adoption

In light of Bitcoin’s capacity to provide financial stability in the face of unstable fiat markets, Mayor Ken Sim of Vancouver, Canada, is encouraging the city council to investigate its incorporation into municipal financial policies. “Preserving of the City’s Purchasing Power Through Diversification of Financial Reserves – Becoming A Bitcoin

December 10, 2024 2 mins read

India Bitcoin Reserve Adopted By Jetking Regardless of 30% Taxes

Jetking Infotrain, a 77-year-old Indian IT training company. Which has become the first publicly listed Indian business to adopt Bitcoin as part of its corporate treasury strategy. Jetking Infotrain, originally founded in 1947 as Jetking Electronics and listed on the Bombay Stock Exchange in 1986. Which has taken a bold

December 10, 2024 2 mins read

Bhutan Transfers $40 Million in Bitcoin

The Royal Government of Bhutan has recently transferred 406.074 Bitcoin, valued at approximately $40 million, to cryptocurrency investment firm QCP Capital. This significant transaction, first identified by Onchain Lens, has sparked speculation that the funds may soon be sold. Bhutan’s Cryptocurrency Powerhouse Bhutan’s sovereign holding company, Druk Holdings, remains a

December 9, 2024 2 mins read

Riot Platforms Announces $500M Fundraising to Accelerate BTC Acquisition

Riot Platforms, a Bitcoin miner, has stated that it would be raising $500 million to speed up its Bitcoin acquisition strategy. Convertible senior notes maturing in 2030 worth $500 million were proposed for private sale to eligible institutional investors by the company on Monday. Specifically, the aforementioned digital asset is

December 9, 2024 1 min read

MicroStrategy Boosts Bitcoin Holdings With Latest $2.1B Acquisition

For the sixth week running, starting in early November, MicroStrategy has increased its Bitcoin purchases. The software firm raised its total Bitcoin holdings to 423,650 after announcing the acquisition of 21,550 BTC for $2.1 billion. Having achieved a BTC yield of 43.2% QTD and 68.7% YTD, MicroStrategy said in a

December 9, 2024 1 min read

El Salvador May Amend Bitcoin Policy Amid $1.3B IMF Loan Talks

Under pressure from the International Monetary Fund (IMF), El Salvador, the world’s first government to adopt Bitcoin as legal cash, is allegedly reducing its BTC aspirations. According to the Financial Times, which cited sources familiar with the situation, El Salvador is reportedly planning to amend its Bitcoin policy in exchange

December 9, 2024 2 mins read

The World Is Under-Allocated to Bitcoin, says Steve Witkoff

The Bitcoin MENA (Middle East and North Africa) conference in Abu Dhabi. Has recently got attention for its cutting-edge discussions on cryptocurrency especially Bitcoin and for the influential personalities. From prominent crypto figures like Binance’s CZ to Elon Musk were expected to attend and key members of Donald Trump’s inner

December 9, 2024 2 mins read