Publicly traded companies in Japan are steadily increasing their Bitcoin holdings each week. Metaplanet bought 42.47 Bitcoins worth approx 2.42 million USD, to take advantage of the current Bitcoin price drop. Coincidentally, the purchase of Bitcoin occurred earlier today, just as its price plummeted below $54,500. At the time of
Notable gold investor Peter Schiff has warned that hedge funds are preparing to sell their Bitcoin holdings and initiate short bets on MicroStrategy. This is a huge shift in opinion about the most popular crypto and the software company that is famous for having a lot of Bitcoin. Companies like
Bitcoin (BTC) has displayed significant fluctuations as the cryptocurrency community grapples with the implications of major market activities. The German government has been actively selling off substantial amounts of Bitcoin, adding considerable pressure to the market. According to the data from Arkham Intelligence, Over $195 million worth of Bitcoin sold
An additional 11,931 Bitcoins, valued at an average of over $65,883 per, were bought by Michael Saylor led MicroStrategy. In an effort to boost its Bitcoin holdings, MicroStrategy announced a week before that it would be selling $800 million in convertible notes. Interest on the notes will be paid semi-annually
The Michael Saylor-led MicroStrategy is re-increasing its wagers on the crypto industry in the hopes of expanding its Bitcoin holdings. The company just announced that it would be issuing convertible senior notes with a face value of $500 million. Importantly, MicroStrategy has said that it plans to purchase further Bitcoin
As of June 5, 2024, investment institutions collectively hold 879,191 BTC, underscoring robust confidence in Bitcoin amid significant movements in the ETF market. Adding on, U.S. spot Bitcoin exchange-traded funds (ETFs) have seen an unprecedented 18-day streak of positive net inflows, totaling $217.78 million. BlackRock’s IBIT ETF led the surge,
Ethereum (ETH) is currently experiencing upward momentum, trading at $3,912 with a notable 4.50% surge and a substantial 78% increase in trading volume. This recent bullish activity follows ETH’s achievement of a ten-week high at $3,949 three days ago. ETH is now consolidating near $3,850 and is poised for an
The U.S Securities and Exchange Commission’s (SEC) judgment on Ethereum ETFs is imminent, and professionals in the field are becoming more skeptical. Crypto analyst Michaël van de Poppe has voiced his skepticism on the May approval of Ethereum Spot ETFs, taking the lead in the discussion. Michael Saylor, CEO of
Robert Kiyosaki, author of the best-selling book “Rich Dad Poor Dad,” is well-known for his financial analysis. He recently offered his take on how to navigate the volatile crypto market. Speaking to his followers on X, Kiyosaki explored the special chances that come during market slumps. He encouraged his followers
Using Ordinal-based inscriptions to store and retrieve information, MicroStrategy—the biggest corporate holder of Bitcoin—will create a decentralized identification solution on the Bitcoin network. Similar to how actual people’s identities are not associated with Bitcoin addresses or transactions, decentralized identifiers (DIDs) will provide anonymity. Open-source and Not Reliant on Sidechains Moreover,
