Stablecoin giant Tether has once again made headlines with a bold move to support Bitcoin adoption. On May 9, Tether purchased 4,812.2 Bitcoin worth approximately $458.7 million for Bitcoin investment firm Twenty One Capital, a strategic move ahead of the company’s planned SPAC merger with Cantor Equity Partners. The Bitcoins
GD Culture Group, a Nasdaq-listed company best known for its work in AI and livestream e-commerce, has stunned markets by announcing plans to pour up to $300 million into Bitcoin and the TRUMP memecoin. The money will come through a stock sale deal with an unnamed investor based in the
Strategy, formerly MicroStrategy, has acquired another 13,390 BTC for approximately $1.34 billion between May 5 and May 11. The company paid an average of $99,856 per bitcoin, according to a U.S. SEC filing on Monday. With this purchase, Strategy’s total Bitcoin holdings now stand at 568,840 BTC. These holdings are
The crypto market has noted a significant recovery this month, having Bitcoin hitting the $100,000 mark once again and Ethereum rising over 40% week-over-week. This week, around 30 projects are all set to unlock a total of $774 million worth of tokens. The move will result in the test of
Bitcoin had reportedly surpassed stocks and showed an uptrend at the time of the sell-off on stock markets last month, after the US President, Donald Trump, announced tariffs on Liberation Day. From a fall of $75,000 reported on April 7, the largest cryptocurrency rebounded to $95,000, a 27% surge by
A major Bitcoin whale has accumulated 1,721 BTC in just 48 hours, totaling approximately $179 million. This activity includes a recent acquisition of 821 BTC worth $85.42 million. The aggressive buying comes at a time when Bitcoin continues to trade above critical support levels. Fresh Accumulation Activity Surfaces According to
Simon Gerovich’s Metaplanet has once again added Bitcoins to its treasury. The firm purchased 1,241 Bitcoins for 14.8 million yen ($101,843) per coin, adding another $129 million to its treasury. After this holding, the company holds more Bitcoin than the crypto-friendly country, El Salvador. The news was broken by the
Bitcoin (BTC) briefly reclaimed the $104,000 threshold today, posting a modest 1.00% intraday rise. At the time of writing, BTC trades at $104,200.09, securing a market capitalization of $2.06 trillion. This reflects a 0.73% increase in tandem with a strong surge in trading volume, now totaling $47.02 billion, up by
The data from Farside Investors revealed that Bitcoin ETF net flows are estimated at $321.4 million on May 9. Some prominent Bitcoin ETFs, such as IBIT and FBTC, noted flows of $356.2 million and $45 million, respectively. On the other hand, GBTC and BIBT noted outflows of $65.2 million and
The founder of Strategy, Michael Saylor, on May 9 revealed that he believes that Bitcoin has not hit the $150,000 mark yet, as holders without a long-term perspective have been selling off. At the same time, there are many investors who are looking to enter the market. He further added
