MARA Holdings has purchased 15,574 bitcoin worth $1.53 billion at approximately $98,529 per bitcoin using the proceeds from its zero-coupon convertible notes offerings. In November and December, the zero-coupon convertible notes generated $1.925 billion for MARA along with the repurchase of approximately $263 million in principal amount of its current convertible notes due in 2026. […] Original
Hut 8, a Bitcoin mining company, has added 990 Bitcoin to its reserves, spending $100 million to increase its total holdings to 10,096 BTC. The reserve, now valued at over $1 billion, places Hut 8 among the largest corporate Bitcoin (BTC) holders globally. The company purchased the coins at an average price of $101,710, significantly higher than its cumulative acquisition cost of $24,484 per Bitcoin. Hut 8 credits its historically lower average cost to efficient mining operations and strategic acquisitions, as outlined in its press release. This move follows examples…
Este artículo también está disponible en español. Bitcoin faced a sharp retrace yesterday, dropping 8% from its all-time high of $108,300 after the Federal Reserve announced a 25 basis point rate cut alongside a revised policy signaling fewer cuts in 2025. Despite the drop, Bitcoin managed to hold above $98,000, a critical liquidity level that analysts are closely monitoring. Related Reading This recent price action raises a pivotal question: is this the start of a more significant correction or merely a shakeout to fuel the next leg of Bitcoin’s rally?…
Over the past hour, bitcoin’s price holds tight at prices between $101,696 to $102,057 on Dec. 19, 2024, with a market cap of $2.01 trillion. It danced between $98,839.87 and $104,967 during the day, backed by a lively $104 billion in trades over 24 hours. Bitcoin On the daily chart, bitcoin rocketed from around $87,000 […] Original
World Liberty Financial, supported by the family of US President-elect Donald Trump, has exchanged $10 million in Coinbase’s wrapped bitcoin, or cbBTC, for Wrapped Bitcoin. World Liberty Financial has been making moves on-chain, having purchased millions of dollars worth of the cryptocurrency involved in its partnerships or integrations, including Aave (AAVE), Ethena (ENA), and Chainlink (LINK) tokens, all within the last week. Trading volumes with the platform have remained strong despite not publicly stating the swap tokens it replaced. The token swap from World Liberty Financial has given some insight…
New figures reveal that three in 10 UK adults (29%) don’t know how to wipe their personal information from an old device or tech product. With the festive period looming, over a quarter (27%) of UK adults are planning to treat themselves to a new device this Christmas. However, our latest poll found that the average Brit has three unused devices sitting at home. Three-quarters (75%) of people have held onto at least one old device, with a fifth (20%) having done so because they are worried about their personal…
Hut 8’s strategic bitcoin reserve of over 10,000 BTC has been achieved through low-cost production and strategic at-market purchase. 990 Bitcoin Purchase Pushes Hut 8’s Holdings Past $1 Billion Net Worth Hut 8, one of North America’s largest bitcoin miners has announced the purchase of 990 BTC at an average cost of $101,710 per bitcoin. […] Original
Este artículo también está disponible en español. The broader crypto market experienced a pronounced downturn following yesterday’s Federal Open Market Committee (FOMC) meeting, held on December 18. After the US Federal Reserve delivered a 25-basis-point rate cut as anticipated, it also signaled fewer cuts in 2025 than previously expected. In response, the Bitcoin price fell by more than 5%, dropping below the $100,000 mark before showing slight signs of recovery. Altcoins saw across-the-board double-digit percentage declines. The Federal Reserve’s decision—while meeting expectations for a 25-basis-point reduction—came with a notable shift…
Michael Saylor, co-founder and executive chairman of Microstrategy, has discussed the opportunity for the U.S. to make the dollar ubiquitous by building a regulatory framework that allows U.S. banks to issue their treasury-backed stablecoins. Michael Saylor Discusses US Banks’ Upcoming Digital Dollar Adoption Michael Saylor, bitcoin visionary, co-founder, and executive chairman of Microstrategy, the first […] Source CryptoX Portal
After the Fed cut the interest rate by 0.25%, the crypto market’s liquidation of more than $239 million in mere minutes. Bitcoin dipped briefly below $100k with other major tokens following suit. On Dec. 19, the Federal Reserve reduced its key interest rate by 25 basis points and warned of cuts in the following years. The Fed hinted that it would probably lower only twice more in the new year ahead. Fed Chair Jerome Powell explained that since the U.S. government’s stance has become less restrictive, then the agency can…