Category: Bitcoin News

Marathon upsizes convertible note offering to $850m to buy more Bitcoin

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Crypto mining company Marathon has upsized its convertible note offering by $150 million to buy even more Bitcoin. Bitcoin (BTC) mining company Marathon Digital Holdings has upsized its convertible debt offering to $850 million from $700 million to buy more Bitcoin. In a press release on Tuesday, Nov. 19, the Bitcoin miner said the 0.00% notes, set to mature on March 1, 2030, will be sold in a private offering to qualified institutional buyers. The offering is expected to close on Nov. 20, pending customary conditions. Holders of the notes…

Satoshi Action Fund Open-Sources Strategic Bitcoin Reserve Model, Hints at Executive Order Implementation

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Dennis Porter, CEO and co-founder of the Satoshi Action Fund, recently announced the open-sourcing of a document for enacting Strategic Bitcoin Reserve laws internationally. He stated that several lawmakers are using the legislative model and that a related executive order to implement it could be on its way. Satoshi Action Fund CEO Releases Strategic Bitcoin […] Original

Whale buying spree pushed Bitcoin to $92k; can it reach $100k before December?

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The latest wave of whale accumulation helped Bitcoin get close to its all-time high, surpassing $92,000. Large Bitcoin (BTC) addresses recorded a net inflow of 21,470 BTC on Monday, Nov. 18, according to data from IntoTheBlock.  The amount of whale transactions, worth at least $100,000 in BTC, also doubled to $78.37 billion in almost 23,000 unique transactions on the same day, ITB data shows. Bitcoin registered a total of over $228 billion in whale transactions over the last seven days. One of the largest Bitcoin holders purchased the asset on…

Bitcoin ETFs resume with $254.82m, ETH funds lag

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Spot Bitcoin and Ethereum exchange-traded funds in the United States have started the week moving in different directions as the broader cryptocurrency market faces consolidation. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $254.82 million in net inflows on Nov. 18, breaking out of a two-day streak of outflows that saw $770.77 million leave the funds. BlackRock’s IBIT led the group with $89.33 million in inflows, following a quiet day with no activity. Notably, the investment manager’s IBIT fund, which holds $43.12 billion in net assets, has…

Donald Trump’s focus on Bitcoin could threaten gold’s future

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Gold has been under pressure while Bitcoin has thrived since the US presidential election as the industry expects a strong shift to crypto assets. The leading investment asset, also used as the primary inflation hedge, plunged to a one-month low of $2,543 on Nov. 14, less than a day after the US Consumer Price Index report surfaced — the U.S. inflation rate came at the expected 2.6% in October. Gold price | Source: Trading View Despite its recent surge to $2,623, gold is still down by 2.6% over the last…

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

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Chicago-based Cosmos Health, a publicly traded, vertically integrated global healthcare company, is diving into the crypto space by incorporating digital assets into its treasury reserves. A Publicly Traded Healthcare Firm’s Bold Plan to Add Bitcoin to Its Treasury On Monday, the company announced through a series of press releases issued online that it would follow […] Original

Bitcoin projected to $200k by 2025: Bernstein Research

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Bitcoin, the oldest and largest cryptocurrency in the world, is projected to achieve $200.000 by the end of next year. These projections, released by Bernstein Research, increase from the $150.000 price target last year. Bernstein Research, an investment and research firm, published a Bitcoin price projection of up to $200.000 by 2025. There are a few factors including the U.S. election, institutional demand and adoptions, as well as potential regulatory changes that would bring the Bitcoin price surged into these new targets. Donald Trump who wins the presidential race on…

Analysts’ Bitcoin $200K Target Fuels Bullish Fire, Bears Brace for Impact

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Bitcoin’s projected surge to $200,000 gains momentum as analysts cite pro-crypto policies, sovereign-led demand, and growing institutional adoption reshaping the market’s future. As Analysts Reaffirm $200K, the Pressure Mounts on Bitcoin Bears Leading research and brokerage firm Bernstein reiterated in a client note Monday that bitcoin could reach $200,000 by 2025, maintaining its earlier prediction. […] Original

Michael Saylor’s Poll: Most Believe Bitcoin Will Hit $100K by New Year

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Michael Saylor’s poll ignites excitement as 85.6% of voters predict bitcoin smashing $100K by year’s end, fueled by record highs and massive Microstrategy buys. Bitcoin $100K Target Backed by Majority in Michael Saylor’s Poll Microstrategy (Nasdaq: MSTR) Executive Chairman Michael Saylor sparked debate over Bitcoin’s future with a poll on the social media platform X. […] Original