Category: Bitcoin News

OCC is ‘preparing’ for listing of spot Bitcoin ETF options

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The U.S Options Clearing Corporation has announced that it is “preparing” for the listing of options on spot Bitcoin exchange-traded funds On Nov. 18, OCC posted an update acknowledging advisory from the Commodities Futures Trading Commission regarding approval of Bitcoin (BTC) ETF options. This follows the U.S. Securities and Exchange Commission’s approval of options on BlackRock’s iShares Bitcoin Trust on September 20, 2024, and another nod from the Commodities Futures Trading Commission. As crypto.news reported, the CFTC’s Division of Clearing and Risk provided guidance on clearing of options for spot…

Bitcoin on Exchanges Hits Lowest Level Since November 2018

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The decrease of bitcoin’s supply on exchanges could lead to higher price volatility, market maturity, and increased influence from institutional investors. Bitcoin Investors Are Not Selling Anytime Soon Bitcoin has seen a significant decline in its supply on cryptocurrency exchanges, reaching its lowest level since November 2018. This trend indicates that investors are increasingly opting […] Original

MARA Plans $700 Million Convertible Notes Offering to Fund Bitcoin Purchase

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MARA Holdings, Inc., a Nasdaq-listed bitcoin mining firm, has announced plans for a $700 million private offering of convertible senior notes due in 2030. MARA Holdings Proposes $700 Million Convertible Notes Offering MARA Holdings (Nasdaq: MARA) disclosed on Nov. 18 that the proposed offering is intended for qualified institutional buyers under Rule 144A of the […] Original

Microstrategy Buys 51,780 Bitcoin, Raising Holdings to 331,200 BTC as Saylor Prepares for $100K Party

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Microstrategy’s massive $4.6 billion bitcoin buy pushes its holdings to 331,200 BTC, fueling bold predictions of $100K soon and a bull case of $49 million. Microstrategy Secures 51,780 BTC, Pushing Bitcoin Treasury Beyond $16 Billion Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR) filed a report with the U.S. Securities and Exchange Commission (SEC) on Monday, […] Original

MicroStrategy added $4.6b in Bitcoin to holdings

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Software developer MicroStrategy has continued Michael Saylor’s aggressive Bitcoin buying strategy, increasing its holdings to over 331,200 BTC. According to disclosure documents, MicroStrategy’s latest Bitcoin (BTC) purchase amounted to $4.6 billion, doubling its previous acquisition disclosed last week. The company acquired 51,780 BTC at an average price of $88,627 per coin, as confirmed by executive chairman and founder Michael Saylor. MicroStrategy has acquired 51,780 BTC for ~$4.6 billion at ~$88,627 per #bitcoin and has achieved BTC Yield of 20.4% QTD and 41.8% YTD. As of 11/17/2024, we hodl 331,200 $BTC…

Polish minister advocates support for Bitcoin strategic reserve

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Polish minister and presidential candidate Sławomir Mentzen has promised to create a Bitcoin reserve and make Poland more crypto-friendly if elected in 2025. According to a Nov. 17 X post, Mentzen doubled down on his previous remarks made in response to a proposal from Lech Wilczynski, CEO of Swap.ly, about adopting the crypto advocacy group Satoshi Action Fund’s Strategic Bitcoin Reserve model. Wilczynski suggested that The Satoshi Action Fund’s open-source model could serve as a framework for Poland to establish a national Bitcoin reserve, emphasizing that “there is no point…

Crypto mining giant Marathon plans $700m convertible note to buy Bitcoin

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Marathon Digital announces a $700 million private convertible note offering to fund debt repayment, Bitcoin purchases, and corporate needs. Bitcoin (BTC) mining company Marathon Digital said it plans to sell $700 million of convertible notes in a private placement to fund purchases of BTC and general corporate purposes. In a press release on Monday, Nov. 18, the Florida-headquartered company said the notes will bear interest payable semi-annually and mature on March. 1, 2030. Holders will have the option to convert the notes into cash, shares of Marathon stock, or a…

Bitcoin mining profits in Russia to face new 15% tax rules, officials say

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The Russian government has greenlit draft amendments to a bill aimed at taxing crypto mining and transactions. Russia is moving forward with a draft amendment to its Bitcoin (BTC) mining legislation, introducing new tax rules for crypto mining, transactions, and related infrastructure. According to an Interfax report, the amendments, announced by the Ministry of Finance, establish new guidelines for taxing income and expenses in the crypto mining sector, along with outlining the tax obligations for operators of mining infrastructure. Under the changes, cryptocurrencies are defined as property for tax purposes.…