Microstrategy announced a $42 billion plan to accelerate bitcoin purchases, aiming to strengthen its reserves and position itself as a leader in digital asset investment. Aiming High: Microstrategy’s $42 Billion Vision for Unmatched Bitcoin Reserves Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR) announced its Q3 2024 results on Wednesday, detailing a $42 billion capital-raising initiative […] Original
BOB, short for “Build on Bitcoin,” is now part of the Superchain ecosystem, a network expanding with Optimism’s OP Stack. As a hybrid layer-two (L2) solution, BOB taps into the strengths of both Bitcoin and Ethereum, merging Bitcoin’s security with Ethereum’s adaptable framework. This blend overcomes Bitcoin’s limitations in smart contracts and interoperability, creating a […] Original
New data reveals that spot bitcoin exchange-traded funds (ETFs) have collectively surpassed the impressive milestone of holding over 1 million BTC. How 12 U.S. Bitcoin ETFs Quickly Acquired 1 Million BTC In just 293 days, the 12 U.S. spot bitcoin ETFs have accumulated more than 1 million BTC, totaling nearly $71 billion. Since Jan. 11, […] Original
Former President Donald Trump recently took to X (previously Twitter) to share his thoughts on bitcoin and mark the anniversary of the Bitcoin white paper. “I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi’s White Paper,” Trump said on the social media site. “We will end Kamala’s war on crypto, […] Original
Based on Wednesday’s data, spot bitcoin exchange-traded funds (ETFs) attracted inflows totaling $893.21 million, with Blackrock taking a notable lead. Blackrock’s Bitcoin ETF Hits Big Numbers Crypto ETFs continue to draw investor attention as both spot bitcoin and ether funds posted gains. The bitcoin ETFs nearly reached $1 billion, securing $893.21 million, led by Blackrock’s […] Original
Michael Saylor’s software giant, MicroStrategy, plans to finance its continued Bitcoin acquisition strategy through new stock sales and capital raises. MicroStrategy intends to buy $42 billion worth of Bitcoin (BTC) by 2027, the firm’s CEO Phong Le revealed revealed during its Oct. 30 earnings call. The firm noted plans to issue more securities to support cash flow from its software business and “scale up our Bitcoin capital markets initiatives.” Le referred to the plan as “21/21,” as MicroStrategy aims to raise $21 billion from debt and $21 billion from equity…
Crypto-linked stocks such as MicroStrategy, Coinbase, Robinhood and bitcoin miners MARA, RIOT also suffered sizable declines. Original
16 years ago, Satoshi released the Bitcoin white paper into the world, seeking to revolutionize finance by eliminating the custodians and middlemen associated with money. Today, his proposal is as valid as ever, even with bitcoin’s rise in popularity. Bitcoin Turns 16 Amidst a Surge in Adoption and Popularity 16 years ago, Satoshi Nakamoto, the […] Original
Bitcoin appears to be taking a breather as October draws to a close, trading around $72,500 during the late European morning, about 0.3% higher in the last 24 hours. The broader digital asset market has fallen nearly 0.9%, as measured by the CoinDesk 20 Index, with ETH and SOL lower by 1.15% and 0.3%, respectively. Bitcoin has gained over 6% in the last week, so the temporarily muted price action may point toward profit-taking. Nevertheless, spot bitcoin ETFs registered $893 million of inflows on Wednesday, a second consecutive day of…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. VanEck teams up with Kiln to boost Solana staking, while analysts predict Bitcoin Cash reaching $800 and Intel Markets hitting $1 by 2025. VanEck has partnered with Kiln to expand its Solana (SOL) staking strategy as more institutions embrace digital currencies. Meanwhile, analysts have given bullish price forecasts for these altcoins: Bitcoin Cash (BCH) and Intel Markets (INTL). They forecast the value of Bitcoin Cash could rally to $800…