Microstrategy has finalized a $3 billion convertible note offering, further bolstering its position as a leading bitcoin (BTC) holder with 331,200 BTC now valued at $32.519 billion. Microstrategy Finalizes Convertible Notes Sale Worth $3 Billion Microstrategy Incorporated (Nasdaq: MSTR), known for its significant bitcoin (BTC) investments, has completed a $3 billion offering of convertible senior […] Original
According to Reuters, President-elect Donald Trump’s incoming crypto advisory council is reportedly considering establishing a strategic bitcoin reserve. This idea sparked a response from economist and gold bug Peter Schiff, who shared his perspective on the concept of a BTC reserve. Trump’s Transition Reportedly Eyes Bitcoin Reserve, Schiff Fires Back at Fiscal Misstep On Thursday, […] Original
MicroStrategy Falls 16% Despite New Bitcoin Record as Some Question Valuation Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin nears $100K, rising 4.86% in 24 hours, as investors eye regulatory optimism under President-elect Donald Trump. Bitcoin’s march toward $100K gained ground on Thursday as investors bet on a friendlier regulatory environment once President-elect Donald Trump takes office. At press time, BTC is trading at $97.2K, having risen by 4.86% in the past 24 hours. The market-leading crypto asset also trades at a 7.88% weekly and 43.77% monthly…
As bitcoin prepares to vault to $100,000, I can’t help but wonder if cryptocurrency – not artificial intelligence – is the mother of all financial market manias. Despite its increasingly widespread adoption as an investment vehicle, the flagship crypto has yet to make its intended mark as an alternative currency. While the market capitalization of bitcoin is approaching a staggering $2 trillion, the St. Louis Federal Reserve estimates that there are about $2.4 trillion in U.S. dollars in circulation globally. The U.S. dollar remains the world’s reserve currency, broadly used…
Core Scientific is converting its cryptocurrency mining campus in Denton, Texas, into a $6.1 billion data center hub for artificial intelligence (AI) workloads, signaling a shift in its business strategy amid increasing demand for AI-driven computing. Core Scientific’s Denton Campus to Host $6.1 Billion AI Project Core Scientific’s (Nasdaq: CORZ) revised lease agreements and power […] Original
With bitcoin (BTC) continuing to post record highs and now nearing the $100,000 level, profit-taking is on the rise — $4 billion of realized profit in each of the last two days, according to Glassnode — but for every seller, there’s a buyer, so a closer look at the data might be warranted. Original
On Thursday, bitcoin (BTC) hit $98,367 per coin before sliding to $96,524. That same day, a dormant whale from 2016 stirred after eight years, spending a hefty 500 BTC, now valued at $48.26 million. Long-Term Holders Come out of the Woodwork Long-term holders (LTHs) are stepping into the spotlight as bitcoin’s price ascends. Glassnode’s latest […] Original
2024 has been a year of significant progress for the crypto industry, as bitcoin adoption has reached new heights and regulatory clarity has emerged. In this wrap-up, we will take a closer look at the key events and trends that have shaped the crypto space. Original
On Thursday, Nov. 21, ethereum (ETH) took the lead, climbing over 7% while bitcoin managed a 3% increase. Ether Dominance Shrinks, But Today It Steals the Spotlight from Bitcoin This year has been a rocky road for ethereum (ETH), but on Thursday, the digital asset reached an intraday peak of $3,362 per ether. As of […] Original