Tag: 1.1B

Galaxy moves another $1.1B to Exchanges

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A long-dormant Bitcoin whale from the Satoshi era has transferred more than $1.1 billion worth of Bitcoin to centralized exchanges in recent hours, raising concerns of a possible market correction during a typically low-liquidity weekend. After holding their stash since 2011, the Satoshi-era whale, or large cryptocurrency investor, first transferred 40,000 Bitcoin (BTC) worth over $4.6 billion on July 15, followed by a second transaction of 40,000 BTC on July 18 to Galaxy Digital, Cointelegraph previously reported. According to blockchain intelligence platform Lookonchain, Galaxy Digital has since moved more than…

BioSig, Streamex Secure $1.1B to Help Bring Commodities On-Chain

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BioSig and Streamex have secured $1.1 billion in growth financing to support their pivot into onchain commodities, starting with gold. The companies, which signed a letter of intent to merge on May 5, say the funding will help establish a gold-backed treasury business focused on tokenized financial instruments. Of the total funding, $100 million comes in the form of convertible debentures, while the remaining $1 billion is an equity line of credit. BioSig’s share price has fallen 27.4% on the news on Tuesday, though it is still up 541% in…

Vanadi Coffee stock surges 242% in a month, shareholders approve plan to establish $1.1b Bitcoin treasury

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Struggling Spanish cafe Vanadi Coffee stock skyrocketed more than triple its initial value after shareholders of the firm approved a plan to invest up to 1 billion euros into its Bitcoin treasury. According to a translated press release, on June 29, shareholders of Vanadi Coffee approved the company’s change in strategy to acquire more Bitcoin (BTC) on its balance sheet. The publicly-listed chain that currently operates six cafes based only in Alicante, now aims to become the largest Spanish company with a Bitcoin treasury. At the time of writing, it…

Hyperliquid sees $1.1B Bitcoin long bet opened at 40x leverage

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A crypto whale has expanded an existing 40x leverage long Bitcoin bet to $1.1 billion on the decentralized exchange Hyperliquid, which has stunned the crypto community and is believed to be the first-ever position exceeding $1 billion on the platform. The X account “James Wynn” claims to be behind the position, which is now up $36 million on the trade, data from Hypurrscan’s block explorer shows. A $28.4 million margin position was used across several trades to increase the Bitcoin (BTC) position, now worth $1.13 billion. The average Bitcoin entry…

MicroStrategy buys another $1.1b Bitcoin

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MicroStrategy announced a Bitcoin purchase for the twelfth consecutive week, while also unveiling a new stock offering to finance additional crypto acquisitions. MicroStrategy, the world’s largest corporate Bitcoin (BTC) holder, increased its holdings to a staggering 471,101 tokens after completing its second purchase during President Donald Trump’s administration. The company invested another $1.1 billion in BTC, acquiring 10,101 BTC at an average price of $105,596, according to a disclosure filing shared by MicroStrategy executive chairman Michael Saylor. Saylor’s firm, which began purchasing BTC in 2020, has spent $30.4 billion accumulating…

MicroStrategy Bitcoin stake up to 461k with new $1.1b purchase

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MicroStrategy continued its Bitcoin buying spree just a day after Donald Trump was sworn in as the 47th U.S. President. The Tysons Corner-based firm added another 11,000 Bitcoin (BTC) for $1.1 billion, according to a disclosure document shared by executive chair and BTC advocate Michael Saylor on Tuesday, Jan. 21. MicroStrategy acquired its latest stash at an average price of $101,191, marking its first BTC purchase in the new Donald Trump era. At press time, the dotcom-era software developer held a total of 461,000 BTC, acquired for roughly $29.3 billion.…

Marathon parks $1.1b in Bitcoin after note sale

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After completing a convertible note sale, Bitcoin miner Marathon Holdings has increased its total BTC holdings to $3.9 billion. Marathon Holdings bought 11,774 Bitcoin (BTC) for an estimated $1.1 billion at a spot price of approximately $96,000 per token, the Florida-based blockchain infrastructure firm announced on Dec. 10. At $96,500 per token, Marathon Holdings’ total Bitcoin holdings were valued at nearly $4 billion. BTC was trading closer to $98,000 at press time following a liquidation flush on Monday, Dec. 9. 24-hour BTC price chart – Dec. 10 | Source: crypto.news…

Bitcoin ETFs bring in $1.1b as Ether ETFs see record inflows

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U.S. Spot Bitcoin ETFs continued their inflow streak on Nov. 11, recording the second time daily inflows surpassed $1 billion this month. Since the start of November, a total of $4.96 billion has flown into Bitcoin ETFs according to SoSoValue data. The recent uptick in demand followed Donald Trump’s victory in the U.S. elections which has sparked market-wide optimism across the broader sector. BlackRock’s IBIT led the market on Monday, drawing $756.4 million in new investments and extending its three-day streak of positive inflows, while also setting a record with…

Bridge, Which Is Being Bought by Stripe for $1.1B, Acquires Web3 Infrastructure Platform Triangle

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