Tag: Bitcoins

MicroStrategy now owns over 1% of Bitcoin’s total supply

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Michael Saylor’s MicroStrategy bought an additional 9,245 Bitcoins throughout this week for $623 million.  The latest purchase brings their total Bitcoin holdings to 214,246, averaging a purchase price of $35,160 per Bitcoin and cumulatively spending $7.5 billion. MicroStrategy‘s significant investment places the company’s Bitcoin assets at over 1% of the entire Bitcoin market, marking an unrealized profit margin of approximately $6 billion. The funding for this substantial acquisition came from two sources: $592.3 million was secured through the company’s latest convertible debt offering, and the remaining $30.7 million was allocated…

Bitcoin’s retreat from $70k sparks concerns among tradfi investors, Bitfinex notes

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Bitcoin’s decline prompts caution among traditional investors, emphasizing the importance of forthcoming flow data to gauge market sentiment. Traditional investors (tradfi) are starting to exercise caution as Bitcoin’s (BTC) price experiences a decline pulling back over 12.5% from its recent all-time high reached on Mar. 14. In a recent research report Bitfinex notes that the latest retreat “was one of the largest price dips” since the introduction of spot Bitcoin exchange-traded funds (ETFs) earlier this year. Despite the surge in inflows into spot Bitcoin ETFs, which surpassed a billion dollars…

Predicting Bitcoin’s Bull Run Values: Plan B’s S2F Model and Ledn CIO’s $92,000 Target 

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As bitcoin hovers around the $67,000 mark on March 18, 2024, there’s still widespread speculation about the potential for its price to climb even higher. The analyst Plan B continues to shed light on his well-known stock-to-flow (S2F) model, which suggests that “exponential growth” is expected to “continue.” Plan B: ‘S2F = Exponential Growth’ The […] Original

Bitcoin’s fourth halving might lead to mining power centralization, Bitfinex says

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Bitfinex warns of potential centralization of mining power amid concerns over the upcoming Bitcoin’s halving, which could increase financial pressure on small miners. Bitcoin’s upcoming fourth halving scheduled for around Apr. 20 might force smaller miners to exit the market, with remaining mining operations likely to be accessible only by publicly traded miners. According to a recent report by Bitfinex, the upcoming halving event could prompt smaller miners to exit the market altogether, leaving the field dominated by publicly traded mining companies. This concentration of mining power, Bitfinex cautions, is…

Robert Kiyosaki Highlights ‘Problem’ With Gold, Silver, and Oil — Praises Bitcoin’s Limited Supply

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Rich Dad Poor Dad author Robert Kiyosaki has pointed out “the problem” with gold, silver, and oil, while confirming his ownership of gold, silver mines, and oil wells. Touting bitcoin’s limited supply, the famous author emphasized that no matter how high the price of bitcoin rises, there can only be 21 million coins. “That’s why […] Original

US government holds 210k Bitcoins with $14.4b unrealized profit

The U.S. government’s holdings of 210,392 BTC worth $14.4 billion make the country one of the largest holders of the coin. The head of CryptoQuant, Ki Young Ju, noted that the U.S. Department of Justice, the Internal Revenue Service, and other departments have not sold a single Bitcoin (BTC) since July 2023. The government’s unrealized profits increased 2.4 times. At the same time, Arkham platform analysts have different data. They reported that the address, which allegedly belongs to the U.S. authorities, stores 215,245 BTC, which amounts to about $14.8 billion…

XRP and Bitcoin’s 2024 outlook; Cardano whales eye memecoin

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market flutuates, XRP strives for a comeback, while Bitcoin maintains its lead. Interest surges in Rebel Satoshi’s presale, driven by Cardano whales. As investors navigate the dynamic crypto market, attention turns to XRP and Bitcoin’s contrasting performance and their potential outlook for 2024. Meanwhile, Cardano whales express enthusiasm over the next stage of Rebel Satoshi‘s ($RBLZ) presale. XRP’s path to recovery XRP’s journey to reclaim its…

Bitcoin’s rally above $73,000 persists despite swift plunge

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Bitcoin demonstrates ongoing momentum surging to a high of $73,887 without showing signs of exhaustion. The crypto market saw Bitcoin (BTC) break new ground, hitting an all-time high of $73,887 (on EXMO) before experiencing a rapid pullback as it briefly touched $74,000. This surge in volatility followed a record-breaking day, with net inflows totaling over $1 billion, according to data from BitMEX Research. [1/4] Bitcoin ETF Flow – 12 March 2024 All data in. Record day with over $1 billion of net inflow. Blackrock with a record $849 million of…