Tag: btc

Japan’s Metaplanet adds 150 BTC, now holds 3,350 BTC

Metaplanet has added 150 BTC to its treasury at an average price of ¥12.57 million ($80,000) per BTC, totaling ¥1.886 billion ($12.1 million).  According to Metaplanet’s Mar. 24 official statement, this brings its total Bitcoin (BTC) holdings to 3,350 BTC, purchased at an overall cost of ¥42.22 billion ($270 million), averaging ¥12.60 million ($80,200) per BTC. Since formally embracing Bitcoin as a key part of its business, Metaplanet has quickly grown its holdings to become the biggest corporate Bitcoin holder in Asia.  The company has used stock acquisition rights through…

Saylor hints at impending BTC purchase after latest capital raise

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Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase after the company raised additional capital this week through its latest preferred stock offering. The executive posted the Sunday Bitcoin chart on X that signals another BTC acquisition the next day — when traditional financial markets open — with the playful message “needs more orange.” According to SaylorTracker, the company’s most recent BTC acquisition occurred on March 17, when Strategy purchased 130 BTC, valued at $10.7 million, bringing its total holdings to 499,226 BTC. Strategy’s total Bitcoin purchases. Source:…

Will TRX follow BTC? Justin Sun discusses block reward cut

TRON founder Justin Sun has shared his thoughts about potentially reducing TRX block rewards, drawing parallels to Bitcoin’s halving mechanism. In a recent tweet, Sun shared his thoughts on implementing a reward reduction for Tron (TRX). He noted that the cryptocurrency is already deflationary, with supply decreasing by 1% annually. This makes TRX “the only deflationary asset among major cryptocurrencies,” according to Sun. “This discussion about TRX’s upcoming reduction in block rewards is worth paying attention to! Will TRX follow Bitcoin’s path and enter a halving cycle?” Sun wrote on…

Bitcoin Exchange Whale Ratio Hits New 2025 High — BTC Price At Risk?

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

The current BTC ‘bear market’ will only last 90 days — Analyst

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The current Bitcoin (BTC) bear market, defined as a 20% or more drop from the all-time high, is relatively weak in terms of magnitude and should only last for 90 days, according to market analyst and the author of Metcalfe’s Law as a Model for Bitcoin’s Value, Timothy Peterson. Peterson compared the current downturn to the 10 previous bear markets, which occur roughly once per year, and said that only four bear markets have been worse than the price decline in terms of duration, including 2018, 2021, 2022, and 2024.…

Pakistan Crypto Council proposes using excess energy for BTC mining

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Bilal Bin Saqib, the CEO of Pakistan’s Crypto Council, has proposed using the country’s runoff energy to fuel Bitcoin (BTC) mining at the Crypto Council’s inaugural meeting on March 21. According to an article from The Nation, the council is exploring comprehensive regulatory frameworks for cryptocurrencies to attract foreign direct investment and establish Pakistan as a crypto hub. The meeting included lawmakers, the Bank of Pakistan’s governor, the chairman of Pakistan’s Securities and Exchange Commission (SECP), and the federal information technology secretary. Senator Muhammad Aurangzeb had this to say about…

Bitcoin Open Interest Falls To $37B—Does This Spell Trouble for BTC?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Open interest in Bitcoin trading is a crucial metric to assess the market’s current sentiment on the digital asset, including potential price movements. In theory, an increase in Bitcoin’s…

Price analysis 3/21: BTC, ETH, XRP, BNB, SOL, ADA, DOGE, TON, LINK, LEO

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This week’s Bitcoin rallies failed to overcome sellers at the $87,500 level, but many analysts still believe the corrective bottom was at $77,000. How will altcoins react while BTC trades in a range? Bitcoin’s (BTC) recovery continues to face selling at higher levels, indicating that the bears have not given up. Trading resource Material Indicators said in a post on X that “Spoofy the Whale” has been suppressing Bitcoin’s price below $87,500. Although the upside is currently restricted, select analysts believe that the downside is limited. BitMEX co-founder Arthur Hayes…

HK Asia expands Bitcoin holdings by 10 BTC

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Hong Kong-based HK Asia Holdings has expanded its Bitcoin holdings, purchasing an additional 10 BTC for approximately $858,581. The purchase brings the firm’s total Bitcoin (BTC) holdings to 18.88 BTC, valued at around $1.72 million. The acquisition follows a Feb. 23 board approval allowing HK Asia to increase its Bitcoin investments. The company had previously purchased 1 BTC on Feb. 16 and 7.88 BTC on Feb. 20, financing the acquisitions through internal cash reserves. Store of value HK Asia sees Bitcoin as a store of value and hedge against fiat…