Tag: Cash

MicroStrategy’s $26 billion in Bitcoin Exceeds Nike and IBM cash

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MicroStrategy recorded $26 billion in Bitcoin after its price surged to $90.000 last week. The number are surpassing cash owned by big companies including Nike and IBM. Bitcoin, the biggest cryptocurrency in the world, price increasing up to 11% to $90.000 last week. Making MicroStrategy’s Bitcoin, one of the biggest companies that hold Bitcoin, valued up to $26 billion. MicroStrategy executive chairman Michael Saylor, on his X post-Nov. 17, claimed that their Bitcoin value exceeds Nike Inc. and International Business Machine (IBM) Corp cash holdings. In comparison, MicroStrategy’s Bitcoin is…

Solidion Technology Allocates 60% of Its Cash to Buying Bitcoin

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Solidion Technology follows other institutional investors such as Microstrategy by purchasing bitcoin with a plan for future acquisitions. Strategic Bitcoin Allocation for Solidion Treasury Solidion Technology, a provider of advanced battery materials, announced on Thursday that it had invested a portion of its excess cash reserves in bitcoin. This strategic move aligns with the company’s […] Original

Nasdaq-listed Solidion pledges to allocate 60% of cash surplus to Bitcoin purchases

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U.S.-based battery tech company Solidion has pledged to allocate 60% of its excess cash reserves to Bitcoin as part of its treasury strategy. Solidion Technology, a U.S.-based battery materials provider, has committed to allocating more than half of its excess cash reserves to Bitcoin (BTC) purchases as part of its new corporate treasury strategy. As part of its new strategy, Solidion said in a Nov. 14 press release that it will direct 60% of any excess cash from operations into Bitcoin acquisitions and convert interest earnings from money market accounts…

SIX to Buy London’s Aquis Exchange in a £207 Million Cash Deal

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Switzerland’s SIX has agreed to acquire London-based Aquis Exchange in a cash offer, valuing the deal at an enterprise value of £194 million. Announced today (Monday), the Swiss bourse will pay 727 pence per share in cash to Aquis shareholders, putting the total issued and to-be-issued share capital of the latter at about £207 million. The official announcement further detailed that the offer price provides Aquis shareholders a premium of about 120 percent over the closing price of its shares last Friday. A “Compelling Strategic Opportunity” According to SIX, the…

Tornado Cash Developer Roman Storm’s Trial Delayed Until April

In addition to potentially hurting Storm’s defense, Klein’s letter to the court suggested that Judge Failla’s ruling may have contravened one of the federal rules that govern criminal proceedings. Essentially, Klein argued that the government cannot legally compel the defense to disclose the names of its expert witnesses unless the defense has requested the same information from the prosecution. Storm’s defense “intentionally made no such request,” Klein wrote, in order to keep their witness list private. Source

VanEck partners with Kiln for SOL staking, analysts predict $800 for Bitcoin Cash and $1 for Intel Markets

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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. 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…

A Major Improvement to Bitcoin Cash Will Smash Developer Bottlenecks

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Andrei Terentiev, CTO of Bitcoin.com, explains why Bitcoin.com has thrown its full support behind Bitcoin Cash Improvement Proposal 2021-05. CHIP-2021-05 Gains Bitcoin.com’s Support With Promise Of A New Era for Bitcoin Cash Smart Contracts Bitcoin.com endorses Bitcoin Cash Improvement Proposal (CHIP) 2021-05 VM Limits: Targeted Virtual Machine Limits. The current VM limits, while necessary for […] Original

Bitcoin Cash up 12% in 24 hours, analysts expect the rally to continue

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BCH was up over 12% on Oct. 15, ranking as the leading gainer in the market with analysts expecting more gains pointing to several bullish patterns emerging on the BCH chart. Bitcoin Cash (BCH) surged by 12.9% over the last 24 hours and was exchanging hands at $368 at press time. The crypto asset’s daily trading volume was hovering around $7.26 billion, per data from crypto.news. Bitcoin Cash, created in 2017 as a hard fork of Bitcoin to address scalability challenges, has historically followed in the footsteps of its predecessor.…

Bitcoin Cash (BCH) Soars 20%: Can The Momentum Last?

Bitcoin Cash price started a major increase above the $350 resistance. BCH is consolidating and might aim for more gains above the $385 resistance. Bitcoin cash price started a fresh increase above the $350 level. The price is trading above $365 and the 100-hour simple moving average. There is a connecting bullish trend line forming with support at $355 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could start another increase if it clears the $380 resistance zone. Bitcoin Cash Price Starts Fresh Surge…