Tag: Million

Eric Trump Explains Why Bitcoin Is Destined for $1 Million

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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. Eric Trump laid out a bluntly bullish, supply-and-demand case for why Bitcoin can reach $1 million, arguing that accelerating institutional access collides with Bitcoin’s fixed 21 million-coin cap, during a “Bitcoin Takes Over the World” session…

Bitcoin Miner IREN Rises 12% On Record $501 Million Yearly Revenue

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Bitcoin miner IREN has posted its best quarter of earnings to date, bringing in $187.3 million last quarter, which contributed to a record $501 million revenue for the fiscal year, sending its stock up nearly 14% in after-hours trading.  Quarterly revenue for the month ended June 30 was up 226% year-on-year, helping the company swing back into profitability with $176.9 million in net income, IREN said in a report on Thursday.  The surge was driven by growth in its Bitcoin (BTC) mining business, but the company has also made moves…

Metaplanet to Expand Bitcoin Treasury With $881 Million Capital Raise

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Metaplanet will raise $881 million (¥130.3 billion) through an international share sale, using most of the proceeds to buy bitcoin. The move would expand its BTC holdings by $837 million and strengthen its position as Japan’s leading bitcoin treasury company. Japan’s Metaplanet Plans Massive Bitcoin Buy From New International Offering Metaplanet, a Tokyo Stock Exchange-listed […] Original

Ether ETFs Extend Streak With $455 Million Inflows as Bitcoin Adds $88 Million

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Ether exchange-traded funds (ETFs) posted a powerful $455 million inflow on Tuesday, stretching their winning streak to four days, while bitcoin ETFs continued their steady recovery with $88 million in inflows. Crypto ETF Momentum Builds: Ether Dominates With 4th Straight Inflow Day Ether ETFs refuse to slow down. Tuesday, Aug. 26, marked the fourth consecutive […] Original

BlackRock Leads $450 Million Ethereum ETF Inflows

Key Notes Bitcoin ETFs saw $88.2 million in inflows, far behind Ethereum ETFs, underscoring a significant shift of capital.BlackRock’s ETHA now manages over $16 billion AUM and holds 3.775 million ETH. ETH price gained 4.5% on Tuesday, rebounding from last week’s dip and consolidating above $4,600. World’s largest asset manager BlackRock led the $450 million inflows registered across all US Ethereum ETF issuers on August 26. Inflows into Ether ETFs have shot up significantly this week, crossing the $13 billion milestone since inception. The ETH ETH $4 621 24h volatility:…

MEXC Tells Trader To Meet In Malaysia To Do KYC, Recover $3.1 Million

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A crypto whale who has $3.1 million in funds frozen on crypto exchange MEXC claims he was told to fly to Malaysia to prove his identity in person to have his funds released quickly. According to screenshots shared by the pseudonymous crypto trader “White Whale” MEXC’s global head of customer service offered him an “exclusive invitation” to Malaysia to have an “in-depth communication with the leadership team” about the frozen assets.  Source: The White Whale The reported move would be outside the norm for crypto exchanges. Know Your Customer solutions…

Sequans Files For $200 Million Equity Offering To Buy More Bitcoin

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French semiconductor company Sequans Communications filed for a $200 million at-the-market equity offering on Monday to fuel its Bitcoin treasury strategy — with the longer-term aim to amass 100,000 Bitcoin by 2030. The program will allow the 4G and 5G chipmaker to issue American Depositary Shares — US dollar-denominated equity shares of a foreign company that are traded on US stock exchanges — at its discretion, it said in a filing to the Securities and Exchange Commission on Monday. “We intend to use it judiciously to optimize our treasury, increase…

Ether’s 14-Week Inflow Streak Ends With $238 Million Exit as Bitcoin ETFs Bleed $1.17 Billion

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Bitcoin ETFs logged their second-largest weekly outflow at $1.17 billion, while ether ETFs ended a 14-week inflow streak with a $238 million exit. Despite midweek rallies, heavy early outflows defined the trend. ETF Shake-up: Bitcoin Funds Post Second-Highest Weekly Loss While Ether Snaps Record Inflow Run The tide finally turned. After 14 straight weeks of […] Original