Tag: Million

$3 Million NFT Fortune Vanishes To Crypto Tax and Market Crash, Here’s How

Key Notes Musician Jonathan Mann made $3 million from selling his songs as NFTs in January 2022. As the Ethereum price crashed in the same year, so did the value of his earnings. Still, the Internal Revenue Service office taxed him on the basis of the price he paid for the holding when he first received it. Jonathan Mann, an American singer and songwriter, recently experienced a notable crypto loss due to the market crash. The musician behind the “Song A Day” project lost the $3 million he earned from…

TRON Surges Past 8 Million Daily Transactions as TRX Holds Above $0.27

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TRON (TRX) has experienced relatively stable price movement over the past week, fluctuating within a narrow range between $0.276 and $0.272. At the time of writing, the token is trading at $0.2729, reflecting a weekly decline of approximately 1.5%. However, zooming out reveals a broader uptrend, with TRX gaining nearly 12% over the past month, indicating growing market interest amid a backdrop of increased on-chain activity. An assessment of TRON’s network-level data suggests the blockchain is experiencing a surge in usage. According to a recent analysis published on CryptoQuant’s QuickTake…

MicroCloud Hologram Inc. Announces It Has Purchased Up to $200 Million in Bitcoin and Cryptocurrency-Related Securities Derivatives, with a Current Cumulative Investment Income of $19.08 Million

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SHENZHEN, China, June 3, 2025 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (“HOLO” or the “Company”), a technology service provider, announced that they have purchased up to $200 million in Bitcoin and cryptocurrency-related securities derivatives. As of Jun. 03, the  cumulative investment income has reached $19.08 million. HOLO currently holds $303 million in cash reserves. The company plans to allocate these $303 million reserves toward derivatives and technology development in cutting-edge fields such as Bitcoin-related blockchain, quantum computing, quantum holography, and AI-powered AR.This move marks HOLO’s further exploration and practice in…

Semler Scientific Expands Bitcoin Holdings to 4,449 BTC With $20 Million Purchase

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Semler Scientific has acquired an additional 185 BTC for $20 million, increasing its total holdings to 4,449 BTC. This strategic investment has contributed to a 26.7% year-to-date yield on the company’s bitcoin portfolio. Semler Scientific’s Bitcoin Investment Yields 26.7% YTD Return Semler Scientific (Nasdaq: SMLR) has bolstered its bitcoin reserves by purchasing 185 BTC for […] Original

Blockchain Group buys $68 million Bitcoin, boosting corporate BTC adoption in EU

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Paris-based cryptocurrency firm Blockchain Group has acquired $68 million of Bitcoin, joining a growing wave of European institutions adding BTC to their balance sheets. The Blockchain Group, which claims to be Europe’s first Bitcoin treasury firm, has acquired 624 Bitcoin (BTC) for 60.2 million euros ($68.7 million). The latest acquisition brings the firm’s total holdings to 1,471 Bitcoin, or over $154 million, with a BTC yield of 1,097.6% YTD, the Blockchain Group announced in a June 3 X post.  Institutional interest has grown since the US approved spot Bitcoin exchange-traded…

705 BTC Bought For $75 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. Este artículo también está disponible en español. Strategy (previously MicroStrategy), the Bitcoin (BTC) proxy firm led by Michael Saylor, has made headlines again with its latest acquisition of the market’s leading cryptocurrency.  In a Monday filing…

SOL Strategies Reports $3.5 million Income Loss for Q2 2025

SOL Strategies, a Canadian public company focused on Solana infrastructure, reported a net loss in the second quarter even as revenue from staking and validating surged. The company, which trades on the Canadian Securities Exchange (CSE) under the ticker HODL, reported a net loss of CA$4.8 million ($3.5 million) for the second quarter of 2025, while revenue for the period surged to CA$2.54 million CAD ($1.85 million) from CA$67,000 in the same period a year earlier. SOL Strategies’ revenue growth was driven almost entirely by staking and validating income from…

Michael Saylor’s Strategy Acquires 705 Bitcoin for $75 Million

Key Notes Strategy recently acquired 705 Bitcoin at $75 million, with each coin bought for $106,495. As of June 1, 2025, Strategy is HODLing 580,955 BTC, worth over $60 billion. The recent purchase has placed Strategy on a 16.9% BTC Yield. Strategy, formerly MicroStrategy, has announced its recent acquisition of 705 Bitcoin BTC $104 173 24h volatility: 0.5% Market cap: $2.07 T Vol. 24h: $24.56 B . The Bitcoin buy, between May 26 and 30, was valued at approximately $75 million before the coin slumped. Notably, Bitcoin was trading at…