Tag: Owns

Steve Cohen says he owns a ‘little bit’ of bitcoin because of his son

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Hedge fund billionaire and New York Mets owner Steve Cohen said he owns “very little” bitcoin, though he didn’t specify its value. “My son is really into it, and he had me play around and try to figure out how to transact on Coinbase,” Cohen told CNBC’s “Squawk Box” Wednesday. The chairman and CEO of Point72 Asset Management, which has about $32 billion in assets under management, added that he doesn’t have strong opinions about the digital asset class. Still, he appears to be following along with investors across the…

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…

On-Chain Analysis Reveals Tesla Has 11,509 Bitcoins and Spacex Owns 8,285 BTC, Says Arkham

Crypto analytics firm Arkham claims to have identified the bitcoin holdings of Elon Musk’s companies, Tesla and Spacex. “The on-chain fund flows we’ve identified match financial statements from Tesla and Spacex,” the firm detailed, stating: “We are the first to publicly identify these holdings on chain.” Bitcoin Holdings of Tesla and Spacex Crypto analytics firm […] Source CryptoX Portal

Elon Musk’s Tesla, SpaceX owns more than $1.3b in Bitcoin

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According to the latest Arkham data, Elon Musk’s ventures, Tesla and SpaceX, hold over $1 billion worth of Bitcoin.  Arkham’s on-chain analysis found that Bitcoin transactions and flows were identical to SpaceX and Tesla’s balance sheets. The data shows that Tesla purchased $1.5 billion of BTC in January 2021.  Just two months after that, the automobile giants briefly allowed the purchase of Tesla in Bitcoin. Tesla’s BTC holdings have increased since then, as a large cluster of the current holdings seems related to a particular car sale.  The on-chain fund…

Donald Trump Owns $2.8M in Crypto in Ethereum (ETH) Wallet, Made Near $5M on NFTs

The news also comes at a time when cryptocurrencies are increasingly part of the political agenda in the U.S. as candidates are gearing up for the presidential election due in 2024. Democratic hopeful Robert F. Kennedy Jr., who confirmed owning bitcoin (BTC), said he would back the U.S. dollar with BTC and exempt the token from capital gains taxes if elected. Robert DeSantis, Florida governor and a Republican candidate trailing Trump in early polls, promised to ban central bank digital currencies (CBDCs) as president. Source

MicroStrategy returns to profit and now owns $4.4B worth of Bitcoin

Business intelligence firm MicroStrategy — one of the largest corporate holders of Bitcoin (BTC) in the United States — managed to return to profitability in the second quarter amid a surge in the price of Bitcoin. In a Q2 earnings results filing posted on Aug. 1, MicroStrategy reported $22.2 million in net income, a massive swing from a net loss of $1.1 billion in the prior-year period. Total revenues were mostly flat at $120.4 million. In July, @MicroStrategy acquired an additional 467 BTC for $14.4 million and now holds 152,800…

Robert F. Kennedy Jr. owns up to $250k in bitcoin, financial records show

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Robert F. Kennedy Jr. currently holds between $100,000 and $250,000 in bitcoin, according to financial records. America’s next potential president is a bitcoiner  Kennedy, who is running as a Democratic candidate for president of the United States, has been a vocal supporter of cryptocurrency and blockchain technology and has gone as far as accepting campaign donations in bitcoin (BTC).  The 69-year-old politician and environmental lawyer has publicly stated that despite his positive sentiment toward blockchain, he…

Judge rules Celsius owns funds in Earn accounts, paving the way for stablecoin sale

Judge Martin Glenn, who is presiding over the Celsius bankruptcy case, ruled on Jan. 4 that the funds in the Celsius interest-bearing Earn program belong to Celsius under the terms of the program’s terms of use. The funds reportedly amount to more than $4 billion.  “The issue of ownership of the assets in the Earn Accounts is a contract law issue,” Judge Martin wrote, citing the latest version of the Earn program’s terms of use that stated lending platform Celsius held “all right and title to such Eligible Digital Assets,…

Elon Musk Confirms Bankman-Fried Owns 0% of Twitter Despite Reports Claiming a $100M Stake – Featured Bitcoin News

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Tesla CEO and Twitter chief Elon Musk has clarified that Sam Bankman-Fried, former CEO of collapsed crypto exchange FTX, does not own any stake in Twitter. This followed an article published by a Bankman-Fried-backed publication suggesting that Musk took $100 million from the former FTX executive. Elon Musk on SBF’s Alleged Investment in Twitter Elon Musk has clarified that Sam Bankman-Fried (SBF), FTX’s co-founder and former CEO, currently owns 0% of Twitter. The confirmation followed an article published Wednesday by Bankman-Fried-backed publication Semafor indicating that SBF owns a $100 million…