Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, has made its first BTC purchases in August, marking five years since adopting Bitcoin as a treasury asset. Strategy acquired 155 Bitcoin (BTC) for $18 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday. Strategy’s new Bitcoin…
Read more
Tether and Rumble have announced a proposal for the joint acquisition of all Northern Data shares, taking full control of the artificial intelligence infrastructure company. According to a Monday Rumble announcement, the deal would build on Northern Data’s existing AI and high-performance computing (HPC) operations. Tether, the issuer of the USDt (USDT) stablecoin and already…
Read more
Corporate Bitcoin treasuries have surged past $100 billion, raising concerns among analysts that the United States could one day nationalize these holdings in a move reminiscent of the gold standard era. Corporate crypto treasuries have surpassed $100 billion of digital asset holdings, with Bitcoin (BTC) treasury firms amassing 791,662 BTC worth about $93 billion, representing…
Read more
Bitcoin (BTC) starts a new week in an exciting place as price action knocks on new all-time highs. Bitcoin surges to $122,000, the latest sign that price discovery is around the corner. Dip discussions focus on the weekend’s CME gap, which offers $117,000 as a retracement target. CPI and PPI are due this week as…
Read more
Cryptocurrency investment products posted gains last week, rebounding after the previous week had ended a record 15-week inflow streak totaling $27.8 billion. Global crypto exchange-traded products (ETPs) saw $572 million of inflows during the trading week ending Friday, the European crypto asset manager CoinShares reported on Monday. The inflows came amid Bitcoin (BTC) and Ether…
Read more
S&P Global Ratings has assigned a B- issuer credit rating to Sky Protocol, formerly known as Maker Protocol, marking the first time a major credit rating agency has issued a rating for a decentralized finance (DeFi) platform. The rating is part of S&P’s ongoing assessment of stablecoin issuers, which began in 2023 to evaluate their…
Read more
The price of Bitcoin shot above $122,000 on Monday, building on momentum from a bullish executive order in Washington and three straight days of spot Bitcoin exchange-traded fund inflows to close out last week. Henrik Andersson, chief investment officer of Apollo Crypto, said the move was overdue following a month of consolidation. “In our view…
Read more
Crypto markets have historically fallen into a four-year bull and bear cycles that seem to revolve around the Bitcoin halving, however, this pattern could be unravelling, according to industry analysts and experts. “Top 100 Bitcoin treasury companies hold almost 1 MILLION Bitcoin,” said author and investor Jason Williams in a post on X on Sunday.…
Read more
Bitcoin pioneer Samson Mow predicts Ethereum investors will switch back to Bitcoin once ETH prices get high enough, potentially reversing a five-week surge in Ether. However, historical market cycle patterns could indicate otherwise. “Most ETH holders have a lot of BTC (ICO/insiders) and they are rotating that BTC into ETH to pump it on new…
Read more
Strategy has just marked five years since its first ever Bitcoin purchase, a starting move that’s helped its share price surge nearly 2,600% since 2020 and revive it from a 20-year lull. MicroStrategy Inc., which now does business as Strategy, bought its first batch of Bitcoin (BTC) on Aug. 11, 2020, spending $250 million to…
Read more