Tether CEO Paolo Ardoino has personally addressed and denied rumors that the company sold off its Bitcoin holdings. In a post on social media, he confirmed that Tether has not sold any Bitcoin and is, in fact, continuing to invest its profits into Bitcoin, as well as gold and land, as part of a long-term … Read more
Bitcoin’s network difficulty has hit a new record high, making it tougher for miners to earn new coins. The difficulty level, which adjusts every two weeks, has now risen to over 136 trillion, indicating more computing power is competing on the network. This increase comes at a difficult time for miners, as their revenue is … Read more
El Salvador is expanding its national reserves beyond Bitcoin, as the country’s central bank recently acquired a significant amount of gold. This move follows a period of aggressive Bitcoin (BTC) accumulation since the nation made the cryptocurrency legal tender in 2021. President Nayib Bukele announced on X that the country was increasing its gold holdings. … Read more
TRON Inc. has significantly expanded its digital asset treasury, now holding a total of $220 million after its largest shareholder, Bravemorning Limited, invested an additional 312.5 million TRX, valued at approximately $110 million. This move, which brings Bravemorning’s stake to over 86%, highlights growing institutional interest in digital assets beyond just Bitcoin and Ethereum. Despite … Read more
Paraguay is set to hold a meeting in September to explore the creation of a national Bitcoin reserve. The country plans to leverage its surplus hydropower to mine Bitcoin, using the profits to establish a digital asset reserve. This move would position Paraguay alongside other nations, such as El Salvador and Bhutan, that have already … Read more
For the first time in seven years, Ethereum (ETH) has surpassed Bitcoin (BTC) in spot trading volume on centralized exchanges, a significant shift in market dominance. In August, ETH spot volume reached nearly $480 billion, outpacing Bitcoin’s $401 billion, indicating a growing preference among traders for Ethereum’s liquidity. This momentum is also being driven by … Read more
MARA Holdings has significantly increased its Bitcoin treasury to 52,477 BTC, valued at $5.9 billion. This strategic move solidifies its position as the second-largest public holder of Bitcoin, trailing only Michael Saylor’s Strategy. The company made this aggressive acquisition in August, taking advantage of a 6% dip in Bitcoin’s price from its highs. In August, … Read more
Robinhood, a retail brokerage with a strong focus on digital assets, has been added to the S&P 500 index, causing its shares to jump 7% in after-hours trading. This inclusion, effective on September 22, is a major milestone for the company, whose stock has already soared over 150% this year. The move signals the growing … Read more
El Salvador has made its first gold purchase in 35 years, buying 13,999 ounces (397 kg) of gold for $50 million. This acquisition increases the country’s gold reserves by over 31% to a total value of nearly $207 million. The move signals a strategic shift to diversify its national reserves, which are already famous for … Read more
Publicly traded companies now collectively hold over 1 million BTC, a significant milestone that highlights the growing adoption of Bitcoin in corporate finance. According to data from BTC Treasuries, these holdings are valued at approximately $110 billion. The majority of this corporate-owned Bitcoin is held by Strategy (MSTR), which controls over 636,505 BTC, representing more … Read more