The design software company Figma has revealed that it holds $91 million in Bitcoin, but its leadership is quick to clarify that this is a cautious, diversified investment rather than a major shift in strategy. During its second-quarter earnings call, CFO Praveer Melwani stated that the company’s Bitcoin position is held in an exchange-traded fund … Read more
Institutional investment strategies are once again favoring Bitcoin as a “digital hedge,” following a period of strong adoption for Ethereum ETFs. Although Ethereum-linked funds saw impressive net inflows of $3.87 billion in August, major players are now reallocating capital. On September 3, BlackRock sold $151.39 million worth of Ethereum and simultaneously bought $289.84 million worth … Read more
Riot Platforms, a leading publicly traded Bitcoin mining company, reported a successful period of operations. The company sold 450 of its self-mined Bitcoin, which brought in $51.8 million in revenue. The rest of its mined Bitcoin was kept, increasing its long-term holdings. As of August 31, Riot’s total Bitcoin treasury reached 19,309 BTC, making it … Read more
Bitcoin’s price is facing significant challenges to its recovery due to a combination of rising global bond yields and the strengthening price of gold. These factors are creating an unfavorable environment for risk assets like cryptocurrencies. Key headwinds impacting Bitcoin include: Rising Treasury Yields: Both the U.S. 10-year and 30-year Treasury yields have risen, with … Read more
Shares of American Bitcoin (ABTC), a cryptocurrency mining company co-founded by Eric Trump and Donald Trump, Jr., experienced extreme volatility on Wednesday, its first day of trading following a merger with Gryphon Digital Mining. The Nasdaq stock exchange halted trading of the shares five times as the price surged by nearly 85% to a high … Read more
Amsterdam-based company Treasury has entered the competition to become one of Europe’s largest corporate holders of Bitcoin. With €126 million ($147 million) in initial funding, the company plans to purchase over 1,000 BTC. To gain a listing on the Euronext Amsterdam exchange, Treasury will pursue a reverse listing by merging with the Dutch lender MKB … Read more
Spot Bitcoin exchange-traded funds (ETFs) saw a significant increase in investor interest on Tuesday, with net inflows of $332.7 million, according to data from SoSoValue. This marks a notable shift, as Bitcoin ETFs had faced a challenging August, recording $751 million in net outflows over the month. Leading the way for Bitcoin ETFs were: Fidelity’s … Read more
Rumors are swirling online that El Salvador might be preparing to sell its substantial Bitcoin holdings. The speculation began after on-chain data showed the country’s entire Bitcoin reserve, valued at over $600 million, was moved from a single wallet to 14 new ones. The Big Move El Salvador’s official Bitcoin office confirmed the move, stating … Read more
El Salvador is set to host Bitcoin Histórico, the world’s first government-sponsored Bitcoin conference, in San Salvador on November 12-13. The event is framed as a cultural and financial milestone, designed to showcase how Bitcoin can transform a nation. The entire historic downtown of San Salvador will serve as the venue. Keynote speeches will be … Read more
While Bitcoin (BTC) has long been considered the premier store of value in the crypto world, Ripple’s XRP is making a strong case that its superior utility could lead to wider adoption by the end of the decade. The conversation is shifting from which asset is the best long-term hold to which is the most … Read more