A recent analysis by Arkham Intelligence has debunked previous rumors and revealed that the United Arab Emirates holds about $700 million in Bitcoin, accumulated primarily through mining operations. The blockchain analytics firm identified the UAE government’s wallets, which contain approximately 6,300 BTC. This makes the UAE the sixth-largest nation-state holder of Bitcoin, placing it behind … Read more
Major companies are continuing to build their Bitcoin reserves, even as the crypto market experiences a correction. Sequans Communications French semiconductor firm Sequans Communications has filed for a $200 million equity offering to expand its Bitcoin holdings. The company currently holds 3,171 BTC and has an ambitious long-term goal of accumulating 100,000 BTC by 2030. … Read more
This article discusses Eric Trump’s recent public statements about Bitcoin and his family’s increasing involvement in the cryptocurrency space. Despite previous support for Ethereum and other altcoins, Eric Trump has now declared himself a “Bitcoin maxi,” predicting that Bitcoin’s price will reach $175,000 by the end of 2025 and eventually surpass $1 million. His newfound … Read more
Japanese firm Metaplanet, a company focused on holding Bitcoin as a treasury asset, has announced the purchase of an additional 103 BTC for approximately $11.7 million. This acquisition was made at an average price of $113,491 per bitcoin. With this latest purchase, Metaplanet’s total Bitcoin holdings now stand at 18,991 BTC. The company has spent … Read more
Following a week of underperformance driven by weak corporate interest and significant ETF outflows, Bitcoin’s price has been stuck in a narrow trading range between $114,400 and $117,300. However, signals from a key figure in the crypto world suggest a potential shift in momentum. Michael Saylor, the co-founder of MicroStrategy and a prominent Bitcoin advocate, … Read more
The Philippines is moving to establish a national strategic Bitcoin reserve with the introduction of the Strategic Bitcoin Reserve Act by Congressman Miguel Luis Villafuerte. If passed, the bill would direct the Bangko Sentral ng Pilipinas (BSP) to acquire 10,000 BTC over a five-year period, positioning the country as one of the largest state-level holders … Read more
El Salvador has increased its national Bitcoin reserves by eight coins over the last week, raising its total holdings to 6,277.18 BTC. Valued at roughly $727 million, this addition continues President Nayib Bukele’s long-term strategy of gradually accumulating Bitcoin since the country made it legal tender in September 2021. The recent purchase appears to be … Read more
U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) have continued their streak of net outflows, with investors pulling a combined total of over $550 million on August 20 alone. This marks the fourth consecutive day of withdrawals, signaling a weakening short-term sentiment in the crypto market. Spot Bitcoin ETFs recorded $311.57 million in outflows for … Read more
Hong Kong-listed construction firm Ming Shing Group Holdings has announced a major move into digital assets, agreeing to purchase 4,250 Bitcoin for approximately $482.96 million. This acquisition makes them the latest public company to adopt a Bitcoin treasury strategy, a trend that has gained momentum globally. The company’s CEO, Wenjin Li, stated that the investment … Read more
Core Foundation, a Bitcoin scaling solution, has joined forces with digital asset custodian Hex Trust to offer institutional clients in the Asia-Pacific (APAC) and MENA regions a new way to earn returns on their Bitcoin. This partnership combines Core’s “dual staking technology” with Hex Trust’s secure, regulated custody services. The collaboration allows institutions to stake … Read more